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- Tasks: Lead and enhance working capital lifecycle for a global law firm in London.
- Company: Join a prestigious global law firm with a focus on financial performance.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a significant impact on profitability while developing your leadership skills.
- Qualifications: 10+ years in working capital management with strong commercial acumen.
- Other info: Dynamic role with a chance to influence senior stakeholders and drive change.
The predicted salary is between 36000 - 60000 £ per year.
I have partnered with one of my long-standing global law firm clients on the hire for a Working Capital Senior Manager to oversee and enhance the full working capital lifecycle for their London office. This is a pivotal, commercially focused position working closely with Partners and senior stakeholders to improve matter profitability, reduce write-offs, and embed best-practice working capital management across the business. This is a newly created role and the successful person will play a strategic and hands-on role in improving financial performance while leading and developing a team of Working Capital Managers and Controllers.
Key Responsibilities
- Assess monthly inventory positions to evaluate ability to meet billing and collection targets.
- Manage client revenue, WIP and debt balances, partnering with fee-earners to understand exposure and plan next steps.
- Monitor financial risk on significant matters, implementing strategies to minimise write-offs and maximise recoveries.
- Lead the annual WIP valuation exercise and respond to audit queries.
- Support and deputise for the Head of Working Capital in improvement initiatives.
- Contribute to global projects designed to strengthen working-capital processes.
- Oversee selected matters using a legal project management approach to optimise staffing and control margins.
- Analyse complex billing and profitability data, including PPP analysis.
- Review write-off narratives to identify trends and recommend improvements.
- Prepare and model budgets for new matters.
- Develop reporting metrics to reduce time-to-bill, improve collections, and reduce discretionary write-downs.
- Facilitate practice-group performance meetings.
- Deliver training to associates and counsel on matter management best practice.
- Act as a trusted advisor to Partners, Associates and senior stakeholders.
- Build strong internal and external relationships to facilitate issue resolution.
- Anticipate client risks and address issues early using experience from previous matters.
- Partner closely with Pricing, Revenue, Credit Control, e-Billing and offshore service teams.
- Lead, coach and develop Working Capital Managers & Controllers.
Key Requirements
- 10+ years' experience in a working capital/revenue management within a law firm or wider professional services firm.
- Strong commercial acumen with the gravitas and confidence to influence senior stakeholders.
- Proactive, resilient communicator with excellent verbal and written skills.
- Ability to work under pressure in a fast-paced, target-driven environment.
- Proven leadership and team-development experience.
- Experience with 3E is beneficial but not essential.
- Willingness to travel occasionally.
- Hybrid model - 3 days in the office.
Working Capital Senior 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 Senior Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and finance sectors. Attend industry events or webinars where you can meet potential employers or colleagues. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for those interviews! Research the firm thoroughly and understand their working capital strategies. Be ready to discuss how your experience aligns with their goals, especially around improving profitability and managing financial risks.
✨Tip Number 3
Showcase your leadership skills! Be prepared to share examples of how you've developed teams and improved processes in previous roles. This is key for a position that involves leading Working Capital Managers and Controllers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for top talent like you to join our team!
We think you need these skills to ace Working Capital Senior Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Working Capital Senior Manager role. Highlight your experience in working capital and revenue management, especially within law firms or professional services. We want to see how your skills align with the key responsibilities listed in the job description.
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 specific examples of how you've improved financial performance or led teams in the past. We love seeing your personality come through, so don’t hold back!
Showcase Your Leadership Skills: Since this role involves leading and developing a team, make sure to highlight your leadership experience. Share stories that demonstrate your ability to coach and mentor others, as well as how you've influenced senior stakeholders. We’re looking for someone who can inspire and drive change!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you don’t miss out on any updates. Plus, it shows you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Ambition
✨Know Your Numbers
As a Working Capital Senior Manager, you'll need to be on top of financial metrics. Brush up on your understanding of billing cycles, WIP, and debt balances. Be ready to discuss how you've improved these areas in past roles, as this will show your commercial acumen.
✨Showcase Your Leadership Skills
This role involves leading a team, so be prepared to share examples of how you've developed and coached others. Think about specific instances where your leadership made a difference, especially in high-pressure situations.
✨Understand the Business
Familiarise yourself with the law firm's operations and their approach to working capital management. Research their recent projects or initiatives and be ready to discuss how you can contribute to their goals, particularly in enhancing profitability and reducing write-offs.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Prepare for scenarios where you might need to address client risks or implement strategies to improve collections. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
