Settlement Specialist

Phoenix, AZ 85005

Post Date: 05/09/2018 Job ID: 27251 Category: Professional

Job Summary:
  • Work with internal and external customers to finalize Promissory Notes, Settlement Agreements, and write-offs.
  • Handle administrative and financial functions related to bankruptcies.
  • Includes drafting/modifying/reviewing document language, perfecting any security interests, and completing related documentation to fulfill policy and audit requirements.
  • Work with various internal departments to facilitate any necessary adjustments to the AR resulting from settlement agreements.
  • Monitor the performance of Promissory Notes/Settlement Agreements, which includes collections efforts, and formal notice/documentation.
  • Manage outsourcing of accounts to third party collection vendors, and monitor performance of those vendor.
  • Provide monthly metrics to management.

Key Responsibilities:
  • Assist in negotiating/documenting Promissory Notes and Settlement Agreements including but not limited to Promissory Notes, Security Agreements, Personal Guarantees, Settlement and Release Agreements, etc.
  • Work with various internal departments to facilitate adjustments to the AR as necessary.
  • Complete and circulate for various approvals the CRAF s and maintain original records for safe keeping.
  • Perfect any security interest as necessary such as facilitating the filing of UCC s.
  • Monitor the performance of Promissory Notes and Settlement Agreements which includes collection efforts by contacting the facilities upon any delinquency to collect the outstanding balances, send formal demand notices upon a default, send payoff letters when the final payment is due and terminate any security interests as necessary upon payment in full.
  • Maintain monthly reports of the portfolio and circulate as necessary to appropriate parties.
  • Assist management team with projects as needed.


Minimum Qualifications:
  • Bachelor s degree (B.A.) from four-year college or university in Finance or Accounting; three to five years related experience and/or training; or equivalent combination of education and experience.
  • Above average skills to propose solutions.
  • Excellent grammar and writing skills.
  • Strong Microsoft office skills, including Excel, Word and PowerPoint.
  • Experience in working in a fast-paced environment; ability to balance multiple priorities while meeting deadlines.
  • Ability to maintain confidentiality.


Preferred Qualifications:
  • Bachelor s degree (B.A.) from four-year college or university in Finance or Accounting; three to five years related experience and/or training.
  • Basic understanding of legal terminology.
  • Experience in the healthcare industry; knowledge of long-term care is desirable.

For more information, please contact us at 877-782-3334.

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