Working Capital Manager

THRINGS; Swindon; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading law firm is seeking an experienced Working Capital Manager for their Finance Team in Swindon or Bristol. The role focuses on optimizing revenue and cash collection, while managing a credit control team. Candidates should possess at least 5 years' experience in similar roles, and have a strong understanding of financial regulations and stakeholder management. This position offers hybrid working and a competitive salary with various benefits.

Benefits

Private Medical Insurance

Dental Insurance

Health checks

Qualifications

• Minimum of 5+ years' experience in a similar role within a medium-sized business.
• Qualified by experience or a member of ICM or ACP.
• Strong understanding of WIP management and credit control processes.

Responsibilities

• Managing working capital and revenue control.
• Credit and debt management including leading the credit control team.
• Ensuring compliance with regulatory requirements.

Skills

Stakeholder Management

Leadership

Negotiation

Education

ICM membership or equivalent qualification

Job description

Social network you want to login/join with:

We are looking for an experienced Working Capital Manager to join our Finance Team in either our Bristol or Swindon office. The Working Capital Manager acts as a business partner and trusted advisor to partners and other senior decision-makers with the principal objective of optimising revenue, matter profitability and speed of cash collection. This position requires close interaction with partners, fee earners, clients, and key stakeholders to ensure effective management of the billing to cash collection cycle, and the minimisation of financial risk.

Key Responsibilities:

• Managing working capital and revenue control, including maximizing the speed of cash collection and turning WIP into cash, analysing and interpreting data to identify early-cycle financial risks, overseeing the full billing cycle, reviewing, and recommending commercial and legal action for outstanding WIP/debts, and supporting pricing decisions and commercial rate negotiations.
• Credit and debt management including managing, training, and developing the credit control team to collect outstanding balances, leading on complex accounts, managing the credit control software and holding regular meetings with Client Partners to resolve persistent issues and improving collection processes.
• Ensuring compliance with regulatory requirements, including SRA Code of Practice, Solicitors Accounts Rules, money laundering regulations, and VAT considerations
• Maintain and document financial control policies, procedures, and best practices.
• Produce and present lock-up reports and other financial insights as required, tailored to assist Partners and staff.
• Build and maintain strong relationships with internal stakeholders, including fee earners and Client Partners.
• Working closely with the rest of the Finance team to drive process improvements of Working Capital (WIP, billing and debt management) to the wider firm.
• Lead, develop, and mentor the credit control team and Revenue Coordinator to ensure high performance.
• Support recruitment, training, and continuous professional development within the Working Capital function.

What we’re looking for:

• Minimum of 5+ years’ experience in a similar role within a medium-sized business, ideally within professional services.
• Qualified by experience or a member of ICM (Institute of Credit Management) or ACP (Association of Credit Professionals), or other suitable qualification.
• Strong understanding of WIP management, revenue control, and credit control processes.
• Familiarity with regulatory frameworks, including SRA accounts rules, VAT regulations, and financial reporting requirements.
• Experience with stakeholder management in a finance-related role.
• A very credible individual with gravitas, resilience and high level of intellectual ability who is able to develop effective working relationships with the ability to influence at all levels.
• Strong leadership and team management skills, together with being commercially astute and business-first approach.
• Excellent negotiation and interpersonal skills, with the ability to influence stakeholders at all levels.

Working hours & location:

This is a hybrid role, based in either our Bristol or Swindon office 3 days a week. Occasional travel to our other offices in Bath, Ross-on-Wye, Lydney, Romsey and London will be required.

It’s a full-time position, 35 hours per week, Monday to Friday.

About us:

Thrings is a Top Law firm, with offices in London, Bristol, Bath, Swindon, Romsey and the Wye Valley.

By joining Thrings you are joining a supportive and well-respected firm. You can expect that you will be able to work between home and the office and we also offer a great working environment, with hot desking available for when you’re in the office and plenty of social/networking events to get involved with!

As a law firm, we support our clients by providing a variety of advice, across several different industries. We are proud of the reputation we have built to date, both externally with our clients and referrers, as well as the inclusive culture and working environment we have across all our offices.

What we can offer:

In return for your hard work, you can expect a competitive salary and a variety of benefits that can be tailored around the requirements for you and your family, including Private Medical Insurance, Dental Insurance, Health checks and much more.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.