We are looking for a detail-oriented Paralegal to join our team in Downers Grove, Illinois in a Contract position. This role focuses on supporting legal recovery efforts by managing collection matters involving litigation, bankruptcy, and related legal proceedings. The ideal candidate will work closely with clients, outside counsel, and internal partners to move cases forward efficiently while maintaining accurate documentation and compliance throughout the process.

Responsibilities:

• Manage a portfolio of legal collection matters and advance recovery efforts through court action, insolvency proceedings, negotiated resolutions, and other appropriate legal channels.
• Work alongside senior legal recovery leadership to assess complex cases, shape recovery strategies, and support decisions related to attorney engagement and portfolio direction.
• Examine contracts, invoices, guarantees, credit files, and related records to determine claim strength and identify documentation needed for legal action.
• Partner with clients and internal account teams to gather, organize, and prepare materials required for attorney referral, filings, and other legal proceedings.
• Coordinate day-to-day communication with external counsel, bankruptcy trustees, and other legal professionals to keep matters progressing on schedule.
• Track litigation milestones, judgments, enforcement activity, and bankruptcy developments, and provide timely status updates to clients and internal stakeholders.
• Prepare and monitor bankruptcy proof of claim submissions, follow case activity, and record distributions or dividend payments as they are received.
• Review invoices from law firms and legal vendors, confirm billing accuracy, and help monitor legal spend against approved budgets.
• Maintain complete case records and ensure collection activity is handled in accordance with applicable laws, regulations, and company standards.
• Build strong working relationships with domestic and international clients while contributing to vendor reviews, due diligence activities, and performance tracking for external legal providers.