Creditors Rights Paralegal

US·Cedar Rapidsmid

Legal & ComplianceParalegal

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Quick Summary

Key Responsibilities

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,

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Legal & ComplianceParalegal

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.

Responsibilities

~2 min read

→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

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

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

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 firm
401(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