Cash Application Analyst jobs in the United States

Job Description

Cash Application Analyst (Temp)

Location: Detroit, MI

Hours: Part-time (Temporary until June 2025)

JOB DESCRIPTION:

Powerwell, a division of Quantam, is a leading recruitment firm helping our clients discover top talent. Our client is a premier business law firm, based in Michigan with an international practice and recently recognized in Michigan as one of the 101 Best and Brightest Places to Work.

Currently, we are looking for a Temp Cash Applications Analyst in our Detroit office. In addition to Detroit, we have offices in Grand Rapids, Lansing, Ann Arbor, Bloomfield Hills, Kalamazoo, Chicago, IL, and Washington D.C. With more than 300 attorneys working in 60 different areas of concentration, Honigman provides timely and cost-effective counsel to clients in numerous industries.

The Cash Applications Analyst plays a critical role in helping the Cash Applications team efficiently and accurately process client payments within the Firm. The Cash Applications Analyst will help in managing the unapplied cash and write-off process within the law firm, ensuring adherence to policies and procedures, optimizing revenue recovery, and minimizing financial risk. This position requires a combination of technical expertise, attention to detail, and strong communication skills to manage the cash application process effectively, reconcile accounts, and support the firm's financial objectives.

RESPONSIBILITIES:

• Assist Cash Application Manager in receiving, recording, and depositing cash receipts from clients, settlements, and other sources.
• Collaborate with billing departments to reconcile client accounts, track payments, and resolve any billing-related discrepancies or issues.
• Investigate and resolve any discrepancies or disputes related to cash receipts, working closely with clients, attorneys, and other stakeholders to address issues promptly and effectively.
• Identify opportunities to streamline and improve the cash application process, implementing best practices and leveraging technology to enhance efficiency and accuracy.
• Help develop and maintain unapplied cash policies and procedures ensuring alignment with industry best practices and regulatory requirements.
• Help establish guidelines and thresholds for unapplied cash, including levels of authority and documentation requirements, and ensure adherence to established procedures.
• Work with Cash Application Manager and Billing Attorneys to reduce unapplied cash balances and communicate unapplied cash decisions to relevant stakeholders providing clear rationale and guidance as needed.
  
  

QUALIFICATIONS:

• Bachelor’s degree in accounting, finance, related field, or equivalent professional experience.
• Prior experience in cash applications or accounts receivable management, preferably in a legal or professional services environment.
• Advanced knowledge in Microsoft Excel (advanced formulas/functions, pivot tables, VBA) with proficiency in Microsoft Word and PowerPoint.
• Strong understanding of accounting principles and cash management practices.
• Excellent attention to detail and analytical skills.
• Strong communication and interpersonal skills, with the ability to collaborate across departments and interact with clients and vendors.
• Ability to prioritize tasks and work effectively in a fast-paced, deadline-driven environment.