Overview
I am currently recruiting a Revenue executive for a Law Firm based in Central London, close to Holborn station.
Client Details
My client is a well-established law firm based in Central London. Due to recent rapid growth, they are now looking to hire a Revenue executive to join their diverse Team.
This is a permanent role with hybrid working
Their offices are based in London, close to Holborn Tube Station.
Sector: legal
Description
The role
The revenue executive takes a pro-active approach to assisting Partners, Fee Earners and PAs and provides overall billing and collections support. This is a busy and demanding role and a high standard of performance and accuracy is expected. The position requires the preparation of client invoices, as well as monitoring and follow-up after they are sent. Responsibilities include working on complex billing matters and related requests to meet the firm’s billing and cash collection targets.
Duties will include:
Revenue
- responsible for liaising with partners in one of the firm’s practice areas to ensure that the working capital is actively managed by partners and WIP and Debtor days are kept to a minimum;
- lead meetings with partners to review working capital exposure and follow up on any action points;
- working alongside the revenue controllers and wider team to gain greater understanding of firm wide reporting requirements, target setting and progress against targets;
- updating the revenue controller / revenue manager on specific client / partner exposure;
- attend regular internal team meetings, to discuss issues of concern and resolution, and sharing resolutions to issues / positive changes to existing processes including carrying out risk assessments where required; and
- assist with training of new team members on billing processes, as required.
Credit Control
- pro-actively chasing clients to ensure prompt settlement of invoice’s including preparing of client statement’s in line with the credit control procedure;
- ensure timely resolution of queries raised and ensuring Partners and Fee Earners are following up on queries as required;
- identifying and escalating potential problem debts to the relevant senior team member; and
- where required, assisting with testing and implementation of new collections technology and process.
Billing Process
- process a high number of invoices each month according to established procedures and dispatching the invoices to our clients;
- process WIP transfers, write offs adjustments and narrative amendments as required;
- ensuring that bills submitted for processing comply with relevant VAT and SAR; and
- investigate any billing queries raised and report back to the relevant individual offering suggestions / solutions where necessary
This job description encompasses the main duties of the role and is by no means exhaustive. It is anticipated that duties may vary from time to time according to the needs of the department.
Profile
The candidate
Broadly, we want to recruit an individual that fulfils the following criteria:
- the successful candidate will ideally have two years previous experience of working as a revenue assistant, biller or credit controller in a professional services environment;
- they will be of A-Level standard or equivalent and will be working towards or already have further qualifications, for example studying AAT / ACCA / CIMA;
- excellent inter-personal communication skills (both written and verbal), demonstrating experience of liaising with clients, partners, fee-earners, secretaries and finance colleagues;
- team player who supports and motivates their colleagues. Follows instructions, but is confident to query instructions when unsure;
- demonstrate a clear track record of commitment to the highest level of customer service;
- a high level of numeracy is required together with a good understanding of financial workings; and
- it is essential that the candidate will have an eye for detail, be solution orientated and the ability to act positively, creatively and intuitively when presented with challenges. The job holder is expected to work within the established billing and debt collection procedures.
Job Offer
The successful candidate will be paid £30,000 – £33,000 depending on experience.
