About the role
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
This Role 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 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
Text as published by Trueline. We don't edit postings; apply and ask questions on the employer's site.