Legal Finance Operations Manager Trust for global professional services

Vertical Careers, Inc.; Los Angeles (CA); On-site; USD 180,000; Full time

Job summary

An established industry player is seeking a Legal Finance Operations Manager to oversee trust fund management and cash application processes. This pivotal role involves ensuring compliance with fiduciary laws while optimizing workflows within the legal finance department. The ideal candidate will bring exceptional organizational skills and a strong background in legal operations and finance, particularly in trust accounting. Join a dynamic team where your contributions will directly impact the efficiency and effectiveness of legal finance operations. If you are ready to take on a challenging yet rewarding position, this opportunity is for you.

Qualifications

• 5+ years of experience in trust accounting and legal project management.
• Proven ability to manage multiple priorities and meet deadlines.

Responsibilities

• Oversee administration of all trust accounts and ensure compliance.
• Manage cash application process to accurately apply incoming payments.

Skills

Organizational Skills

Time Management

Interpersonal Skills

Communication Skills

Ownership and Accountability

Education

Bachelor's Degree in Business

Bachelor's Degree in Economics

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

Advanced Education

Tools

Aderant

Elite (3E)

Microsoft Office Suite

Job description

Legal Finance Operations Manager (Trust)

A Prominent Global law firm based is searching for a new Legal Finance Operations Manager in its Los Angeles or Century City location. The Legal Finance Operations Manager will assist with overseeing and managing operational aspects of the legal finance department, focusing on trusts, inventory management and cash application functions. Candidates must have a background in Legal Operations and Finance with an emphasis on managing trust funds and optimizing workflows within the legal department.

Responsibilities include:

Trust Fund Management:

• Oversee the administration of all trust accounts. Ensure that all transactions are properly executed, documented, and compliant with fiduciary laws and internal policies.
• Provide supervision, conduct check-ins, and provide feedback to the Trust Accountant.
• Ensure all trust accounts adhere to relevant regulations, including any legal standards that govern fiduciary responsibility.
• Collaborate with and provide direction to Billing and Collections teams to take appropriate actions against inventory amounts.

Cash Application Management:

• Oversee the cash application process, ensuring that incoming payments are accurately applied to client accounts, trust funds, and invoices in a timely manner.
• Provide supervision, conduct check-ins, and provide feedback to the Accounts Receivable Analyst.

Qualifications:

• Exceptional organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
• Excellent interpersonal skills and ability to communicate effectively and collaborate across all levels of lawyers and staff.
• Strong ownership and accountability.

Experience:

• Proven experience in trust accounting, with at least 5 years in legal project management, billing, and/or accounting function.
• Bachelor’s degree required in Business, Economics, Finance, Accounting, or related field.
• Advanced education or degree, a plus.
• Experience working with legal billing software, particularly in Aderant or Elite (3E), preferred.
• Advanced experience with Microsoft Office Suite(Specifically Excel).

Compensation:
$180,000 per year