Full-Time
Legal Records Clerk
Custodian of Records
PRA Group
1,001-5,000 employees
Global debt-collection and nonperforming loan acquisition
Compensation Overview
$16.88 - $25.34/hr
No H1B Sponsorship
Norfolk, VA, USA
In Person
Travel within and outside the state is required; overnight stays may be necessary.
Associate's
 Legal (1) |
|---|
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- An Associate’s Degree in a business-related field is preferred, or an equivalent amount of related experience is required.
- One to three years of related experience is preferred.
- Proficiency with Microsoft Windows, Microsoft Office software, and the internet is required.
- The ability to work independently under general supervision is required.
- The ability to handle multiple projects and tasks simultaneously is required.
- Proficient knowledge of the Fair Debt Collection Practices Act and Fair Credit Reporting Act is required.
- A valid driver’s license is required.
- The ability to travel within and outside the state, including overnight stays when necessary, is required.
- Understand the various company departments and the flow of accounts purchased by the company.
- Review accounts and underlying documentation within the legal and bankruptcy process to ensure filing accuracy.
- Review documents and affidavits for correctness and accuracy before endorsing on behalf of the company.
- Represent the company at court hearings and depositions as a witness or corporate representative, as necessary and appropriate in consultation with the handling attorney.
- Ensure compliance with applicable laws, regulations, and company policies across all areas of organizational responsibility.
- Complete the Fair Debt Collection Practices Act assessment and computer-based training annually.
- One to three years of related experience.
- Excellent writing, communication, and interpersonal skills.
- Good organizational skills and high attention to detail.
PRA Group is a global leader in acquiring and collecting nonperforming loans that helps banks and other creditors recover capital and expand financial services for consumers. The company buys delinquencies from lenders and then works with customers to resolve their debt through its collections and recovery services, serving business clients as well. Its operation relies on thousands of employees worldwide who emphasize fair treatment, diversity, and community involvement as part of its culture. Unlike smaller collectors, PRA Group combines large-scale operations with a focus on responsible debt resolution and broad revenue and recovery services. The company aims to return capital to lenders, support the growth of financial services for consumers, and strengthen communities through corporate giving and volunteerism.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Norfolk, Virginia
Founded
1996
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See people who can refer or advise you
Simplify's Take
What believers are saying
- Q2 2026 EPS reached $1.51, crushing consensus and lifting revenue 29%.
- Management cut over 215 corporate roles since 2025, targeting $35 million annualized savings.
- April 2026 European refinancing extended €730 million debt to April 2031, easing liquidity pressure.
What critics are saying
- CFPB opposes PRA’s April 2026 bid to undo the 2023 consent judgment.
- U.S. legal collections drove half of core cash collections, exposing PRA to court economics.
- A stricter judgment or enforcement surge can choke portfolio returns and crush valuation.
What makes PRA Group unique
- PRA Group spans Americas, Europe, and Australia, buying nonperforming loans at scale.
- Its Q2 2026 ERC hit $8.9 billion after a $349 million Europe review.
- PRA launched a U.S. cloud omnichannel platform and runs one remaining U.S. call center.
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Benefits
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Company News
PRA Group (NASDAQ:PRAA) rating lowered to buy at Wall Street Zen. September 5, 2026 Key points. * Wall Street Zen downgraded PRA Group from "strong buy" to "buy," while broader analyst coverage remains mixed; MarketBeat reports a consensus "hold" rating and a $26 target price. * PRA Group reported quarterly EPS of $1.51, beating the $0.52 consensus estimate, and revenue of $372.17 million versus expectations of $299.99 million. * The stock opened at $19.02, up 0.2%, with a market capitalization of approximately $716.1 million; institutional investors own 97.22% of outstanding shares. * MarketBeat previews the top five stocks to own by October 1st. PRA Group (NASDAQ:PRAA - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports. A number of other equities research analysts have also issued reports on PRAA. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PRA Group in a report on Wednesday, June 24th. Zacks Research raised shares of PRA Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.00. PRA Group stock up 0.2%. NASDAQ PRAA opened at $19.02 on Friday. The firm has a market cap of $716.10 million, a price-to-earnings ratio of -2.83 and a beta of 1.11. The business has a 50-day moving average price of $18.51 and a 200-day moving average price of $17.45. PRA Group has a twelve month low of $10.25 and a twelve month high of $22.55. PRA Group (NASDAQ:PRAA - Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.99. The firm had revenue of $372.17 million during the quarter, compared to analysts' expectations of $299.99 million. PRA Group had a positive return on equity of 15.56% and a negative net margin of 19.91%. Research analysts expect that PRA Group will post 3.93 EPS for the current fiscal year. Institutional inflows and outflows. A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its position in PRA Group by 2,084.8% in the second quarter. California State Teachers Retirement System now owns 793,459 shares of the business services provider's stock worth $15,068,000 after purchasing an additional 757,141 shares during the last quarter. AXQ Capital LP bought a new position in PRA Group during the second quarter valued at $263,000. Headlands Technologies LLC lifted its position in PRA Group by 34.0% during the second quarter. Headlands Technologies LLC now owns 16,490 shares of the business services provider's stock valued at $313,000 after purchasing an additional 4,185 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of PRA Group by 288.0% in the 2nd quarter. Susquehanna International Group LLP now owns 200,848 shares of the business services provider's stock worth $3,814,000 after buying an additional 149,078 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of PRA Group by 91.2% in the 2nd quarter. Hsbc Holdings PLC now owns 123,822 shares of the business services provider's stock worth $2,275,000 after buying an additional 59,071 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors. About PRA Group. PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors. Discover more EV market analysis investment The company's core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider PRA Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PRA Group wasn't on the list. While PRA Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you'll find 7 stocks that could play a major role in the next tech-driven market boom.
