Accounts Receivable Manager - Chicago, United States - Katten

Katten
Katten
Verified Company
Chicago, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description

About Katten


Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai.

Clients seeking sophisticated, high-value legal services turn to Katten for counsel locally, nationally and internationally.

The firm's core areas of practice include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth.

Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.


Summary for the Accounts Receivable Manager Position


Katten offers a hybrid work model, allowing the flexibility to work both on-site and remotely on a regular basis (KattenFlex).


Essential Duties and Responsibilities include, but may not be limited to, the following. Other duties may be requested and/or assigned. Essential functions are primary job duties that an individual must be able to perform successfully with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Manage the creation and distribution of various reports to management and other departments including the daily incoming wire activity, cash receipts results reporting, benchmarking information on volume of checks vs. wire receipts, On Account credits reporting, accounts receivable writeoff reporting and escrow activity. In each case, providing timely and actionable information.
  • Collaborate with others on the periodic review of accounts receivable balances with recommendations to writeoff aged receivables ensuring small balances, due to bank charges or shortpayments, are written off as they occur.
  • Coordinate with firm attorneys, management, clients and the bank on escrow related activity.
  • Develop and implement accounting procedures as they relate to firm and department policies, etc. for more efficient processing of accountingrelated work.
  • Manage and supervise Accounts Receivable staff of 5 fulltime positions. This includes performance reviews, hiring new personnel, training, etc.
  • Performs audits of work completed by Accounts Receivable personnel to evaluate the quality and accuracy of information processed and ensure internal controls are followed.
  • Oversee training and support to members of other departments concerning accounting procedures as they relate to the accurate preparation and submission of paperwork for cash receipts, credits, writeoffs and escrow transactions.
  • Investigate and resolve inquiries and issues regarding accounts receivables, cash receipts and escrow transactions.
  • In collaboration with management, develop policies and procedures that result in increased staff efficiencies.
  • Participate in systems upgrades for testing Accounts Receivable functions.
  • Other ad hoc requests and reporting as requested by management.

Supervisory Responsibilities

  • Directly supervises and manages employees and is responsible for their overall direction, coordination, and evaluation. Carries out supervisory responsibilities in accordance with the firm's policies and applicable laws. Responsibilities include hiring, interviewing and training; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems; making recommendations for promotion, compensation, and termination.

Knowledge, Skills and Abilities

  • Bachelor's degree in Accounting, Finance, or equivalent is required. Minimum of ten years of accounts receivable experience, and five years of supervisory experience, working within a law firm or professional services firm is required.
  • Proficient experience with Elite and or Aderant accounting software is required.
  • Proficient with MS Excel spreadsheets, including features such as pivot tables, charts and graphs and formulas; Proficiency with MS Word and PowerPoint software.
  • Excellent interpersonal, verbal, and written communication skills. Ability to communicate with courtesy and diplomacy, efficiently follow written and verbal instructions, provide information, and maintain effective relationships with a diverse group of attorneys, clients, staff, and outside contacts.
  • Outstanding analytical skills requiring an aptitude for detail, precision, and logic with comprehensive knowledge of complex accounting principles and practices in order to conduct detailed analysis of cash receipts and escrow operations.
  • Exhibit high degree of initiative and criticalthinking skills in exercising independent judgment and making decisions in order to manage multiple priorities in a fastpaced, deadlinedriven, detailoriented work environment, and ensure work is completed within strict deadlines.
  • Proactive with excellent troubleshooting, prob
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