Divisional Business Manager

NEW Divisional Business Manager (Finance) position available and leading global law firm to support one of their largest practice groups.

As the Divisional Business Manager, you will work with and support the Division Head (DH) and Practice Heads (PHs) to implement firm and divisional strategy and to ensure the efficient operational management of the global division.

This role will assume day to day responsibility for the financial performance of the division, focusing primarily on the UK and EMEA regions

Specific tasks include:

• Maximizing financial performance, efficiency and financial discipline
• Client and matter pricing and profitability management;
• Divisional profit and loss account management
• Divisional planning, budgets and forecasting
• Provide advice on fee proposals and pitches working closely with partners, the Pricing team, Commercial Finance and Business Development teams
• Develop client commercial solution and attached client meetings/pricing negotiations as required
• Create upfront financial plans for specific legal projects, including consideration of alternative pricing structures, service levels and resourcing requirements
• Monitor fee arrangements post matter inception, challenge recovery rates and assess resourcing compared to the financial plan
• Monitor financial performance across the division and advise DHs/PHs on operational issues affecting financial performance
• Monitor activity levels and advise the DH/PHs of over or under capacity in different areas of the business
• Oversee working capital exposure, working with DH and PHs and the central Financial Management team to ensure that lock-up is being managed in accordance with targets, including a particular focus on ensuring that large or old balances are being addressed
• Attend Division/practice partner meetings and ensure follow-up of agreed actions
• Work with HR team to support recruitment activity, ensuring hiring needs are justified
• Ensure proactive and effective internal communications across all groups in the division
• Ensure that global policies and procedures are being followed and implemented within the division

Experience needed:

• ACCA/ACA/CIMA qualified
• Previous background doing commercially focused finance role within a law firm or wider professional services firm is essential
• Strong interpersonal skills with the ability to build relationships and influence across all levels

3 days in the office, 2 from home.

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