PRA Group to present at the 2026 Midwest IDEAS Conference on Wednesday, August 26. Aug 20, 2026, 16:05 ET NORFOLK, Va., Aug. 20, 2026 /PRNewswire/ - PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loan portfolios, announced today that management is scheduled to present to investors attending the 2026 Midwest IDEAS Conference in Chicago, Illinois, on Wednesday, August 26, 2026 at 11:15 a.m. Central time. A webcast of the presentation and the accompanying slides will also be available at PRA's investor relations website, https://ir.pragroup.com/events-and-presentations. To schedule a one-on-one meeting, request an invitation or receive additional information, please contact PRA Group's investor relations at [email protected] or 757-431-7913. About PRA Group As a global industry leader with more than 30 years of experience, PRA Group, Inc. (Nasdaq: PRAA) specializes in acquiring and collecting nonperforming loans. PRA Group purchases portfolios from banks and other creditors and, through its subsidiaries, collaborates with customers to help them resolve their debt. Headquartered in Norfolk, Virginia, PRA Group has operations in the U.S., Europe, and other markets. For more information, please visit www.pragroup.com. Investor Contact: Najim Mostamand, CFA Vice President, Investor Relations (757) 431-7913 [email protected] SOURCE PRA Group, Inc.
Power Moves: Newmark, Rocktop, BankSouth and others make newsworthy announcements. The summer season has seen its fair share of hires, promotions, board appointments and retirements * August 14, 2026 After nearly 50 years, Barry Gosin is calling it a career at Newmark Group. The CEO of the commercial real estate advisory will step down on Dec. 31 after serving in that capacity since 1979. Gosin has agreed to continue as chairman of affiliated operating company Newmark & Co. through 2029. Newmark's board of directors hasn't named a CEO successor but expects to do so by year-end. Mortgage intelligence company Rocktop Technologies has appointed Jason Vinar as chief investment officer and head of Rocktop Capital Advisors, the firm's capital markets business. Formerly chief operating officer at Two Harbors Investment Corp., where he actively managed the portfolio of RoundPoint Mortgage Servicing, Vinar will assume responsibilities for Rocktop Capital Advisors' mortgage servicing rights valuation, hedge advisory services and strategic focus. Erin Dee has joined BankSouth Mortgage as senior vice president and chief innovation officer, where she will focus on initiatives related to artificial intelligence adoption and workflow modernization. Most recently the chief operating officer of InterLinc Mortgage, Dee previously served as president of the Texas Mortgage Bankers Association. She is a current member of the MBA's Residential/Single Family Board of Governors (RESBOG) and also serves on the boards of The Mortgage Collaborative and the American Valuation Society. Farmer Mac, a secondary market provider for agricultural real estate and housing loans, has appointed Nader Pasdar as executive vice president and chief business officer, effective Aug. 17. Pasdar was previously CEO of Rabo Securities and served as managing director and head of North American markets for Rabobank. Varun Krishna, who has served as CEO of Rocket Companies since 2023, has joined the board of Southwest Airlines. Southwest cited Krishna's "deep expertise in digital products, innovation and customer engagement" in its announcement. Prior to joining Rocket, he held senior roles at Intuit, PayPal, Groupon and Microsoft. Invesco Mortgage Capital announced that Peter Graham has joined its board of directors. Graham is co-president and chief financial officer of student loan provider Sallie Mae and formerly held senior finance roles at PRA Group and General Electric. Sandler Law Group, a provider of legal and support services to residential mortgage lenders, announced that Peter Idziak has joined the firm as partner-in-charge. Idziak, who specializes in regulatory compliance and consumer financial law, previously spent seven years at Polunsky Beitel Green LLP, where he was promoted to principal in May. Equity Prime Mortgage announced the return of David Abrahamson as chief risk officer. Abrahamson previously served as chief operating officer at EPM from 2010 to 2020. Since then, he has held senior roles at American Bancshares Mortgage, First Option Mortgage, Mortgage Equity Partners and Mortgage Solutions of Georgia. In his new role, he will strengthen EPM's risk management framework and provide oversight of its credit, underwriting, regulatory and investor-related functions. Get these articles in your