Cash Application Analyst

A Cash Application Analyst in a law firm is responsible for the accurate and timely application of client payments to accounts receivable balances. This role researches and resolves payment discrepancies, reconciles cash receipts, manages unapplied cash, and collaborates with billing, collections, and accounting teams to ensure client accounts remain accurate.

Key Responsibilities

- Accurately post and apply client payments received through various channels, including ACH, wire transfers and checks.
- Review remittance details and research unapplied or unidentified cash receipts to ensure timely resolution.
- Reconcile daily cash receipts to bank deposits and accounting records.
- Monitor and maintain unapplied cash balances, ensuring prompt investigation and resolution of discrepancies.
- Collaborate with Collections, Billing, Revenue, and Accounting teams to resolve payment allocation issues.
- Research short payments, overpayments, duplicate payments, and payment reversals.
- Process client refunds and transfer requests in accordance with firm policies.
- Maintain supporting documentation and audit trails for all cash application activities.
- Assist with month-end close activities, including cash reconciliations and reporting.
- Identify opportunities to improve cash application processes, increase efficiency, and reduce posting errors.
- Respond to inquiries from attorneys, billing professionals, collectors, and clients regarding payment application status and account balances.
- Support special projects and system enhancement initiatives as assigned.

Preferred Qualifications

- Some experience within a similar position
- Proficiency with Microsoft Excel, including VLOOKUP/XLOOKUP, PivotTables, and data analysis functions.
- Strong analytical and problem-solving skills.
- Excellent organizational, communication, and time-management abilities.
- Ability to work independently while managing multiple priorities in a fast-paced environment.
- Previous experience in a law firm, professional services organization, or corporate accounting department.
- Knowledge in SAP systems.
- Understanding of legal billing and accounts receivable processes.
- Experience handling complex payment remittances and client account reconciliations.

Baker McKenzie empowers clients to compete in the global economy. We provide comprehensive and practical legal advice that cuts through complexity with clear, actionable guidance. Our people represent diverse cultures and jurisdictions, combining local know-how with international expertise to ensure your business thrives across borders .

Baker McKenzie is an Equal Opportunity Employer. We are committed to promoting diversity and inclusion for all. Our unique international culture is reflected in the drawing together of a worldwide family of individuals from diverse cultures and backgrounds in all of our offices. We encourage the best people - regardless of race, religion or belief if any, gender, gender identity, disability, sexual orientation or age - to fulfill their professional aspirations with us. We are committed to ensuring an inclusive and accessible experience for all candidates. Should candidates require any reasonable adjustments and/or accommodations when applying to or interviewing with our Firm, please notify [email protected]

Pay Transparency

- Subject to eligibility requirements, the Firm offers a comprehensive benefits package, including bonus opportunities, medical, dental, and vision coverage, retirement savings plans, time off and leave programs, and wellness benefits. Benefits are subject to applicable plan terms and Firm policies.
- The US base compensation for this position is expected to be $xxx to $xxx (annually or hourly) if located in an office in the state of X. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.
- California notice: Background checks for applicants will be administered in accordance with applicable law, and qualified applicants with arrest or conviction records will be considered for employment consistent with those laws, including the San Francisco Fair Chance Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the California Fair Chance Act, for US-based candidates.

If located in an office in one of the states below, the US base compensation for this position is expected to be in the range listed. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

New York

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California

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Illinois (Chicago only)

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Washington DC

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