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I am currently partnering with one of my close, International Law Firm clients on the recruitment of a Revenue Controller on a 12-month fixed term basis.
Key responsibilities:
- Overall control and responsibility for driving the WIP management or one practice area initially to ensure WIP is actively managed by partners and WIP days and lock up are kept under control.
- Through WIP meetings, seek in-depth knowledge of client agreed fee arrangements (e.g. fixed fee/volume discount/contingent/conditional/capped) and track and monitor WIP and billing activity to ensure compliance.
- Information gathering on key matters/clients and follow up on action points.
- Monthly/two weekly meetings with Partners to review WIP/disbursements and debtors and follow up on action points.
- Timely updating of matter notes ensuring WIP reports are current with the latest information to include expected recovery rates, billing dates, areas of concern which should be flagged and monitored and any aged WIP is recoverable.
- Timely preparation and distribution of client WIP/Debtor statements and exposure/accrual reports as and when required by the client/fee earner.
- Client reconciliations and analysis.
- Actively identify areas of work where automated reports and alerts can assist or process improvements can be made.
- Actively chase missing timesheets within the department to ensure all WIP is captured and promptly billed and assisting fee earners with any time queries they may have.
- Preparation and processing of the departments bills and credit notes when required throughout the month and at month ends which may include complex multi matter, pro rated and foreign currency billings.
- Action write offs/transfers/fee earner matter amends/time and narrative amends.
- Review and ensure the billing guide adequately supports time or disbursements removed and the fee allocation shown is in line with the firm's policy, the VAT treatment is correct before posting to ledger and all necessary compliance checks are completed.
Key responsibilities:
- Experience of working in a revenue/billing/credit control environment in the legal sector.
- Understanding of the Solicitors' Accounts Rules and relevant VAT legislation.
- Effective planning and organization skills.
- Aderant experience preferred.
- In-app time experience beneficial.
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