Garnishment Specialist

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Garnishment Specialist
RESPONSIBILITIES: Interprets garnishment language to determine the scope, jurisdiction, applicability and timeframe of the garnishment. Ensures proper service of garnishment orders to mitigate potential monetary loss to the bank. Performs comprehensive review of legal documents valued between $50k and/or over $1mm, insuring that all required orders are handled appropriately and accurately recorded into the database. Works with various Lines of Business including Retail, Commercial and Brokerage Operations to review depository account set-up. Assists in identifying opportunities to increase efficiencies, maintain quality standards as well as decrease turn-around time. Maintains and adheres to State timelines. Demonstrates high level of accuracy to mitigate risk, liability, exposure and monetary loss to Bancorp. Identifies, research and analyzes potential problems in processes, develops solutions and resolves problems. Demonstrates high level of accuracy to mitigate risk, liability, exposure and monetary loss to Bancorp. Researches depository accounts to determine the presence of Federal protected benefits. Convey findings for Federal protected benefits by filing answers accordingly. Identifies accounts in which the bank may hold a priority security interest and Right to Offset Funds. Coordinates response with the appropriate Line of Business to determine the amount of funds to be applied to any obligations owed to the bank by the Debtor or Account Owner. Ensures strict confidentiality of information in all aspects of duties to mitigate operational, reputational, monetary and legal risk. Initiates and removes account holds, and completes bank checks for mailing to courts/law offices, child support enforcement agencies and IRS. Promptly notify customer of any actions taken on accounts by mailing copies of orders and customer notification letters to the customer, and fax notification letters to the branch in a timely manner. Ensures collection of the appropriate processing fees from garnishees and periodically complete review on outstanding debts.

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