Full-Time

Bankruptcy Production Specialist II

Posted on 11/15/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Goldsboro, NC, USA

Category
Legal
Legal & Compliance
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 trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. 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

24%

1 year growth

38%

2 year growth

74%
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.

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