Trust Accountant

Benesch Law•Cleveland, OH

8d•Hybrid

About The Position

Benesch is seeking a Trust Accountant for its Cleveland office. This position is hybrid and offers work from home flexibility. The ideal candidate will have 5+ years of trust accounting experience and a solid working knowledge of IOLTA regulations and state bar trust accounting rules. This role is perfect for an experienced fiduciary professional looking to focus their expertise in IOLTA accounting. The Trust Accountant is responsible for the integrity, compliance, and daily operations of client trust accounts, maintaining the integrity of client trust balances, ensuring proper segregation of funds, and supporting month-end reconciliation activities. This role works closely with firm leadership and attorneys and carries significant responsibility for maintaining the firm's compliance with state bar trust accounting requirements.

Requirements

Bachelor's degree in accounting, finance or related field
Five to seven years of accounting experience in a legal or fiduciary environment
Thorough knowledge of IOLTA regulations and state bar trust accounting rules
Proficient in Microsoft Office, especially Excel and Outlook
Strong analytical and problem-solving skills with exceptional attention to detail
Demonstrated ability to manage competing priorities and meet deadlines in a fast-paced environment
High level of discretion and integrity in handling confidential client funds and information
Strong written and verbal communication skills, with the ability to work effectively with attorneys and firm leadership

Nice To Haves

Aderant experience is a plus

Responsibilities

Oversee all trust account activities including deposits, disbursements, wire transfers, and check processing in compliance with firm policies and applicable trust accounting regulations
Perform daily, weekly, and monthly trust account reconciliations, including identification and resolution of discrepancies
Monitor client trust balances to ensure funds are properly maintained and that accounts are not overdrawn
Ensure full compliance with IOLTA rules and applicable state bar regulations governing client funds
Serve as the firm's primary point of contact for trust accounting matters with attorneys, clients, vendors, and banking partners
Manage trust account audits and coordinate responses to any state bar compliance reviews or inquiries
Develop and maintain written trust accounting policies and procedures
Evaluate and recommend improvements to trust accounting workflows, controls, and systems
Prepare and distribute trust account reports to attorneys and clients as requested
Respond to inquiries from attorneys, clients, and vendors regarding trust transactions
Maintain organized and audit-ready records of all trust activity
Assist with onboarding new client matters that require trust account setup
Perform other duties and projects assigned