Cash Applications Specialist
White & Case
33 reviews
-
Tampa, FL 33607
White & Case
33 reviews
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Cash Applications Specialist
Cash Applications Specialist
Firm Summary
White & Case is an elite global law firm serving leading companies, financial institutions and governments worldwide. Our long history as an international firm means we are perfectly placed to help our clients resolve their most complex legal challenges wherever they may be.
With lawyers operating from more than 40 locations, working in virtually every country of the world, we have invested heavily in building a high-quality full-service practice competing at the top of the market. We are distinguished by our on-the-ground presence in the world’s key financial markets and our strengths in handling complex cross-border work.
It’s not just about our global network of offices; it’s the global interconnectedness of the Firm that our people, and our clients, value most. We work well together across geographic and practice boundaries. It’s one of the reasons we attract and retain cross-border work. And why we attract a diverse group of people.
Our lawyers are globally minded, enterprising, collaborative and committed to excellence. Diversity is a core value of our Firm and it has been recognized with numerous awards and top rankings around the world. Our people represent 90 nationalities and speak 80 languages.
Position Summary
• Work closely with the Finance Team and Legal staff to accurately apply client receipts, trust receipts and disbursements, etc. credited to the Firm’s cash accounts on a daily basis.
• Perform various cash receipts functions including, but not limited to, cash receipts applications, reversals and analysis.
Our Finance Team
The Global Finance team is led by the Firm's CFO, Steve Wrede, and is made up of approximately 280 team members around the world. Committed to our 2020 strategy for profitable growth, our core functions include billing and collecting Firm invoices, statutory accounting for the Firm and for individual offices, creating and distributing management reports, processing payments to vendors or reimbursements to employees and managing for our people. Together, we work seamlessly across our network of offices and countries where we operate. Ours is a multicultural, diverse and supportive team, where everyone’s contribution is welcome and where we share a mutual ambition to achieve our goals and take the Firm from strength to strength.
Our team’s remit includes partner compensation and the maintenance of partner equity accounts; strategic procurement of vendor services; global tax strategies; inventory management, and finally analysis of the profitability of clients, matters and groups of timekeeper. We work with partners and with other business services groups to establish hourly billing rates as well as client-specific fee arrangements. Our Treasury team is responsible for global cash management, foreign currencies and hedging.
In consultation with Firm leaders, we set annual global revenue and expense budgets across Regional Sections and offices, including legal and business service departments. The team continuously reviews expenditures throughout the year to ensure that the Firm's resources are being used efficiently.
Duties and Accountabilities
• Apply firm cash receipts including, interoffice banking transactions, and partner and employee personal disbursement payments.
• Review posted cash receipts for supporting documentation and attach documentation to transactions in the accounting system where needed.
• Research and apply cash suspense, unallocated & unidentified items.
• Process reapplications, reversals, withholdings, etc. of client receipts.
• Respond to email inquiries from Finance Team and Legal Staff related to applications.
• Assist with audit requests (i.e. bank & escrow confirmations, constructive receipts, interest & debt schedules, etc.).
• Assist with clearing returned wires and checks with the Accounts payable department.
• Perform daily and monthly cash reconciliations.
• Prepare cash update reports to management and Inventory Management team.
• Processing and posting of trust disbursements and receipts.
• Analysis of unallocated cash balances.
• Other Accounting duties on as needed basis.
• Ad-hoc reporting requests as requested by management and Finance teams.
Qualifications
• Ability to effectively communicate with internal and external personnel (partners, management and banks).
• Proficient with Microsoft Excel, PowerPoint and Word.
• Possess problem solving skills and ability to pay attention to detail and work in a fast paced environment.
Location and Reporting
• This is role located in the Tampa Global OPerations Center and reports to the Financial Accounting Manager
Other
The Firm may modify and amend this job description at any time at its sole discretion. Nothing herein creates a contract of employment or otherwise modifies the at-will nature of employment. The above is a general description of the essential duties associated with this position and does not represent an exhaustive or comprehensive list of all duties. Performance and qualifications are measured in accordance with our Career Framework which can be provided upon request.
