Billing Coordinator

Billing Coordinator

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage billing and revenue functions while supporting financial targets.
  • Company: Join Simpson Thacher & Bartlett LLP, a top global law firm with a rich history since 1884.
  • Benefits: Enjoy a competitive salary, hybrid work model, and a supportive, diverse environment.
  • Why this job: Be part of a dynamic team that values collaboration and empowers you to succeed.
  • Qualifications: Five years in a legal setting with billing experience; strong Excel skills required.
  • Other info: Opportunity for growth in a fast-paced, high-energy workplace.

The predicted salary is between 43200 - 72000 £ per year.

Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,000 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe.

Description/Job Summary

To help manage the firm’s billing and revenue function in addition to assisting the firm to achieve its financial targets by providing an efficient and commercially focused service throughout the firm.

Responsibilities/Duties

  • Establishing relationships in order to gain knowledge about the clients and matters of the departments quickly;
  • Following up on matters that have concluded or have reached billing stage and ensuring they are responded to in a timely manner;
  • Responsible for managing the revenue aspects of a specified group of Partners and fee earners within the firm;
  • Conducting a regular review of Work In Progress (WIP) and Accounts Receivable (AR) for your group and arranging review meetings with Partners and fee earners;
  • Holding meetings with Partners and fee earners to discuss WIP & AR in order to determine the most appropriate course of action;
  • Ensuring the timely processing of bills, checking VAT and numerical calculations on bills and compliance with VAT and Solicitors Accounts Rules;
  • Maintenance of transfers of time/cost and write-offs, production of credit notes where necessary;
  • Regular analysis of client/matter information in relation to archiving; and
  • Keeping Partners and fee earners up-to-date on outstanding matters.

Required Skills

  • Minimum of five years plus previous experience of working in a legal environment including exposure to billing, VAT and disbursements;
  • Knowledge of Solicitors Accounts Rules;
  • An understanding or experience of billing in a foreign currency and associated issues;
  • Proficiency in Microsoft Office with strong skills in Excel;
  • Experience of using Elite 3E required;
  • Capable of being well-organised with good writing skills;
  • Ability to multi-task and prioritise;
  • Ability to organise workflow and use time efficiently;
  • Ability to be accurate and show attention to detail;
  • Capable of working within a high-charged, fast-paced environment;
  • Flexibility to adapt to all work situations and demands as required;
  • Available to work additional hours where necessary.

Details

Salary and Benefits: Competitive

Hybrid: Monday-Thursday in office, ability to WFH on Fridays

Simpson Thacher is committed to ensuring that everyone can reach their full potential, irrespective of background, identity, or circumstance. We know that we are at our best when we bring together diverse experiences and perspectives. This is why we are focused on fostering a collegial environment which maximises collaboration, empowering every individual to thrive and succeed.

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Billing Coordinator employer: Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP is an exceptional employer, offering a dynamic work culture that prioritises collaboration and diversity. With competitive salaries and a hybrid work model, employees benefit from a supportive environment that encourages professional growth and development. Located in the heart of New York, the firm provides unique opportunities to engage with a global client base while working alongside some of the brightest minds in the legal field.
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Contact Detail:

Simpson Thacher & Bartlett LLP Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Billing Coordinator

✨Tip Number 1

Network with professionals in the legal billing field. Attend industry events or join relevant online forums to connect with people who work at firms like Simpson Thacher & Bartlett LLP. Building these relationships can provide you with insights and potentially lead to referrals.

✨Tip Number 2

Familiarise yourself with Elite 3E software, as it is a requirement for this role. Consider taking online courses or tutorials to enhance your proficiency. Being well-versed in this system will give you an edge over other candidates.

✨Tip Number 3

Stay updated on the latest changes in Solicitors Accounts Rules and VAT regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the legal profession.

✨Tip Number 4

Prepare for potential interviews by practising how to discuss your previous experience in managing billing processes and handling accounts receivable. Be ready to share specific examples that highlight your attention to detail and ability to work under pressure.

We think you need these skills to ace Billing Coordinator

Legal Billing Experience
Knowledge of Solicitors Accounts Rules
VAT Compliance
Disbursement Management
Foreign Currency Billing
Proficiency in Microsoft Office
Advanced Excel Skills
Experience with Elite 3E
Organisational Skills
Strong Writing Skills
Multi-tasking Ability
Workflow Organisation
Attention to Detail
Ability to Work in a Fast-Paced Environment
Flexibility and Adaptability

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in billing and legal environments. Emphasise your familiarity with Solicitors Accounts Rules and any specific software like Elite 3E.

Craft a Strong Cover Letter: In your cover letter, express your understanding of the role and how your skills align with the responsibilities listed. Mention your ability to manage revenue aspects and your experience with VAT and disbursements.

Showcase Your Skills: Clearly outline your proficiency in Microsoft Office, especially Excel. Provide examples of how you've used these skills in previous roles to improve efficiency or accuracy in billing processes.

Highlight Adaptability: Given the fast-paced environment mentioned in the job description, include examples that demonstrate your ability to multi-task, prioritise effectively, and adapt to changing demands.

How to prepare for a job interview at Simpson Thacher & Bartlett LLP

✨Know Your Numbers

As a Billing Coordinator, you'll be dealing with financial data regularly. Brush up on your knowledge of billing processes, VAT, and disbursements. Be prepared to discuss how you've handled these in previous roles.

✨Demonstrate Organisational Skills

The role requires excellent organisational abilities. During the interview, share examples of how you've managed multiple tasks or projects simultaneously, especially in a fast-paced environment.

✨Familiarise Yourself with Elite 3E

Since experience with Elite 3E is required, make sure you understand its functionalities. If you have used similar software, be ready to explain how that experience can translate to using Elite 3E effectively.

✨Showcase Your Communication Skills

Building relationships with Partners and fee earners is key. Prepare to discuss how you've successfully communicated complex information in the past, and be ready to demonstrate your writing skills during the interview.

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