What are the responsibilities and job description for the Accounts Receivable Specialist position at McGuireWoods LLP?
Overview
McGuireWoods has an Accounts Receivable Position open in our Richmond, VA office. Daily responsibilities will include applying incoming check/wire payments, the receipt and research of incoming checks and wires, timely cash processing, and applying cash (checks) and wires to client accounts.
McGuireWoods, one of the world’s leading law firms, has provided legal solutions to corporate, individual and nonprofit clients since 1834. Diversity and inclusion are essential to how we do business, informing how we recruit, retain and promote lawyers and staff to serve clients. Along with excellent benefits, McGuireWoods offers most employees a hybrid remote option allowing flexibility and work-life balance. Our Applicant Disclosures describe your rights. Our Privacy Statement describes how we will process and safeguard your personal data.
Responsibilities
- Apply incoming check/wire payments per firm policy.
- Expedite incoming check/wires from the bank and ensure client payment is properly credited
- Research incoming check/wires that lack application instructions to ensure timely processing of payments.
- Apply check/wires to client accounts per instructions received from client remittance, secretary or attorney.
- File all batches and maintain control of filing system
- Prepare and process credit card transactions from clients as needed.
- Prepare and execute write-off forms according to authorization guidelines.
- Prepare checks for deposit by running an adding machine tape and deposit through the Remote Deposit System (RDS).
- Act as back-up to A/R Specialist (checks/wires) during vacations and time away from workstation.
- Ability to be on site – this position is an essential need for processing payments in office daily.
Qualifications
- Requires high school diploma or GED and a minimum of 2 years related cash application and accounts receivable (A/R) experience.
- 10-key ability a plus.
- Ability to use Excel, Outlook and remote deposit systems.
- Ability to work under pressure and handle multiple tasks simultaneously.
- Proactive and detail-oriented team-player with strong organizational abilities and critical thinking skills.
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