Account Receivable Coordinator

$55,000 - $81,000/Yr

Binding Minds - New York, NY

Full-time - Mid Level

New York, NY

Administrative and Support Services

About the position

The Account Receivable Coordinator position is a full-time role based in New York, NY, with a salary range of $55,000 to $81,000 per year. The primary responsibility of this role is to manage domestic client receipts, ensuring that all payments are accurately applied to the appropriate accounts. The coordinator will monitor unapplied receipts and collaborate with billing and collections staff to resolve any discrepancies. Additionally, the coordinator will be responsible for reporting on client collection activities to firm management, providing insights into the effectiveness of collection efforts and identifying areas for improvement. In this role, the coordinator will administer the credit card acceptance program, ensuring compliance with relevant policies and procedures. They will also manage the unclaimed property program for cash receipts and client retainer deposits, ensuring that all funds are accounted for and properly allocated. The coordinator will oversee the staff receivables program, assisting staff in managing their accounts and ensuring timely payments. The position also involves assisting with the month-end financial closing process and participating in the annual financial audit. The coordinator will be responsible for updating process documentation for Accounts Receivable and Client Trust operations, ensuring that all procedures are current and compliant with firm policies. A thorough understanding of firm operations, policies, and procedures is essential for success in this role.

Responsibilities

• Apply domestic client receipts accurately and efficiently.
• Monitor unapplied receipts and collaborate with billing and collections staff to resolve issues.
• Report on client collection activity to firm management.
• Administer the credit card acceptance program.
• Manage the unclaimed property program for cash receipts and client retainer deposits.
• Oversee the staff receivables program and assist staff with their accounts.
• Assist with the month-end financial closing process.
• Participate in the annual financial audit.
• Update process documentation for Accounts Receivable and Client Trust operations.
• Comply with and understand firm operations, policies, and procedures.

Requirements

• Bachelor's degree in Accounting or Finance.
• 5 years of accounting experience.
• Demonstrated career progression in accounting roles.
• Proficiency in Microsoft Office Suite (5 years required).
• Experience in an Am Law 100 law firm (5 years preferred).
• Familiarity with Elite 3E financial system (preferred).
• Knowledge of State Bar regulations on client trust accounts (preferred).

Nice-to-haves

• Experience with Elite 3E financial system.
• Familiarity with State Bar regulations on client trust accounts.