Job Title: Disbursement Specialist
Job Responsibilities:
The Disbursement Specialist at the law firm is responsible for managing the crucial final phases of case settlements, specifically focusing on the accurate and efficient distribution of settlement funds to clients, medical providers, and other relevant parties post-case closure. The primary responsibilities include:
- Disbursement Processing: Accurately calculating and processing settlement disbursements, ensuring alignment with the law firm's policies, client agreements, and legal stipulations.
- Post-Settlement Fund Management: Overseeing cases after closure to ensure smooth execution of all settlement disbursement activities.
- Client Communication: Acting as a primary contact for clients, providing timely updates on settlement fund statuses, and addressing inquiries.
- Lien Resolution: Coordinating with medical providers, insurance companies, and other lienholders to negotiate and resolve any outstanding liens before finalizing disbursements.
- Record Keeping: Maintaining detailed and organized records of all disbursement activities in compliance with legal and audit standards.
- Compliance: Ensuring all disbursement operations adhere to applicable laws, regulations, and ethical standards.
- Problem Solving: Identifying and resolving discrepancies or issues during the disbursement process, escalating complex matters when necessary.
- Collaboration: Working closely with attorneys, paralegals, and accounting teams to ensure efficient post-closing operations.
Physical Requirements:
The role involves prolonged periods of sitting and performing repetitive tasks such as typing and clicking. The candidate must be able to lift and move light items up to 20 pounds, as well as bend, reach, push, pull, lift, and sit. These physical demands are representative of those required to successfully perform the essential functions of the job. Reasonable accommodations may be made for individuals with disabilities.
Education and Experience Information:
Education:
- An associate or bachelor’s degree in business, finance, or a related field is preferred.
Experience:
- A minimum of 3 years of experience in a law firm or legal setting, particularly in settlement disbursement or related processes, is preferred.
Skills:
- Proficient in the law firm's in-house case management system and case management and accounting software (., QuickBooks or similar systems).
- High level of accuracy and attention to detail.
- Excellent communication and interpersonal skills.
- Ability to manage multiple deadlines in a dynamic environment.
- Strong problem-solving skills and the ability to work independently.
Desired Attributes:
- Team-Oriented: Values collaboration and enjoys helping others.
- Eager to Learn: Proactive about growing professionally and taking initiative.
- Client-Focused: Committed to providing excellent service and clear communication.
- Technical Proficiency: Comfortable with Excel, data entry, and account management.
Salary Information:
The salary information is not explicitly provided in the text.
Benefits:
The law firm offers a comprehensive benefits package, which includes:
- Medical, dental, and vision insurance.
- Voluntary life, accident, critical illness, hospital indemnity, and short-term disability coverage.
- Vacation, sick, and floating holidays.
- Employee assistance program.
- Paid parental leave.
- 401(k) retirement plan.
Equal Opportunity Employer Statement:
The law firm is an equal opportunity employer that values diversity at all levels of the organization. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other legally protected status.
Disclaimer:
This description is not an exhaustive list of duties and responsibilities for this position but provides a general overview of the position's scope and function. Additional duties, expectations, and demands may be added or changed to meet organizational needs.
