Law - Paralegal

A well-established Iowa law firm with a diverse legal practice and a strong reputation for client service is seeking a Creditors' Rights Paralegal to join their team in Cedar Rapids, Iowa. This role is ideal for an experienced collections or litigation paralegal who can manage creditor-side matters, work directly with debtors and creditors, and help move cases through the full collections and litigation process. The position offers a $60,000-$80,000 base salary plus a 2% bonus on collections, creating significant earning potential for a high-performing professional.

What You'll Do as the Creditors' Rights Paralegal:

Serve as a primary point of contact for debtors, including confirming identity, providing required disclosures, documenting calls, and handling payment-related conversations

Manage debtor information, case activity, payment history, and notes within the firm's collections case management system

Establish payment plans and process payment authorizations

Review debtor payments and prepare regular payment and collection reports

Negotiate settlements and prepare settlement agreements

Coordinate trial settings, judgment debtor examinations, hearings, and trial preparation

Prepare attorneys for hearings and trials by organizing files, documents, and case information

Review files for suit and support the administrative process of filing collection actions

Draft complaints, petitions, praecipes, wage garnishments, discovery requests, summary judgment motions, and affidavits of account

Prepare and send demand letters and other collection correspondence

Coordinate service fees and filing-related correspondence with sheriffs and other parties

Communicate with creditors, forwarders, and other collection-related stakeholders

Accept and process forwarder claims

Maintain case calendars and docket deadlines related to demands, appeals, pleadings, hearings, and other litigation activity

Maintain accurate case records and ensure files are complete and current

Manage collection remittances and payment reporting on a daily, biweekly, and monthly basis

Prepare deposits and coordinate banking activity for multiple firm accounts

Retrieve and process firm mail and support other administrative functions related to collections operations

Support the attorney and firm with additional creditors' rights and litigation-related projects as needed

Must-Haves as the Creditors' Rights Paralegal:

At least 5 years of experience in a legal, collections, creditors' rights, civil litigation, or closely related environment

Strong understanding of collections, creditors' rights, litigation administration, or a similar legal practice area

Ability to manage multiple deadlines, case files, and competing priorities with a high level of accuracy

Strong written and verbal communication skills

Ability to communicate professionally and respectfully with debtors, creditors, attorneys, courts, and other stakeholders

Strong organizational skills and attention to detail

Ability to work independently while collaborating closely with the attorney and firm staff

Comfort handling confidential financial, legal, and client information

A professional, personable, and collaborative approach to working with a predominantly female office team

Nice-to-Haves as the Creditors' Rights Paralegal:

Previous experience with CLS, Commercial Legal Software, Collection-Master, or Vertican platforms

Experience with other collections case management systems such as Q-Law or JST

Experience with WordPerfect

Experience with wage garnishments, judgment debtor examinations, creditor claims, or collection litigation

Experience drafting pleadings, discovery, motions for summary judgment, or affidavits of account

Experience working in a small or midsize law firm

Paralegal education or an associate's or bachelor's degree in paralegal studies, accounting, business, or a related field

This Role Offers:

• Base salary of $60,000-$80,000, depending on experience and qualifications
• 2% bonus paid on all collections generated through the firm's collection work
• Uncapped performance-based earning potential
• A compensation structure that can create substantial total earning potential for a high-performing professional
• Health insurance with approximately 50% of the employee's monthly premium paid by the firm
• 401(k) plan with employer contributions
• Safe harbor retirement contribution after one year of employment
• Additional discretionary profit-sharing potential after the second year
• Strong PTO program
• A stable, locally owned law firm with a long-standing reputation in the market
• Opportunity to work with a respected and growing organization that continues to expand its regional presence
• A supportive, professional work environment with meaningful responsibility and autonomy
• The opportunity to play a central role in a high-volume creditors' rights and collections practice