Accountant- Law Firm

Trustpoint.One; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 120,000; Full time

Job summary

Trustpoint.One in Philadelphia, PA seeks an experienced Trust Accounting Specialist with a strong background in legal accounting and trust account management within a law firm. The role covers end-to-end accounting and administration of settlement funds, ensuring accuracy, compliance, and timely distributions.

Law firm experience is required. Training is onsite; a hybrid schedule becomes available after 30 days, and the ideal candidate will manage complex distributions with precision and

Qualifications

• Minimum 5 years of trust or legal accounting experience.
• Law firm experience is required.
• Strong understanding of trust accounting rules and settlement fund management.
• Experience handling complex attorney-client settlement distributions.
• Excellent analytical, organizational, and communication skills.
• Proficiency with accounting software and Microsoft Excel.
• Ability to manage multiple priorities while maintaining a high level of accuracy.

Responsibilities

• Manage the trust accounting process from receipt through final disbursement of settlement funds.
• Track and reconcile settlement funds to ensure accuracy and compliance.
• Coordinate with attorneys to facilitate timely distributions.
• Analyze court orders, recapitulations, and contingent fee agreements.
• Prepare detailed distribution summaries and submit them to attorneys for approval.
• Perform end-to-end accounting of settlement funds, including recording receipts, booking attorney fees, and billing costs.
• Disburse funds to the firm, clients, referral attorneys, and lienholders.
• Transfer settlement funds to interest-bearing accounts when appropriate.
• Maintain accurate financial records and supporting documentation.
• Perform bank reconciliations.
• Provide cost details and supporting financial information to attorneys and paralegals.
• Review draft court orders and recapitulations for accuracy.
• Complete bi-monthly Concur uploads and monthly Papercut uploads.
• Process monthly cost write-offs for closed cases.

Skills

Trust accounting

Legal accounting

Analytical skills

Organizational skills

Communication skills

Attention to detail

Multitasking

Tools

Accounting software

Microsoft Excel

Job description

Schedule: Onsite during training period; Hybrid schedule available after 30 days

About the Role

We are seeking an experienced Trust Accounting Specialist to join our team in Philadelphia, PA. The ideal candidate will have a strong background in legal accounting and trust account management within a law firm environment. This role is responsible for the end-to-end accounting and administration of settlement funds, ensuring accuracy, compliance, and timely distribution.

Law firm experience is required and candidates without law firm experience will not be considered.

Required Qualifications

• Minimum 5 years of trust accounting or legal accounting experience
• Law firm experience is required
• Strong understanding of trust accounting rules and settlement fund management
• Experience handling complex attorney-client settlement distributions
• Excellent analytical, organizational, and communication skills
• Proficiency with accounting software and Microsoft Excel
• Ability to manage multiple priorities while maintaining a high level of accuracy

Primary Responsibilities

• Manage the trust accounting process from receipt through final disbursement of settlement funds
• Track and reconcile settlement funds to ensure accuracy and compliance
• Coordinate with attorneys to facilitate timely distributions
• Analyze court orders, recapitulations, and contingent fee agreements
• Prepare detailed distribution summaries and submit them to attorneys for approval
• Perform end-to-end accounting of settlement funds, including:
• Recording receipts
• Booking attorney fees
• Billing and recording costs
• Disbursing funds to the firm, clients, referral attorneys, and lienholders
• Transfer settlement funds to interest-bearing accounts when appropriate
• Maintain accurate financial records and supporting documentation

Additional Responsibilities

• Perform bank reconciliations
• Provide cost details and supporting financial information to attorneys and paralegals as requested
• Review draft court orders and recapitulations for accuracy
• Complete bi-monthly Concur uploads
• Complete monthly Papercut (soft cost) uploads
• Process monthly cost write-offs for closed cases

Preferred Skills

• Strong attention to detail and problem-solving ability
• Knowledge of legal settlement accounting and trust compliance requirements
• Ability to work collaboratively with attorneys, paralegals, and finance professionals
• High degree of professionalism and confidentiality

Competitive salary and benefits package commensurate with experience.

Note:

A minimum of 5 years of law firm accounting experience, specifically involving trust accounting and settlement fund management, is required to be considered for this opportunity.