Working Capital/Credit Manager - City Law Firm - £65,000-£70,000
- Recruiter
- LawChoice Recruitment Agency Limited
- Location
- Moorgate
- Salary
- £65-70,000
- Posted
- 15 Sep 2020
- Closes
- 21 Sep 2020
- Job Title
- Legal Finance
- Contract Type
- Permanent
- Hours
- Full Time
Fantastic new role reporting into the firms Director of Finance, you’ll be handling a varied mix of responsibilities centring around the management of their Credit Control and Working Capital needs and supervising their UK and Overseas Credit Control teams. Responsibilities will include:-
· Arranging lock up meetings between board members and selected partners, providing all relevant information & reports
· Regular meetings with the credit control team members to review progress and discuss collection plans going forward.
· Liaising with management regarding cash flow and setting monthly collection targets and then monitoring collections throughout the month
· Providing guidance to the team on which areas to target to maximise collection efforts
· Calculation of volume discounts. Production and allocation of resulting credit notes
· Production of quarterly bad debt provision information. Review of all debts more than 6 months old with preparation of comprehensive report detailing the collection position of each invoice.
· Coordinate production of monthly debtor’s report covering aged debt, lock up by partner, department, team
· Providing clear and correct information to departmental heads and finance & administrations partners on request
· Assistance and guidance to team members and fee earners with VAT and client queries.
· Ongoing review and operation of 3E credit control processes and procedures to ensure it continues to offer an adequate level of assistance to collection team.
To apply, you’ll need 5 years + experience in the Finance Team of a law firm and ideally have experience of using Elite 3E.