Manager, Client Finance

Paul Hastings; Boston (MA); On-site; USD 70,000 - 110,000; Full time

Job summary

An established industry player seeks a dynamic Manager for Client Finance to lead a team in managing a multi-million dollar accounts receivable portfolio. This role involves proactive management, mentoring, and collaboration with various stakeholders to enhance financial processes and maximize collections. You will have the opportunity to develop strategic relationships, mentor team members, and contribute to the firm's financial goals while enjoying a generous compensation package and comprehensive benefits. If you thrive in a collaborative environment and are passionate about finance, this role is perfect for you.

Benefits

Medical, Dental, Vision Insurance

Flexible Spending Account

Lifestyle Spending Account

Voluntary 401(k) Plan

Paid Parental Leave

Employee Assistance Program

Professional Development Programs

Transportation and Commuter Benefits

Employee Discounts

Qualifications

• 5+ years of collections or finance experience in a professional services environment.
• Bachelor's degree or equivalent experience preferred.

Responsibilities

• Manage the Client Finance team and oversee collection activities.
• Review reports, mentor staff, and improve processes in Client Finance.
• Negotiate settlements and resolve billing issues effectively.

Skills

Collections Management

Financial Analysis

Team Leadership

Client Relations

Negotiation

Problem Solving

Education

Bachelor Degree in Business, Economics or Finance

Job description

Manager, Client Finance

Paul Hastings is a leading international law firm that provides innovative legal solutions to many of the world's top financial institutions and Fortune Global 500 companies. With a strong presence throughout the U.S., Asia, Europe, Latin America, and the Middle East, we have the global reach and extensive capabilities to provide personalized service wherever our clients’ needs take us. As one of the world’s leading law firms, we seek dynamic individuals who share our commitment to service, innovation, and professional growth.

We have an opening for a Manager, Client Finance.

Under the direct supervision of the Senior Manager, Client Finance and the indirect supervision of the Director of Client Finance, the Manager, Client Finance is responsible for overseeing the Client Finance Portfolio Manager team members, acts as a revenue liaison with the firm office chairs, as well as the Chief Operations Officer and manages and facilitates the collection activity of a multi-million dollar accounts receivable portfolio.

In this capacity, the Manager, Client Finance will:

• Responsible for the proactive management of the Client Finance team, including receiving requests from attorneys and clients related to outstanding amounts and account reconciliations, analyzing the request and delegating tasks to the team for completion;
• Review high level firm inventory reports, disseminate reports to Firm’s office chairs and meet frequently with chairs to discuss planning and next actions on high value items, share feedback with relative billing and collections personnel;
• Identify, review and recommend changes and improvements to processes related to the Client Finance department in an effort to streamline workflow;
• Mentor and provide guidance to the Client Finance team when necessary;
• Meet with the Chief Operations Officer to discuss problem accounts that require escalation;
• Determine the collectability of the Firm’s receivables and review with the attorney office chairs of various offices;
• Coordinate with the Client Finance Portfolio Managers the collection of monies, including clients involved in bankruptcy and e-billing;
• Correspond with the billing attorney and/or relationship partner to propose the course of action to maximize collection dollars; Advise the Firm’s attorneys in matters of policy with respect to ethical issues, debtor work, billing procedures and write offs;
• Effectively resolve billing issues through coordination with the Billing department; Research disputed account balances, and suggest future actions to avoid such disputes when appropriate;
• Collaborate with Cash Receipt team to resolve payment issues; Provide advanced research, analysis and reconciliations;
• Negotiate settlements with clients; Escalate legal issues to management;
• Interview prospective new hires, train new hires on the Firms applications, including individualized training sessions dependent on client needs;
• Supervise Client Finance Portfolio Manager’s performance, set goals and provide professional development;
• Develop strategic relationships with internal and external clients to help achieve the Firm’s fiscal goals; and
• Work overtime as required, particularly during month-end and year-end.

Qualifications:

• Bachelor Degree (Business, Economics or Finance preferred) or equivalent experience;
• 5 years of collections or finance experience; and
• At least 7 years of experience in a professional services environment.

Employees will be provided with an excellent career opportunity in a collaborative environment, in addition to a generous total compensation package with the opportunity to earn bonuses based on individual contribution and firm profitability.

Eligible employees can participate in the Firm’s comprehensive benefits program, which include the following:

• Medical, Dental, Vision, Life/AD&D, Long Term Care, and Short- and Long-Term Disability
• Flexible Spending Account and Health Savings Account
• Healthcare Concierge and Advocacy
• Lifestyle Spending Account
• Voluntary 401(k) Plan and Profit Sharing
• 10 Paid Holidays per year and a generous PTO Program
• Family Support including Paid Parental Leave, Fertility Benefits, Breast Milk Shipping, Back-up Child Care, Elder Care, and Tutoring
• Wellbeing programs (Employee Assistance Program, Relationship Support, Mental Health and Well-Being Events)
• Anniversary Bonus Program
• Professional Development Programs
• Transportation and Commuter Benefits
• International Travel Insurance
• Auto/Home/Pet Insurance
• Prepaid Legal Insurance
• Employee Discounts
• And More!

The Firm has a range of inclusion initiatives including our Paul Hastings Affinity Networks (PHANs), Women’s Initiative, and PH Balanced. These initiatives, which are voluntary and open to all, provide a firmwide forum to share experiences, as well as an opportunity to participate in a supportive network with common interests.