Accounts Receivable Analyst

Chicago, IL, United States

Overview:

Mayer Brown is an international law firm positioned to represent the worlds major corporations, funds, and financial institutions in their most important and complex transactions and disputes. We are recognized by our clients as strategic partners with deep commercial instincts and a commitment to creatively anticipating their needs and delivering excellence in everything we do.

We are a collegial, collaborative, and diverse firm where highly motivated individuals with an unwavering commitment to excellence receive the opportunity, support, and development they need to grow, thrive, and realize their greatest potential all while supporting the Firms client service principles of excellence, strategic partnership, commercial instinct, integrated strengths, innovation, and collaboration across our international firm.

If you enjoy working with team members whose defining characteristics are exceptional client service, initiative, professionalism, responsiveness, and adaptability, you may be the person we are seeking to join our Finance - Operations department in our Chicago office as an Accounts Receivable Analyst.

The Accounts Receivable Analyst manages a portfolio of Firm partners, ensuring timely and effective recovery of outstanding payments from clients. The role requires providing exemplary support to assigned partners in managing their accounts receivable, facilitating effective communication with clients, providing reporting and analysis, meeting collections targets and implementing strategies to enhance cash flow and minimize overdue balances.

Responsibilities:

Essential Functions:

Implements effective collection strategies that ensure timely collection of payments from clients

Fosters positive relationships with partners, clients and internal stakeholders to facilitate effective collaboration and resolution of collection issues

Proactively follows up, conceives solutions and solves problems

Provides reports, analyses, and recommendations to partners

Serves as a point of contact for clients on payment inquiries, disputes and overdue balances

Collaborates with billing and other administrative teams to address billing inquiries and disputes

Effectively utilizes the Firm's financial systems and software for tracking collections, noting statuses, updating contact information and generating reports

Maintains strong records of commentaries on collection efforts and statuses

Prepares and presents regular reports on collection performance, aging reports and other metrics

Ensures compliance with Firm policies, legal requirements and client agreements

Identifies opportunities for process improvements and efficiencies in the collection process

Regularly reconciles accounts and resolves discrepancies to ensure accurate and current records

Meets collection targets

Assists with special projects and other tasks as assigned

Qualifications:

Education/Training/Certifications:

Bachelors degree in Accounting, Finance, Business or related field, strongly preferred

An equivalent combination of education and/or experience may be considered in lieu of a degree when the experience has been directly related to the functions of the job

Professional Experience:

Minimum five years of professional experience required

Minimum two years collections experience strongly preferred

Legal or other professional services experience strongly preferred

Technical Skills:

Proficiency in Microsoft Office Suite products, required

Proficiency in data analysis and use of PowerBI, preferred

Experience with collections software, preferred

Performance Traits :

Demonstrates a natural inclination toward providing exemplary service and upholding high standards of excellence

Skilled in cultivating strong relationships and fostering trust among partners, clients and colleagues

Exhibits meticulous attention to detail when pursuing payments, documenting actions and maintaining pristine records

Exhibits confidence in pursuing payments, navigating negotiations, upholding Firm policies and effectively escalating issues

Demonstrates sharp critical thinking abilities, excels in problem-solving and applies analytical skills to resolve complex billing and collection challenges

Communicates clearly and professionally, with refined verbal articulation and precise written correspondence

Possesses a genuine propensity for self-reflection, collaboration and teamwork

Applies disciplined organizational skills and effective prioritization to consistently achieve desired results

Demonstrates resilience and composure in challenging situations, maintaining focus and determination to overcome obstacles

Takes ownership and accountability for tasks and outcomes, aligning with departmental values, culture, and commitments to excellence

The above is a general description of the essential duties associated with this position and does not represent an exhaustive or comprehensive list of all duties.

The Firm may modify and amend this job description at any time at its sole discretion. Nothing herein creates a contract of employment or otherwise modifies the at-will nature of employment.

We offer competitive compensation and comprehensive benefits, including medical/dental/vision/life/and AD&D insurance, 401 (k) savings plan, back-up childcare and eldercare, generous paid time off (PTO), as well as opportunities for professional development and growth.

Thank you for your interest in Mayer Brown. We are committed to providing equal opportunity and reasonable accommodations to applicants and employees with disabilities and disabled veterans. To request a reasonable accommodation related to the application process and/or job interview, please email [email protected] . All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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