inbox. Planet has hired Greg Thomas as an area sales manager in Fort Wayne, Ind., where he will be tasked with leading retail growth across Indiana, Ohio and Michigan. Thomas has 20 years of originating experience under his belt - including specialties in government lending, renovation financing, new construction and self-employed borrower loans. He will operate under the GO Home Mortgage banner. Certainty Home Lending has hired Bryan Ingenito as executive vice president and national operations executive. A nearly 30-year mortgage industry veteran, Ingenito is based in the Charlotte, N.C., metro area. New American Funding has added originators Shane Masterman and Christian Johnson, whose jointly run venture is called Cantera Home Lending. Based in the Dallas-Fort Worth area, the pair have nearly 50 years of combined industry experience. Atlantic Coast Mortgage has added Keith Cross as senior vice president of builder relations. A former sales and operations leader at Beazer Homes, Cross will work with the company's loan officers to develop builder resources and collaborations with home building partners. Potomac Bank Residential Lending has hired Gail Moxley as senior vice president and senior mortgage loan officer. Moxley brings 25 years of experience from her career at CNB Bank, where she worked in commercial lending, residential lending, retail and collections. Argyle, a provider of automated income and employment verifications for lenders, has promoted John Hardesty to chief revenue officer and Daniel Esquibel to vice president of mortgage. Hardesty previously served as senior vice president of revenue and Esquibel was the company's director of strategic sales and partnerships. Correspondent warehouse funder FirstFunding Inc., a subsidiary of title insurance giant First American Financial Corp., announced the retirement of Jim Dunkerley after 23 years of service. Dunkerley founded FirstFunding in 2003 and stewarded the company through its acquisition by First American in 2018.
One call center left: inside PRA Group's Q2 transformation. PRA Group reported second quarter revenue of $372 million, up 29% year over year, and net income of $58 million, or $1.51 per diluted share, in results announced yesterday. The company announced that its physical footprint is nearly gone. PRA now runs a single U.S. call center, down from seven in 2023, after closing two more sites during the quarter and moving those operations to a work-from-home model. The company also consolidated its two offshore third-party collection sites into one location, which executives said is performing at target levels. A second wave of cost cuts eliminated 100 U.S. corporate and overhead roles plus 35 offshore positions, expected to generate roughly $20 million in annualized net savings. Since the start of 2025, PRA has cut more than 215 corporate and overhead roles, a reduction of more than 25%, along with more than 575 call center positions. Cash collections and earnings grew throughout. Where did the work go? Two places. First, digital: nearly half of new payment plans created during the quarter came through the digital channel, and communication expense dropped 19% as the company pulled back on letters. PRA launched its cloud-based omnichannel contact platform in the U.S. last month, unifying voice, digital, chat, and email in a single system for agents. A dedicated AI team based in Charlotte now oversees global AI initiatives targeting automation, analytics, and back-office productivity. Second, legal. U.S. legal cash collections grew 26% to $150 million and now represent more than half of all U.S. core cash collections, the payoff from court cost investments made in prior periods. Executives stressed that legal is not the preferred channel and comes only after extended outreach through other channels for consumers with an ability to pay. Legal cost growth is expected to moderate in 2026 after running at 40% in 2024 and 30% in 2025. Total U.S. cash collections grew 6%, outpacing the company's overall 4% growth to $559 million. On the buying side, U.S. core purchases came in at $90 million for the quarter, and CEO Martin Sjolund described the U.S. supply environment as stable and competitive, with the company holding to its return hurdles rather than volume targets. U.S. purchase price multiples ticked up to 2.17 in the quarter, which Sjolund characterized as a normalization after Q1 buying skewed toward lower-multiple, lower-cost segments.
PRA Group Inc. (NASDAQ: PRAA) amended and extended its European Credit Agreement on April 30, with the maturity date for the 730 million facility now set for April 2031, according to a company...