Apply on Employer Site

Zurich Insurance · 1 day ago

Bankruptcy Analyst

Schaumburg, IL

Full-time

Hybrid

Mid, Senior Level

$71K/yr - $116K/yr

5+ years exp

Zurich Insurance is seeking a Bankruptcy Analyst to join their North American headquarters in Schaumburg, Illinois. The role involves managing complex finance operations for bankrupt accounts, coordinating with legal teams, and ensuring compliance with policies while meeting financial goals.

Financial ServicesInsuranceProductivity Tools

Comp. & Benefits

No H1B

Responsibilities

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 communicate status and issues to management

Demonstrating an understanding of the customer’s needs, reviews process and procedures; recommend and implement 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

Handles filing of proof of claim on complex loss sensitive programs

Monitors the instruments of security to maximize collections

Establishes bad debt reserves

Collecting, reconciling, invoicing and minimizing outstanding balances and delinquencies to assigned accounts

Handling complex accounts (loss sensitive products, loss fund components)

Identify and resolve problems, verify accuracy of processed transactions, reconcile and perform duties per defined procedures

Provide guidance and support and deliver 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

Provide administrative support to local team and participate in projects, as assigned

Qualification

Finance OperationsLegal CollectionsQuantitative AnalysisAnalytical SkillsCommunication Skills

Required

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

Preferred

Experience with legal collections

Experience in finance terminology and practices

Strong verbal and written communication skills

Strong quantitative and analytical skills

Benefits

Short-term incentive bonus eligibility set at 10%

Competitive pay and comprehensive benefits for employees and their families

Company

Zurich Insurance

Glassdoor4.2

Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.

Founded in 1872

Zürich, Zurich, CHE

10001+ employees