Senior Client Accounts Specialist

Senior Client Accounts Specialist Chicago IL

Job

Our client is seeking a motivated Senior Client Accounts Specialist to join the Financial Management Department in our Chicago office. The Senior Client Accounts Specialist oversees the life cycle of the billing and collections cycle for designated portfolios of client matters. The Client Account Specialist ensures proper and accurate client account set up for billing, collection arrangements, and inventory management of assigned client portfolios.

The Senior Client Accounts Specialist supports complex billing for clients and practices and acts as a mentor and advisor for other members of the Client Accounting team. Additionally, the Senior Client Accounts Specialist develops strong collaborative relationships with attorneys throughout the full cycle of the client invoicing process and strives to provide exceptional client service and support in all areas of the role.

The position requires an in-office presence in the Chicago office but includes flexibility for some remote work.

The day-to-day responsibilities of the Senior Client Accounts Specialist will include:

• Responsible for ownership of the billing and collections cycle for designated portfolios of client matters. Establishes, fosters, and maintains professional and collaborative relationships with attorneys, business team personnel, and clients to ensure compliance with both attorney and client specifications.
• Reviews rates for accuracy, ensures fee arrangement is in line with the client’s outside counsel guidelines, monitors fee caps, tier discounts and matter budgets; escalates where potential issues might occur (delayed billings, exceeding fee cap, etc.).
• Manages prebill to final bill process; ensures that the Matter Billing Partners (MBP) receive accurate prebills and that they return their prebills in a timely manner. Prepares and submits finalized bills/eBills in appropriate template format, adhering to attorney and client specifications. Ensures final bills have been submitted to the client and are posted in the finance system.
• Ensures disbursements are properly documented and included on invoices and facilitates write downs/offs and time transfers per the firm’s governance policies/processes.
• Familiarity with all e-billing platforms, and a solid understanding of electronic billing processes related to managing inventory, which includes the following:
• Reviewing and verifying billing data for accuracy and ensuring compliance with the client’s policies and requirements; attention to detail.
• Addressing and resolving any issue, rejection or discrepancy for electronically submitted invoices.
• Conducts training for the billing team on any new functionality, policies or changes requests by the firm, practice or clients.
• Initiates and facilitates regular meetings with Partners on their inventory, provides an overview of aging by client/matter for billing partners portfolios.
• Provides proactive feedback on billing/eBilling issues, makes suggestions on improvements and provides guidance on complex billing situations.
• Monitors invoices for approval and / or payment and keep attorneys updated as to the status including contacting the client when necessary.
• Concisely communicates arrangements with MBPs and clients regarding their matters; provides clients with requested information on any special billing and or collection arrangements. Responds to all inquiries relating to same.
• Responds to inquiries relating to accruals, billing and payment information;
  Recommends solutions based on billing trends relating to realization;
  Prepares ad hoc reports upon request.
• Prepares effective monthly billing and collections forecasts for assigned portfolio.
• Maintains updated prebill status report; ensures the system reflects the current status for all prebills
• Establishes effective back-up support processes (cross-training and knowledge transfer) to ensure seamless support for all portfolio matters; ensures adequate coverage when out of the office or after hours; communicates to co-workers and attorneys ahead of time; sets out-of-office messages.
• Participates in continuous improvement of processes for own portfolio and for…