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For Companies At a Glance
- Tasks: Manage working capital, optimise revenue, and oversee billing cycles.
- Company: Join a leading law firm known for its dynamic finance team.
- Benefits: Enjoy a competitive salary and hybrid working options.
- Why this job: Be a key player in financial strategy and make a real impact.
- Qualifications: Experience in finance or accounting is essential; strong analytical skills required.
- Other info: Opportunity to develop your career in a supportive environment.
The predicted salary is between 43200 - 72000 £ per year.
Competitive Salary
Bristol or Swindon (hybrid)
Our client, a leading law firm, has an exciting opportunity for a Working Capital Manager to join their finance team!
The role:
- The Working Capital Manager acts as a business partner and trusted advisor to partners and other senior decision-makers with the principal objective of optimising revenue, matter profitability and speed of cash collection.
- Managing working capital and revenue control, including maximizing the speed of cash collection and turning WIP into cash.
- Analysing and interpreting data to identify early-cycle financial risks.
- Overseeing the full billing cycle, reviewing, and recommending commercial and legal action for outstanding WIP/debts.
- Supporting pricing decisions and commercial rate negotiations.
- Credit and debt management including managing, training, and developing the credit control team to collect outstanding balances.
- Leading on complex accounts, managing the credit control software and holding regular meetings with Client Partners to resolve persistent issues and improving collection processes.
- Ensuring compliance with regulatory requirements, including SRA Code of Practice, Solicitors Accounts Rules, money laundering regulations, and VAT considerations.
- Maintain and document financial control policies.
Working Capital Manager employer: H2R Selection Limited
Contact Detail:
H2R Selection Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Working Capital Manager
✨Tip Number 1
Familiarise yourself with the specific financial regulations and compliance requirements relevant to the legal sector, such as the SRA Code of Practice and Solicitors Accounts Rules. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the legal finance sector, especially those who have experience in working capital management. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could lead to an interview.
✨Tip Number 3
Prepare to discuss your experience with credit and debt management in detail. Be ready to share specific examples of how you've successfully managed teams or improved collection processes in previous roles, as this will be crucial for the Working Capital Manager position.
✨Tip Number 4
Research the law firm thoroughly, including their financial performance and any recent news. Understanding their business model and challenges will allow you to tailor your discussions during interviews and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Working Capital Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and working capital management. Use specific examples that demonstrate your ability to optimise revenue and manage cash collection effectively.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Working Capital Manager position at this law firm. Emphasise your skills in credit and debt management, as well as your experience in leading teams and improving processes.
Showcase Analytical Skills: Since the role involves analysing data to identify financial risks, include examples of how you've successfully used data analysis in previous roles. This could be through specific projects or initiatives that led to improved financial outcomes.
Highlight Compliance Knowledge: Mention your understanding of regulatory requirements relevant to the role, such as the SRA Code of Practice and money laundering regulations. This will show that you are well-prepared to ensure compliance in your new position.
How to prepare for a job interview at H2R Selection Limited
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities of a Working Capital Manager. Familiarise yourself with concepts like cash collection, WIP management, and revenue optimisation. This will help you answer questions confidently and demonstrate your expertise.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to credit and debt management. Prepare examples from your past experience where you've successfully managed complex accounts or improved collection processes. This will showcase your problem-solving skills.
✨Know the Regulatory Landscape
Since compliance is crucial in this role, brush up on relevant regulations such as the SRA Code of Practice and money laundering regulations. Being able to discuss these topics will show that you are well-prepared and aware of the legal framework surrounding the position.
✨Demonstrate Leadership Skills
As the role involves managing and training a team, be ready to discuss your leadership style and experiences. Share examples of how you've developed team members or led initiatives that improved performance, which will highlight your capability to lead the credit control team effectively.
