Cash Receipts Specialist

Faegre Drinker Biddle & Reath • Philadelphia, PA

3d • Hybrid

About The Position

Faegre Drinker has an opportunity for a Cash Receipts Specialist to work with our Finance team in our Philadelphia, Minneapolis, Chicago, or downtown Indianapolis office. You will be part of a dynamic team dedicated to processing the Firm’s cash receipts and depositing checks. This position will work with other talented individuals who share a passion for doing great work in the best interest of our clients.

Requirements

• Strong commitment to client service
• Cooperation and the ability to collaborate in a team, including across offices
• Ability to solve problems and use sound judgment and discretion in dealing with highly confidential information
• Excellent interpersonal, verbal, and written communication skills, including in a virtual environment
• Strong sense of urgency and professional dedication
• Attention to detail
• Ability to work in a fast-paced, deadline-driven environment
• Positive and professional demeanor
• High school diploma or equivalent
• 2+ years of accounting experience in an office environment
• Excellent numeric and ten-key skills
• Proficiency in various computer software programs, including the Microsoft Office Suite

Nice To Haves

• two-year accounting degree preferred
• law firm experience preferred
• experience with Elite financial software preferred

Responsibilities

• Receive and analyze all client and non-client payments received daily by the Firm to ensure the accurate and timely application of funds.
• Collaborate with attorneys, staff and clients to resolve payment application inquiries and discrepancies.
• Accurately enter payments within the Firm’s financial system and an AI-assisted receivables platform.
• Continuously refine and train the AI-assisted receivables platform by reviewing exceptions and resolving discrepancies, improving system learning and performance over time.
• Process refunds to clients for duplicate payments and overpayments, as appropriate.
• Research and resolve unidentified or unapplied payments utilizing a variety of internal and external resources.
• Maintain organized cash receipts documentation, records and reporting to support operational and audit requirements.
• Respond to internal and external inquiries regarding payment status and account activity.
• Participate in special projects and perform additional duties, as assigned.

Benefits

• Flexible working environment for work-life success
• Opportunity to participate in firm-sponsored volunteer events
• Wellness programming with personalized content and activities
• Professional environment and the opportunity to work with experts at the top of their fields
• Variety of health plan options, as well as dental, vision and 401(k) plans
• Generous paid time off
• discretionary bonus
• life, health, accident, and disability insurance
• 401(k) plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED