Cash Application Analyst

ABOUT JENNER & BLOCK

Jenner & Block (www.jenner.com) is a law firm with global reach, with more than 500 lawyers and offices in Chicago, London, Los Angeles, New York, San Francisco and Washington, DC. The firm is known for its prominent and successful litigation practice and experience handling sophisticated and high-profile corporate transactions. Firm clients include Fortune 100 companies, large privately held corporations, financial services institutions, emerging companies and venture capital and private equity investors. The American Lawyer magazine has ranked Jenner & Block as the #1 pro bono firm in the United States 10 times, most recently in 2019. The firm has been ranked in the top 10 in this category every year since 1990.

Jenner & Block offers a comprehensive benefits program, which includes medical, dental, and vision insurance, 401(k), and paid time off, in addition to other offerings.

Position Summary:

Reporting to the Cash Application Manager, you will join a collaborative and dedicated team of finance professionals in the daily support of all cash collection activities. This role focuses on the resolution of all cash-related transactions for the firm. The ideal candidate will be a future leader in the Finance department, have strong analytical skills, and always strive to elevate the cash applications function. This is a non-exempt position and located in our Chicago office.

PRIMARY RESPONSIBILITIES:

• With Cash Applications Manager oversight, develop work plans and lead projects for both small and large initiatives, completing assigned projects in the most timely and efficient manner possible.
• During system upgrades, conversions, and implementations, serve as a cash receipts and applications subject matter expert to internal and external team members.
• Partner with the Cash Applications Manager and management by raising issues, working to understand the root cause and offering potential solutions.
• Analyze cash application data and trends to identify opportunities for process improvements and streamline operations.
• Receive and input incoming payments from clients, vendors, or partners through various channels such as checks, electronic transfers, and ACH payments.
• Collaborate with attorneys, clients, and finance team members to provide timely and clear communication regarding payment clarifications, overpayments, duplicate payments, and resolution of payment-related queries.
• Conduct thorough research to resolve unidentified receipts, promptly reconciling payments with appropriate client accounts.
• Monitor, track, and report the daily short pay occurrences to the wider billing and finance teams and help in driving balances to resolution.
• Record and accurately process client trust account activity in both the book of record and the banking systems.
• Perform regular reconciliation of cash application transactions, identifying discrepancies and actively resolving any issues.
• Document and update processes.
• Ensure work is reconciled daily to reduce the items that hit the monthly bank rec.

ADDITIONAL RESPONSIBILITIES MAY INCLUDE:

• Continually working to ensure quality and accuracy of work product.
• Contributing to the development of tools, processes, and procedures to maximize efficiency.

DESIRED SKILLS AND EXPERIENCE

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, Data Analytics, or a related field is required.
• High proficiency in Microsoft Office Suite, specifically Excel, is required.
• Prior law firm or financial services experience a plus, including experience in financial system conversions.
• Must be well organized with strong attention to detail and good business judgment, capable of handling sensitive information with appropriate discretion.
• Excellent oral and written communication skills, demonstrating an ability to explain complex concepts to professionals of different backgrounds with confidence.
• Ability to work independently and maintain flexibility with respect to assigned tasks due to changing deadlines and deliverables in a fast-paced environment.
• Must have a positive attitude and be results-oriented, dependable, adhere to established time commitments and demonstrate strong customer service attributes.

Jenner & Block LLP is an equal opportunity employer. Recruitment and employment decisions are not made on the basis of an individual’s race, color, creed, religion, national origin, ancestry, citizenship status, age, non-disqualifying physical or mental disability or medical condition, genetic information, sexual orientation, sex, gender identity and/or expression, pregnancy, childbirth, breastfeeding or related medical conditions, arrest record, matriculation, personal appearance, political affiliation, marital, parental, veteran, military, or order of protection status, or any other protected status or that of their relatives, friends, or associates.