Bankruptcy Analyst

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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.

The 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.

• 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 communicating status and issues to management
• Demonstrating an understanding of the customer’s needs, reviewing process and procedures; recommending and implementing 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
• Handling filing of proof of claim on complex loss-sensitive programs
• Monitoring the instruments of security to maximize collections
• Establishing bad debt reserves
• Collecting, reconciling, invoicing and minimizing outstanding balances and delinquencies to assigned accounts
• Handling complex accounts (loss-sensitive products, loss fund components)
• Identifying and resolving problems, verifying accuracy of processed transactions, reconciling and performing duties per defined procedures
• Providing guidance and support and delivering 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
• Providing administrative support to local team and participating in projects, as assigned

• Bachelor’s degree and 5 or more years of experience in the Finance Operations area OR
• High School Diploma or Equivalent and 7 or more years of experience in the Finance Operations area

• 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 - $, 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.]

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.

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