The Financial Analyst role provides accurate and reliable billing rate related information and analysis to management necessary for decision making and planning.
This position will report to the Director of Strategic Pricing.
Responsibilities will include, but not be limited to, the following:
Responsible for implementation and maintenance of Firm’s billing rates, exception rates, and complex fee arrangements;
Work closely with Pricing Team and Business Development Team by providing and analyzing historical data to support the development of pricing proposals and the setting of timekeeper billing rates, client/matter profitability, matter budgeting, and pricing initiatives;
Partner with a variety of key stakeholders, both attorneys and staff to ensure coordination of rate changes, proper approval of discounts, revisions to paper and electronic billing procedures and processes to ensure seamless invoicing and approvals;
Document, track and report on firm-wide discounts;
Must ensure the integrity and accuracy of system data;
Assist with the establishment of timekeeper rates for all timekeepers based on client/matter fee arrangements;
Timely submission of timekeeper rates for electronic billing;
Research and respond to internal/external requests for rate related information and reporting of same;
Prepare reports in excel format;
Verify the accuracy of data by analyzing figures and historical statistics and uncover processing errors in time and billing transactions and ensure that financial information has been recorded accurately;
Prepare scheduled statistical information for outside counsel;
Assist other departments in furnishing rate related information and financial reports;
Research and respond to queries regarding items in question;
Assist in producing year-end Committee schedules and other schedules required;
Summarize and maintain Client Fee Arrangements on the Firm’s intranet site;
Review billing guidelines and engagement letters and notify appropriate departments and attorneys regarding client arrangements;
Set up special rates, cost exceptions, task codes, billing instructions, update client groupings and narrative necessary in the accounting system;
Work overtime as required, in particular at month end and year end; and
Handle additional tasks and projects as assigned.
A Bachelor’s degree in Business with an emphasis in Accounting or Finance (preferred);
At least 3 years of analytical experience (preferred);
Experience with 3e Accounting software or similar programs (preferred);
Experience working in a Law Firm (preferred);
Knowledge of general Accounting principles;
Advanced-level proficiency in Microsoft Excel; and
Effective verbal and written communication skills.