Finance Specialist Jobs in Illinois

INTRODUCTION

REMOTE: Collections Specialist needed for Large Law Firm (must have strong Legal Industry experience)

This Jobot Job is hosted by: James Moon

Are you a fit? Easy Apply now by clicking the "Easy Apply" button and sending us your resume.

Salary: $75,000 - $85,000 per year

A bit about us:

We are one of the largest law firms in the US!

Why join us?

- Large corporate environment
- Strong tenure of team members and support
- Great benefits
- Fully remote option

JOB DETAILS

We are seeking an experienced Collections Specialist to join our dynamic law firm. This is an excellent opportunity for a seasoned professional to showcase their skills in portfolio management, attorney relations, and accounts receivable (A/R) management. The ideal candidate will have a minimum of 5 years of experience in a similar role and a proven track record of success in managing collections and recovery activities. The successful applicant will play a crucial role in our financial stability, working closely with our legal team and clients to ensure timely and accurate collection of outstanding payments.

Responsibilities:

As a Collections Specialist, your main responsibilities will include:
1. Managing a portfolio of accounts to identify outstanding debts and oversee their recovery.
2. Collaborating with attorneys to initiate and monitor the legal process for debt recovery, ensuring compliance with all relevant laws and regulations.
3. Developing and implementing effective recovery strategies to minimize the company's credit risk.
4. Negotiating with clients to establish repayment plans in line with their financial capabilities.
5. Analyzing financial data to identify trends, risks, and opportunities associated with the collection process.
6. Preparing and presenting reports on collection activities and progress.
7. Maintaining accurate and up-to-date customer account information in the A/R system.
8. Building and maintaining strong relationships with attorneys, clients, and other stakeholders.

QUALIFICATIONS

To be considered for the role of Collections Specialist, applicants must have:
1. A minimum of 5 years of experience in collections, portfolio management, or a related field, preferably within the legal industry.
2. Proven experience in managing A/R systems and liaising with attorneys.
3. Excellent negotiation and communication skills, with the ability to handle sensitive situations professionally and confidentially.
4. Strong analytical skills, with the ability to interpret financial data and identify trends.
5. A high level of accuracy and attention to detail, with the ability to manage multiple tasks simultaneously.
6. A strong understanding of relevant laws and regulations relating to debt recovery.
7. The ability to build and maintain strong relationships with a variety of stakeholders.
8. A bachelor's degree in finance, business, law, or a related field is preferred.

This is an exciting opportunity for a seasoned collections professional to take their career to the next level. If you have the skills and experience we are looking for, we would love to hear from you. Interested in hearing more? Easy Apply now by clicking the "Easy Apply" button.

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