Bankruptcy Analyst

Zurich NA • Schaumburg, IL • 1d ago

Bankruptcy Analyst

129927

Zurich is currently looking for a Bankruptcy Analyst to work out of our North American headquarters in Schaumburg, Illinois.

The Bankruptcy Analyst will perform complex finance operations tasks for bankrupt accounts that are referred to our Special Collections unit, including responsibilities for organizing and directing the Zurich North American Bankruptcy Action Teams, monitoring bankruptcy matters, filing bankruptcy Proof of Claims, and working with internal and external attorneys and the third party bankruptcy research vendor to ensure financial goals are being met and activities are in compliance with required policies and procedures. Responsibilities will include review of legal documents and participation in Bankruptcy Action Teams as our company representative. Other tasks will include the creation of payment and ultimate financial analyses, bad debt reserving and reporting, along with preparation of account receivables statements and payment application of collateral proceeds and receivable payments. This individual will ensure financial goals are being met and all actions are in compliance with our policies, procedures and our Code of Conduct.

Additional responsibilities will include:

Performing as an initial point of escalation for bankruptcy matters providing technical guidance and work direction

Responding to internal and external client's inquiries by providing technical advice in a professional, timely and accurate manner in complex situations

Proactively analyzing performance of key performance indicators and communicate status and issues to management

Demonstrating an understanding of the customer's needs, reviews process and procedures; recommend and implement continuous improvement

Leading and collaborating on moderately complex ad hoc projects

Reviewing legal documents, participation as Zurich's representation and/or witness, negotiation of settlements

Handles filing of proof of claim on complex loss sensitive programs

Monitors the instruments of security to maximize collections

Establishes bad debt reserves

Collecting, reconciling, invoicing and minimizing outstanding balances and delinquencies to assigned accounts

Handling complex accounts (loss sensitive products, loss fund components)

Identify and resolve problems, verify accuracy of processed transactions, reconcile and perform duties per defined procedures

Provide guidance and support and deliver training to educate team members and increase awareness of existing or new policies and procedures to optimize performance and increase compliance within process or product area

Provide administrative support to local team and participate in projects, as assigned.

Basic Qualifications:

Bachelor's degree and 5 or more years of experience in the Finance Operations areaOR

High School Diploma or Equivalent and 7 or more years of experience in the Finance Operations area

Preferred Qualifications:

Experience with legal collections

Experience in finance terminology and practices

Strong verbal and written communication skills

Strong quantitative and analytical skills

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us. The proposed Salary range for this position is $71,100.00 - $116,500.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here .]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future-for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-GR1 #LI-ASSOCIATE #LI-HYBRID

EOE Disability / Veterans

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