Working Capital Manager

Ambition; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading law firm in London is seeking a Working Capital Manager to oversee billing, e-billing, and credit control. This pivotal role involves managing a team of 27 professionals and driving transformational initiatives for working capital management. Candidates should have proven experience in working capital management within a law firm, excellent leadership skills, and a knack for leveraging technology to improve processes. This opportunity promises significant impact within a forward-thinking environment.

Benefits

Referral bonuses

Qualifications

• Proven experience in working capital management within a law firm or professional services.
• Strong leadership skills with experience managing large teams.
• Tech-savvy with a track record of system integrations.

Responsibilities

• Own and drive the firm's working capital strategy.
• Chair the Finance Committee and contribute to compliance.
• Maximise use of the firm's e-billing hub.

Skills

Working capital management

Billing and credit control

Stakeholder engagement

Leadership

Process improvement

Job description

We are working with one of our law firm clients in the search for their new Working Capital Manager, to lead a high-performing team and spearhead initiatives that transform working capital management within a leading law firm.

Reporting directly to the Chief Financial Officer, this pivotal role heads up a team of 27 professionals across their three UK offices (London being the head office) You'll oversee all aspects of billing, e-billing, and credit control, including international offices, while delivering strategic projects to support the firm's ambition to become a tech-enabled law firm.

Key Responsibilities

• Own and drive the firm's working capital strategy, reducing lock-up and improving end-to-end billing and credit control processes.
• Build strong relationships with partners to ensure timely billing and debt collection aligned with agreed targets.
• Chair the Finance Committee and contribute to the Data Governance Committee, influencing firm-wide compliance and risk management.
• Maximise use of the firm's e-billing hub and ensure adherence to policies.
• Collaborate with external agencies for debt recovery and manage operational issues with practical solutions.
• Lead quarterly reporting routines, including progress against strategic objectives and lock-up targets.
• Oversee charge‑out rate setting, including annual reviews.
• Manage and develop a large team, supported by Credit Control, Billing, and E‑Billing Managers.
• Review and optimise billing workflows and e‑billing system integration.
• Develop alternative billing approaches for non‑standard services.
• Standardise rate structures and enhance financial reporting.
• Explore new credit control solutions and improve finance training for partners and fee earners.

About You

• Proven experience in working capital management, billing, and credit control within a law firm or wider professional services environment.
• Strong leadership skills with experience managing large teams.
• Excellent stakeholder engagement and communication skills.
• Tech‑savvy with a track record of delivering process improvements and system integrations.
• Strategic thinker with hands‑on problem‑solving ability.

This is an exciting opportunity to make a significant impact in a forward‑thinking firm committed to innovation and excellence.

If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply. https://www.ambition.co.uk/refer-a-friend