Freshfields Bruckhaus Deringer Logo

Freshfields Bruckhaus Deringer

Accounts Receivable Analyst

Posted One Month Ago
Be an Early Applicant
In-Office
New York, NY, USA
90K-100K Annually
Mid level
In-Office
New York, NY, USA
90K-100K Annually
Mid level
Process and apply incoming client payments (wire, ACH, cheque), manage IOLTA/client trust accounts, reconcile cash and trust ledgers, research and resolve unidentified receipts, prepare cash and trust reports, enforce controls, and liaise with Billing, Collections, and AP.
The summary above was generated by AI

Overview of the Function

The Global Finance function ensures robust financial control across our global operations, whilst partnering with the firm as a valued commercial advisor, influencing strategic decision making and driving long term profitable growth for the firm.

We achieve our vision with all our people working collaboratively with a shared culture and identifying themselves as part of one inclusive Global Finance team.

Role summary/purpose of job

This is a role of critical importance and trust within our global finance function. As a Cashier, you will be a guardian of the firm's assets and, most importantly, our clients' funds. You will be responsible for the accurate and timely processing of all incoming payments and the meticulous administration of our client trust accounts. This position requires an individual with exceptional attention to detail, a strong sense of ownership, and an unwavering commitment to compliance and accuracy. You will play a vital part in upholding the firm's fiduciary duty and ensuring the integrity of our financial operations.

Key responsibilities and deliverables

Cash Receipting & Application:

  • Accurately and promptly process and apply all incoming client and office payments received via wire, ACH, and cheque across multiple currencies.
  • Research and resolve unidentified or unallocated cash receipts, liaising with clients, the collections team, and fee-earners as necessary.
  • Manage the daily cash reconciliation process for all receipts, ensuring the firm’s records match bank statements perfectly.

Client Money (IOLTA/Trust) Management:

  • Serve as a key operator in managing the firm's IOLTA (Interest on Lawyers' Trust Accounts) and other client trust accounts, ensuring strict compliance with State Bar rules and regulations.
  • Accurately record the receipt of client funds into the appropriate client trust ledger.
  • Process payments to third parties from trust accounts, ensuring proper documentation and partner approval is in place.
  • Execute approved transfers of funds between trust accounts and the firm’s office accounts to settle client bills.
  • Assist in the regular reconciliation of all client trust accounts, ensuring every penny is accounted for.

Controls & Team Support:

  • Adhere to all internal financial controls and segregation of duties policies to prevent fraud and error.
  • Prepare reports on cash receipts and trust account balances for management.
  • Liaise with the Billing, Collections, and Accounts Payable teams to resolve cross-functional queries.
  • Serve as a point of contact for fee-earners and their assistants for queries related to client payments and trust balances.

Essential Experience & Skills:

  • Prior experience in a finance or accounting role within a law firm is essential.
  • Direct, hands-on experience with cash application and, critically, IOLTA or client trust accounting is mandatory.
  • Impeccable attention to detail and a commitment to 100% accuracy.
  • High level of integrity and discretion, with a complete understanding of the confidential nature of the role.
  • Ability to work efficiently under pressure and meet strict daily deadlines in a high-volume processing environment.
  • Strong analytical and problem-solving skills, with the ability to investigate and resolve discrepancies methodically.
  • Proficiency in Microsoft Excel and experience working with a large-scale accounting system.

Desirable Skills:

  • Experience with a legal-specific ERP system (e.g., Elite 3E or Aderant Expert) is highly desirable.
  • Familiarity with online banking platforms for reporting and transaction investigation.

For individuals assigned and/or hired to work in New York and California, Freshfields is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the States of New York and California and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $90,000 to $100,000.

EEO Statement
Freshfields US LLP is proud to be an equal employment employer. Our policies and practices will be free from unlawful discrimination based upon race, color, ethnicity, religion, creed, sex (including pregnancy, childbirth or related medical conditions), national origin, citizenship, immigration status, ancestry, age, marital status, protected veteran status, military service, disability, medical condition, genetic information, sexual orientation, gender identity, or any basis prohibited under federal, state or local law. We strive to promote an atmosphere that encourages equal opportunities and prohibits discriminatory practices, including sexual harassment.
Disability Accommodation for Applicants to Freshfields US LLP
Freshfields US LLP is an Equal Employment Opportunity employer and provides reasonable accommodation for qualified individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at [email protected] , or you can send your resume to [email protected] , or you can call us at +1-212-277-4000.

Freshfields Bruckhaus Deringer New York, New York, USA Office

601 Lexington Avenue , New York, New York, United States, 10022

Similar Jobs

Yesterday
In-Office or Remote
United States
Junior
Junior
Retail
Manages accounts receivable portfolios by collecting overdue balances, researching billing discrepancies, reconciling payments, negotiating payment resolutions, and minimizing bad debt. Partners with customers and internal teams to resolve account issues, prepares reports, performs root-cause analysis, and recommends process improvements. The role requires accurate financial data analysis, customer communication, prioritization, and proficiency with Excel and ERP or accounting systems.
Top Skills: Erp SoftwareGetpaidMicrosoft 365ExcelNetSuiteOracleSAPWebcollect
2 Days Ago
In-Office
New York, NY, USA
70K-90K Annually
Senior level
70K-90K Annually
Senior level
Big Data • Information Technology • Machine Learning • Software • Business Intelligence
Manages the full accounts receivable lifecycle, including invoicing, payment posting, collections, account reconciliation, dispute resolution, and aging analysis. Supports month-end and year-end close, maintains accurate financial records, coordinates with sales and customer service, and recommends process, workflow, and system improvements. The role requires strong accounting knowledge, analytical ability, communication skills, attention to detail, and experience with accounting software and ERP platforms.
Top Skills: Accounting SoftwareAsc 606Erp SystemsExcelGongMaxioMicrosoft Office SuiteOutlookSage IntacctSalesforceWord
9 Days Ago
In-Office
62K-68K Annually
Mid level
62K-68K Annually
Mid level
Other
Performs full-cycle accounts receivable and cash application, including posting receipts, reconciling accounts, resolving payment discrepancies, preparing statements and invoices, supporting month-end close, and managing collections. The role analyzes customer accounts, responds to inquiries, maintains account data, supports credit reviews, and partners with internal teams to improve AR accuracy and efficiency.
Top Skills: MS OfficeSAP

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account