Working Capital Senior Manager in New York City, NY

Law Firm

New York City, NY

Working Capital Senior Manager in New York City, NY

Law Firm Non Legal Department

Min 10 yrs required

No

Job Title: Working Capital Senior Manager

Job Responsibilities:

1. Working Capital Management:
- Evaluate monthly inventory to assess the ability to achieve billing and collection targets.
- Manage client revenue and net investment balances, meeting with partners to understand client exposures.
- Understand various transactions and cases to ascertain prospects and timings of billing and collection.
- Monitor financial risks on large matters and strategize with partners to avoid write-offs and maximize recoveries.
- Review billing write-off narratives and ensure material amounts are investigated.
- Lead the annual WIP valuation exercise for financial audits.

2. Pricing, Matter Profitability, and Project Management:
- Manage clients/matters with a Legal Project Management approach to monitor legal staffing and control margins.
- Analyze billing and profitability information for reporting and problem-solving.
- Prepare complex budgets for partner review before new engagements.
- Design reporting metrics to improve billing and collection days and reduce write-downs.
- Schedule meetings to review matter and client performance.
- Deliver training on best practices in matter management.

3. Relationship Management:
- Act as a business partner and advisor to partners and senior decision-makers.
- Maintain collaborative relationships with Working Capital Controllers and Pricing teams.
- Report progress and escalate concerns to heads of departments.
- Establish relationships with external clients to resolve issues.
- Pre-empt client queries by identifying and mitigating potential risks.
- Develop relationships with partners, counsel, and associates to support complex requests.

4. Management and Development:
- Provide leadership and senior support across working teams.
- Ensure team workload is balanced and partners receive appropriate support.
- Assist the team in improving technical abilities and soft skills.

Education and Experience Information:

- At least 10 years of experience in a management and/or operational role in a leading company/firm with profit center responsibility.
- Experience in a partnership environment and working in a matrix organization is advantageous.
- Must possess gravitas, resilience, and a high level of intellectual ability to influence at all levels.
- Requires strong team management and development skills.
- Must have excellent analytical and numeracy skills, with advanced experience in Microsoft Office.
- Experience with 3E is an advantage but not essential.
- Occasional travel may be required.

Salary Information:

- For individuals in New York, the estimated annualized base salary range is $180,400-$232,000. The actual salary will depend on qualifications, location, and other job-related factors permitted by law.

Equal Employment Opportunity:

Law firm is an equal opportunity employer, including Veterans and Disability. The firm promotes equal opportunity and prohibits discrimination and harassment in all aspects of employment. Accommodations for disabilities are available upon request.