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Divisional Finance Officer
2 weeks ago
**Type**:
Permanent - Full Time
**Location**:
London
**Job Role**:
Finance
**Job title: Divisional Finance Officer (Dispute Resolution)**
**Reporting to: International Finance Director**
**Location: London**
**What are we looking for?**
The Divisional Finance Officer for the Dispute Resolution division is a key global support role forming a trusted relationship between both the Finance team and the division. They will provide real time support and analysis to enable commercial decision making and help ensure smooth running of financial activities across Europe, APAC and the US.
The Disputes division billings represent almost 30% of the firms revenues and historically the highest profitability in the firm. It seeks to grow its footprint in particular in the USA so willingness to travel is essential.
**Areas of focus and responsibilities**
**Financial Performance and Reporting**:
- Build and maintain a deep understanding the divisional finances, performance drivers and KPIs and alongside the management reporting team provide ongoing analysis of variances to budget and value-added financial insight to division and firm management.
- Ensure timely, relevant and informative financial communication is disseminated throughout the division, tailoring the messaging to suit the audience and providing information to inform, motivate, change behaviours and focus as appropriate.
- Proactively review the division's financial performance highlighting specific areas of concern, devising and implementing plans with regional and divisional management.
- Assist with the co-ordination of the billing and collections processes within the division, driving the processes and identifying and/or resolving any issues in these processes alongside local billings and credit control teams.
- Monitor financial hygiene within the division, working closely with fee earners, regional finance teams and credit committees on financial exposures (both WIP and debt), as well as overseeing time recording across the division and engaging with fee earners as issues arise.
- Alongside HR monitor utilisation at a fee earner level, flagging potential areas of concern to divisional management and taking action where appropriate.
- Assisting local offices with the transition to client relationship teams; helping to engage, educate and motivate current and new team members and be a key liaison between the teams and regional finance to deliver effective billing, collection and financial hygiene practices. Implementing best practice from the set up of these teams in London to other jurisdictions as appropriate.
- Assist in and play an active role in the development and execution of alternative fee proposals for the Division and provide timely profitability analysis on significant cases where contingency is a significant issue.
**Pricing & Profitability**:
- Work with the Head of Pricing to implement pricing initiatives across the division including adoption of the pricing tool.
- Develop an in-depth understanding of pricing practices in the division and assist with profitability analysis for new and existing matters and clients.
- Work with the division and Head of Pricing on key pricing priorities such as developing effective pricing strategies for entry level products.
- Alongside the division and pricing team develop and implement appropriate charge-out rates, both for new joiners and during the annual charge-out rate-setting process.
- As part of the wider Finance team, feeding in ideas for the development of dashboards designed to assist Partners in the management of their practices.
**Business & Financial Planning**:
- Support divisional management in creating, developing and implementing the division's strategy, and subsequently the annual business plan.
- Lead the division's involvement in the annual financial planning process with a specific focus on the profitability model.
**Lateral Partner Recruitment**:
- Understand the financial business case for each lateral partner, including involvement in any finance-focused interviews as appropriate.
- Develop lateral partner models and work with division management to produce partner vote memos for potential lateral partners
- Liaise with regional finance teams to ensure the smooth financial integration of new lateral partners.
**Finance Training**:
- Identify any finance or related training requirements within the division.
- Develop, prepare and/or deliver any finance
- focused training to the division as appropriate, especially around key themes such as pricing, profitability and the impact of write-offs.
- Ensure the understanding of key financial reports and metrics across the division.
- Be the link between the division and centralised finance training.
**Other**:
- Maintain a focus on the efficiency of processes, working closely with the Divisional Operating Officer to identify and rectify any system or process inefficiencies.
- Provide financial insight into any divisional pr