Accounts Receivable Specialist
Rockville Centre, NY
Full Time
Mid Level
Falcon Rappaport & Berkman LLP is a full-service, rapidly growing, and entrepreneurial law firm focused on an interdisciplinary approach to the practice. Our team is composed of thought leaders across a variety of practice areas, including some of the nation’s leading voices on web3, taxation, and a variety of other fields. We bring together experts across all of our departments to achieve extraordinary results.
With us, respect, appreciation, and quality of life come first and foremost. We care deeply about the people we bring into our firm and offer a unique emphasis on professional development, marketing, and overall balance. We work collaboratively across the entire firm to drive client success.
Role Summary
The Accounts Receivable Specialist is responsible for managing the firm’s receivables function, including processing and applying payments, reconciling accounts, monitoring overdue balances, and ensuring accurate financial records. This role plays a vital part in maintaining the firm’s financial health and cash flow and involves regular collaboration with the Billing Manager and team members. This is a hybrid position, requiring in office attendance the first six months in either of our NYC or RVC offices.
Key Responsibilities
Salary range: $70-$80k
With us, respect, appreciation, and quality of life come first and foremost. We care deeply about the people we bring into our firm and offer a unique emphasis on professional development, marketing, and overall balance. We work collaboratively across the entire firm to drive client success.
Role Summary
The Accounts Receivable Specialist is responsible for managing the firm’s receivables function, including processing and applying payments, reconciling accounts, monitoring overdue balances, and ensuring accurate financial records. This role plays a vital part in maintaining the firm’s financial health and cash flow and involves regular collaboration with the Billing Manager and team members. This is a hybrid position, requiring in office attendance the first six months in either of our NYC or RVC offices.
Key Responsibilities
- Payment Processing: Accurately record and apply incoming payments, write-offs, credit memos, and unapplied balances to client accounts and ledgers.
- Account Reconciliation: Reconcile accounts receivable ledgers to ensure all payments and transactions are accurately reflected.
- Collections: Monitor client accounts, follow up on overdue invoices, and initiate collection procedures as appropriate.
- Client Communication: Respond to client inquiries regarding billing and payments, resolving discrepancies promptly and professionally.
- Reporting: Prepare accounts receivable reports and provide financial data to internal teams. Manage the preparation of monthly firm credit card reports, ensuring timely and accurate compliance.
- Bachelor’s Degree
- Minimum of 2 years of experience handling accounts receivables
- Strong attention to detail and accuracy in financial recordkeeping.
- Solid analytical skills with the ability to identify and resolve discrepancies.
- Excellent written and verbal communication skills for client and team interactions.
- Proficiency in Microsoft Office Suite and experience with legal billing software.
- Strong organizational skills with the ability to manage multiple tasks and deadlines.
- Familiarity with law firm billing practices and procedures preferred.
Salary range: $70-$80k
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