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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.
OverviewI am partnered with a top US law firm in their search for a Revenue Controller to join their London team on a permeant basis. The role reports into an experienced Finance Director and sits in a team of 10.
Day duties
Perform client billing and collection activities for assigned clients, ensuring accuracy and timeliness.
Prepare billing packages and edit draft invoices based on partner mark-ups, including write-offs, time/cost transfers, narrative adjustments, and application of approved discounts.
Review Proformas for misallocated time entries and ensure compliance with client billing policies.
Communicate updates or changes in client billing policies to timekeepers.
Monitor aging of unbilled fees and outstanding accounts receivable for assigned partners and clients.
Track unapplied funds and manage collection efforts, including proactive follow-up with partners, clients, and internal stakeholders.
Handle billing and client-driven requests as needed, maintaining up-to-date knowledge of all billing responsibilities.
Generate and analyze billing variance and write-off reports, securing appropriate approvals based on firm policy thresholds.
Prepare and submit electronic invoices via client-designated e-billing platforms, ensuring successful submission and addressing rejections or reductions.
Monitor payment status of client accounts and coordinate collection efforts with internal teams, including the Billing and Collection Committee and Financial Managers.
Provide support to partners and clients regarding outstanding or short-paid invoices.
Maintain accurate status updates in the firm\\\’s collection database.
You will need experience in
Relevant experience in a similar role within a law firm or professional services environment
Essential working knowledge of Elite 3E
Strong understanding of billing processes and financial management principles
Excellent client service skills, with a professional and responsive approach
Clear and confident verbal and written communication skills
Strong communication abilities when engaging with senior stakeholders
Ability to work effectively under pressure and meet tight deadlines
Numerate and confident in budgeting and financial reporting
Proficient in Microsoft Office applications and legal finance systems
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. https://www.ambition.co.uk/refer-a-friend
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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.
