Revenue & Collections Supervisor

Recruiter
Edward Mann Ltd
Location
London (Central)
Posted
11 Jul 2018
Closes
10 Aug 2018
Sector
Legal
Contract Type
Permanent
Hours
Full Time

Edward Mann are currently headhunting on behalf of a leading Law Firm who are looking for a Revenue & Collections Supervisor to join their team.

Key Responsibilities

  • Overseeing the production and distribution of proforma/draft invoices at the beginning of the month together with WIP/AR reports
  • Making edits as requested by attorneys to proformas/draft invoices and finalising invoices in line with firm procedures and guidelines, and working with and supervising remote billers to do the same
  • Regular meetings with Partners and their secretaries to discuss WIP, accounts receivable, and escalating areas of concern where necessary
  • Responsible for the collection of debts through direct contact with Partners, fee earners, and clients
  • Monitoring the proformas for accuracy and liaising with matter set-ups team where necessary
  • Draft and finalise multi-currency invoices
  • When necessary submit/supervise submission of electronic invoices to the client via the e-billing hub and monitor their processing and collection
  • Issue credit notes when required and adhere to VAT regulations
  • Analysis of debtors to highlight payment patterns and potential areas of concern
  • Coordination of write offs on non-collectable debtors and WIP and obtain the relevant approvals when necessary
  • Provide regular billing and collections updates to the Head of Finance
  • Responsible for resolution of aged WIP
  • Undertake WIP & AR valuation as at each year end for UK tax purposes
  • Monitoring and chasing missing timesheets
  • Ensure prompt follow up of all pending items such as time/disbursement transfers, credit notes, write offs and general queries
  • Liaise directly with partners on rate agreements, outstanding WIP & AR
  • Communicate any client/matter changes with US
  • Liaise with US with regard to rate agreements and discounts
  • Oversee the preparation and distribution of weekly cash receipts report
  • Preparing monthly cash receipts forecast for the Head of Finance and UK management accountant
  • Assist in preparing budgets on matters and costs estimates on matters on a timely basis
  • Provide financial data on performance to practice heads (including weekly report to Head of Investigations and criminal litigation and weekly reports on various clients to monitor Billings and Collections status)
  • Complete Office of National Statistics quarterly questionnaire
  • Complete and return the EC Sales list to HMRC
  • Prepare quarterly output VAT reconciliation for management accountant

Desirables

  • Use of Elite accounting system

Edward Mann Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Edward Mann Ltd is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply.

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