Senior Collections Specialist

5 days ago


New York, New York, United States Parker Placements NY, Inc. Full time
Firm Overview

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 Overview

The 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
Requirements
  • 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
Compensation & Benefits
  • 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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