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- Tasks: Manage revenue for partners, ensure timely billing, and analyse client data.
- Company: Join a prestigious US law firm with a strong reputation in London.
- Benefits: Enjoy a collaborative team environment and potential for special projects.
- Why this job: Great opportunity to develop skills in a dynamic legal setting with experienced professionals.
- Qualifications: Five years' experience in a large law firm and proficiency in MS Office and Elite 3E required.
- Other info: Refer a friend and earn £200 in shopping vouchers if they get hired!
The predicted salary is between 48000 - 72000 £ per year.
I am delighted to be partnered with an exceptional US law firm in their search for a Revenue Controller to join their London office. The role reports into an experienced revenue manager and is an excellent opportunity for an experienced revenue controller to join a great team.
Day duties of the role:
- Establish relationships to gain comprehensive knowledge about clients and departmental matters.
- Follow up on concluded matters or those at the billing stage, ensuring timely responses.
- Manage the revenue aspects for a specified group of Partners and fee earners within the firm.
- Conduct regular reviews of Work In Progress (WIP) and Accounts Receivable (AR) for your groups, arranging review meetings with Partners and the credit controller.
- Hold meetings with Partners and fee earners to discuss WIP and AR, including the credit controller, to determine the most appropriate course of action.
- Ensure the timely processing of bills, checking VAT and numerical calculations on bills, and compliance with VAT and Solicitors Accounts Rules.
- Maintain matter comments and reporting for the Partners assigned to you.
- Handle transfers of time/cost and write-offs and produce credit notes where necessary.
- Regularly analyse and maintain client/matter data.
- Take a lead role in special projects as needed.
The right candidate will need:
- Minimum of five years\’ experience in a large law firm, including exposure to VAT and disbursements.
- Knowledge of Solicitors Accounts Rules.
- Understanding or experience of billing in a foreign currency and associated issues.
- Proficiency in MS Office Suite, particularly Excel.
- High level of proficiency with Elite 3E.
- Ability to organise, prioritise, plan, and multi-task work activities, effectively meeting deadlines in a high-pressure environment.
- Excellent analytical and problem-solving skills.
- Flexibility to adapt to all work situations and demands as required.
- Regularly meet and discuss team requirements with London management.
- Capable of organising cover for other members\’ work during their absence.
- Ability to guide and share knowledge of working practices with the team.
If this job isn\’t quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply.
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Contact Detail:
Ambition Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Controller
✨Tip Number 1
Network with professionals in the legal and finance sectors. Attend industry events or webinars where you can meet people who work in law firms, especially those in revenue management roles. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the specific software and tools mentioned in the job description, particularly Elite 3E. If you haven't used it before, consider taking an online course or tutorial to boost your confidence and demonstrate your commitment to mastering the necessary skills.
✨Tip Number 3
Prepare for potential interviews by researching common challenges faced by revenue controllers in law firms. Be ready to discuss how your experience aligns with these challenges and how you can contribute to solving them effectively.
✨Tip Number 4
Stay updated on the latest trends in legal finance and billing practices. Subscribe to relevant newsletters or follow industry leaders on social media. This knowledge can help you engage in meaningful conversations during interviews and show your enthusiasm for the role.
We think you need these skills to ace Revenue Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in revenue control, particularly within a law firm. Emphasise your knowledge of VAT, disbursements, and the Solicitors Accounts Rules, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the firm. Mention specific experiences that demonstrate your ability to manage revenue aspects and your proficiency with tools like Elite 3E and Excel.
Showcase Analytical Skills: Provide examples in your application that showcase your analytical and problem-solving skills. Discuss how you've successfully managed WIP and AR in previous roles, and how you approached challenges in high-pressure environments.
Highlight Team Collaboration: Since the role involves working closely with Partners and fee earners, mention your experience in team settings. Describe how you've effectively communicated and collaborated with colleagues to achieve common goals.
How to prepare for a job interview at Ambition
✨Know Your Numbers
As a Revenue Controller, you'll be dealing with financial data regularly. Brush up on your knowledge of VAT, disbursements, and the Solicitors Accounts Rules. Be prepared to discuss how you've managed these aspects in previous roles.
✨Demonstrate Analytical Skills
Highlight your analytical and problem-solving skills during the interview. Prepare examples of how you've successfully conducted reviews of Work In Progress (WIP) and Accounts Receivable (AR), and how you approached any challenges that arose.
✨Showcase Your Teamwork
This role involves working closely with Partners and fee earners. Be ready to share experiences where you've collaborated effectively with others, especially in high-pressure situations. Emphasise your ability to organise meetings and communicate clearly.
✨Familiarise Yourself with Elite 3E
Since proficiency in Elite 3E is crucial for this position, make sure you understand its functionalities. If you have experience with similar software, be prepared to discuss how you adapted to new systems and your approach to learning new tools.
