Senior Collections Specialist
5 days ago
Parker Placements NY, Inc. is a mid-sized, Am Law 200 firm with a strong presence in New York City, Miami, and Los Angeles. Our firm is known for its commitment to integrity, efficiency, and style, creating a dynamic and supportive work environment.
Position OverviewThe Collections Manager is a critical role within our firm, responsible for developing and implementing strategies to optimize cash flow and minimize bad debt. This position requires a detail-oriented and analytical individual with excellent communication skills to negotiate payment plans and maintain positive relationships with clients.
Key Responsibilities- Develop and implement collection strategies to improve rates and minimize debt
- Analyze financial data to identify trends and areas for improvement
- Develop and enforce collection policies and procedures
- Negotiate payment terms and resolve outstanding balances with clients
- Handle escalated collection issues and disputes
- Maintain accurate records and prepare regular reports on collection activities
- Forecast collection trends and set goals
- Recommend improvements to collection processes based on data analysis
- Ensure compliance with relevant laws and regulations
- Bachelor's degree or higher in finance, accounting, or a related field
- Minimum of 5 years of experience in collections, with a focus in legal
- Strong knowledge of legal billing procedures and regulations
- Strong analytical and problem-solving abilities
- Experience working with ERP platforms and BI dashboards
- Ability to work well independently and within a team
- Ability to work under pressure and meet tight deadlines
- The salary offered to a successful candidate will be approximately $80,000-$120,000 and is dependent on several factors
- This firm offers a comprehensive benefits package including health plans, dental plan, vision plan, life insurance, short- and long-term disability, flexible spending accounts, 401(k) plan, commuter benefit plan, and EAP
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