Business Risk Specialist

About the role

The Business Risk Specialist plays a crucial role in identifying, assessing, and mitigating credit and reputational risks to enhance the quality of the accounts receivable portfolio and minimize bad-debt losses. The position requires advanced expertise in analyzing financial statements and related documents, excellent communication skills, and strong analytical and problem-solving abilities.

Responsibilities

• Conduct creditworthiness and risk assessments of potential and existing clients using credit reports, financial statements, payment history, and various diligence applications during client onboarding.
• Recommend risk mitigation strategies for higher-risk clients, such as retainers, credit limits, and limiting scopes of work.
• Correspond with attorneys and other business professionals to ensure proper identification of clients and relay risk assessment results as needed.
• Confirm accurate and complete information is obtained at onboarding.
• Conduct comprehensive financial and reputational risk assessments to identify potential non-payment and circumstantial risks related to prospective and existing clients.
• Collaborate with the Engagement Compliance team to address onboarding risks and ongoing risks associated with client engagements.
• Monitor potentially problematic client relationships and communicate with relevant team members.
• Implement and enforce departmental and firm standards related to engagement compliance functions.
• Maintain confidential information.

Requirements

• Bachelor’s degree in Business Management, Accounting, Finance, Business Administration, or industry-related area required.
• Master of Business Administration or CFA certification beneficial.
• Minimum four (4) years of related experience in a law firm or professional services environment required.
• Previous law firm experience beneficial.

Qualifications

• Advanced expertise in analyzing financial statements and related financial documents, including public filings.
• Familiarity with interpreting business credit reports.
• Outstanding interpersonal, verbal, and written communication skills.
• Exceptional organizational skills and attention to detail.
• Strong analytical and problem-solving abilities.
• Proven ability to manage multiple priorities and collaborate with diverse groups in a fast-paced environment.
• Able to work independently and as part of a team with minimal supervision across hybrid, remote, and in-office settings.
• Proficiency in Microsoft Word, Excel, PowerPoint, and data analysis tools.
• Familiarity with the following diligence applications is beneficial: Dun & Bradstreet/DNBi, Lexis+, Moody’s GRID, Thomson Reuters World-Check.

Skills

• Advanced expertise in analyzing financial statements and related financial documents, including public filings.
• Familiarity with interpreting business credit reports.
• Outstanding interpersonal, verbal, and written communication skills.
• Exceptional organizational skills and attention to detail.
• Strong analytical and problem-solving abilities.
• Proven ability to manage multiple priorities and collaborate with diverse groups in a fast-paced environment.
• Ability to work independently and as part of a team with minimal supervision across hybrid, remote, and in-office settings.
• Proficiency in Microsoft Word, Excel, PowerPoint, and data analysis tools.
• Familiarity with the following diligence applications is beneficial: Dun & Bradstreet/DNBi, Lexis+, Moody’s GRID, Thomson Reuters World-Check.

Benefits

The Firm will comply with any applicable city or state workplace mandates in effect in regards to Covid-19.

Pay

Hiring Salary Range $70,000.00 - $90,000.00

Schedule

Hybrid, remote, and in-office settings.