Revenue Controller - London, United Kingdom - Career Legal

Career Legal
Career Legal
Verified Company
London, United Kingdom

1 month ago

Tom O´Connor

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Tom O´Connor

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Description
Job Details

This Client is a leading medium-sized commercial law firm based in central London.

They are now looking for a Revenue Controller, this is an excellent opportunity for an individual with revenue control

experience, ideally within the legal sector or other professional services environment. As a Revenue Controller, you will be responsible for the working capital of some of our main departments.

You will ensure the minimum amount of working capital is locked up in WIP, debtors and disbursements, minimising exposure to bad and doubtful debts.


Responsibilities:


  • Meeting partners and feeearners regularly to assess unbilled WIP, disbursements, and outstanding bills and discuss actions required.
  • Monitoring WIP build up report and following up matters proactively, escalating to Finance Director when relevant.
  • Ensuring timely billing, and diligent followup on unpaid bills, documenting in practice management system.
  • Working on positive collaboration with clients and external contacts to confirm payment of all invoices, resolve queries promptly, and enforce payment commitments.
  • When required, providing the matter fee earner with relevant information from client files to initiate legal proceedings. Providing constructive and collaborative challenge around unplanned write offs where appropriate.
  • Maintaining accurate and uptodate records of all interactions with partners and their clients regarding WIP.
  • Reviewing significant client exposures with the Working Capital Manager, taking action as needed to minimize the firm's exposure and reduce lockup.
  • Identifying trends and themes to improve recovery and lockup, reporting and suggesting responses to the Heads of Departments and the Practice Management team.
  • Collaborating with the wider Finance team on monthend activities, including time writeoffs.
  • Working with colleagues in Risk & Compliance and Commercial Finance to ensure our terms of engagement support our working capital objectives.
  • Assisting in the financial administration of matter files, including time revaluation, WIP transfers, clienttooffice transfers, and necessary writeoff requests for both disbursements and WIP.
  • Reconciling accounts/matters and preparing statements of accounts as required.
  • Collaborate in the Working Capital team's projects, such as unsent bill reporting and in depth monthly analysis.
  • Assisting with the annual audit with bad debt provision and WIP valuation.
  • Collaborating with the Commercial Finance team on issues such as volume discounts, pricing queries, and clientlevel exposure management.
  • Staying informed about professional regulatory standards, such as UK VAT requirements and Solicitors Accounts Rules.
  • A strong background in managing working capital and boosting cash
- flow via establishing close working relationships with partners and fee earners.

  • Excellent IT skills, particularly Word and Excel.
  • Proficient at producing client and partner reporting.
  • Prior experience of a legal practice management system and an understanding of billing processes and VAT would be preferred, but not essential. Excellent, proven organisational skills.
  • Confident individual with a proactive attitude.
  • Exceptional interpersonal skills, demonstrating professionalism in all dealings.
Important Notice

Career Legal is a Recruitment Agency and is advertising this vacancy on behalf of one of its clients.

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