Working Capital Controller - Magic Circle

Location: London, Greater London, England
Contract Type: Permanent
Specialisation: Finance & Accounting
Salary: £40000 - £50000 per annum + Employee Assistance Programme + More!
REF: BBBH246975_1625248700

Ambition are representing a Magic Circle Law Firm, they are in search of a driven Working Capital Controller to join their global firm and maintain their reputation for excellence. The team is responsible for the whole working capital cycle and the reporting for clients. As a Working Capital Controller, you will be liaising with partners and fee earners by ensuring bills are accurate, adhering to client agreements and Solicitors Accounts Rules. There are several examples of individuals progressing in their career or being promoted internally at this firm. This leading law firm is committed to your progress by supporting you; building rewarding careers, opportunities for growth and facilitating a flexible environment.

As the Working Capital Controller some of your responsibilities include:

  • Assist Partners on profitability forecasting for individual matters
  • Review the client revenue and net investment balances (WIP and Debts) for partners you are allocated and take ownership of reporting
  • Review billing write offs and ensure any material amounts are escalated to working capital manager
  • Review unbilled disbursements account balances and disbursements written off for your partners on a monthly basis and investigate any significant movements
  • Analyse current billing and profitability information and other items of a complex nature for reporting and problem-solving including calculating PPP analysis of individual matters
  • Preparation and processing of e-bills to ensure time and disbursements are accurately charged and allocated along with clearing rejected e-bills
  • Assist partners in the preparation of matter budgets and regularly review WIP and debtor lock up days for partner matters
  • Delivery, design and preparation of financial presentations
  • Develop close relationships with the particular partners and central pricing team
  • Liaising with the partners and Shared Service Centre (SSC) Credit Control team to improve the speed of cash collection
  • Involvement in ad hoc projects

To be successful in this Working Capital Controller position, some of the requirements include:

  • Finance experience within the Legal sector
  • Excellent communicator and work effectively in a team
  • Ability to prioritise and work well under pressure
  • Proactive and professional approach
  • Experience of a legal practice management system (Elite Enterprise/3E) would be beneficial
  • Experience within working capital would be beneficial but not essential

If you fit the Working Capital Controller description above and are interested in a new challenge within a collaborative and inclusive firm, please apply with your updated CV.