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- Tasks: Join our finance team to manage billing and maximise revenue.
- Company: Work with a top law firm known for its excellence and innovation.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for growth.
- Why this job: Be part of a dynamic team that drives financial success and builds client relationships.
- Qualifications: Strong interpersonal skills and basic finance knowledge required.
- Other info: Ideal for those looking to kickstart their career in finance.
The predicted salary is between 24000 - 36000 £ per year.
Our client, a top law firm, has an exciting opportunity for a Revenue Co-ordinator to join their Finance team!
The role:
- This commercial role is working as part of the Working Capital team to drive processes within the business by maximising value through billing of Work Done (WIP - Work in Progress).
- Building relationships with key clients & stakeholders to agree regular billing cycles.
- Ensuring consistency and effective time management is promoted, from strong time recording to billing and collection of debt.
- Supporting fee earners with bi-annual WIP valuations.
- Assisting with client pricing updates - where the scope of work changes.
- Gain complete transparency of WIP to enable the creation of a billing pipeline, including expected recovery rates, methods of payment and attaching appropriate WIP status.
- Identifying and escalating issues early in the cycle, to the Working Capital Manager, that may affect profitability, liquidity or attach risk.
- Assisting with the production of lock-up reports and other financial insights as required by the Working Capital Manager.
- Review of matters where no WIP has been recorded for over 6 months with a view of supporting the legal teams in closing of files.
- Reviewing monthly non-billable WIP with a view to writing off when required.
- Responsibility of ensuring that all suspended time is processed to the ledgers in a timely manner.
- Assisting the Working Capital Manager with optimising the speed of revenue and cash collections as required.
Key skills/experience:
- Strong interpersonal skills within a finance background.
- Basic knowledge of SAR and VAT.
- Good stakeholder management skills.
Revenue Coordinator employer: H2R Selection Limited
Contact Detail:
H2R Selection Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Coordinator
✨Tip Number 1
Familiarise yourself with the key financial concepts relevant to the role, such as Work in Progress (WIP) and billing cycles. Understanding these terms will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the industry.
✨Tip Number 2
Network with professionals in the finance and legal sectors, especially those who work in revenue management or similar roles. Attend industry events or join online forums to build connections that could lead to valuable insights or referrals for the position.
✨Tip Number 3
Prepare to discuss your experience with stakeholder management and how you've successfully built relationships in previous roles. Be ready to provide examples of how you've handled challenging situations or improved processes, as this will showcase your interpersonal skills.
✨Tip Number 4
Research the law firm and its financial practices thoroughly. Understanding their specific challenges and successes can help you tailor your responses in interviews and show that you're genuinely interested in contributing to their team.
We think you need these skills to ace Revenue Coordinator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and revenue management. Emphasise any roles where you've worked with billing processes, client relationships, or financial reporting.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Revenue Coordinator position specifically at this law firm. Mention how your skills align with their needs, particularly in managing WIP and stakeholder relationships.
Highlight Key Skills: Focus on showcasing your strong interpersonal skills and any experience you have with SAR and VAT. Provide examples of how you've successfully managed stakeholder relationships in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in finance.
How to prepare for a job interview at H2R Selection Limited
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Revenue Coordinator. Familiarise yourself with terms like WIP, billing cycles, and lock-up reports. This will help you answer questions confidently and demonstrate your knowledge of the role.
✨Showcase Your Interpersonal Skills
Since this role involves building relationships with clients and stakeholders, be prepared to discuss your interpersonal skills. Share examples of how you've successfully managed relationships in previous roles, especially in a finance context.
✨Prepare for Technical Questions
Brush up on your knowledge of financial processes, including time recording, debt collection, and VAT. Be ready to explain how you would handle specific scenarios related to these areas, as this will show your technical competence.
✨Demonstrate Problem-Solving Abilities
The role requires identifying and escalating issues that may affect profitability. Prepare to discuss past experiences where you've identified problems early and how you addressed them. This will highlight your proactive approach and analytical skills.
