Unapplied Credits Specialist

4 weeks ago

Chicago, United States McDermott Will and Emery Full time

Build your big career with the Firm that does Big Law better McDermott Will & Emery is a leading global law firm that brings together more than 1,400 lawyers and 1,200 business professionals. We celebrate excellence, collaboration and community and have been recognized as a top workplace by The American Lawyer, Working Mother Magazine, Vault and the Human Rights Campaign.

At McDermott, we don't just invest in your future, we accelerate your career - wherever it may lead. That includes supporting you both in and outside of the office.

With us, you'll find:

  • A Firm where everyone belongs: Our award-winning culture prioritizes warmth and authenticity - we encourage you to be yourself
  • Enthusiasm for diverse perspectives: We're smarter and stronger when everyone has a voice and a seat at the table. We welcome unique viewpoints and ideas, and we make opportunities for you and your career to thrive.
  • Support to feel your best and do your best: Wellness is integral to building a successful career and a rich life. That's why our benefits program supports your physical, emotional, mental and financial health, with an emphasis on work/life balance.
  • Real rewards for real work: We offer generous compensation packages that recognize hard work and excellence.
Job Description:

Position Summary:
The Unapplied Credits Specialist researches and addresses unapplied and unallocated receipts collected from clients. This position effectively communicates with clients, internal and external business partners at all levels throughout the firm. The Unapplied Credits Specialist works under general supervision to plan and accomplish goals.

Essential Functions and Responsibilities:
- Compile and maintain unidentified cash receipts in spreadsheet
- Design workflows to effectively address unapplied cash balances
- Create transfers, reallocations and apply on account credit funds as directed by staff, billing attorneys or secretaries
- Process approved accounts receivable write -off requests and payment reversals from billing attorneys
- Craft reports for unapplied balances for management to review
- Provide timely follow up to billing attorneys of all unidentified cash receipts
- Liaise effectively with attorneys and vendors to determine the correct allocation of checks
- Monitor cash receipts spreadsheets to reduce and maintain the balance of unidentified client receipts
- Ensure funds are accurately and promptly applied to client accounts by communicating findings to the cash receipts team
- Research and resolve all unapplied cash accounts weekly to general ledger reports
- Assist the credit and collections department with the resolution of client short pays and or duplicate payments
- Assist with daily cash receipts posting and deposits as is necessary

Job Specifications:
- Associate's degree
- At least two (2) years of related work experience
- Intermediate knowledge of Microsoft Excel
- Knowledge of Microsoft Office Suite (Outlook, PowerPoint, and Word)
- Knowledge of simple to complex accounting applications
- Strong written and verbal communication skills
- Ability to work under tight deadlines and prioritize responsibilities
- Ability to handle and maintain confidential information
- Ability to work effectively in a fast-paced environment
- Law firm experience preferred
Experience using Aderant is a plus

As part of our ongoing commitment to be #AlwaysBetter for our people, clients and communities, we have created a culture of belonging that champions your individuality as both a person and a professional. From our competitive compensation, top benefits and award-winning professional development programs to industry-leading wellness initiatives, we support you through every stage of your life and career. With McDermott, you can live a life you love both in and outside of the office.

Physical Demands and Work Environment:

The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:
  • While performing the duties of this job, the employee is required to sit, use hands, reach with hands and arms, stoop, talk and hear
  • Employee must occasionally lift up to twenty (20) pounds


Work Environment:

Typical indoor office environment

Disclaimer:

The above statements are intended to describe the general nature and level of the work being performed by people within this classification. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of employees assigned to this job.

  • Financial Credit Specialist

    2 weeks ago

    Chicago, Illinois, United States Crédit Agricole Group Full time

    Position Title:Financial Credit Specialist / Senior Financial Credit Specialist Overview:Become a key member of our team at Crédit Agricole Group, where you will take charge of evaluating credit applications and conducting annual assessments.Core Responsibilities: Execute comprehensive credit evaluations for designated accounts Develop credit proposals in...

  • Credit and Collections Specialist

    4 weeks ago

    Chicago, United States The LaSalle Group Full time

    Are you a finance aficionado with a desire to dive into the heart of the technology realm? Look no further! LaSalle Network has partnered with a trailblazing technology powerhouse, who is on the lookout for a dynamic Credit and Collections Specialist to bolster their finance division. If you are a proactive go-getter with a passion for finance and a solid...

  • Credit Risk Assessment Specialist

    2 weeks ago

    Chicago, Illinois, United States CME Group Full time

    The Credit Risk Assessment Specialist will play a crucial role in pinpointing, analyzing, measuring, overseeing, and documenting significant risks associated with CME Clearing's counterparties and exposures. The main duty of the Specialist is to evaluate and track the credit risk posed by counterparties while assigning internal credit ratings based on...

  • Credit Underwriting Specialist

    1 month ago

    Chicago, United States Adyen Full time

    This is Adyen Adyen provides payments, data, and financial products in a single solution for customers like Meta, Uber, H&M, and Microsoft - making us the financial technology platform of choice. At Adyen, everything we do is engineered for ambition.  For our teams, we create an environment with opportunities for our people to succeed, backed by the culture...

  • Credit Underwriting Specialist

    1 month ago

    Chicago, Illinois, United States Adyen Full time

    This is AdyenAdyen provides payments, data, and financial products in a single solution for customers like Meta, Uber, H&M, and Microsoft - making us the financial technology platform of choice. At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with opportunities for our people to succeed, backed by the culture...

  • Credit Collections Specialist

    1 week ago

    Chicago, Illinois, United States North Bridge Staffing Group Full time

    Job SummaryNorth Bridge Staffing Group is seeking a highly skilled and motivated individual to fill the role of Credit Collections Specialist. As a key member of our team, you will be responsible for providing comprehensive support to our customers, focusing on accounts receivables while also assisting the sales field.Key ResponsibilitiesHandle inbound and...

