Hackensack, New Jersey, United States
Trust and Retainer Accountant
Job Description:
Our client, a top regional law firm, is seeking a Trust & Retainer Accountant to oversee and manage all trust accounting operations in full compliance with legal, ethical, and regulatory standards. This position plays a vital role in maintaining the integrity of client trust accounts and ensuring accurate financial reporting for the firm.
Key Responsibilities:
- Manage client trust accounts in accordance with state bar regulations and firm policies
- Record and monitor all trust transactions, including deposits, disbursements, wires, and transfers
- Prepare and distribute accurate trust balance reports for attorneys and clients
- Perform and review monthly trust account reconciliations, promptly resolving any discrepancies
- Partner with attorneys and staff to ensure proper handling of client funds
- Support audits and regulatory reviews related to trust accounting
- Maintain compliance with IOLTA (Interest on Lawyer Trust Accounts) requirements
- Generate financial and compliance reports for internal and external stakeholders
- Assist with general accounting duties as needed
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field
- Minimum 3 years of trust accounting experience, preferably in a law firm environment
- Proficiency with legal accounting software (Elite, Aderant, or similar)
- Strong organizational, analytical, and communication skills
- High attention to detail, accuracy, and the ability to learn quickly in a fast-paced environment
This is an excellent opportunity for a meticulous accounting professional to join a respected law firm and play a key role in safeguarding client trust funds and ensuring financial compliance.