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    Billing Controller - London, United Kingdom - A&O Shearman

    A&O Shearman
    A&O Shearman London, United Kingdom

    2 weeks ago

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    Description
    We are currently recruiting for experienced Working Capital Controllers to join our London office on a 12 month contract.

    The Working Capital Controllers liaise with partners and fee earners in London to ensure bills are accurate, rendered on time and adhere to client agreements, Solicitors Accounts Rules and VAT regulations.

    The role has responsibility for controlling the office's "Work In Progress" and accounts receivable assets and ensuring that both partners and clients receive accurate and timely financial information.

    Assist Partners on profitability forecasting for individual matters (e.g. based on various scenarios around billing and write offs)

    Net Investment Management
    Assist in monitoring the effectiveness of client billing and collection processes and suggest improvements to enhance the quality of service
    Review the client revenue and net investment balances (WIP and Debts) for partners you are allocated, take ownership of reporting regularly on positions and escalate increasing client exposures
    Liaise with partners and the Shared Service Centre (SSC) Credit Control team to improve the speed of cash collection
    Review billing write offs and ensure any material amounts are escalated to working capital manager
    Review unbilled disbursements account balances and disbursements written off for your partners on a monthly basis and investigate any significant movements
    Matter profitability and project management
    Analyse current billing and profitability information and other items of a complex nature for reporting and problem-solving including calculating PPP analysis of individual matters
    Delivery, design and preparation of financial presentations, and ad hoc client reviews
    Provide support for internal and external client meetings – determine nature of meeting and provide succinct financial advice in relation to billings and collections
    Establish good working relationships with the offshore SSC Finance Teams (Revenue, eBilling and Credit Control)
    Ad-Hoc duties required from time to time may include the following:
    Involvement in ad hoc projects
    Ad hoc reports specified by legal department
    Calculating and posting volume discount accruals

    Comprehensive follow-up of action items, such as time transfer, time write off, dispatch of billing guides, disbursements, queries etc.

    This also includes follow up of all debt collection discussions
    Maintenance of billing profile ensuring regular updates to give accurate estimates
    Providing technical 3E support to Legal PAs if required

    Managing Working Capital Lock Up Days – to regularly review WIP and debtor lock up days for partner matters and to monitor trigger points of billing / write offs, so ensuring early revenue action to maintain optimum working capital hygiene from a WIP perspective.

    Ensuring all the financial aspects of new matter set-ups are correctly completed
    Delivers tasks in a professional and organised way with limited supervision and responsive to immediate priorities.
    Must be confident in the application of key compliance functions around SRA Accounts Rules, sales taxes and VAT in accordance with the firm's documented procedures, clients' e-billing and other client-specific requirements
    Computer literate with experience in Microsoft Office, including Excel, Word and Outlook
    Experience of a legal practice management system would be beneficial

    Should you require additional support at any stage of the recruitment process due to a disability or a health condition, please do not hesitate to contact a member of our recruitment team who will work with you to provide any adjustments as required.

    We recognise the value of flexible working and embraces hybrid working, allowing our people to work from home up to 40% of their working time.

    A&O Shearman is a new global industry-leading law firm, with 47 offices in 29 countries worldwide.

    Our fluency in English law, US law, and the laws of the world's most dynamic markets, enables us to provide unmatched insight and seamless delivery to clients.

    to transform the status quo, and to deliver your best work, helping you and your career to thrive, while delivering unparalleled outcomes for our clients.

    Whether you're helping clients solve complex challenges, transforming the ways we manage our business, or ensuring the smooth-running of our operations, this is an environment where you can belong and excel.

    We provide first-rate training and development, we are committed to diversity, equity and inclusion and we provide support and ways of working that help you optimise your wellbeing.

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