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Collections Manager

Addition Management

New York, NY

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JOB DETAILS
SALARY
$170,000–$190,000 Per Year
SKILLS
Accounting, Accounting Close, Accounts Receivable, Accounts Receivable Management, Analysis Skills, Attorney, Billing, Budgeting, Credit and Collections, Customer Relations, Finance, Head of Finance, Legal, Microsoft Excel, Microsoft Word, Negotiation Skills, Organizational Skills, Pivot Tables, Problem Solving Skills, Process Improvement, Reconciliation, Revenue Forecasting, Spreadsheets, Vlookups
LOCATION
New York, NY
POSTED
Today
Job Title: Collections Manager

Location: New York, NY

Salary: $170K - $190K

Stable NYC Law Firm looking for a Collections Manager to join their team!

Responsibilities
  • Utilize the customized 3E Collections Module to create each month's revenue projection to measure against the Firm's budgeted revenue, and to identify potential shortfalls in the monthly projection.
  • Schedule monthly in-person or Teams meetings with billing partners to review each individual's inventory and solidify collections for the month.
  • Meet weekly with CFO and COO to report on projections and any potential issues that may impact collection results.
  • Negotiate client settlements with advice and consent of the billing attorney and the COO.
  • Prepare detailed impact for write-off of accounts receivable adhering to the firm's approval policy.
  • Assist in transitioning matters handled by departing attorneys to other attorneys of the Firm; determine which matters are inactive to facilitate matters to be closed where appropriate; work with the departed attorney to collect open invoices.
  • Review billing department e-billing audit report to collectively address potential problems that may disrupt the revenue cycle.
  • Communicate with clients to obtain payment allocation details.
  • Research discrepancies in payment amounts versus amount owed. Correspond with billing attorney and client where approved.
  • Coordinate with billing coordinators and/or billing attorney to determine timing of payment for closing transactions.
  • Continue to innovate and improve the collections process.
  • Perform other tasks as assigned.
Qualifications:
  • Bachelor's degree (B.A./B.S.) from a four-year college or university required; degree in Business, Accounting or Finance preferred.
  • 5+ years of law firm experience in Collections, at a mid-sized or large law firm.
  • Advanced proficiency in Microsoft Excel with pivot tables and v-lookup and ability to manipulate and analyze numbers within complex spreadsheets
  • Advanced proficiency in Word, 3E and Electronic Billing Systems.
  • Proven ability to manage and reduce aged receivables while maintaining positive attorney and client relationships
  • Solid understanding of client billing cycles, fee arrangements, and payment terms

About the Company

A

Addition Management

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