Job Description

Settlement Accounting Specialist

Position Summary
The Settlement Accounting Specialist manages settlement funds held in trust, ensuring accurate recording, compliance, and timely distribution of client, vendor, co-counsel, and firm payments. This role works closely with attorneys, the settlement team, and financial institutions to support settlement operations and safeguard client funds.

Key Responsibilities

• Prepare and maintain settlement funding reports and trust accounting records
• Record incoming settlement proceeds and allocate funds to client matters in the Accounting System
• Prepare and revise settlement statements for attorney review and client approval
• Review settlement documents for completeness and compliance
• Create and reconcile distribution lists to funds held in trust
• Coordinate approvals for distributions
• Verify client payment instructions
• Document and reconcile outgoing trust transactions
• Process firm fee transfers from trust to operating accounts

Qualifications

• 6+ years of law firm, trust, or settlement accounting experience
• •Working knowledge of trust/IOLTA accounting rules•
• Experience with ProLaw or similar legal accounting systems preferred
• •Strong attention to detail and reconciliation skills

Skills

• High level of accuracy and confidentiality
• Strong communication and organizational skills
• Ability to manage multiple deadlines in a fast-paced environment