Revenue Controller
Department: Ampa Group Services - Chief Financial Office - Planning and M&A - Commercial Finance - 9112
Employment Type: Permanent - Full Time
Location: Flexible
Reporting To: Sonja Dudley
Description
The Revenue Control Team’s function is to maximise the speed with which work in progress (WIP) is turned into cash and ensure good housekeeping of WIP, billing and client monies group wide. The Team works hands-on with Matter Partners (MP’s) and Fee Earners (FE’s) and regularly connects with our Commercial Finance, Central Finance and Risk and Compliance Teams to ensure timely resolution of any issues.
It is key that the successful candidate will have extensive understanding of the full revenue cycle and how it drives the profitability of a professional services firm.
What you will be doing:
* Working directly with MP’s and FE’s in a hands-on capacity carrying out regular WIP reviews to ensure WIP accuracy and timely billing relative to the type of work being carried out to prevent unnecessary aged WIP and ensure that lock up and WIP days are kept under control. Provide the MP’s and FE’s and their teams with support, guidance and training to ensure optimal working capital management and good housekeeping principles are applied in relation to time recording, WIP, disbursements, billing and write-offs and in line with the groups policies and procedures.
* Refer FE’s to IT Training where issues are discovered in respect of the use of our IT systems.
* Ensuring compliance with the Solicitors Accounts Rules (SAR) in relation to billing, client monies held, file closure and encourage the prompt return of client monies where necessary.
* Identification, investigation and implementation of corrective actions in relation to issues.
* Liaising directly with the Legal Cashiering Team, COFA, COLP and Commercial Finance Team as needed to resolve any issues quickly.
* Actively chase missing timesheets to ensure all WIP is captured and promptly billed and assisting FE’s with any time queries they may have.
* Monitor the regular billing of large external disbursements to ensure payment liability is covered. 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. Provide support and guidance to the Client Rates Team to understand bespoke fee arrangements and assist with any complex billing needs for our key clients.
* Oversee financial housekeeping, including ensuring that when a MP or FE leaves the Firm, their client (in respect of a partner) and matter roles on our systems are re-allocated in a timely manner and in accordance with the groups protocols.
* Support the Annual Financial Audit and Quarterly reviews, preparing any needed supporting analysis, audit schedules, to assist with the valuation of work in progress.
* Feedback to the Revenue Manager on the effectiveness of processes and procedures including improvement ideas, as well as working collaboratively with other teams on process and procedure improvement projects.
* Feedback to the Revenue Manager on any noticeable trends, both positive and negative, in relation to matter housekeeping and compliance. This information will be crucial for reporting to the Leadership group and shaping their focus moving forward.
* Other ad-hoc duties as agreed by the Revenue Manager.
What you will need:
Essential:
* Detailed working knowledge of the Solicitors Accounts Rules and VAT compliance.
* Commercially minded, tenacious, proactive self-starter capable of problem-solving and developing solutions who can work across multiple teams and levels of people in our group.
* Proactive involvement in WIP management and an understanding of the need for good Working Capital Management.
* Conscientious, methodical and high level of attention to detail and accuracy.
* High level of knowledge of systems/ IT literacy including knowledge of Aderant and InTapp (or other similar practice management and time recording system) as well as excellent Word and Excel skills.
* High standards of professionalism and in particular, confidentiality.
* Excellent communication and interpersonal skills and the ability to develop effective working relationships to achieve and effect good outcomes in relation to matter housekeeping management, working capital management and compliance.
Qualification requirements:
* An Accounting or Financial qualification (preferred but not essential).
* Qualified by experience with minimum 3 years’ experience held in a revenue control role.
Benefits, Agile Working and Additional information
We embrace agile working and offer a blended approach to where and how we work. We appreciate that people have different needs and preferences and we’re keen to be flexible, after all, we value what you do, not where you do it.
We have the following hubs across the UK: Birmingham, Bristol, Leicester, Lincoln, London, Milton Keynes, Nottingham, Solihull, Stratford upon Avon, Sheffield and in the South; Crawley, East Grinstead, Lewes, Brighton, Eastbourne, Seaford, Peacehaven, Storrington, Chichester & Southampton as well as our Scotland office located in Edinburgh.
Additional information
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Please be aware, for some vacancies, where we receive high numbers of applications we may need to bring the close date forward.
Due to the nature of the work undertaken, confirmation of employment will be subject to a variety of checks which will be carried out once an offer of employment is accepted. Details of the checks can be found here .
Equal opportunities
Ampa Group is a committed equal opportunities employer. We seek to attract, develop and retain talented people from a diverse range of backgrounds and cultures. We value and respect individuality and encourage a culture within our business where people can be themselves and be valued for their strengths and experiences. Everyone who either applies to or works for the firm is treated equally, regardless of their gender, age, ethnic origin, nationality, marital status, sexual orientation or religious beliefs.
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