Cash Applications Specialist - (Hybrid Schedule) at Reed Smith LLP

Firm Information

Reed Smith is a global relationship law firm with more than 1,700 lawyers in 30 offices throughout the United States, Europe, Asia and the Middle East.

Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing, technology, and education. For more information, visit reedsmith.com.

Position Summary

The Cash Applications Specialist is responsible for the application of firm receipts with regards to client billing and miscellaneous firm funds. The specialist is also responsible for client account maintenance including but not limited to research via Elite inquiry, analysis and reapplication of funds per the request of the client.

Job Duties and Responsibilities

• Daily posting of cash receipts.
• Retrieving wire payment and lockbox receipts daily from the bank's electronic imaging system for posting client's account.
• Posting live checks and cas that are deposited daily in the bank.
• Posting of cash to Trust Accounts and distributing funds from these accounts by following specific rules set forth by the Accounting department.
• Perform small balance write offs as needed.
• Research and reapplication of cash postings as requested by attorneys, collectors and billers on behalf of the client.
• Research unidentified cash receipts and the processing of them.
• Work with Accounting Specialists to ensure that case is in balance at month end.
• Work with Accounting Specialists to research and correct monthly bank rec items.
• Coordinate the storing of cash receipts back up: dailiy, monthly, and yearly.
• All other cash receipt duties as assigned.

Job duties and responsibilities included are not exhaustive and may be supplemented as necessary. Reed Smith reserves the right to revise or modify job duties and responsibilities at any time.

Requirements

Education: High School Diploma or equivalent.

Experience: One year of general accounting experince and accounts receivable experience preferred. 3E experience and law firm or professional services experience a plus. Prior experience with trust accounts a plus.

Skills: Able to work well in a multiple-priority, deadline-driven environment. Must have excellent verbal and written communication skills. Able to communicate and interact effectively with all organizational levels. Must be able to work independently and display professional manner at all times. Strong PC skills and knowledge of MS Office Suite.

Other

Supervisory Responsibilities: None.

Equipment To Be Used: Personal computer and other office equipment such as telephone, calculator, fax, machine, copier, scanner, etc.

Essential Job Functions:

• Ability to communicate effectively, orally and in writing, with various personalities at all levels.
• Exceptional organizational and time management skills.
• Ability to handle multiple tasks on a daily basis and complete assignments within set timelines.
• Must possess great interpersonal and communication skills.
• Attention to detail and accuracy are critical skills necessary for ensuring precision and quality in all tasks and responsibilities.
• Ability to sit and/or stand for prolonged periods, intense eye usage, and finger, hand and wrist dexterity associated with prolonged computer use.
• Ability to utilize technology, including computers and telecommunication devices.
• Ability to read and interpret written documents, computer screens and other visual displays accurately.
• Ability to hear and understand verbal communication, including conversations and instructions, is important for effective collaboration and communication.
• Must work in office as required.

Working Conditions: Works in typical office setting and/or remotely. Occasionally called upon to work hours in excess of your normal daily schedule.

Pay Ranges: This represents the presently-anticipated low and high end of Reed Smith’s pay range for this position. Actual pay may vary based on various factors, including but not limited to location and experience.

• Pittsburgh:   $45,200 - $55,900

Benefits Package Summary:

• 401k Plan
• Medical
• Health Savings Account
• Virtual Health
• Dental
• Vision
• Accident
• Hospital indemnity
• Critical illness
• Life insurance
• Short term disability
• Long term disability
• Flexible Spending Accounts
• Lyra Health EAP
• Paid Family Leave
• College Savings Plan
• Transportation benefit
• Back-up Child Care
• College Coach
• Pet insurance
• Paid time off

Reed Smith offers a challenging work environment, business casual dress code and a total compensation package that includes a competitive salary, flexible benefits program, tuition assistance, and generous 401 (k) plan.

Reed Smith is an Equal Opportunity Employer. Reed Smith's success depends heavily on the effective utilization of qualified people, regardless of their race, ancestry, religion, color, sex, age, national origin, sexual orientation, gender identity and/or expression, disability, veteran's status, or any characteristic protected by law. As a firm, we adhere to and promote equal employment opportunity for all.

Reed Smith provides reasonable accommodations for persons with disabilities, including in the application and interview process.

Qualified candidates only. No search firms.