Acquisitions Associate
Portfolio Recovery Associates, Inc - Norfolk, VA

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Portfolio Recovery Associates, Inc. (PRA) is a specialized financial and business services company. A market leader in the consumer debt purchase and collection industry, Portfolio Recovery has a longstanding culture of compliance, engaging collaboratively with its customers to create realistic, affordable repayment plans.

The company provides a broad range of business services to local government, auto lenders, law enforcement, institutional investors, manufacturers and retailers, and U.K. banks and creditors.

Portfolio Recovery was recognized as one of Fortune's 100 Fastest Growing Companies in 2012. The company also was named one of Forbes' Top 25 Best Small Companies in America in 2012, and has been annually ranked as one of Forbes' 100 Best Small Companies since 2007

SUMMARY: Responsible for supporting deal flow and the analysis and purchase of portfolios of defaulted consumer accounts. Primary focus will be on the organization, coordination and execution of transaction related work. Also responsible for establishing rapport and working on transactions with selected issuers and resellers, including follow up on items related to post sale coordination.

DUTIES AND RESPONSIBILTIES: Include the following. Other duties may be assigned. Respond to Requests for Information and Requests for Proposals related to portfolio sale offerings. Coordination of deal flow, to include:
    • Coordinating the execution and return of confidentiality agreements and contracts
    • Receiving file data and offering materials and logging deals into database
    • Collecting seller survey feedback and gathering due diligence information
    • Assisting with the preparation and circulation of closing forms and deal approval memos
    • Preparing deal binders and facilitating the timely closing of transactions
    • Communicating deal and contact information to internal and external associates
    • Assisting with the preparation of portfolio descriptions
    • Updating and indexing documentation from deal binders into database
Aid in the organization, development and coordination of department procedures and workflow. Make recommendations for process improvement. Collaborate with external and internal partners. Maintain database of bids due to insure all deals are analyzed in a timely basis and bid deadlines met. Gather information on bid outcomes and log into database. Track competitor activities and collect data to identify current industry trends. Analyze internal collection results for trends and data relationships. Identify and produce accurate ad hoc analysis as required by Acquisitions department. Aid Acquisitions relationship managers in coordinating industry conferences and client visits by organizing and preparing marketing materials, planning travel and events and assisting in scheduling.

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE: Bachelor's degree, with background in accounting, finance, business or quantitative methods desired. MBA preferred, but not required. 2 -4 year of related and pertinent work experience. Must be skilled in use of spreadsheets, databases and computerized modeling. Demonstrated proficiency in Excel. Must have effective organizational, communication, time-management and interpersonal skills and high attention to detail. Must be able to handle multiple projects/tasks simultaneously while meeting deadlines.

MATHEMATICAL SKILLS: Able to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages and other business math skills commonly used in the financial industry sector. Able to apply related mathematical concepts to analyze data and computerized modeling reports.

REASONING ABILITY: Able to define problems, collect data, establish facts and draw valid conclusions. Able to interpret an extensive variety of financial information in mathematical, written or diagram form and provide accurate analysis of the information. Able to develop, improve and standardize procedures. Able to consult with supervisors, technology staff, consultants, clients and vendors to define problems, develop solutions and successfully value portfolios for collections.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions to this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate; employee works in an office environment and may be required to share work space with others while computer equipment, printers, telephones and other business equipment is in operation. May be required to work evenings and weekends as required and able to work flexible hours to meet established deadlines.

TRAVEL REQUIREMENTS: May be required to travel via car or airplane to visit clients, prospects, and attend industry events.

We offer a competitive salary to commensurate with experience, as well as an attractive set of benefits to our valued employees. Join our family friendly region while you build a dynamic career with an exciting, growing company. All applicants must successfully pass drug screen and background. Equal Opportunity Employer.

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PRA Group (Nasdaq: PRAA) is a world leader in acquiring non-performing consumer debt. The companies of PRA Group return capital to global...