Accounting Escrow Manager
Wilson Elser - Business & Legal Professionals · Hybrid · New York, New York · $130k–$150k
Posted by Wilson Elser - Business & Legal Professionals on their careers site · View the original posting
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The posting, as Wilson Elser - Business & Legal Professionals wrote it
At Wilson Elser , we are redefining what it means to work at a national law firm. With more than 1,400 attorneys across 46 offices nationwide, we are recognized among the top 100 law firms by The American Lawyer and ranked #30 in the National Law Journal’s survey of the nation’s largest law firms.
Our continued success is built on a culture of collaboration, innovation, client service, and mutual respect. We are committed to fostering an environment where employees are empowered to grow their careers, contribute meaningfully, and thrive professionally.
Our firm is committed to attracting and retaining professionals who value each other and the service we provide by embracing Teamwork, Collaboration, Client Service, and Innovation. If you are a motivated professional looking for a long-term fit where you can grow in a role, and will be valued and empowered, then we invite you to apply to our Accounting Escrow Manager position in our New York City (Midtown) Office.
This position offers a flexible, hybrid working arrangement.
The Position
The Escrow Accounting Manager leads and directs the team responsible for the accurate, compliant, and secure management of the Firm’s IOLTA, client trust, escrow, and other fiduciary accounts. This role provides leadership and oversight of the team’s work involving the receipt, safeguarding, reconciliation, accounting, and disbursement of client funds associated with litigation matters, settlements, corporate transactions, estates, and other legal matters.
The Escrow Accounting Manager serves as a subject matter expert on legal trust accounting, leads and directs the team performing these functions, and ensures that all transactions comply with applicable state bar rules, ethical requirements, fiduciary obligations, and Firm policies. The role requires exceptional attention to detail, strong accounting expertise, sound judgment, and the ability to ensure the team maintains accurate and auditable financial records.
Key Responsibilities
- Trust & IOLTA Accounting
- Direct the team responsible for the administration and accounting of IOLTA, client trust, escrow, and other fiduciary accounts.
- Ensure the team properly safeguards client and third-party funds are properly safeguarded and never commingles them with Firm
operating funds.
- Establish and maintain appropriate controls over the receipt, transfer, and disbursement of client funds.
- Monitor account activity for unusual transactions, outstanding items, or potential compliance issues.
- Ensure earned fees are transferred from client trust accounts to Firm operating accounts only when properly authorized and
supported.
- Manage banking relationships and coordinate the opening, modification, and closing of escrow and trust accounts.
- Maintain accurate client and matter-level records for all funds held in trust or escrow.
- Three-Way Reconciliation
- Ensure the team performs timely monthly three-way reconciliations of trust accounts, ensuri
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ccess to corporate discount plans and other benefits
Wilson Elser welcomes submissions of candidates for our open positions exclusively from recruitment agencies with an active, signed fee agreement who have been granted access to a position through our dedicated Recruitment Agency Portal. We are unable to consider submissions from recruitment agencies without a current (dated as of 7/1/2024) agreement in place. We appreciate your understanding. For collaboration inquiries or to establish an agreement, please contact us at talentacquisition@wilsonelser.com .
Wilson Elser is committed to a collegial work environment in which all individuals are treated with respect and dignity. It is the Firm's policy that employment will be based on merit, qualifications, and competence. Further, employment decisions will be made without regard to an applicants race, color, age, sex, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation or preference, gender identity, physical or mental disability, status as a victim of domestic violence, sex offenses, or stalking, past or present service in the uniformed services or application or obligation to serve in the uniformed services, or any other characteristic protected by law.
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California Residents may review our CCPA notice for applicants and employees here .
Wilson Elser participates in the federal E-Verify program. With respect to all new hires, we provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS) with information from each new employee’s Form I-9 to confirm work authorization.
Please review the official posters for detailed information regarding your rights and protections