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Job description
Bankruptcy & Legal Specialist
Join our team as a Bankruptcy & Legal Specialist at IHMVCU!
We are committed to providing exceptional financial services to our members and community. We believe in fostering a collaborative and supportive work environment where every team member can thrive. This position is located at our headquarters on River Drive in Moline, Illinois, featuring a comfortable office environment and an on-site fitness center.
Summary of Position:
As a Bankruptcy & Legal Specialist, you will oversee bankruptcy accounts from initial notification through dismissal, discharge, or other resolution. You will review filings, monitor deadlines, prepare and submit required documentation, and work closely with attorneys, trustees, members, and internal teams to protect the credit union's interests while ensuring all actions comply with bankruptcy laws and regulations.
This position will primarily focus on Chapters 7, 11, and 13 bankruptcy cases. You will also provide backup support to other areas of the Legal team as needed, including deceased member accounts, levies, garnishments, vehicle repossessions, and collateral recovery.
This role is ideal for someone who exercises sound independent judgment, communicates effectively, maintains thorough documentation, and enjoys resolving complex, time-sensitive situations.
The successful candidate should have following skills/qualifications:
High school diploma or equivalent required; college coursework in business, finance or law preferred
3+ years of experience in bankruptcy servicing, collections, legal recovery, or related areas
Strong knowledge of bankruptcy laws and processes, including Chapters 7, 11 and 13
Strong communication skills, including negotiation and conflict resolution
Experience working with legal professionals, trustees, vendors and financial systems
Ability to analyze complex cases, manage required deadlines, and take timely, compliant action
Detail-oriented, resourceful, and comfortable working independently on time-sensitive matters
Key Responsibilities:
Process incoming bankruptcy notices, complete required system updates, and communicate time-sensitive information to internal and external stakeholders.
Manage Chapter 7, 11, and 13 bankruptcy accounts from initial filing through dismissal, discharge, or other resolution.
Review petitions, schedules, plans, and notices to evaluate financial information, collateral, claim treatment, and potential concerns requiring escalation.
Prepare and file Proofs of Claim, reaffirmation agreements, and other required documents within court-mandated timeframes.
Monitor case activity, including payments, trustee objections, court deadlines, collateral protection, and the execution of required documents.
Coordinate with attorneys, trustees, courts, members, and internal departments; refer accounts to outside counsel.
Maintain accurate case records and reporting related to bankruptcy filings, case status, reaffirmation rates, charge-offs, and recoveries.
Support other Legal team functions as needed, including deceased member accounts, levies, garnishments, repossessions, and collateral recovery.
Why Join IHMVCU?
Being part of Team IHMVCU is more than just a job. It's an opportunity to make a positive impact on our members, our communities, and your career.
We offer:
Outstanding training, support, and resources to help you succeed.
Competitive compensation.
401(k) with company match and profit sharing.
Paid holidays and generous paid time off.
Tuition reimbursement.
Paid community volunteer opportunities.
Comprehensive health, dental, and vision insurance.
Access to our on-site fitness center.
Check out our careers page for more information including benefits . Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.
Move Up your career at IHMVCU with this great opportunity!
Physical Requirements
Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
Lifting Demands: Up to 10 lbs.
Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
Worksite address
moline, IL, 61266, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.