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Full-Time

Bankruptcy Production Specialist II

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Richmond, VA, USA

1 day remote/4 days onsite at posted location.

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
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
Responsibilities
  • Research bankruptcy case information utilizing U.S. Bankruptcy Court web sites and other third party resources.
  • Thorough knowledge of federal bankruptcy forms and how to complete them accurately by pulling needed information for loan systems and/or account documentation.
  • Communicate in verbal or written communication with attorneys and Bankruptcy Trustees as directed.
  • Bankruptcy Phone Team teammates require exceptional communication skills and the ability to show empathy in difficult situations.
  • Collect and compile information, data, and forms for management of bankrupt accounts.
  • Accurately update applicable loan systems with correct bankruptcy coding to ensure all bankruptcy legislation is adhered to.
  • Maintain a working knowledge of bankruptcy law and codes.
  • Maintain positive working relationships between peers and managers as well as clients, court personnel, attorneys, trustees, and other internal partners.
  • Train other Bankruptcy Production Specialists on current best practices. Includes training of new teammates into Bankruptcy Management.
  • Meet/exceed all performance metrics established by Bankruptcy and Default Management.

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 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, monetizing through a custodian service that helps RIAs reduce overhead costs. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

5%

1 year growth

19%

2 year growth

46%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.