  • Underwriting Specialist, Trade Credit

    2 weeks ago

    Chicago, United States AIG Full time

    Underwriting Specialist - Trade Credit This Underwriting Specialist role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills. Make your mark in Underwriting AIG underwriting teams help to find insurance solutions in areas...

  • Credit Risk Assessment Specialist

    2 weeks ago

    Chicago, Illinois, United States Alliant Credit Union Full time

    Position Overview:As a Credit Risk Assessment Specialist, you will be responsible for developing and evaluating credit policies and strategies, along with analytical frameworks for loan origination and loss forecasting.Key Responsibilities:- Analyze relevant data to identify both quantitative and qualitative factors influencing credit risk for consumer and...

  • RCM Specialist Cash Application

    2 months ago

    Chicago, Illinois, United States Help At Home Full time

    Help at Home, LLC, is the nation's leading provider of high-quality care and support solutions. Our goal is to enable the highest level of personal independence and meaningful lives for our clients. Help at Home is committed to delivering a gold standard in care through our attentive and well-trained staff who support making it possible to keep people...

  • Credit Risk Assessment Specialist

    2 weeks ago

    Chicago, Illinois, United States Alliant Credit Union Full time

    Position Overview:As a Credit Risk Assessment Specialist, you will be responsible for the formulation and evaluation of credit policies and methodologies, alongside the development of analytical frameworks for loan origination and loss forecasting.Key Responsibilities:- Analyze data to identify both quantitative and qualitative elements influencing credit...

  • Credit Risk Assessment Specialist

    2 weeks ago

    Chicago, Illinois, United States Bank of Montreal Full time

    Application Overview:As a key player in the Audit, Risk & Compliance division, the Credit Risk Assessment Specialist conducts thorough evaluations of credit portfolios to ensure the accuracy of risk ratings and the overall quality of assets. This role is essential for effective risk management, providing critical insights to senior leadership regarding the...

  • Principal Consumer Credit Risk Specialist

    4 weeks ago

    Chicago, United States Mitchell Martin Inc. Full time

    Our client, a large financial services organization, is seeking a Principal Consumer Credit Risk Specialist to join the team. Responsibilities:Leads and executes CCAR Reviews based on CCAR’s annual plan. Responsibilities include providing thought leadership & strategic thinking in developing review scope and work plan; coordinating with business partners...

  • Principal Consumer Credit Risk Specialist

    4 weeks ago

    Chicago, United States Mitchell Martin Inc. Full time

    Our client, a large financial services organization, is seeking a Principal Consumer Credit Risk Specialist to join the team. Responsibilities:Leads and executes CCAR Reviews based on CCAR’s annual plan. Responsibilities include providing thought leadership & strategic thinking in developing review scope and work plan; coordinating with business partners...

  • Principal Consumer Credit Risk Specialist

    1 week ago

    chicago, United States Mitchell Martin Inc. Full time

    Our client, a large financial services organization, is seeking a Principal Consumer Credit Risk Specialist to join the team. Responsibilities:Leads and executes CCAR Reviews based on CCAR’s annual plan. Responsibilities include providing thought leadership & strategic thinking in developing review scope and work plan; coordinating with business partners...

  • Principal Consumer Credit Risk Specialist

    1 week ago

    chicago, United States Mitchell Martin Inc. Full time

    Our client, a large financial services organization, is seeking a Principal Consumer Credit Risk Specialist to join the team. Responsibilities:Leads and executes CCAR Reviews based on CCAR’s annual plan. Responsibilities include providing thought leadership & strategic thinking in developing review scope and work plan; coordinating with business partners...

  • Credit Risk Specialist

    6 days ago

    Chicago, Illinois, United States Canadian Imperial Bank of Commerce Full time

    About the RoleWe are seeking a skilled Credit Risk Analyst to join our team at the Canadian Imperial Bank of Commerce. As a Credit Risk Analyst, you will play a critical role in assessing the creditworthiness of commercial obligors and providing recommendations to support informed lending decisions.Key ResponsibilitiesConduct thorough credit reviews of...

  • Credit Operations Associate

    2 weeks ago

    Chicago, Illinois, United States CIBC Full time

    At CIBC, we are dedicated to fostering a relationship-focused banking environment tailored for today's world. We seek skilled and passionate individuals who prioritize the best interests of our clients. We recognize and celebrate your unique strengths and aspirations, empowering you to excel in your role. Our team members are equipped with the resources they...

  • Financial Credit Specialist

    2 weeks ago

    West Chicago, Illinois, United States The Jel Sert Company Full time

    For nearly a century, The Jel Sert Company has dedicated itself to producing high-quality, high-value food and beverage products that foster connections among people. Jel Sert has been recognized as a Great Place to Work since 2022. We are currently seeking a committed and enthusiastic individual to become part of our team as a FINANCIAL CREDIT SPECIALIST....

  • Credit Operations Specialist

    2 weeks ago

    Chicago, Illinois, United States Bank of America Full time

    Credit Service AssociateLocation: RemoteJob Overview:At Bank of America, we are driven by a shared mission to enhance financial well-being through meaningful connections. Our commitment to Responsible Growth shapes our operations and our dedication to clients, employees, communities, and shareholders alike.We strive to create an inclusive and diverse...

  • Credit Operations Specialist

    2 weeks ago

    Chicago, Illinois, United States The Bank of America Corporation Full time

    About UsAt Bank of America, we are driven by a shared mission to enhance financial well-being through meaningful connections.Role OverviewThe Credit Service Associate plays a pivotal role in ensuring exceptional client experiences. This position is essential for maintaining strong relationships with clients and managing their credit portfolios...