Senior Collections Coordinator

Consultative Search Group; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

A large global professional services firm is seeking a Senior Collections Coordinator to enhance financial health and client relationships. Key responsibilities include managing accounts receivable, communicating with the Revenue team, and providing financial data. Ideal candidates have excellent communication skills, strong technology proficiency, and 3+ years of experience in a legal or professional services context. Compensation ranges from $110,000 to $150,000 per year.

Qualifications

• 3 years of experience in a legal or professional services environment.
• Exposure to general accounting practices.

Responsibilities

• Develop understanding of office’s A/R through meetings.
• Coordinate with billing attorneys on action to address aged A/R.
• Update billing attorneys and Revenue team on outstanding items.

Skills

Excellent verbal and written communication skills

Strong technology skills

Intermediate knowledge of MS Office and Excel

Knowledge of 3E, CMS, or similar legal accounting systems

Experience with professional services collections strategies

Education

High school diploma or equivalent

Bachelor's degree in accounting or related field

Job description

Overview

Large global professional services firm seeks a Senior Collections Coordinator to join their team. This role will be responsible for supporting the firm’s overall financial health and strengthening client relationships, while monitoring the office’s accounts receivable (A/R) and actively engaging with attorneys, Attorney Support Assistants, Senior Coordinators, Revenue Coordinators, and Assistants (the “Revenue team”), and clients to facilitate timely payments.

Responsibilities

• Developing an understanding of the practice office’s A/R through regular meetings with billing attorneys, the Revenue team, and Attorney Support Assistants/Specialists, and documenting this information in the firm’s internal inventory management tracking systems
• Coordinating with the billing attorneys and the Revenue team to determine the most appropriate course of action to address aged A/R, collect payment, and reduce collection days
• Constantly updating billing attorneys and Revenue team members on outstanding items that require action and may conduct client outreach on action items as directed by billing attorneys
• Producing regular and ad hoc financial and statistical information for the Senior Accounting Manager, Finance Committee, practice office leadership, and, as requested, billing attorneys, exhibiting judicious use of financial systems
• Serving as an escalation point for the Revenue team to guide them or take on more complex or challenging collections issues
• Protecting and maintaining any highly sensitive, confidential, privileged, financial, and/or proprietary information

Qualifications

• Exhibit excellent verbal and written communication skills
• Possess strong technology skills, including intermediate knowledge of MS Office and Excel
• Demonstrate knowledge of 3E, CMS, or similar legal accounting systems
• A high school diploma or equivalent required
• A bachelor’s degree in accounting, or related field, preferably
• A minimum of three (3) years of experience working in a legal or professional services environment, including exposure to general accounting practices
• Experience with professional services collections strategies, preferably

Compensation: $110,000-$150,000 per year