Commercial Finance Senior Manager

Commercial Finance Senior Manager role now available at leading global law firm.

As the Commercial Finance Senior Manager, you will be the main point of contact for the practice group heads (PGH) of four of their key practice groups, on hand to provide support in Business Insights & Advisory, Working Capital Management and Business Planning.

You will have a team underneath you of 5 people, all at various levels, most of which have come from a revenue control background.

This role would suit someone who has either come from a Revenue Control background and worked their way up to oversee a large team and been involved in broader Commercial Finance work, or someone who has been in a senior Commercial Finance background with a solid understanding of the working capital management piece within a law firm/professional services firm.

This role doesn't require an accountancy qualification as it does not involve any accounts production, but will be working with the PGH's helping to set the budget, looking at headcount, utilisation, rates etc, updating forecasts as they go through the year.

Specific aspects of the role include:

• Drives, develops, and maintains close links with the lawyers and Practice Group Leadership, providing Commercial Finance insight and guidance and ensuring that the strategy, plan, and financial performance criteria are delivered to maximise the Practice Groups financial performance
• Advises and challenges on P&L performance for practice group leadership, supporting and influencing decision making, inputting into practice group performance reporting, and tackling areas of improvement.
• Maintains an outward client focus & awareness through strong stakeholder relationships, networking and research.
• Reporting and providing commentary on operational performance including input, utilisation and other KPIs.

• Responsible for delivering end-to-end working capital targets ensuring timely updates & forecasts are provided to the Commercial Finance PG Heads on critical areas including time recording, WIP conversion and cash collection and ensuring that corrective action is taken where required
• Advising the team with complex billing requirements including multi-jurisdiction, multi-practice group, complex timelines, e-Billing requirements, and any other specific client needs as they evolve.
• Management of billing cycles including setting out plans, communicating to relevant stakeholders, and considering allocation of team resources appropriately.
• Working closely with Global Pricing to deliver improvements in time recording and matter control
• Support with monitoring the performance of the Global Shared Services team against SLAs and KPIs to ensure timely processing of transactions, working with Global Process Owners to deliver process improvements where there is impact Commercial Finance processes

• Advises practice groups in setting and monitoring local P&L budgets, forecasts, and plans - challenging assumptions where appropriate
• Leads direct and indirect cost control processes for practice groups including communicating to and advising budget holders or any other practice group stakeholders.
• Controller for PG spend including approval and sign-off of expenditure per agreed budgets.
• Leads on areas of responsibility on the advice and guidance provided on resource management for local practice groups, providing analysis to determine appropriate size and shape of local practice and overall equity profile

Other:

• Hybrid working - 3 days in the office.
• Bonus earning opportunity
• City based law firm

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