Jobs · Finance · Illinois

Collections Specialist

GT Restructuring · Chicago, IL · 1 mo ago
Finance$40.23–$46.18/hrFull-time

Position Summary

The Collections Specialist supports the firm's Revenue Management team by managing collection activities and partnering with Billing Attorneys to resolve payment issues. This role serves as a liaison among attorneys, clients, and firm staff, helping drive timely and effective collection of receivables while maintaining strong internal and client relationships.

Key Responsibilities

  • Manages daily collection activities including inventory review and consultation with Billing Attorneys to address aged receivable issues and determine a collection strategy
  • Mets with Billing Attorneys monthly to review aged investment balances and provide status of investment amounts to local and firm management
  • Collaborates with both internal and external clients to ensure collection efforts, support and align with the firm’s goals
  • Attends monthly collection team call to review outstanding balances, collection progress, payment issues, and follow-up items
  • Prepares collection and A/R related reports for discussion with the Billing Attorneys
  • Evaluates and recommends best practices on collection efforts
  • Contacts clients regarding payments and assesses the collectability of outstanding balances
  • Reviews and analyzes short payments, ensuring timely resolution
  • Communicate effectively A/R information to office and firm management

Qualifications

  • Highly motivated self-starter with strong attention to detail and project management skills, outstanding organizational skills, and the ability to work independently
  • Exemplifies excellent interpersonal and written/verbal communication, analytical and negotiation skills, consistently maintains a professional demeanor, and thrives in collaborative, team-oriented environments
  • Must have the ability to work under pressure to meet strict deadlines
  • Exercises discretion when working with confidential, proprietary, and sensitive information

Skills & Competencies

  • High school diploma required; bachelor’s degree or equivalent experience in Accounting or Finance preferred
  • Minimum three (3) years of collections experience, preferably in the legal or professional services industry
  • Knowledge of both billing and collections processes required
  • Aderant Expert, Expert Collections, and Ebilling Hub experience preferred
  • Proficiency with collection systems, financial systems, and other standard business tools preferred
  • Proficiency with Windows-based software including Microsoft Word, Excel and Outlook required
  • Exceptional computer skills with the ability to learn new software applications quickly
  • Understanding of AI capabilities, limitations, and responsible use in a professional environment
  • Familiarity with, or willingness to learn, firm-approved AI tools (e.g., Copilot, ChatGPT, or similar platforms) to support daily workflow and/or improve work quality.

Physical Requirements

  • While performing the duties of this job, the employee is occasionally required to move from workstation or desk throughout the work area to work independently or with a team to meet with colleagues or supervisor and retrieve work assignments.
  • This position may also be sedentary and require the employee to sit for extended periods of time.
  • Requires manual dexterity to use a phone, enter data into a computer, handle objects, and use office equipment.

Pay Range

The Expected Pay Range For This Position Is $40.23 - $46.18 per hour Actual pay will be adjusted based on experience, location, and other job-related factors permitted by law.

Benefits

  • Full time employees may be eligible for a discretionary bonus
  • Health insurance with an optional HSA
  • Short term disability, long term disability
  • Dental insurance, vision care
  • Life insurance
  • Healthcare and Dependent Care Flexible Spending Accounts
  • 401K
  • Vacation, sick time
  • An employee assistance program

Additional Programs

  • Voluntary accident insurance
  • Voluntary life
  • Voluntary disability
  • Voluntary critical illness and cancer insurance
  • Pet insurance

Equal Opportunity Employer

GT is an EEO employer with an inclusive workplace committed to merit-based consideration and review without regard to an individual’s race, sex, or other protected characteristics and to the principles of non-discrimination on any protected basis.

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