The Opportunity

Responsible for application, verification and reporting of incoming client receipts in compliance with Accounting Department’s operational procedures.

•           Responsible for accurate application of client receipts in the Firm’s Accounting system.

•           Work on other cash receipts/accounts receivable projects with collection and billing staff including client payment histories and other analyses including follow-up on missed invoices, partial payments.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

•           Preparation of daily cash list for distribution to Management and  Finance & Accounting team

•           Deposit/scanning of all incoming checks 

•           Identify clients' remittances and post payments to the correct client/matter and invoice numbers

•           Daily accounting system application of client payments received via check/cash, wire/ACH

•           Reconcile cash receipts to deposits and daily wires posted to Firm bank accounts

•           Work closely with collection and billing staff to ensure correct application of client payments

•           Able to recognize and research issues relating to short payments, deductions and/or returned checks with collection/billing groups

•           Process approved accounts receivable write-off requests from billing attorneys

•           Apply on account funds to outstanding invoices as requested by billing department

•           Research and resolve all unapplied cash accounts weekly to general ledger reports

•           Maintain an organize cash receipts records and files for research/client audit letter requests

•           Prepare daily cash balance report for distribution to management.

SALARY: $55,000-$65,000

Team

Full time

Location

New York

Contract type

Permanent Contract

Diversity & Inclusion

We are committed to attracting people from all backgrounds and creating a respectful and inclusive culture where everyone thrives. We see this as essential to our success, including our ability to innovate and achieve sustained high performance. This is a key part of our Values—Human, Bold, and Outstanding.