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- Tasks: Join our Finance team as a Revenue Co-ordinator, managing billing and client relationships.
- Company: Thrings is a top law firm with a supportive culture and multiple UK offices.
- Benefits: Enjoy hybrid working, competitive salary, private medical insurance, and more tailored benefits.
- Why this job: Be part of a respected firm that values interpersonal skills and offers a dynamic work environment.
- Qualifications: Previous experience in finance, strong interpersonal skills, and knowledge of Work In Progress Management required.
- Other info: This full-time role includes occasional travel to various office locations.
The predicted salary is between 36000 - 60000 £ per year.
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We are looking for an experienced Revenue Co-ordinator to join the Finance team in either our Bristol or Swindon office. 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). Interaction with fee earners and clients is at the heart of this role, it therefore requires someone with exceptional interpersonal skills who can build strong working relationships at all levels, along with the ability to deliver results.
Key responsibilities:
- 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.
What we’re looking for:
- Previous experience in a similar role in a Professional services environment.
- Strong interpersonal skills within a finance background.
- Knowledge or a strong understanding of:Work In Progress ManagementBasic knowledge of SAR and VATKey performance indicatorsUse of IT packages
- Commercially aware with a solution focused approach.
- Professional at all times and promotes a high level client service
Working hours & location:
This is a hybrid role, based in either our Bristol or Swindon office 3 days a week. Occasional travel to our other offices in Bath, Ross-on-Wye, Lydney, Romsey and London will be required.
It’s a full-time position, 35 hours per week, Monday to Friday.
About us:
Thrings is a Top Law firm, with offices in London, Bristol, Bath, Swindon, Romsey and the Wye Valley.
By joining Thrings you are joining a supportive and well-respected firm. You can expect that you will be able to work between home and the office and we also offer a great working environment, with hot desking available for when you’re in the office and plenty of social/networking events to get involved with!
As a law firm, we support our clients by providing a variety of advice, across several different industries. We are proud of the reputation we have built to date, both externally with our clients and referrers, as well as the inclusive culture and working environment we have across all our offices.
What we can offer:
In return for your hard work, you can expect a competitive salary and a variety of benefits that can be tailored around the requirements for you and your family, including Private Medical Insurance, Dental Insurance, Health checks and much more.
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.
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Revenue Co-ordinator employer: Thrings
Contact Detail:
Thrings Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Co-ordinator
✨Tip Number 1
Familiarise yourself with Work In Progress (WIP) management, as this is a key aspect of the Revenue Co-ordinator role. Understanding how to effectively manage WIP will not only help you in the interview but also demonstrate your commitment to the responsibilities outlined in the job description.
✨Tip Number 2
Build your knowledge of key performance indicators relevant to the finance sector. Being able to discuss these metrics during your interactions with the team will show that you are commercially aware and solution-focused, which are essential traits for this position.
✨Tip Number 3
Practice your interpersonal skills by engaging with professionals in finance or legal sectors. This could be through networking events or online forums. Strong relationships with clients and stakeholders are crucial for this role, so showcasing your ability to connect with others will set you apart.
✨Tip Number 4
Research Thrings and its culture to understand what they value in their employees. Tailoring your conversations to reflect their commitment to client service and teamwork will resonate well during interviews and help you align with their expectations.
We think you need these skills to ace Revenue Co-ordinator
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and required skills for the Revenue Co-ordinator position. Tailor your application to highlight your relevant experience in managing Work In Progress (WIP) and your interpersonal skills.
Highlight Relevant Experience: In your CV and cover letter, emphasise your previous experience in a similar role within a professional services environment. Provide specific examples of how you've successfully built relationships with clients and stakeholders, and how you've managed billing cycles.
Showcase Your Skills: Make sure to showcase your strong interpersonal skills and your ability to deliver results. Mention any relevant knowledge you have regarding Work In Progress Management, SAR, VAT, and key performance indicators, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your enthusiasm for the role and the company. Explain why you want to work at Thrings and how you can contribute to their finance team.
How to prepare for a job interview at Thrings
✨Showcase Your Interpersonal Skills
As the role requires exceptional interpersonal skills, be prepared to demonstrate how you've built strong relationships in previous positions. Share specific examples of how you effectively communicated with clients and stakeholders.
✨Understand Work In Progress Management
Familiarise yourself with Work In Progress (WIP) management concepts. Be ready to discuss your experience with billing cycles and how you've contributed to maximising value through effective WIP management in past roles.
✨Prepare for Financial Insights Discussion
Since the role involves producing lock-up reports and financial insights, brush up on your knowledge of key performance indicators and financial reporting. Be ready to discuss how you've used these tools to support decision-making in your previous jobs.
✨Demonstrate a Solution-Focused Approach
The company values a commercially aware and solution-focused mindset. Think of examples where you've identified issues early and proposed effective solutions, particularly in a finance context, to showcase your proactive approach.
