Collections Coordinator/LAW firm
2 months ago
Responsible for various aspects of collections of accounts receivables from clients,
following established Firm procedures. The role involves analyzing financial data, negotiating payment plans
and maintaining accurate records to optimize cash flow and minimize bad debt.
LAW FIRM COLLECTIONS REQUIRED
o Contact clients directly for payment of outstanding bills by phone and e-mail.
o Review open and/or assigned accounts to develop strategy for client collection efforts.
o Monitor and review account receivable reports to assess collections needs for assigned partners
and counsel.
o Handle escalated collection issues and disputes.
o Ensure proper documentation of payment agreements and communication with clients.
o Research and resolve client A/R issues including detailed account reconciliation as needed.
o Act as a liaison to resolve client billing disputes.
o Maintain positive relationships with clients while ensuring timely payments.
o Analyze data to forecast collection trends and set goals.
o Keep Firm management, partners and counsel informed of potential collection issues.
o Research client payment histories to determine special payment agreements. Meet with partners,
counsel, and other members of the collections team to discuss special payment agreements or
collection plans for assigned accounts.
o Prepare reports on collection activities, outstanding debts and performance metrics.
o Create and implement strategies to improve collections.
o Work to reduce the percentage of outstanding Accounts Receivable.
o Provide management with status reports on collection activities monthly.
o Manage the reminder notice process for all assigned accounts.
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