Accounts Receivable Analyst - Chicago, United States - Mayer Brown LLP

Mayer Brown LLP
Mayer Brown LLP
Verified Company
Chicago, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description

Overview:


Mayer Brown is an international law firm positioned to represent the world's major corporations, funds, and financial institutions in their most important and complex transactions and disputes.

We are recognized by our clients as strategic partners with deep commercial instincts and a commitment to creatively anticipating their needs and delivering excellence in everything we do.


We are a collegial, collaborative, and diverse firm where highly motivated individuals with an unwavering commitment to excellence receive the opportunity, support, and development they need to grow, thrive, and realize their greatest potential all while supporting the Firm's client service principles of excellence, strategic partnership, commercial instinct, integrated strengths, innovation, and collaboration across our international firm.


If you enjoy working with team members whose defining characteristics are exceptional client service, initiative, professionalism, responsiveness, and adaptability, you may be the person we are seeking to join our Finance - Operations department in our Chicago office as an Accounts Receivable Analyst.


The Accounts Receivable Analyst manages a portfolio of Firm partners, ensuring timely and effective recovery of outstanding payments from clients.

The role requires providing exemplary support to assigned partners in managing their accounts receivable, facilitating effective communication with clients, providing reporting and analysis, meeting collections targets and implementing strategies to enhance cash flow and minimize overdue balances.


Responsibilities:


Essential Functions:


  • Implements effective collection strategies that ensure timely collection of payments from clients
  • Fosters positive relationships with partners, clients and internal stakeholders to facilitate effective collaboration and resolution of collection issues
  • Proactively follows up, conceives solutions and solves problems
  • Provides reports, analyses, and recommendations to partners
  • Serves as a point of contact for clients on payment inquiries, disputes and overdue balances
  • Collaborates with billing and other administrative teams to address billing inquiries and disputes
  • Effectively utilizes the Firm's financial systems and software for tracking collections, noting statuses, updating contact information and generating reports
  • Maintains strong records of commentaries on collection efforts and statuses
  • Prepares and presents regular reports on collection performance, aging reports and other metrics
  • Ensures compliance with Firm policies, legal requirements and client agreements
  • Identifies opportunities for process improvements and efficiencies in the collection process
  • Regularly reconciles accounts and resolves discrepancies to ensure accurate and current records
  • Meets collection targets
  • Assists with special projects and other tasks as assigned

Qualifications:

Education/Training/Certifications:


  • Bachelor's degree in Accounting, Finance, Business or related field, strongly preferred
  • An equivalent combination of education and/or experience may be considered in lieu of a degree when the experience has been directly related to the functions of the job

Professional Experience:


  • Minimum five years of professional experience required
  • Minimum two years collections experience strongly preferred
  • Legal or other professional services experience strongly preferred

Technical Skills:


  • Proficiency in Microsoft Office Suite products, required
  • Proficiency in data analysis and use of PowerBI, preferred
  • Experience with collections software, preferred

Performance Traits_:
_**_ _

  • Demonstrates a natural inclination toward providing exemplary service and upholding high standards of excellence
  • Skilled in cultivating strong relationships and fostering trust among partners, clients and colleagues
  • Exhibits meticulous attention to detail when pursuing payments, documenting actions and maintaining pristine records
  • Exhibits confidence in pursuing payments, navigating negotiations, upholding Firm policies and effectively escalating issues
  • Demonstrates sharp critical thinking abilities, excels in problemsolving and applies analytical skills to resolve complex billing and collection challenges
  • Communicates clearly and professionally, with refined verbal articulation and precise written correspondence
  • Possesses a genuine propensity for selfreflection, collaboration and teamwork
  • Applies disciplined organizational skills and effective prioritization to consistently achieve desired results
  • Demonstrates resilience and composure in challenging situations, maintaining focus and determination to overcome obstacles
  • Takes ownership and accountability for tasks and outcomes, aligning with departmental values, culture, and commitments to excellence
The above is a general description of the essential duties associated with this position and does not represent an exhaust
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