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Trust Accountant
4 weeks ago
Who We Are:
Fredrikson & Byron is the premier Midwest-based law firm working collaboratively to help businesses achieve their goals regionally, nationally, and globally.
Overview:
We are seeking a Trust Accountant to support our Finance Department. This role is crucial in assisting with the bookkeeping operation of pooled trust accounts in compliance with IOLTA regulations. The ideal candidate will provide timely and courteous service to business partners and help the department adapt to the firm's deliverables and agenda.
Key Responsibilities Include:
- Organize, track, and respond to trust accounting inbox communications while building and maintaining professional relationships with attorneys and their staff.
- Perform bookkeeping functions for trust account activity in compliance with IOLTA Rule 1.15, including monthly reconciliations for supervisory and compliance review.
- Organize, record, and issue closing settlements, and assist with monitoring bank accounts for recording needs on trust deposits.
- Aggregate W-9's for vendor set up workflow and evaluate 1099 tax implications on general disbursements.
- Monitor and follow up on outstanding checks flagged in bank reconciliations and assist in filing unclaimed property.
- Print checks, acquire attorney signatures, and retain signed check scans for record-keeping requirements.
- Initiate banking wires and retain wire confirmations for record-keeping.
- Prepare letters to notify clients when trust money is used for earned fee invoices.
- Coordinate with billing staff on client ledger balances and review and monitor internal controls in trust processes.
Our Ideal Candidate Will Have:
- 4-year degree, preferably related to accounting or finance
- 2+ years of relevant experience
- Experience or skills related to IOLTA regulations or trust accounting
- Experience with reconciliation and internal controls
- Applicant should be personable for intra-departmental communications and functions well under the pressure of deadlines/deliverables
- Strong organizational and communication skills
- Ability to work effectively in a hybrid work environment
Applying For This Position:
Applications will only be accepted online at , and applicants will be asked to submit a cover letter and resume. For assistance with the application process, or for accommodations, please contact
We are not accepting search firm submissions for this position at this time.
About Fredrikson:
Diversity and inclusion are core values of Fredrikson & Byron. To best serve our clients, we provide innovative solutions to legal needs by cultivating a diverse workforce. We offer highly competitive salaries, hybrid remote work environment and comprehensive benefits in a collaborative work environment. With a reputation as the firm "where law and business meet," our attorneys and staff bring business acumen and entrepreneurial thinking to operate as business advisors, strategic partners, and legal counselors to our clients. The firm's 375+ attorneys serve clients through our ten locations around the world: Minneapolis, Saint Paul, and Mankato, MN; Bismarck and Fargo, ND; Ames and Des Moines, IA; Madison, WI; Saltillo, Mexico, and Shanghai, China. Visit for more information.
Fredrikson & Byron, P.A. is an Equal Employment Opportunity and Affirmative Action employer.
Equal Employment Opportunity/Affirmative Action
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