IOLTA & Client Funds Receivables Analyst

0400 FBD USA LLP; New York (NY); On-site; USD 90,000 - 100,000; Full time

Job summary

Freshfields US LLP in New York seeks a meticulous Cashier to safeguard client funds and manage incoming payments across currencies. You will handle wire, ACH, and cheque processing and maintain client trust ledgers with strict accuracy and integrity.

This role requires prior law-firm finance experience, hands-on cash application, IOLTA accounting, and strong Excel skills. You will reconcile cash, support cross-functional teams, and ensure compliance with fiduciary duties in a high-volume

Qualifications

• Prior experience in a finance or accounting role within a law firm is essential.
• Direct, hands-on experience with cash application and, critically, IOLTA or client trust accounting is mandatory.
• Impeccable attention to detail and a commitment to 100% accuracy. High level of integrity and discretion, with a complete understanding of the confidential nature of the role.
• Ability to work efficiently under pressure and meet strict daily deadlines in a high-volume processing environment.
• Strong analytical and problem-solving skills, with the ability to investigate and resolve discrepancies methodically.
• Proficiency in Microsoft Excel and experience working with a large-scale accounting system.

Responsibilities

• Process and apply all incoming client and office payments via wire, ACH, and cheque in multiple currencies.
• Research and resolve unidentified or unallocated cash receipts.
• Manage the daily cash reconciliation process for all receipts.
• Manage IOLTA and client trust accounts per State Bar rules and regulations.
• Accurately record the receipt of client funds into the client trust ledger.
• Process payments to third parties from trust accounts with proper documentation and partner approval.
• Execute transfers between trust accounts and office accounts to settle client bills.
• Assist in regular reconciliation of all client trust accounts.
• Prepare reports on cash receipts and trust balances for management.
• Liaise with Billing, Collections, and Accounts Payable teams to resolve queries.
• Serve as point of contact for fee-earners and their assistants for payments and trust balances.

Skills

Law firm accounting

IOLTA/trust accounting

Cash application

Excel

Attention to detail

Integrity and discretion

Analytical problem solving

Tools

Elite 3E

Aderant Expert

Job description

Freshfields US LLP in New York seeks a meticulous Cashier to safeguard client funds and manage incoming payments across currencies. You will handle wire, ACH, and cheque processing and maintain client trust ledgers with strict accuracy and integrity.

This role requires prior law-firm finance experience, hands-on cash application, IOLTA accounting, and strong Excel skills. You will reconcile cash, support cross-functional teams, and ensure compliance with fiduciary duties in a high-volume