Addition Management
Cash Accountant
Addition Management, New York, New York, us, 10261
Job Title: Cash AccountantLocation:
Downtown, New YorkSalary:
$70,000-$90,000 + Bonus
Growing Law Firm seeks a Cash Accountant to join their Team!
Responsibilities:Cash Receipt Management:
Manage high-volume cash transactions, ensuring accurate recording from bank statements to our financial management system, Aderant.Take initiative to propose software solutions or process step improvements to automate the cash receipt process steps - using Aderant to increase efficiency and accuracy.Generate daily bank account reports for cash receipts including ACH, wire transfers, and checks across various firm operating and trust accounts, updating the firms daily cash position.Ensure that the firm does not ever pay out more cash than the firm takes in.
Reconciliation and Application:
Conduct in-depth research on cash receipts lacking complete payment details and coordinate with attorneys, billers, and collectors to accurately apply payments to corresponding firm invoices.Conducting thorough research on all cash receipts that do not come over with all the necessary payment information and then collaborating with attorneys, billers, and collectors to find out how to apply payments to firm invoices.Collaborate with the Accounts Payable (AP) team to report and apply cash receipts against client reimbursements using Aderant AP Imaging.Maintain regular communication with billers and collectors to update and report payments against outstanding invoices/accounts receivable, ensuring all parties are informed. Use Aderant's main system, the Collection Module or sequel reports to update teams of cash receipts.
Payment Identification and Processing:
Address issues with payments that are unidentified due to incomplete client information provided by the bank. Determine and implement resolution strategies and next steps by the end of each day. Do not allow unapplied cash receipts to go beyond the end of each day without being actioned for resolution.Take ownership, responsibility and accountability for all cash receipts from the beginning of the process (seeing the cash receipt at the bank) to the end of the process (resolving all issues and applying cash to invoices in all systems)Reporting and Analytics:
Produce automated daily reports detailing all cash receipts, highlighting variances, and noting necessary actions for any invoices with discrepancies.Take initiative in generating insightful financial reports that track the firm's current cash position and forecast upcoming accounts payable obligations.Recommend actions for cash management and financing needs as necessary.Cross-Functional Support and Leadership:
Support broader finance department initiatives, demonstrating flexibility and eagerness to engage in other areas to add value beyond core job responsibilities.Take responsibility, accountability and own the complete cash receipt process, ensuring no transaction remains unresolved or unapplied by the close of each day.Perform other duties and functions as necessary for the Finance department and take the opportunity to show how you may add value in other areas of Finance.
Qualifications:
Proven experience cash management or as a cash receipt accountant, preferably within a legal or professional services environment.Strong proficiency in Aderant or similar legal financial managementBachelor's degree in Accounting, Finance, or related field.CPA a plus
Downtown, New YorkSalary:
$70,000-$90,000 + Bonus
Growing Law Firm seeks a Cash Accountant to join their Team!
Responsibilities:Cash Receipt Management:
Manage high-volume cash transactions, ensuring accurate recording from bank statements to our financial management system, Aderant.Take initiative to propose software solutions or process step improvements to automate the cash receipt process steps - using Aderant to increase efficiency and accuracy.Generate daily bank account reports for cash receipts including ACH, wire transfers, and checks across various firm operating and trust accounts, updating the firms daily cash position.Ensure that the firm does not ever pay out more cash than the firm takes in.
Reconciliation and Application:
Conduct in-depth research on cash receipts lacking complete payment details and coordinate with attorneys, billers, and collectors to accurately apply payments to corresponding firm invoices.Conducting thorough research on all cash receipts that do not come over with all the necessary payment information and then collaborating with attorneys, billers, and collectors to find out how to apply payments to firm invoices.Collaborate with the Accounts Payable (AP) team to report and apply cash receipts against client reimbursements using Aderant AP Imaging.Maintain regular communication with billers and collectors to update and report payments against outstanding invoices/accounts receivable, ensuring all parties are informed. Use Aderant's main system, the Collection Module or sequel reports to update teams of cash receipts.
Payment Identification and Processing:
Address issues with payments that are unidentified due to incomplete client information provided by the bank. Determine and implement resolution strategies and next steps by the end of each day. Do not allow unapplied cash receipts to go beyond the end of each day without being actioned for resolution.Take ownership, responsibility and accountability for all cash receipts from the beginning of the process (seeing the cash receipt at the bank) to the end of the process (resolving all issues and applying cash to invoices in all systems)Reporting and Analytics:
Produce automated daily reports detailing all cash receipts, highlighting variances, and noting necessary actions for any invoices with discrepancies.Take initiative in generating insightful financial reports that track the firm's current cash position and forecast upcoming accounts payable obligations.Recommend actions for cash management and financing needs as necessary.Cross-Functional Support and Leadership:
Support broader finance department initiatives, demonstrating flexibility and eagerness to engage in other areas to add value beyond core job responsibilities.Take responsibility, accountability and own the complete cash receipt process, ensuring no transaction remains unresolved or unapplied by the close of each day.Perform other duties and functions as necessary for the Finance department and take the opportunity to show how you may add value in other areas of Finance.
Qualifications:
Proven experience cash management or as a cash receipt accountant, preferably within a legal or professional services environment.Strong proficiency in Aderant or similar legal financial managementBachelor's degree in Accounting, Finance, or related field.CPA a plus