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Billing Specialist (Law Firm or Accounting/ Financial Services Experience)

Job Summary:


We are seeking a detail-oriented and proactive Billing Specialist with experience in law firms, accounting, or financial services. This role is responsible for managing the billing process, ensuring accuracy in financial transactions, and supporting the finance team with additional tasks such as financial reporting and account reconciliation. The ideal candidate will have excellent organizational and communication skills, along with proficiency in legal or financial billing systems.


Responsibilities:
  • Billing Operations:
  • Prepare, review, and distribute accurate client invoices in a timely manner.
  • Collaborate with attorneys, staff, and clients to address and resolve billing inquiries or discrepancies.
  • Manage billing deadlines, ensuring compliance with client-specific billing requirements.
  • Monitor and follow up on accounts receivable to facilitate timely payments.
  • Financial Reporting:
  • Assist with preparing monthly, quarterly, and annual financial reports for management.
  • Generate detailed billing and revenue reports for analysis and forecasting purposes.
  • Maintain financial data accuracy in accounting and billing systems.
  • Account Reconciliation:
  • Reconcile client accounts to ensure all payments and adjustments are properly recorded.
  • Identify and resolve discrepancies between financial records and client accounts.
  • Perform regular audits of billing and financial records to ensure compliance.
  • General Finance Support:
  • Support the finance team with bookkeeping tasks and data entry as needed.
  • Assist with the implementation of new billing software or process improvements.
  • Provide backup for other finance roles during periods of high volume or absence.


$45,000 - $56,000 a year
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CEO of Latitude Inc
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Dean Robbins
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Average salary estimate

$50500 / YEARLY (est.)
min
max
$45000K
$56000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Billing Specialist (Law Firm or Accounting/ Financial Services Experience), Latitude Inc

Are you a detail-oriented individual with experience in the law firm or accounting sectors? If so, we have an exciting opportunity for you at our esteemed company in Wine Ridge, AL, as a Billing Specialist! In this role, you’ll take charge of managing the billing process by preparing, reviewing, and distributing accurate client invoices on time. You'll collaborate closely with attorneys and clients to address billing inquiries and ensure everything runs smoothly. With your excellent organizational and communication skills, you'll help us meet strict billing deadlines while keeping compliance in mind. You’ll also be responsible for preparing monthly financial reports and generating billing insights to guide our financial strategies. Plus, you’ll play a vital role in reconciling client accounts, identifying discrepancies, and ensuring that our financial records are spotless. This position is not just about bills; it's also about being a team player within the finance department – supporting with bookkeeping tasks and assisting in the implementation of new billing software. With a salary ranging from $45,000 to $56,000 a year, this role offers both a competitive salary and the opportunity to grow your career in a dynamic work environment. If you're ready to contribute to a great team and make a significant impact, we can’t wait to see your application!

Frequently Asked Questions (FAQs) for Billing Specialist (Law Firm or Accounting/ Financial Services Experience) Role at Latitude Inc
What are the primary responsibilities of a Billing Specialist at this law firm?

As a Billing Specialist at our law firm in Wine Ridge, AL, your primary responsibilities will include preparing, reviewing, and distributing accurate invoices, managing billing inquiries, and ensuring compliance with deadlines. You'll also assist with financial reporting and account reconciliation, making sure the financial data is accurate and up to date.

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What qualifications do I need to become a Billing Specialist at this firm?

To become a Billing Specialist at our company, you should ideally have experience in a law firm, accounting, or financial services environment. Additionally, proficiency in billing systems and excellent organizational skills are crucial. Strong communication skills are also essential for resolving billing inquiries and collaborating with team members.

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How does the Billing Specialist contribute to the finance team's success?

The Billing Specialist plays a crucial role in supporting our finance team by managing the billing operations efficiently and ensuring financial accuracy. By generating reports and assisting with data entry or bookkeeping tasks, the Billing Specialist helps the team make informed financial decisions and maintain optimal operations.

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Is experience with specific billing software necessary for this role?

While experience with specific billing software is advantageous, we are more focused on your overall experience in law or financial billing practices. Familiarity with legal or financial billing systems will certainly enhance your candidacy, but we value strong organizational skills and a willingness to learn new systems.

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What can I expect in terms of salary and benefits as a Billing Specialist?

As a Billing Specialist at our firm in Wine Ridge, AL, you can expect a competitive salary ranging from $45,000 to $56,000 per year. In addition to financial compensation, we also offer a range of benefits aimed at supporting your career development and work-life balance.

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Common Interview Questions for Billing Specialist (Law Firm or Accounting/ Financial Services Experience)
What attracted you to the Billing Specialist position at our law firm?

In your response, focus on your passion for financial accuracy and the impact of billing on overall business success. Mention any specific aspects of the company or role that resonate with your career goals, like working in a professional environment or the potential for growth.

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Can you describe your experience with billing in previous roles?

Detail your experience related to billing operations, including systems used, number of accounts managed, and how you ensured accuracy and compliance. Share any specific challenges and how you overcame them to showcase your problem-solving abilities.

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How do you handle billing discrepancies when they arise?

Explain your methodology for identifying and resolving discrepancies. Emphasize your commitment to communication, whether it's directly with clients or internally with the finance team, and provide a specific example where you effectively resolved a billing issue.

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What strategies do you use to manage multiple accounts and deadlines?

Share techniques such as prioritization, time management, and organizational tools that help you keep track of deadlines and account statuses. Providing an example of a time you successfully managed a heavy workload will reinforce your answer.

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Can you discuss your experience with financial reporting?

Describe your familiarity with creating financial reports and how you utilized data analysis to drive business decisions. Detail any specific reporting tools you’ve used and the type of reports you've generated, emphasizing your attention to detail and insights gained.

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What role do you believe a Billing Specialist plays in client relationships?

Discuss the importance of the Billing Specialist in maintaining positive client relationships through accurate and timely billing. Mention the significance of clear communication and how resolving issues can enhance overall client satisfaction and trust.

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How do you ensure data accuracy in billing and accounting systems?

Blueprint your approach to maintaining data integrity, including regular audits, double-checking entries, and continual updating of records. Sharing specific methods or experiences can illustrate your commitment to accuracy.

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What will you do if you miss a billing deadline?

Acknowledge the importance of deadlines while explaining how you would take responsibility for the oversight, communicate promptly with affected parties, and implement steps to prevent future occurrences, showcasing your accountability and growth mindset.

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How familiar are you with legal billing requirements?

If you have experience with legal billing requirements, briefly describe that. If not, express your understanding of their importance and mention your readiness to learn about specific compliance aspects through training or mentorship.

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Where do you see yourself in five years as a Billing Specialist?

Talk about your career aspirations, whether that means advancing within the finance team, specializing in billing, or taking on additional responsibilities that would benefit the firm. This demonstrates ambition while showing your intent to contribute long-term.

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Full-time, on-site
DATE POSTED
December 9, 2024

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