Lead impactful collections strategies at a prestigious firm with hybrid flexibility. Enhance your analytical expertise and collaborate with top professionals in finance. Drive key fiscal initiatives and optimize cash flow.
Senior Collections Analyst
in Accounting + Finance PermanentJob Detail
Job Description
Overview
- The Senior Collections Analyst plays a vital role in managing client receivables and optimizing cash flow.
- Collaborate with leadership, Billing, and Finance teams to develop strategic collection plans.
- Ensure accurate reconciliation of client accounts and maintain detailed collection activity records.
- Analyze aging reports to identify risks and prioritize follow-ups for timely resolution.
- Support client onboarding by preparing essential documentation and resolving billing discrepancies.
- Provide cash collection forecasting and year-end support for fiscal planning.
- Contribute to process improvements and special revenue initiatives as needed.
Key Responsibilities & Duties
- Manage a portfolio of client accounts, implementing strategic collection initiatives.
- Review and analyze aging reports to prioritize follow-ups and escalate issues.
- Maintain detailed collection activity records within legal billing systems.
- Collaborate with partners and clients to ensure timely resolution of receivables.
- Monitor e-Billing platforms to track invoice approvals and forecast payment timelines.
- Investigate and reconcile unidentified or misapplied payments with the Cash Receipts team.
- Prepare customized collection reports and payment schedules for management.
- Contribute to fiscal planning and revenue projections through cash collection forecasting.
Job Requirements
- Associate’s degree required; Bachelor’s degree in Accounting, Finance, or related field preferred.
- Minimum of 5+ years of collections experience within a law firm environment.
- Proficiency in legal billing systems, such as Elite or 3E, is essential.
- Experience with e-Billing platforms and familiarity with Star Target Cash is advantageous.
- Advanced skills in Microsoft Excel and Word are required.
- Strong analytical capabilities and attention to detail are crucial for success.
- Proven ability to manage competing priorities and meet strict deadlines.
- Excellent communication skills to interact effectively with clients and senior management.
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- Contribute to impactful billing operations in a hybrid work environment. Collaborate with legal professionals and clients to ensure compliance and accuracy. Enhance your expertise in e-billing and financial analysis.