What are the responsibilities and job description for the Creditor's Rights Paralegal position at Trueline Talent?
Trueline's client, a well-established Iowa law firm with a diverse legal practice and a strong reputation for client service, is seeking a Creditors' Rights Paralegal to join their team in Cedar Rapids, Iowa. This role is ideal for an experienced collections or litigation paralegal who can manage creditor-side matters, work directly with debtors and creditors, and help move cases through the full collections and litigation process. The position offers a $60,000-$80,000 base salary plus a 2% bonus on collections, creating significant earning potential for a high-performing professional.
What You'll Do as the Creditors' Rights Paralegal
- Serve as a primary point of contact for debtors, including confirming identity, providing required disclosures, documenting calls, and handling payment-related conversations
- Manage debtor information, case activity, payment history, and notes within the firm's collections case management system
- Establish payment plans and process payment authorizations
- Review debtor payments and prepare regular payment and collection reports
- Negotiate settlements and prepare settlement agreements
- Coordinate trial settings, judgment debtor examinations, hearings, and trial preparation
- Prepare attorneys for hearings and trials by organizing files, documents, and case information
- Review files for suit and support the administrative process of filing collection actions
- Draft complaints, petitions, praecipes, wage garnishments, discovery requests, summary judgment motions, and affidavits of account
- Prepare and send demand letters and other collection correspondence
- Coordinate service fees and filing-related correspondence with sheriffs and other parties
- Communicate with creditors, forwarders, and other collection-related stakeholders
- Accept and process forwarder claims
- Maintain case calendars and docket deadlines related to demands, appeals, pleadings, hearings, and other litigation activity
- Maintain accurate case records and ensure files are complete and current
- Manage collection remittances and payment reporting on a daily, biweekly, and monthly basis
- Prepare deposits and coordinate banking activity for multiple firm accounts
- Retrieve and process firm mail and support other administrative functions related to collections operations
- Support the attorney and firm with additional creditors' rights and litigation-related projects as needed
Must-Haves as the Creditors' Rights Paralegal
- At least 5 years of experience in a legal, collections, creditors' rights, civil litigation, or closely related environment
- Strong understanding of collections, creditors' rights, litigation administration, or a similar legal practice area
- Ability to manage multiple deadlines, case files, and competing priorities with a high level of accuracy
- Strong written and verbal communication skills
- Ability to communicate professionally and respectfully with debtors, creditors, attorneys, courts, and other stakeholders
- Strong organizational skills and attention to detail
- Ability to work independently while collaborating closely with the attorney and firm staff
- Comfort handling confidential financial, legal, and client information
- A professional, personable, and collaborative approach to working with a predominantly female office team
Nice-to-Haves as the Creditors' Rights Paralegal:
- Previous experience with CLS, Commercial Legal Software, Collection-Master, or Vertican platforms
- Experience with other collections case management systems such as Q-Law or JST
- Experience with WordPerfect
- Experience with wage garnishments, judgment debtor examinations, creditor claims, or collection litigation
- Experience drafting pleadings, discovery, motions for summary judgment, or affidavits of account
- Experience working in a small or midsize law firm
- Paralegal education or an associate's or bachelor's degree in paralegal studies, accounting, business, or a related field
Our Client Offers:
- Base salary of $60,000-$80,000, depending on experience and qualifications
- 2% bonus paid on all collections generated through the firm's collection work
- Uncapped performance-based earning potential
- A compensation structure that can create substantial total earning potential for a high-performing professional
- Health insurance with approximately 50% of the employee's monthly premium paid by the
- firm401(k) plan with employer contributions
- Safe harbor retirement contribution after one year of employment
- Additional discretionary profit-sharing potential after the second year
- Strong PTO program
- A stable, locally owned law firm with a long-standing reputation in the market
- Opportunity to work with a respected and growing organization that continues to expand its regional presence
- A supportive, professional work environment with meaningful responsibility and autonomy
- The opportunity to play a central role in a high-volume creditors' rights and collections practice
Salary : $60,000 - $80,000