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- Tasks: Lead a team to transform working capital management in a top law firm.
- Company: Join a forward-thinking law firm committed to innovation and excellence.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Make a real impact while driving strategic projects in a tech-enabled firm.
- Qualifications: Experience in working capital management and strong leadership skills required.
- Other info: Exciting opportunity with a large team and excellent career advancement potential.
The predicted salary is between 36000 - 60000 £ per year.
We are working with one of our law firm clients in the search for their new Working Capital Manager, to lead a high-performing team and spearhead initiatives that transform working capital management within a leading law firm. Reporting directly to the Chief Financial Officer, this pivotal role heads up a team of 27 professionals across their three UK offices (London being the head office).
You will oversee all aspects of billing, e-billing, and credit control, including international offices, while delivering strategic projects to support the firm’s ambition to become a tech-enabled law firm.
Key Responsibilities- Own and drive the firm’s working capital strategy, reducing lock-up and improving end-to-end billing and credit control processes.
- Build strong relationships with partners to ensure timely billing and debt collection aligned with agreed targets.
- Chair the Finance Committee and contribute to the Data Governance Committee, influencing firm-wide compliance and risk management.
- Maximise use of the firm’s e-billing hub and ensure adherence to policies.
- Collaborate with external agencies for debt recovery and manage operational issues with practical solutions.
- Lead quarterly reporting routines, including progress against strategic objectives and lock-up targets.
- Oversee charge-out rate setting, including annual reviews.
- Manage and develop a large team, supported by Credit Control, Billing, and E-Billing Managers.
- Review and optimise billing workflows and e-billing system integration.
- Develop alternative billing approaches for non-standard services.
- Standardise rate structures and enhance financial reporting.
- Explore new credit control solutions and improve finance training for partners and fee earners.
- Proven experience in working capital management, billing, and credit control within a law firm or wider professional services environment.
- Strong leadership skills with experience managing large teams.
- Excellent stakeholder engagement and communication skills.
- Tech-savvy with a track record of delivering process improvements and system integrations.
- Strategic thinker with hands-on problem-solving ability.
This is an exciting opportunity to make a significant impact in a forward-thinking firm committed to innovation and excellence.
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.
Working Capital Manager in City of London employer: Ambition
Contact Detail:
Ambition Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Working Capital Manager in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at firms you’re interested in. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you land that interview, make sure to highlight your experience in working capital management and your leadership skills. Use specific examples to demonstrate how you've improved processes or led teams in the past. We want to see your impact!
✨Be Tech-Savvy
Since this role is all about becoming a tech-enabled law firm, brush up on your knowledge of e-billing systems and financial reporting tools. Being able to discuss these technologies confidently will show you’re ready to take the firm to the next level.
✨Apply Through Us!
Don’t forget to apply through our website! We’re here to help you every step of the way, and we know the ins and outs of the firms we work with. Plus, it gives you a better chance of landing that dream job!
We think you need these skills to ace Working Capital Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Working Capital Manager role. Highlight your experience in working capital management, billing, and credit control, especially within a law firm or professional services environment. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your leadership experience and how you've successfully managed large teams. We love seeing your personality come through, so don’t hold back!
Showcase Your Tech Savviness: Since this role involves becoming a tech-enabled law firm, make sure to highlight any relevant tech skills or experiences you have. Whether it's e-billing systems or process improvements, we want to know how you've used technology to drive results.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Ambition
✨Know Your Numbers
As a Working Capital Manager, you'll need to be on top of your game with financial metrics. Brush up on key performance indicators related to billing and credit control. Be ready to discuss how you've improved these metrics in past roles.
✨Showcase Your Leadership Skills
This role involves managing a large team, so be prepared to share specific examples of how you've successfully led teams in the past. Highlight your approach to building relationships and fostering collaboration among team members.
✨Demonstrate Tech Savviness
Since the firm is looking to become tech-enabled, make sure you can talk about your experience with e-billing systems and any process improvements you've implemented. Bring examples of how you've used technology to enhance efficiency in previous roles.
✨Prepare for Strategic Discussions
You'll be influencing firm-wide compliance and risk management, so think about strategic initiatives you've led. Be ready to discuss how you align financial strategies with broader business goals and how you tackle challenges head-on.
