Senior AR Specialist

Employer
Morgan, Lewis & Bockius LLP
Location
Washington, DC
Posted
Oct 13, 2017
Closes
Oct 16, 2017
Function
Accountant, IT
Hours
Full Time
Morgan, Lewis & Bockius LLP, one of the world's leading global law firms with almost 4000 lawyers and staff in 30 offices is seeking a Senior Accounts Receivable Specialist reporting to the Accounts Receivable Supervisor. This position will reside in the Washington, DC office and will be responsible for acting independently and with minimal supervision, working directly with Responsible Attorneys (RA), Attorneys In Charge (AIC), the Practice Service Organization (PSO) Team, Clients, and Billing Specialists to support all client groups by performing a variety of critical general accounting functions related to incoming payments, cash management, application and reconciliation. This position serves as a subject-matter expert and proactively contributes to team success by providing risk management services. Responsibilities: * Analyzes the overall status of a partner's receivable portfolio to promote the timely receipt of revenues due to the Firm * Analyzes financial and historical data to identify potential and existing collection concerns * Prepares, analyzes and presents periodic reports on accounts receivable and past due status * Communicates with partners, secretaries and accounting staff firm wide on an appropriate basis to determine non-payment status of receivables and develop a strategy for delinquent accounts * Reviews cash receipts and accounts receivables daily to prioritize collection efforts * Contacts clients or their accounting staff to determine the status of accounts receivables and to resolve issues in order to generate or expedite payment * Develops action plans to resolve outstanding balances * Negotiates payment arrangements * Identifies and recommends solutions in unusual or complex situations * Reviews daily cash payments and resolve all short payments by way of settlements or write offs * Makes recommendations on referring accounts to collections agencies and/or writing off accounts receivable. Prepares and submits all write-offs * Responds to and resolves queries from partners regarding payments, Countdown data and billing and collection statistics * Updates the ARCS System to reflect the current status of accounts. * Functions as a key participant in both the mid-year and year-end collection campaigns * Continually reviews aging schedules and reconciles delinquent accounts receivable balances * Collaborates with the billing team to identify and resolve potential billing issues * Maintains highest level of confidentiality for the Firm's financial information * Maintains knowledge of industry trends relative to the A/R function * Demonstrates and provides leadership within the accounts receivable team * Participates on revenue management project teams to identify and recommend process improvements, streamline workflow or resolve issues * Participates in cross-training with accounting team members in order to ensure adequate coverage for all responsibilities * Performs other duties as assignedExperience/Qualifications: * Bachelor's degree (B. A.) from four-year college or university, in Business Administration or a related field, plus * Minimum of 5 years of related experience * Or equivalent combination of education and experience * Demonstrated ability of successfully working independently and with minimal supervision * Excellent organizational skills and clear ability to prioritize assignments under tight deadlines * Self-starter * Strong analytical and problem-solving skills * Proven sense of accuracy and attention to detail * Exceptional client service skills, both internal and external clients * Effective written and verbal communication skills * Experience resolving and collecting accounts receivable in a Service Organization environment with specific experience contacting clients * Strong interpersonal skills * Strong technical skills * Leadership skills * Ability to work as part of a team * Project management skills * Ability to adapt to change and balance competing demands * Ability to read, analyze, and interpret business and professional publications, prepare business correspondence, proposals and reports, effectively present information to groups of employees, and respond to questions from employees, managers, clients and vendors. * Advanced arithmetic skills (compute rate, ratio, percent; able to draw and interpret graphs and charts) * Ability to define problems, collect data, establish facts, draw conclusions Qualified candidates must apply online by visiting our website at www.morganlewis.com and selecting "Careers." Morgan Lewis is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.