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Working Capital Manager

Totum
Posted 14 days ago, valid for 5 days
Location

London, Greater London EC1R 0WX

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Totum Partners is recruiting an interim Working Capital Manager for a leading international law firm, reporting directly to the Group CFO.
  • The role involves enhancing the firm's working capital strategy by improving WIP and AR processes, developing reporting, and identifying efficiency opportunities.
  • Candidates should have strong management experience in working capital within a law firm and a commercial mindset focused on improving revenue processes.
  • The position requires a salary of £80,000 to £100,000 and at least 5 years of relevant experience.
  • The ideal candidate will be a confident communicator with proven leadership skills and a proactive, collaborative approach.

Totum Partners is working with a leading international law firm to recruit an interim Working Capital Manager. This role reports directly to the Group CFO and works closely with the credit control and wider finance teams.

You will support the firm’s Working Capital Committee in enhancing the overall working capital strategy. This includes improving WIP and AR processes, developing reporting to support decision-making, and identifying opportunities to streamline processes and reduce lock-up days.

The ideal Interim Working Capital Manager will be responsible for:

  • Manage WIP and AR, focusing on reducing lock-up and improving days.
  • Provide regular reports across the firm.
  • Work with finance to deliver clear, consistent financial reporting.
  • Review billing and write-offs. Suggest and implement improvements.
  • Monitor time recording. Report on poor compliance and follow up as needed.
  • Continuously review systems and processes to improve working capital.
  • Support global credit control with regular meetings. Align systems and processes.
  • Ensure the team supports group goals and follows best practice.
  • Set and track KPIs for collections.
  • Help identify ways to improve service and reduce lock-up.
  • Assist team members and fee earners with client queries.

The Ideal Interim Working Capital Manager will have:

  • Strong management experience in working capital within a law firm.
  • Commercial mindset with a focus on improving revenue processes.
  • Able to manage priorities and meet tight deadlines.
  • Confident communicator, written and verbal.
  • Comfortable influencing senior legal and finance stakeholders.
  • Collaborative, proactive, and quick to respond.
  • Strong team player with proven leadership skills.
  • Positive attitude and hands-on approach.
  • Works independently with minimal supervision.
  • High level of motivation and enthusiasm.

Equal Opportunities

As a responsible business, it is important that we represent the diversity of our people, our clients and our communities. We believe that the firms that thrive are those with the most diverse team; that's why we work so hard to source the best talent from the broadest pool possible. As an equal opportunities employer we strive to accommodate anyone who may have specific needs. If you require reasonable adjustments to be made during the selection process, please talk to a member of the recruitment team so that any required adjustments can be made in advance.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.