This client, a global law firm with an international network, with offices in many locations including USA, Middle East, Far East and Europe.
They are now looking to hire a Revenue Controller. The role is responsible for the day-to-day management of the work-in-progress for designated practice groups covering the firm’s UK offices. This is a proactive role, supporting and working alongside other Revenue Controllers in seeking to achieve and maintain an optimum lock-up cycle and act as a focal point for matter partners and matter fee earners within those designated practice groups.
Responsibilities
- Establishing strong working relationships with all matter partners through regular monthly review meetings to ensure that focus is maintained on timely billing to meet agreed targets and billing timetables.
- Ensuring that regular billing patterns, and where possible monthly billing cycles, are established taking care that any special billing arrangements are observed.
- Ensuring that MFEs and MPs return any issued work-in-progress reports and any drafted bills on a timely basis to meet pledged targets and timetable requirements.
- Encouraging MFE’s and MPs to adhere to the firm’s time recording policy which will result in more accurate financial information and potentially a reduced lock up period.
- Accepting responsibility and taking ownership of operational issues, finding practical solutions and escalating problems where appropriate.
- Interacting with a wide range of contacts at different levels, requiring an awareness of own impact on others and an adjustment of behaviour accordingly
- Providing commercial and legislative advice as appropriate.
- Obtaining relevant feedback to advise on improvements to the processes of the team and actively promoting the finance function.
- Consistently sharing knowledge and skills with colleagues.
- Ensuring that all processes are carried out accurately and in a timely manner, in line with agreed service levels
- Adhering to agreed best practices, policies and processes whilst adapting to local requirements as necessary.
- Provide and co-ordinate detailed input to the accurate valuation of WIP on a periodic basis
- Pro-active involvement and co-ordination in the firms audit and taking ownership of the relevant work streams assigned.
- Undertaking monthly reviews of aged WIP balances to identify contingent WIP, write-off provision balances and previously pledged billing but not actioned.
- In line with the firm’s policies and procedures, co-ordinate write off thresholds through International Practice group heads and the IEC committee where appropriate.
- Liaising with the cashier team regarding the allocation of receipts, and with the billing team regarding billing, credit notes and re-issued invoices, to confirm the accuracy of the information used in financial analysis and reporting.
- Ensure the bill reverse log is maintained and accurate, liaising with the management account team monthly to reconcile.
- Ensuring that draft bills and engrossed invoices are issued in line with the firm’s policies and procedures, meeting all legislative regulations.
- Ensuring the effective application of special rates and arrangements on all matters and taking measures to diagnose and rectify errors.
- Authorisation of transactions on behalf of the finance department, providing corporate governance and financial control.
- Issuing aged WIP, debt and draft bill reports to designated practice groups on a weekly basis and meeting with them regularly to plan the achievement of targets.
- In the run in to month ends, send daily billing updates to those practice groups to keep them informed of where they are against monthly and year to date budgets.
- Reporting to the Head of UK Finance and London Finance Managers on progress against monthly billing targets.
Candidate Profile
- Excellent academics.
- Commercially driven.
- Experience in a Law firm environment with experience of billing processes.
- Able to work effectively as part of a diverse and inclusive team.
- Flexibility and a willingness to work additional hours on occasion as required.
- Advanced Excel skills.
- Ability to advise on the functionality of advanced system transactions and to extract relevant data for analysis (AX system knowledge an advantage).
- Ability to advise the business on, and ensuring compliance with, the provisions of the Solicitors Accounts Rules and Money Laundering requirements.
Important Notice
It is Career Legal’s policy, as a matter of courtesy, to respond to all applications within three working days. However because of the volume of applications, we are sometimes unable to respond to individual candidates. If we have not contacted you within three working days your application has been unsuccessful and your details have not been retained. Please apply for any other position that you may see in the future. Thank you.
Career Legal is a Recruitment Agency and is advertising this vacancy on behalf of one of its Clients.
