Finance Business Partner
2 months ago
Newly created Commercial Business Partner (Finance) role at UK headquartered law firm which will support the firm's Commercial Insights and Pricing team to providing accurate, timely, insightful and relevant financial planning and analysis advice, and providepricing support.
This role will report into the Commercial Business Manager and will have a firm wide remit. This is a great opportunity to grow with the firm as they grow their Commercial Finance team over the next few years.
**Specific duties include**:
- Drive and coordinate the annual planning, budgeting and forecasting of revenues for your designated practice areas.
- Support the practice group in steering performance to meet agreed objectives, by providing insightful analysis and commentary on performance.
- Support the practice groups in investment appraisal and compiling business case for growth initiatives, including lateral hires.
- Advanced ad-hoc analysis as required to support the review of financial performance of business segments.
- Proactively drive process improvements in the commercial insight space, and support/train the regional office accounting resources to develop a commercial mindset.
- Provide or procure relevant training to partners and associates on pricing strategy, fee negotiation, AFA alternatives, and value propositions, engaging outside consultants as appropriate.
- Proactively review and analyse client and matter pricing and profitability to understand the underlying pricing trends and issues and propose strategies to respond to the firm's particular pricing challenges.
- Provide functional and administrative support for the firm's pricing tool and improve the offering to enable a roll-out to partners and associates.
- Support client pitches on pricing through modelling and sensitivity testing of proposed fee arrangements (including preparation of budgets); creating and reviewing reports pertaining to pricing.
- Development of policies, processes, guidelines and reference materials pertaining to pricing to assist pricing decisions, including matter review post-delivery to create a learning log.
- Work with the client on-boarding, Revenue, and Finance Systems teams as SME and propose enhancement/development to systems to enhance quality of information on pricing as well as the development of pricing tools.
**Must haves for the role**:
- **Have experience in a Finance Business Partnering role**:
- Experience in law firm or wider professional services
- They are happy to train on legal pricing but any exposure would be a huge advantage
- Strong financial analysis skills and influencing abilities
- Excellent communication skills and abilities to build relationships
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