Legal Services and Risk Assistant Manager
Legal Services and Risk Assistant Manager
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$ 95000 - 110000
1 Vacancy
Job Description
If you are currently an employee of Herc Rentals please apply using this link:Herc Employee Career Portal
Founded in 1965 Herc Rentals is one of the leading equipment rental suppliers in North America with 2024 total revenues reaching approximately $3.6 billion. Herc Rentals parent company known as Herc Holdings Inc. listed on the New York Stock Exchange on July 1 2016 under the symbol HRI. Herc Rentals serves customers through approximately 450 locations and has about 7600 employees in North America as of March 31 2025.
Job Purpose
The primary mission of the Assistant Manager Legal Services & Risk will provide hands-on development of risk models involving market credit and risk secured transactions and provides research and analytical support to Order to Cash. This position reports directly to the Legal Services & Risk Manager with delegated duties such as training and mentoring teams to meet and exceed departmental objectives and goals. Excellent negotiation skills and attention to details are required to maximize returns on accounts in bad debt while working closely with the Legal Services & Risk Manager outside legal counsel/attorneys and third -party.
Key point of contact for and references for Hercs collections areas regarding lien & bond filings executing waivers customers whove filed bankruptcies final resolution processes settlement negotiations third-party collection agencies and attorneys and securing transactions relating to credit risk exposure. This role manages the companys third-party collection agency and attorney placement process in entirety while collaborating with management to develop procedures and systems to ensure the most efficient processes comply and that the departments goals and objectives are met.
The ideal candidate should be a team player with strong leadership and problem-solving ability as well as a willingness to embrace change in an ever evolving high volume and challenging business climate.
What you will do...
- Focus on implementation strategies to enhance Secured Transactions including security and protocol for at risk accounts
- Ensure functions are done in accordance with policies and procedures
- Supervise Legal Services Department employees and address any issues that may arise
- Perform reviews of accounts sent by collections and field staff to ensure credit is secured
- Review of compliance standards as requested for internal and external audit
- Responsible for monthly reporting and statistics including improvements to relating databases to upper management
- Review of external sourcing for collection agencies and attorney-placed accounts
- Participate in litigation theory with outside counsel
- Provide documentation for discovery and evidence as requested regarding ongoing litigation and collection efforts on bad debt accounts
- Storing data regarding to legal issues and as needed in compliance of retention laws
- Ensuring the write-off process is done monthly and in accordance with SOX compliance aswell as communicating with relating internal departments (e.g. Accounting Department upper management collections etc.)
- Provide economic strategy in improving AR
- Manage account rehabilitation processes with re-activations of accounts in bad debt previously placed with third-party collectors and attorneys
- Strategize with the credit department and the field in legal pursuit of customers providing bad checks as provided by statute
- Provide priority and security efforts to monitor maintain status and file Proof of Claims to recover on bankruptcies
- Ensure collection standards comply with federal bankruptcy laws
- Minimize amounts returned due to Preference Claims
- Manage payment options final demand letters sent and other final resolution processes
- Maintain a high level of customer service relationships both with Internal and External customers to drive efficiencies in processes
- Other Duties as assigned by management
Requirements
- 4 years supervisory experience recent work experience in commercial credit review and risk assessment preferred
- 3-5 years legal experience relating to debt collection construction laws property laws or bankruptcy laws
- Juris Doctor beneficial but not required
Skills
- Self-starter Achievement Driver and ability to multi-task
- Strong Negotiation Skills
- Strong Team Leadership Development and Conflict Management
- Proven Financial Analytical Capabilities Covering High Risk Accounts
- Strong Sense of Urgency and Customer Focus/ Organizational and Time Management Skills
- Excellent Verbal and Written Communication
- Advanced Microsoft Excel and Word
- Value-Added Business Contributor
Req #: 63652
Pay Range:$95000-$110000
Please be advised that the actual salary offered for any position is subject to the companys sole discretion and may be influenced by various factors including but not limited to the candidates qualifications experience location and overall fit for the role.
Herc Rentals values its employees and provides excellent compensation and benefits packages which are not limited to the following.
Keeping you healthy
Medical Dental and Vision Coverage
Life and disability insurance
Flex spending and health savings accounts
Virtual Health Visits
24 Hour Nurse Line
Healthy Pregnancy Program
Tobacco Cessation Program
Weight Loss Program
Building Your Financial Future
401(k) plan with company match
Employee Stock Purchase Program
Life & Work Harmony
Paid Time Off (Holidays Vacations Sick Days)
Paid parental leave.
Military leave & support for those in the National Guard and Reserves
Employee Assistance Program (EAP)
Adoption Assistance Reimbursement Program
Tuition Reimbursement Program
Auto & Home Insurance Discounts
Protecting You & Your Family
Company Paid Life Insurance
Supplemental Life Insurance
Accidental Death & Dismemberment Insurance
Company Paid Disability Insurance
Supplemental Disability Insurance
Group Legal Plan
Critical Illness Insurance
Accident Insurance
Herc does not discriminate in employment based on the basis of race creed color religion sex age disability national origin marital status sexual orientation citizenship status political affiliation parental status military service or other non-merit factors.
Required Experience:
Manager
Employment Type
Full Time
