Trust Accountant

Trust Accountant

Benesch is proud to announce the opening for a Trust Accountant in our Cleveland office! This position is hybrid and has work from home flexibility.

Position Summary:

Do you have 5+ years of trust accounting experience? Do you have a solid working knowledge of IOLTA regulations and state bar trust accounting rules? Are you seeking a challenging position that is looking to tap into your expertise and focus your knowledge in the area of IOLTA accounting? Then our Trust Accountant position may be the role for you. This position is perfect for the experienced fiduciary professional who is looking for an opportunity to work within the defined area of trust accounting.

Join Benesch and play a pivotal role in shaping the financial success of our organization.

Essential Functions:

1. Oversee all trust account activities including deposits, disbursements, wire transfers, and check processing in compliance with firm policies and applicable trust accounting regulations

2. Perform daily, weekly, and monthly trust account reconciliations, including identification and resolution of discrepancies

3. Monitor client trust balances to ensure funds are properly maintained and that accounts are not overdrawn

4. Ensure full compliance with IOLTA rules and applicable state bar regulations governing client funds

5. Serve as the firm's primary point of contact for trust accounting matters with attorneys, clients, vendors, and banking partners

6. Manage trust account audits and coordinate responses to any state bar compliance reviews or inquiries.

7. Develop and maintain written trust accounting policies and procedures

8. Evaluate and recommend improvements to trust accounting workflows, controls, and systems

9. Prepare and distribute trust account reports to attorneys and clients as requested

10. Respond to inquiries from attorneys, clients, and vendors regarding trust transactions

11. Maintain organized and audit-ready records of all trust activity

12. Assist with onboarding new client matters that require trust account setup

13. Perform other duties and projects assigned

Qualifications:

The Trust Accountant must have a bachelor's degree in accounting, finance or related field. Five to seven years of accounting experience in a legal or fiduciary environment. Working knowledge of IOLTA regulations and state bar trust accounting rules is highly preferred. Must be proficient in Microsoft Office, especially Excel and Outlook. Strong analytical and problem-solving skills with exceptional attention to detail.

Demonstrated ability to manage competing priorities and meet deadlines in a fast-paced environment. High level of discretion and integrity in handling confidential client funds and information. Strong written and verbal communication skills, with the ability to work effectively with attorneys and firm leadership. Aderant experience is a plus.

The salary range for this position is $84K to $102.5K.

Benesch is an equal opportunity employer. We strongly value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability (where applicant is qualified to perform the essential functions of the job with or without reasonable accommodations), medical condition, protected veteran status, gender identity, genetic information, or any other characteristic protected by federal, state, or local law.