Senior Collections Specialist

Vedder is seeking a Senior Collections Specialist in our Chicago Office. The Senior Collections Specialist is part of an integral team and will play a key role in reducing unbilled and A/R days outstanding, in turn maximizing collections.

Requirements

• Follow up with attorneys on past-due balances and work directly with clients on collections as requested.
• Generate client account statements in accordance with Firm protocol.
• Routinely update collections activity commentary in collection software.
• Respond to client inquiries regarding billings and outstanding statements.
• Prepare past-due balance reports for attorneys and management, along with a recommended course of action.
• Prepare analyses identifying client payment trends and potential underlying issues.
• Liaise with conflicts/client intake team on reviewing client credit worthiness.
• Work with team to train on system updates, and also assist in creating updated and new processes as the ARCS3 system is expanded for collections.
• Assist the Global teams with maintaining proper transaction processing for our Trust Accounts, allocating funds to the proper matters and setting up account transfers between banks for approval.
• Work closely with the Collections Manager to resolve account reconciliations and account balances that are at risk.

Benefits

• Competitive Salary
• Bonus Program
• Retirement Planning
• Health and Wellness
• Paid Time Off
• Professional Development
• Employee Recognition
• Work-Life Balance
• Additional Perks