Sidley Austin Llp - Chicago, IL
posted 4 months ago
The Accounts Receivable Specialist plays a crucial role in assisting the Firm's partners with the collection of past due accounts receivable. This position is integral to maintaining the financial health of the firm and requires extensive interaction with both partners and clients. The specialist will work closely with Accounts Receivable Managers to ensure that all accounts are managed effectively and efficiently. The role involves handling a significant portfolio of Firmwide Client Collection responsibilities, in addition to managing the accounts receivable portfolio of the local office. A key responsibility of the Accounts Receivable Specialist is to review and analyze accounts receivable aging reports. This analysis is essential for understanding the status of outstanding invoices and for determining the appropriate actions needed to resolve any issues. The specialist must have a thorough understanding of the electronic billing life cycle process, which is critical for taking the necessary steps to follow up on accounts receivable. Regular contact with clients is a significant part of the job, which includes making frequent phone calls, sending emails, and drafting formal letters to follow up on the status of unpaid invoices. In addition to client communication, the specialist will negotiate, document, and arrange payment schedules to facilitate timely payments. Daily use of the Firm's collection system is required to identify collection follow-ups and to document the status of collections. The role may also involve assisting with special projects, which could include creating, formatting, and editing Excel spreadsheets, as well as typing statements and correspondences, including the preparation of charts and tables. The Accounts Receivable Specialist may also be assigned other duties as needed, contributing to the overall efficiency of the firm's financial operations.