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- Tasks: Support the firm's collections function and help achieve financial targets.
- Company: Join Simpson Thacher & Bartlett LLP, a leading international law firm.
- Benefits: Competitive salary, hybrid work model, and a focus on diversity and inclusion.
- Why this job: Gain valuable experience in a fast-paced legal environment while making an impact.
- Qualifications: Two years of legal experience with billing and collections knowledge required.
- Other info: Dynamic team culture with opportunities for personal and professional growth.
The predicted salary is between 28800 - 48000 £ per year.
The firm Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,000 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Luxembourg, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe.
Description / Job Summary
To assist the firm’s AR and collections function to assist the firm achieve its financial targets by providing an efficient and commercially focused service.
Responsibilities / Duties
- Establishing relationships in order to gain knowledge about the clients and matters of the departments quickly.
- Assist and work with the Senior Collections Coordinator to provide a full AR and collections function for the firm.
- Providing timely reports for Partners and Clients of outstanding invoices.
- Conducting regular reviews of AR comments and keeping them in line with the current status.
- Attending meetings with the Biller, Partners and fee earners to discuss AR in order to determine most appropriate course of action.
- Assist with ebilling delivery of invoices.
- Ensuring the timely delivery and payment of bills.
- Maintenance of transfers of time/cost and write-offs, production of credit notes where necessary.
- Regular analysis of client/matter information in relation to archiving.
- Keeping Partners and fee earners up-to-date on outstanding matters and invoices.
Required Skills
- Minimum of two years plus previous experience of working in a legal environment including exposure to billing, VAT, disbursements and collections.
- Knowledge of Solicitors Accounts Rules.
- An understanding or experience of billing and collecting in a foreign currency and associated issues.
- Proficiency in Microsoft Office with strong skills in Excel.
- Experience of using Elite 3E required.
- Capable of being well organised with good writing skills.
- Ability to multi-task and prioritise.
- Ability to organise work flow and use time efficiently.
- Ability to be accurate and show an attention to detail.
- Capable of working within a high-charged, fast-paced environment.
- Flexibility to adapt to all work situations and demands as required.
- Available to work additional hours where necessary.
Details Salary and Benefits: Competitive. Hybrid: Monday-Thursday in office, ability to WFH on Fridays.
Equal Opportunities
Simpson Thacher is committed to ensuring that everyone can reach their full potential, irrespective of background, identity, or circumstance. We know that we are at our best when we bring together diverse experiences and perspectives. This is why we are focused on fostering a collegial environment which maximises collaboration, empowering every individual to thrive and succeed.
Collections Assistant employer: Simpson Thacher & Bartlett LLP
Contact Detail:
Simpson Thacher & Bartlett LLP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Collections Assistant
✨Network Like a Pro
Get out there and connect with people in the legal field! Attend industry events, join relevant online groups, and don’t be shy about reaching out to current employees at Simpson Thacher & Bartlett LLP. Building relationships can give you insider info and might just land you an interview.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with billing and collections. Share specific examples of how you've tackled challenges in previous roles, especially in a fast-paced environment. We want to see that you can handle the pressure!
✨Be Prepared for Interviews
Do your homework on Simpson Thacher & Bartlett LLP before your interview. Understand their values, recent news, and how they operate. This will not only impress them but also help you tailor your answers to show you’re the perfect fit for their team.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team. Let’s get you that Collections Assistant role!
We think you need these skills to ace Collections Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Collections Assistant role. Highlight your experience in billing, collections, and any legal environments you've worked in. We want to see how your skills match 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 passionate about this role and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Attention to Detail: In a role like this, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work – it shows you care!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to track your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Simpson Thacher & Bartlett LLP
✨Know Your Numbers
Brush up on your knowledge of billing, VAT, and disbursements. Since the role involves financial targets, being able to discuss these topics confidently will show that you understand the core responsibilities of a Collections Assistant.
✨Familiarise Yourself with Elite 3E
Make sure you have a good grasp of how Elite 3E works. If you can demonstrate your proficiency during the interview, it’ll give you a significant edge, as this is a key requirement for the position.
✨Showcase Your Organisational Skills
Prepare examples of how you've successfully managed multiple tasks in a fast-paced environment. Highlighting your ability to prioritise and stay organised will resonate well with the interviewers, who are looking for someone who can handle their dynamic workload.
✨Build Rapport with the Interviewers
Since establishing relationships is crucial for this role, practice your interpersonal skills. Be friendly and engaging during the interview, and don’t hesitate to ask questions about the team and their processes to show your interest in collaboration.