McDermott Will & Emery is a leading global law firm helping to propel the success of today’s most respected, dynamic, and important organizations. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve. Pride and determination abound here because every member of our team is respected, supported, and inspired to exceed. We have been recognized as a top firm to work by The American Lawyer, Working Mother Magazine, Vault, and the Human Rights Campaign for both lawyers and business professionals.
As part of our ongoing commitment to be #AlwaysBetter for our people, clients, and communities, we have created a culture of belonging that champions your individuality and authenticity as both a person and a professional. From our competitive compensation, top benefits and award-winning professional development programs to industry-leading wellness initiatives, we support you through every stage of your life and career so you can live a life you love both in and outside of the office.
Position Summary:
The Senior Collections Specialist reviews the day to day processing of the Firm’s accounts receivable (AR) tasks. This position ensures accurate and timely posting of payments received by the Firm in accordance with internal accounting policies.
As Senior Collections Specialist you will:
– Manage a significant AR portfolio and take appropriate actions to secure payment
– Document collection status in the Firm’s collection system
– Assist management with ad-hoc reports and special projects
– Resolve complex AR inquiries, including account status and payment terms
– Record, verify and post payments received by the Firm
– Prepare reports of delinquent accounts and follow up with the clients or vendors
– Manage and update the AR database to ensure accuracy
– Reconcile payments with AR ledger and correct discrepancies
– Research AR best practices and identify process improvements
– Analyze data to bring forward suggestions on future collection strategy
– Utilize data and previous experience to forecast future collection amounts
– Manage the Firm’s 270+ day write-off process
– Oversee the Firm’s Collection Agency Accounts
– Research and Establish best practices with Firm’s unallocated cash balances
Job Specifications:
– Bachelor’s Degree Preferred
– At least five (5) years of related work experience
– Strong knowledge of Microsoft Office Suite (Excel, Outlook, PowerPoint, and Word)
– Knowledge of standard accounts receivable policies, processes, and practices
– Experience using client accounting software (eg. Aderant, BillBlast)
– Strong written and verbal communication skills
– Strong organizational skills
– Ability to work under tight deadlines and prioritize responsibilities
– Ability to handle and maintain confidential information
– High comfort level with new systems and integration
– Ability to learn new concepts and skills quickly
#LI – JL1
#LI – Hybrid
#Aderant #Collections #Legal
