Cash Application Analyst (Temp)
The Cash Applications Analyst plays a critical role in helping the Cash Applications team efficiently and accurately process client payments within Firm. The Cash Applications Analyst will help in managing the unapplied cash and write-off process within the law firm, ensuring adherence to policies and procedures, optimizing revenue recovery, and minimizing financial risk. This position requires a combination of technical expertise, attention to detail, and strong communication skills to manage the cash application process effectively, reconcile accounts and support the firm's financial objectives.

RESPONSIBILITIES

• Assist Cash Application Manager in receiving, recording, and depositing cash receipts from clients, settlements, and other sources.
• Collaborate with billing departments to reconcile client accounts, track payments, and resolve any billing-related discrepancies or issues.
• Investigate and resolve any discrepancies or disputes related to cash receipts, working closely with clients, attorneys, and other stakeholders to address issues promptly and effectively.
• Identify opportunities to streamline and improve the cash application process, implementing best practices and leveraging technology to enhance efficiency and accuracy.
• Help develop and maintain unapplied cash policies and procedures ensuring alignment with industry best practices and regulatory requirements.
• Help establish guidelines and thresholds for unapplied cash, including levels of authority and documentation requirements, and ensure adherence to established procedures.
• Work with Cash Application Manager and Billing Attorneys to reduce unapplied cash balances and communicate unapplied cash decisions to relevant stakeholders providing clear rationale and guidance as needed.

Qualifications

• Bachelor’s degree in accounting, finance, related field or equivalent professional experience.
• Prior experience in cash applications or accounts receivable management, preferably in a legal or professional services environment.
• Advanced knowledge in Microsoft Excel (advanced formulas/functions, pivot tables, VBA) with proficiency in Microsoft Word and PowerPoint.
• Strong understanding of accounting principles and cash management practices.
• Excellent attention to detail and analytical skills.
• Strong communication and interpersonal skills, with ability to collaborate across departments and interact with clients and vendors.
• Ability to prioritize tasks and work effectively in a fast-paced, deadline-driven environment.

To Apply: Please email your resume to: cfleck@chelsearecruiters.com