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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 72000 - 108000 Ā£ 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 writeāoffs, and embed bestāpractice working capital management across the business. This is a newly created role and the successful person will play a strategic and handsāon 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 feeāearners to understand exposure and plan next steps.
- Monitor financial risk on significant matters, implementing strategies to minimise writeāoffs 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 workingācapital 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 writeāoff narratives to identify trends and recommend improvements.
- Prepare and model budgets for new matters.
- Develop reporting metrics to reduce timeātoābill, improve collections, and reduce discretionary writeādowns.
- Facilitate practiceāgroup 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, eāBilling 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 fastāpaced, targetādriven environment.
- Proven leadership and teamādevelopment 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 London employer: Ambition
Contact Detail:
Ambition Recruiting Team
StudySmarter Expert Advice š¤«
We think this is how you could land Working Capital Senior Manager in London
āØNetwork Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant LinkedIn groups, and donāt be shy about reaching out to former colleagues or industry contacts. You never know who might have the inside scoop on job openings.
āØAce the Informational Interview
Set up informal chats with professionals in roles youāre interested in. This isnāt just about asking for a job; itās about gathering insights and advice. Plus, if they like you, they might just think of you when a position opens up!
āØShowcase Your Skills
When you get the chance to meet potential employers, make sure to highlight your achievements and how they relate to the role. Use specific examples that demonstrate your expertise in working capital management and your ability to lead teams effectively.
āØApply Through Our Website
Donāt forget to check out our website for the latest job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed by hiring managers. Letās land that dream job together!
We think you need these skills to ace Working Capital Senior Manager in London
Some tips for your application š«”
Tailor Your CV: Make sure your CV is tailored to the Working Capital Senior Manager role. Highlight your experience in working capital management and any relevant achievements that showcase your commercial acumen. We want to see how you can influence senior stakeholders!
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 position. Mention specific examples of how you've improved financial performance or led teams in the past. We love a good story!
Showcase Your Leadership Skills: Since this role involves leading and developing a team, make sure to highlight your leadership experience. Share instances where you've coached others or driven initiatives that made a difference. Weāre looking for someone who can inspire and guide!
Apply Through Our Website: Donāt forget to apply through our website! Itās the best way for us to receive your application and ensure it gets the attention it deserves. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at Ambition
āØKnow Your Numbers
Make sure youāre familiar with key financial metrics relevant to working capital management. Brush up on your understanding of billing, collections, and profitability data, as youāll likely be asked to discuss how you can improve these areas.
āØShowcase Your Leadership Skills
Prepare examples that highlight your experience in leading teams and developing talent. Think about specific situations where youāve successfully coached others or implemented best practices, as this role involves managing a team of Working Capital Managers and Controllers.
āØUnderstand the Business
Research the law firmās structure, its partners, and their strategic goals. Being able to speak knowledgeably about how you can enhance matter profitability and reduce write-offs will show that youāre not just focused on numbers but also on the bigger picture.
āØPrepare for Scenario Questions
Anticipate questions that ask how you would handle specific challenges related to working capital management. Think through scenarios involving client revenue management or risk mitigation, and be ready to explain your thought process and strategies.
