Our client is a medium sized growing law firm based in the City of London. The firm is on an exciting transformation journey, and this role will play a significant part in delivering an efficient service to our lawyers and clients.
They are looking for a detail-oriented and experienced Revenue Controller.
This role would suit someone who can build and maintain positive relationships with internal stakeholders and who strives for excellence in this area.
The successful applicant will join a firm with strong growth trajectory and energetic, supportive, and ambitious colleagues.
Responsibilities
- Meeting partners and fee earners regularly to assess unbilled WIP, disbursements, outstanding bills and client account balances to discuss actions required.
- Monitoring aged WIP and following up proactively, escalating to the Finance Director when needed.
- Constant review of client account balances, ensuring the firm is compliant with SRA Accounts Rules.
- Preparation of monthly billing forecast for MP and FD.
- Ensuring timely billing, and diligent follow-up on unpaid bills and documenting on practice management system.
- Checking VAT and numerical calculations on bills and compliance to VAT and Solicitors Accounts Rules.
- Make sure disbursements are handled correctly.
- Preparation of the monthly matter by matter WIP valuation and doubtful debt provision and liaising with the FD on the same.
- Ensuring the WIP valuation is accurate and complies with revenue recognition rules.
- 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 up-to-date records of all interactions with partners and their clients regarding WIP.
- Reviewing significant client exposures, taking action as needed to minimise the firm’s exposure and reduce lock-up.
- Identifying trends and themes to improve recovery and lock-up, reporting and suggesting responses to Heads of Teams.
- Setting lock-up targets for each team.
- Working with colleagues in Compliance to ensure our terms of engagement support our working capital objectives.
Candidate Profile
- Minimum of 2-3 years’ experience in a Revenue Controller position at a law firm.
- Strong numerical ability.
- Proficient with Microsoft Office Suite.
- Experience of legal accounts systems (Partner for Windows desirable) and strong understanding of billing processes.
- Good working knowledge of Solicitors’ accounts rules and VAT.
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.
