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- Tasks: Join our Finance Team as a Revenue Controller, managing Lock-up and providing insights to partners.
- Company: Be part of a dynamic firm focused on maximizing working capital across various practice areas.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth and skill development.
- Why this job: This role offers a chance to influence key financial decisions and build relationships with senior leaders.
- Qualifications: Experience in revenue/billing or accountancy, with strong Excel skills and attention to detail required.
- Other info: Expect timely feedback on your application within 72 hours if you're a match!
The predicted salary is between 36000 - 60000 £ per year.
Our client has an exciting opportunity for a Revenue Controller in their Finance Team. In this role you will act as a business partner and advisor to partners and other leaders within the firm with the aim of maximising the working capital process for all practice areas. The role will also be responsible for the general housekeeping of WIP and the production of various reports for internal teams to aid decision making. Some of your duties will include: * Overall control and responsibility for driving the Lock-up management for all practice areas to ensure Lock-up is actively managed by partners and lock up is kept under control. * Providing analysis and insight to the Practice Group Leaders, Partners and Finance team regarding Lock up (WiP and Debtors). * Providing guidance to fee earners and secretaries on billing best practices, whilst resolving queries and identify and assist areas that would benefit from extra training. Review billing profile for practice area with a view to improve bill generation timing where possible. * Hold regular meetings with Partners to review WIP/disbursements and debtors and follow up on action points. * Timely preparation and distribution of client WIP/Debtor statements and exposure/accrual reports as and when required by the client/fee earner. * Reviewing client account monies held monthly and liaising with partners regarding whether these can be used for future/existing bills or needs to be returned. * Detailed analysis when dealing with queries on unpaid debts to resolve client and fee earner issues and ultimately ensure this is resolved and payment is received. * Constant monitoring of WIP, billing and activity levels, to include arranging and attending meetings with the Departmental Managers/ Practice Managers to discuss. * Completing monthly billing reports for specific clients. A little about you: * Ideally the candidate will have experience of working in a revenue/billing/credit control environment within the legal sector. * Or, at least 2 years of professional experience in the accountancy area and or experienced in WIP management * Ability to build effective relationships and influence senior stakeholders * High attention to detail and confident in working with excel in order to provide data * Experience of working within a Partnership Due to the large number of responses we receive it is not always possible to respond to every application straight away. Should your skills and experience be a match for this role, or any other vacancy we may have, we will normally contact you within 72 hours of receiving your application. If you wish to apply for further roles please do so
Revenue Controller employer: Ideal Personnel & Recruitment Solutions Limited
Contact Detail:
Ideal Personnel & Recruitment Solutions Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Controller
✨Tip Number 1
Familiarize yourself with the specific revenue management practices in the legal sector. Understanding the nuances of WIP and billing processes will help you stand out as a knowledgeable candidate.
✨Tip Number 2
Network with professionals in the legal finance field. Building relationships with current or former Revenue Controllers can provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with Excel and data analysis during interviews. Highlighting your ability to manage and interpret financial data will demonstrate your readiness for the role.
✨Tip Number 4
Showcase your relationship-building skills by preparing examples of how you've influenced senior stakeholders in previous roles. This will illustrate your capability to act as a business partner effectively.
We think you need these skills to ace Revenue Controller
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Revenue Controller position. Understand the key responsibilities and required skills, especially those related to WIP management and billing practices.
Tailor Your CV: Customize your CV to highlight relevant experience in revenue, billing, or credit control, particularly within the legal sector. Emphasize your ability to build relationships with senior stakeholders and your attention to detail.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the role and how your background aligns with the company's needs. Mention specific experiences that demonstrate your expertise in managing WIP and billing processes.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Ideal Personnel & Recruitment Solutions Limited
✨Understand the Lock-up Management Process
Make sure you have a solid grasp of lock-up management and how it impacts working capital. Be prepared to discuss your experience in managing WIP and debtors, and how you've successfully influenced partners in previous roles.
✨Showcase Your Analytical Skills
Highlight your ability to analyze financial data and provide insights. Prepare examples of reports you've created or analyses you've conducted that led to improved decision-making within your team or organization.
✨Demonstrate Relationship-Building Abilities
Since this role involves working closely with partners and senior stakeholders, be ready to share examples of how you've built effective relationships in the past. Discuss any strategies you've used to influence decision-makers.
✨Prepare for Billing Best Practices Discussion
Familiarize yourself with billing best practices, especially in the legal sector. Be ready to discuss how you've guided fee earners and secretaries in the past, and any training initiatives you've implemented to improve billing processes.