Cash Applications Specialist
Firm Summary
White & Case is an elite global law firm serving leading companies, financial institutions and governments worldwide. Our long history as an international firm means we are perfectly placed to help our clients resolve their most complex legal challenges wherever they may be.
With lawyers operating from more than 40 locations, working in virtually every country of the world, we have invested heavily in building a high-quality full-service practice competing at the top of the market. We are distinguished by our on-the-ground presence in the world’s key financial markets and our strengths in handling complex cross-border work.
It’s not just about our global network of offices; it’s the global interconnectedness of the Firm that our people, and our clients, value most. We work well together across geographic and practice boundaries. It’s one of the reasons we attract and retain cross-border work. And why we attract a diverse group of people.
Our lawyers are globally minded, enterprising, collaborative and committed to excellence. Diversity is a core value of our Firm and it has been recognized with numerous awards and top rankings around the world. Our people represent 90 nationalities and speak 80 languages.
Position Summary
• Work closely with the Finance Team and Legal staff to accurately apply client receipts, trust receipts and disbursements, etc. credited to the Firm’s cash accounts on a daily basis.
• Perform various cash receipts functions including, but not limited to, cash receipts applications, reversals and analysis.
Our Finance Team
The Global Finance team is led by the Firm's CFO, Steve Wrede, and is made up of approximately 280 team members around the world. Committed to our 2020 strategy for profitable growth, our core functions include billing and collecting Firm invoices, statutory accounting for the Firm and for individual offices, creating and distributing management reports, processing payments to vendors or reimbursements to employees and managing for our people. Together, we work seamlessly across our network of offices and countries where we operate. Ours is a multicultural, diverse and supportive team, where everyone’s contribution is welcome and where we share a mutual ambition to achieve our goals and take the Firm from strength to strength.
Our team’s remit includes partner compensation and the maintenance of partner equity accounts; strategic procurement of vendor services; global tax strategies; inventory management, and finally analysis of the profitability of clients, matters and groups of timekeeper. We work with partners and with other business services groups to establish hourly billing rates as well as client-specific fee arrangements. Our Treasury team is responsible for global cash management, foreign currencies and hedging.
In consultation with Firm leaders, we set annual global revenue and expense budgets across Regional Sections and offices, including legal and business service departments. The team continuously reviews expenditures throughout the year to ensure that the Firm's resources are being used efficiently.
Duties and Accountabilities
• Apply firm cash receipts including, interoffice banking transactions, and partner and employee personal disbursement payments.
• Review posted cash receipts for supporting documentation and attach documentation to transactions in the accounting system where needed.
• Research and apply cash suspense, unallocated & unidentified items.
• Process reapplications, reversals, withholdings, etc. of client receipts.
• Respond to email inquiries from Finance Team and Legal Staff related to applications.
• Assist with audit requests (i.e. bank & escrow confirmations, constructive receipts, interest & debt schedules, etc.).
• Assist with clearing returned wires and checks with the Accounts payable department.
• Perform daily and monthly cash reconciliations.
• Prepare cash update reports to management and Inventory Management team.
• Processing and posting of trust disbursements and receipts.
• Analysis of unallocated cash balances.
• Other Accounting duties on as needed basis.
• Ad-hoc reporting requests as requested by management and Finance teams.
Qualifications
• Ability to effectively communicate with internal and external personnel (partners, management and banks).
• Proficient with Microsoft Excel, PowerPoint and Word.
• Possess problem solving skills and ability to pay attention to detail and work in a fast paced environment.
Location and Reporting
• This is role located in the Tampa Global OPerations Center and reports to the Financial Accounting Manager
Other
The Firm may modify and amend this job description at any time at its sole discretion. Nothing herein creates a contract of employment or otherwise modifies the at-will nature of employment. The above is a general description of the essential duties associated with this position and does not represent an exhaustive or comprehensive list of all duties. Performance and qualifications are measured in accordance with our Career Framework which can be provided upon request.
Primary Location: United States-Tampa
Job: Finance
Job Posting: Nov 4, 2020, 4:40:42 PM