Full-Time

Bankruptcy Production Specialist II

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Entry, Junior

Richmond, VA, USA

1 day remote/4 days onsite at posted location.

Category
Risk Management
Finance & Banking
Requirements
  • High School diploma or equivalent
  • 18 months of bankruptcy experience and/or...
  • Mastery of all skills expected at the Bankruptcy Production Specialist I role
  • Strong communications and analytical skills
  • Understanding of bankruptcy procedures
  • Exceptional when participating in a team environment
  • Excellent verbal and written communication skills
  • Associate's paralegal degree or two years of legal secretarial or bankruptcy paralegal training (Preferred)
  • Prior experience working in a banking or corporate office environment (Preferred)
Responsibilities
  • Responsible for processing bankruptcy information from the U.S. Bankruptcy Courts, Clients, Attorneys, and/or Trustees.
  • Review and process accounts/cases through reports or queues in Workflow systems.
  • Conduct research when needed or upon the direction of Management and/or Bankruptcy Officers.
  • Thoroughly notate case and account statuses systematically to ensure all internal parties understand case dispositions.
  • Understand the importance of risk mitigation practices and follow all internal guidelines to ensure the bankruptcy laws are adhered to.
  • Ensure Proofs of Claim are filed accurately and timely.
  • Assist in the preparation and filing of bankruptcy motions.
  • Prepare reaffirmation agreements as appropriate.
  • Process daily mail and work critical event reports that are applicable to Truist accounts.
  • Research loan documentation issues, loan balances, payments, charges and customer liability on all loan systems.
  • If on the Bankruptcy Phone Team, take inbound calls from clients, attorneys, trustees, and other internal departments.
  • Appropriately and accurately take calls and interpret client/third party needs.
  • Complete tasks adhering to internal and bankruptcy guidelines.
  • Communicate clearly and thoroughly with all parties.
  • Bankruptcy Operations Team members exhibit mastery of Bankruptcy Production Specialist I role.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free fractional share trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at a lower cost. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service. The goal is to help RIAs grow their businesses and enhance client experiences.

Company Size

501-1,000

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

9%

1 year growth

4%

2 year growth

2%
Business Wire
Oct 2nd, 2024
LaSalle Vaughn Joins Altruist as Chief Compliance, Ethics, & Risk Officer

Vaughn joins Altruist from Bestow, where he served as Chief Compliance, Ethics, and Risk Officer, leading teams that mitigated regulatory risk for online insurance products.

Wealth Management
Sep 24th, 2024
Altruist Adds Digital Fixed Income Trading to Platform

RIA custodian Altruist has launched fully digital fixed-income trading for advisors.

Arena Investor
Aug 29th, 2024
Announcement: Arena Investor Partners with Altruist

Announcement: Arena Investor partners with Altruist.

Wealth Management
May 2nd, 2024
Altruist Raises $169M in Latest Funding Round

Yoonkee Sull, general partner at ICONIQ Growth, will join Altruist's board of directors as a result.

Finsmes
May 2nd, 2024
Altruist Raises $169M in Series E Funding

Altruist, a Los Angeles, CA-based custodian for independent RIAs, raised $169M in Series E funding

INACTIVE