Sidley Austin LLP

Cash Applications Assistant

Recruiting Location US-IL-Chicago
Department
Accounting

Summary

The Cash Applications Assistant plays a vital role within the Accounting department, responsible for the accurate and timely application of incoming client payments. This position ensures client accounts are correctly maintained and supports overall accounts receivable operations. The Cash Applications Assistant must be detail-oriented, organized, and capable of working efficiently in a fast-paced, high-volume environment. The Cash Applications Assistant will collaborate with individuals across the Firm, including partners, legal secretaries, billing and accounts receivable staff, and cash management. 

Duties and Responsibilities

  • Process daily incoming payments (wires, ACH, and checks) and apply them accurately to client accounts in the Firm’s 3E accounting system.  Flag issues or discrepancies between payments and our client accounts.
  • Research and resolve unidentified or misapplied payments in coordination with the billing and accounts receivable staff, the Firm’s clients, and partners.
  • Follow-up and clear payments posted to the Firm’s unapplied cash account.
  • Maintain proper documentation and audit trail of all cash application transactions.
  • Maintain the Firm’s daily cash receipts log, ensuring entries are posted timely and accurately.
  • Reconcile daily deposits and record collections figure in the Firm’s dashboard.
  • Respond to internal and external inquiries regarding payment status and application.
  • Process vendor forms for EFT/ACH payment enrollment.
  • Provide copies of the Firm’s W-9 form upon request.
  • Support the Cash Applications Supervisor with ad hoc projects and reporting as needed.

Salaries vary by location and are based on numerous factors, including, but not limited to, the relevant market, skills, experience, and education of the selected candidate. If an estimated salary range for this role is available, it will be provided in our Target Salary Range section. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Sidley.com/Benefits.

Target Salary Range

$57,000 - $65,000 if located in Illinois

Qualifications

To perform this job successfully, an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation, please email staffrecruiting@sidley.com (current employees should contact Human Resources). 

 

Education and/or Experience: 

Required:

  • 0 - 2 years work experience
  • Proficient with Microsoft Office software

Preferred:

  • Bachelor’s degree in Business, Accounting, or Finance
  • Previous experience working in a law firm or other professional services firm
  • Experience with 3E

Other Skills and Abilities:

The following will also be required of the successful candidate:

  • Strong organizational skills
  • Strong attention to detail
  • Good judgment
  • Strong interpersonal communication skills
  • Strong analytical and problem-solving skills
  • Able to work harmoniously and effectively with others
  • Able to preserve confidentiality and exercise discretion
  • Able to work under pressure
  • Able to manage multiple projects with competing deadlines and priorities

Sidley Austin LLP is an Equal Opportunity Employer

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