Accounting Escrow Manager

At Wilson Elser , we are redefining what it means to work at a national law firm. With more than 1,400 attorneys across 46 offices nationwide, we are recognized among the top 100 law firms by The American Lawyer and ranked #30 in the National Law Journal’s survey of the nation’s largest law firms.

Our continued success is built on a culture of collaboration, innovation, client service, and mutual respect. We are committed to fostering an environment where employees are empowered to grow their careers, contribute meaningfully, and thrive professionally.

Our firm is committed to attracting and retaining professionals who value each other and the service we provide by embracing Teamwork, Collaboration, Client Service, and Innovation. If you are a motivated professional looking for a long‑term fit where you can grow in a role, and will be valued and empowered, then we invite you to apply to our Accounting Escrow Manager position in our New York City (Midtown) Office.

This position offers a flexible, hybrid working arrangement.

The Position

The Escrow Accounting Manager leads and directs the team responsible for the accurate, compliant, and securemanagement of the Firm’s IOLTA, client trust, escrow, and other fiduciary accounts. This role provides leadership and oversight of the team’s work involving the receipt, safeguarding, reconciliation, accounting, and disbursement of client fundsassociated with litigation matters, settlements, corporate transactions, estates, and other legal matters.

The Escrow Accounting Manager serves as a subject matter expert on legal trust accounting, leads and directs the teamperforming these functions, and ensures that all transactions comply with applicable state bar rules, ethical requirements,fiduciary obligations, and Firm policies. The role requires exceptional attention to detail, strong accounting expertise, sound judgment, and the ability to ensure the team maintains accurate and auditable financial records.

Key Responsibilities:

• Trust & IOLTA Accounting
  • Direct the team responsible for the administration and accounting of IOLTA, client trust, escrow, and other fiduciary accounts.
  • Ensure the team properly safeguards client and third-party funds are properly safeguarded and never commingles them with Firm
    operating funds.
  • Establish and maintain appropriate controls over the receipt, transfer, and disbursement of client funds.
  • Monitor account activity for unusual transactions, outstanding items, or potential compliance issues.
  • Ensure earned fees are transferred from client trust accounts to Firm operating accounts only when properly authorized and
    supported.
  • Manage banking relationships and coordinate the opening, modification, and closing of escrow and trust accounts.
  • Maintain accurate client and matter-level records for all funds held in trust or escrow.
• Ensure the team performs timely monthly three-way reconciliations of trust accounts, ensuring agreement among:
• Bank statements and cleared transactions;
  General ledger/book balances; and Individual client/matter ledgers.
• Direct team members in researching and resolving reconciliation discrepancies promptly.
• Ensure the team maintains complete supporting documentation for reconciliations and adjustments.
• Monitor aged outstanding checks, deposits, and other reconciling items and direct team members in resolving them appropriately.
• Settlement & Escrow Disbursements
  • Manage the accounting and disbursement of complex settlement, escrow, and client funds.
  • Ensure team members review settlement statements and disbursement instructions for accuracy, authorization, and compliance.
  • Direct the coordination of payments to clients, attorneys, medical providers, lienholders, taxing authorities, vendors, and other
    third parties.
  • Ensure team members confirm that required documentation, approvals, lien information, and payment instructions are complete
    before funds are disbursed.
• Partner with Billing, Finance, and attorneys to coordinate the transfer of earned fees from trust accounts to Firm operating
  accounts.
• Ensure the team reconciles trust-related activity with billing and accounts receivable records.
• Direct the investigation and resolution of…