Cost and Funding Analyst
Location: London – £42,000 - £46,000
Job Responsibilities:
* Assist matter teams to compile the full suite of documentation for submissions to the Risk & Funding committees (fee & outcomes projections) both prior to approval of AFAs and to ensure High Risk CFA/DBA case plans are updated and presented to the Risk & Funding Committee at least every 6 months.
* Ensure draft CFAs and DBAs are approved by the Risk & Funding Partner (commercial disputes) or Head of Costs (injury claims) before being dispatched to the client.
* Ensure CFAs and DBAs are subsequently signed by the client.
* Liaise with matter teams and ATE insurers/brokers to issue and administer ATE policies.
* Monitor and follow-up with matter teams in relation to any cases which do not appear to be progressing through those stages.
* Ensure details of resultant fee & funding arrangements and the case status are centrally recorded on a spreadsheet (AFA Tracker) and updated when necessary.
* Ensure all funding related matter contacts are added to the CRM (IA).
* Work with Case & Conflicts team and all departments to ensure cost estimates for all new cases are added to our cost management software.
* Monitor and flag any significant divergence from the cost budget/estimate agreed with client, funder or as ordered by the Court (CMO) utilizing our cost management software.
* Work with Projects and Costs to continue to develop the functionality and use of our cost management software.
* Monitor developments, disseminate knowledge and lessons learnt concerning cost and funding issues.
* Enhance our internal procedures and documentation relating to cost & funding issues.
* Answer ad hoc fee earner queries regarding cost and funding issues or refer onwards to Costs or Risk & Funding partner or RFC.
* Ensure court fee remissions are investigated and applied for where applicable.
* Extract data from systems and spreadsheets to produce reports on cost and funding issues.
* Handle ad hoc/one-off cost and funding projects as required from time to time.
General Skills and Experience:
* Commitment to working in litigation costs and funding as a career option.
* Excellent judgement and discretion regarding confidential and commercial information.
* Able to adapt to new processes and technology.
* Highly computer literate, including the preparation of Excel spreadsheets (inc. pivot tables, graphs etc) to an intermediate/advanced level of expertise.
* Highly numerate.
* Experience of the Interaction CRM, Cosine (cost management software) and Elite 3E Practice Management Systems would be advantageous.
* Project management skills.
* Previous experience in legal costs, accountancy (bookkeeping/financial data), economics or insurance.
* Understanding of funding options and cost management rules for litigation and an understanding of the nature of high value and complex litigation would be advantageous.
* Well organised, uses initiative, prioritises appropriately, applies self, shows attention to detail, manages own workload and meets deadlines.
* Demonstrates excellent communication and interpersonal skills (respectful, positive, articulate, professional and sympathetic).
* Delivers helpful internal services with a “can do” approach, shows commercial awareness and represents the firm appropriately.
* Shares information and ideas.
* Shows sound judgement and decision-making skills; acts within boundaries.
* Shows commitment, passion and enthusiasm.
* Is a respectful, reliable and supportive team player.
* Reflects the firm’s culture and core values.
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Created on 22/01/2025 by TN United Kingdom
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