Direct Hire Accounts Receivables Specialist with Legal/Law Firm Background

LHH
Chicago, Illinois
$65K-$85K a year
Permanent

LHH Recruitment Solutions is always on the lookout for Accounts Receivables Professionals who have law firm or professional services experience for our legal clients for openings that we anticipate they will have in the near future.

Key Competencies :

  • Attention to Detail and Accuracy : Thoroughness in recording posting revenues, and verifying account details is crucial to maintaining an up-to-date billing system.
  • Good Verbal and Written Communication Skills : Effective communication is necessary when resolving discrepancies, contacting department heads, and providing updates to practice group leaders.
  • Organizational Skills : Ability to keep track of unpaid invoices, and maintain organized invoice accounts.
  • Sense of Urgency : Timely generation of monthly commercial billing, late fees, and resolution of collections.
  • Customer Service Skills : Interact with clients to examine payment plans, payment history, and address any concerns or irregularities.

Main Job Duties and Responsibilities :

Payment Processing :

  • Record cash, checks, and wires into each clients account.
  • Maintain an up-to-date billing system.

Revenue Posting :

  • Verify and enter transactions from the lockbox.
  • Scan checks into respective bank accounts.

Receivables Management :

  • Update receivables by totaling unpaid invoices.
  • Monitor tenant accounts for non-payments and irregularities.
  • Generate, post, and collect monthly commercial billing and late fees.

Account Discrepancy Resolution :

  • Verify validity of account discrepancies.
  • Investigate information from tenant ledgers, PM notes, and software entries.
  • Resolve issues monthly and complete account reconciliations by month-end.

Collections :

  • Examine payment plans and history.
  • Contact department heads and external collection agency for resolution.

Metrics and Reporting :

  • Summarize receivables by maintaining invoice accounts.
  • Clear out monthly prepaid and apply accordingly.
  • Prepare semi-monthly reports : aged receivable, collection status, etc.

Month-End Closing :

Assist with month-end closing.

Education and Experience :

2+ years of Accounts Receivable, Cash Posting and related experience. Ideally in a law firm setting.

Pay Details : $65, to $85, per year

Search managed by : Nicholas Romley

30+ days ago
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