Join to apply for the Accounts Receivable Specialist role at Katten Muchin Rosenman LLP
Join to apply for the Accounts Receivable Specialist role at Katten Muchin Rosenman LLP
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Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai. Clients seeking sophisticated, high-value legal services turn to Katten for counsel locally, nationally and internationally. The firms core areas of practice include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.
Accounts Receivable Specialist (Entry-Level)
The Accounts Receivable Specialist is responsible for processing the application of checks and wire transfers transmitted to client accounts receivable and firm-related expenses, posting of client retainers and processing the transfer of retainers in support of the billing process. Maintains professionalism and strict confidentiality in all client and firm matters.
Katten offers a hybrid work model, allowing the flexibility to work both on-site and remotely on a regular basis (KattenFlex).
Essential Duties and Responsibilities include, but may not be limited to, the following. Other duties may be requested and/or assigned. Essential functions are primary job duties that an individual must be able to perform successfully with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- On a daily basis, analyze and perform application of cash deposit by applying checks/wire transfers to outstanding client invoices to reduce Accounts Receivable balance. Process and post cash deposit entries into financial system.
- Apply on-account unallocated funds to outstanding client invoices and write off outstanding invoice balances as requested by the billing and collection coordinators.
- Work with billing coordinators on a regular basis, and at their request, transfer funds, cancel posted invoices and reverse application of funds received.
- Research unidentified cash by coordinating with attorneys, billing coordinators and clients. Respond to inquiries and resolve issues regarding Accounts Receivable.
Knowledge, Skills And Abilities
- Bachelors degree in Accounting; business internship while pursuing undergraduate degree is preferred.
- Computer and data entry proficient. Experience and working knowledge of legal accounting software, Excel, Outlook, and MS Word preferred.
- Excellent interpersonal, verbal, and written communication skills. Ability to communicate with courtesy and diplomacy, efficiently follow written and verbal instructions, provide information, and maintain effective relationships with a diverse group of attorneys, clients, staff, and outside contacts.
- Analytical skills requiring an aptitude for detail and accuracy in order to analyze, interpret, and process Accounts Receivable and the cash application process, perform essential duties relating to day-to-day Accounting procedures, respond to Accounts Receivable inquiries, and ensure the integrity of the Accounting Department database system.
- Exhibit high degree of initiative with the ability to organize and prioritize numerous tasks and ensure work is completed within defined deadlines. Works collaboratively and cooperatively with others in a team-oriented environment.
- Ability to manage multiple projects simultaneously in a fast-paced, deadline-driven, detail-oriented work environment, and adapt to changes in workflow. Proactive with excellent troubleshooting, problem resolution, and follow-through skills.
- Excellent organizational skills including record keeping, data collection, and system information. Ability to compile and analyze data and furnish detailed information in report format, written correspondence, e?mail, or verbally.
- Ability to perform mathematical calculations and apply mathematical concepts when computing, reconciling balances, verifying numerical data, processing Accounts Receivable functions, and preparing various accounting/time reports.
- Ability to work overtime as needed and at fiscal year-end in order to meet Accounting deadlines.
The annualized salary range for this position in Chicago is $55,000 to $60,000. Actual pay will be adjusted based on experience and other job-related factors permitted by law.
We offer an outstanding benefit package which includes: medical/dental/vision, 401k with employer contribution, parental leave, transportation fringe benefit program, back-up care option, generous paid time off policy, and long-term and short-term disability policies.
Katten Muchin Rosenman LLP is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Seniority level
Seniority level
Not Applicable
Employment type
Employment type
Full-time
Job function
Job function
Accounting/Auditing and Finance-
Industries
Law Practice
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Inferred from the description for this job
Medical insurance
Vision insurance
401(k)
Paid maternity leave
Paid paternity leave
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