Who We Are:
Fredrikson & Byron is the premier Midwest-based law firm working collaboratively to help businesses achieve their goals regionally, nationally, and globally. Overview:
Fredrikson & Byron is seeking an experienced Accounting Supervisor, Trust to join our Finance Department. This position will lead the firm's trust accounting team, overseeing daily operations, regulatory compliance, and the accurate management of client trust funds. The ideal candidate will bring extensive law firm trust accounting experience, a strong understanding of IOLTA regulations, and demonstrated supervisory capabilities. This role offers the opportunity to lead process improvement initiatives, strengthen internal controls, and develop a high-performing team while partnering closely with attorneys, firm leadership, and other departments. Key Responsibilities Include:
Supervise and develop the trust accounting team, including assigning work, establishing priorities, reviewing performance, providing coaching, and ensuring accountability for daily operations and deliverables. Oversee the firm's trust accounting operations, including IOLTA account activity, daily bookkeeping, month-end reconciliations, trust disbursements, and regulatory compliance. Serve as a subject matter expert on IOLTA Rule 1.15 and applicable trust accounting regulations, ensuring adherence to established policies, procedures, and internal controls. Identify, investigate, and resolve complex trust accounting discrepancies, including reconciliation exceptions, client fund discrepancies, outstanding checks, and potential compliance concerns. Lead initiatives to modernize trust receipt and disbursement workflows, leveraging technology to improve efficiency, accuracy, and recordkeeping. Develop and deliver training to attorneys and staff on trust accounting procedures, regulatory requirements, and updated workflows to support consistent firm-wide compliance. Oversee the preparation and review of closing settlements, trust disbursements, banking wires, and related documentation, ensuring accuracy and timely execution. Manage trust-related communications and inquiries, partnering with attorneys and their teams to provide responsive, professional service and resolve complex accounting matters. Oversee outstanding check and unclaimed property processes, ensuring accurate tracking, timely follow-up, and compliance with applicable requirements. Review and evaluate 1099 reporting implications associated with trust and general disbursements, supporting the firm's tax accounting and reporting obligations. Develop, implement, and enhance standard operating procedures and internal controls to strengthen compliance, audit readiness, and operational efficiency. Coordinate and support trust accounting audits and compliance reviews, including preparation of supporting documentation, responses to inquiries, and implementation of corrective actions. Collaborate with Finance leadership on department initiatives, staffing needs, performance management, and cross-functional process improvements. Maintain confidentiality, uphold firm policies, and foster a collaborative, service-oriented team environment.
Our Ideal Candidate Will Have:
Bachelor's degree in Accounting, Finance, or a related field. Minimum of 5 years of progressive accounting experience, including substantial hands-on trust accounting experience within a law firm. Previous supervisory experience, including responsibility for assigning work, reviewing performance, coaching employees, and managing team deliverables. Demonstrated experience managing IOLTA trust accounting operations, including trust reconciliations, disbursements, client ledger management, and month-end reporting. Comprehensive knowledge of IOLTA Rule 1.15, trust accounting regulations, client fund segregation requirements, and internal controls designed to prevent commingling. Proven experience identifying, investigating, and resolving complex trust accounting discrepancies, compliance exceptions, and unclaimed property matters. Experience developing and implementing trust accounting procedures, internal controls, and process improvements to strengthen regulatory compliance and audit readiness. Experience supporting trust accounting audits, preparing documentation, responding to regulatory inquiries, and coordinating corrective actions. Demonstrated ability to train attorneys and staff on trust accounting requirements, complex workflows, and compliance procedures. Strong understanding of banking transactions, wire transfers, closing settlements, and trust-related financial reporting. Proficiency in Microsoft Excel and financial accounting systems, with strong analytical skills and attention to detail. Excellent communication, organizational, and problem-solving skills, with the ability to manage multiple priorities and collaborate effectively with attorneys and firm leadership. Availability for hybrid work with regular in-office presence required.
Desired Qualifications:
Certified Public Accountant (CPA) designation or progress toward certification. Experience with Elite 3E or comparable law firm financial management systems. Experience leading technology implementations, workflow modernization, or digital recordkeeping initiatives within a law firm. Familiarity with IRS 1099 reporting requirements, unclaimed property regulations, and multistate trust accounting compliance.
Benefits:
Our comprehensive benefits options include medical, dental, vision, basic and supplemental life insurance, short- and long-term disability, employee resource benefits (inclusive of counseling, coaching, and caregiving guidance), paid parental leave, parenting classes, pre-tax parking and transportation options, and much more! Our retirement plan includes financial planning, Social Security/Medicare planning, 401k/Roth investment options, and a firm-paid profit-sharing contribution. Benefits are subject to eligibility requirements and other terms and conditions. The salary range for this position varies by geographical market. In Minneapolis, the estimated starting annual pay range is $105,000-$115,000/year. The compensation offered will be dependent on the candidate's experience, skills, education, professional background, overall qualifications, and geographic market location. Applying For This Position:
Interested candidates should send resume, cover letter, and salary requirements. Applications will only be accepted online at https://www.fredlaw.com/careers-meet-us. For assistance with the application process or for accommodations, please contact recruiting@fredlaw.com. About Fredrikson:
With a reputation as the firm "where law and business meet," our attorneys and staff bring business acumen and entrepreneurial thinking to operate as business advisors, strategic partners, and legal counselors to our clients. To best serve our clients, we provide innovative solutions to legal needs while reflecting inclusion and diversity as core values. We offer highly competitive salaries and comprehensive benefits in a collaborative work environment. The firm's 400+ attorneys serve clients through our ten locations around the world: Minneapolis, Saint Paul, and Mankato, MN; Bismarck and Fargo, ND; Ames and Des Moines, IA; Madison, WI; Saltillo, Mexico; and Shanghai, China. Visit www.fredlaw.com for more information. Fredrikson is an equal employment opportunity employer. All qualified applicants are encouraged to apply. Fredrikson does not discriminate in its recruiting, hiring or employment practices on the basis of race, color, religion, creed, age, sex, pregnancy, childbirth, or related medical conditions, national origin, ancestry, marital status, familial status, disability, sexual orientation, gender identity or expression, military or veteran status, genetic information, status with regard to public assistance, and any other characteristics protected by applicable local, state, and/or federal laws. We are not accepting search firm submissions for this position; please apply directly through our careers page. |
Fredrikson & Byron
life insurance, parental leave, 401(k), retirement plan
Nov 14, 2026