What are the responsibilities and job description for the Collections Specialist position at Ray Thomas?
Hybrid Position: 1-2 Days a Week in Office
Our company, a leading law firm based in the Midwest, is looking to expand its Finance Department with an exciting opportunity. Join our growing team in the role of a Collections Specialist, a full-time position that also offers hybrid work options. In this capacity, your primary responsibilities will involve maintaining control over credit limits during new business intake and ensuring the timely collection of client invoices. You will accomplish this by identifying problematic accounts and proposing suitable courses of action.
The Collections Specialist role entails a variety of tasks, including communicating with clients via telephone and email to address invoice receipt and payment status. Negotiating payment arrangements and monitoring compliance with payment plans are also integral aspects of the role. You will collaborate closely with billing attorneys and may recommend involving external collection agencies when necessary. Reporting on the status of accounts aged over 90 days to the Billing & Collections Committee will be part of your regular duties. Additionally, you will be responsible for upholding the accuracy and integrity of our Accounts Receivable system and obtaining relevant reports for potential new clients, documenting this information for reference. Managing the department's telephone line and email correspondence will be another facet of your role.
To qualify for this position, candidates should possess a minimum of three years of collections experience, ideally gained within a law firm or professional services setting. While experience within the legal industry and familiarity with its financial systems are advantageous, they are not mandatory. Proficiency in standard business software applications, including office software, is a requirement. The ideal candidate will excel in communication, exhibit strong multitasking abilities, and maintain a high level of service orientation within a dynamic work environment.
We invite interested individuals to apply exclusively through our online portal. Applicants will be prompted to submit a cover letter and resume as part of the application process. Should you require assistance during this process or need accommodations, please reach out to us.
At our company, we are dedicated to fostering diversity and inclusion, which are integral to our core values. We believe that by cultivating a diverse workforce, we can provide innovative solutions to our clients' needs. In addition to offering highly competitive compensation packages, we provide comprehensive benefits within a collaborative work environment. Renowned for our commitment to where law and business meet, our attorneys and staff bring a unique blend of business acumen and entrepreneurial thinking, enabling us to serve as trusted business advisors, strategic partners, and legal counselors to our clients.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Physical setting:
- Office
Schedule:
- Monday to Friday
Work Location: Hybrid remote in Minneapolis, MN 55402
Salary : $60,000 - $70,000