Cash Applications Assistant

US Offices & Unit•Philadelphia, PA

9h•Hybrid

About The Position

Morgan, Lewis & Bockius LLP, one of the world’s leading global law firms with offices in strategic hubs of commerce, law, and government across North America, Asia, Europe, and the Middle East, is seeking to hire a Cash Applications Assistant. The Cash Applications Assistant will support the Cash Applications Department by processing and applying client payments, conducting research, and providing a high level of client service, utilizing the department’s automated systems and processes. This position will reside in our Philadelphia office and offers a hybrid in-office/remote working schedule.

Requirements

Bachelor’s Degree, from four-year college or university and some accounting or financial background is preferred.
Minimum three (3) years of professional experience in cash applications or Elite Billing within a high-volume automated environment.
Strong analytical, reconciliation, and problem-solving skills.
Proficient in Microsoft Office (Excel, Word, PowerPoint).
Excellent written and verbal communication skills.

Nice To Haves

Experience with Elite 3E, automated expense/invoice reporting systems is a plus.

Responsibilities

Research and resolve payments that cannot be automatically applied (majority of workload).
Audit the report and fix discrepancies between bank file and Elite load
Communicate with attorneys and vendors to determine correct allocation.
Post corrected payments accurately in the system.
Coordinate with billing teams and attorneys regarding fee and cost write-offs.
Process write-offs using the automated Wow Flow system and manually in the billing system.
Communicate with billing assistants and attorneys for paid-on account.
Maintain spreadsheets to balance the daily cash deposited into cash recorded.
Generate GL detail reports for Treasury.
Track and report high-value payments ($250,000 and $1,000,000+) for audit purposes.
Research and process overpayments, duplicate payments, retainers, and refunds.
Investigate aged receivables, short payments, misapplications, and client discounts.
Provide documentation and support during financial audits.