What are the responsibilities and job description for the Lead Revenue Specialist position at Buchanan Legal Professional Services?
A prestigious international law firm is seeking a Lead Revenue Specialist to join its Finance Operations team in Chicago, managing all aspects of financial inventory for a portfolio of partners, including WIP, billing, and collections. This role is highly collaborative and requires strong problem-solving, relationship-building, and communication skills.
Responsibilities:
- Collaborating with partners to ensure efficient management of WIP, billing, and collections
- Responding swiftly to inquiries with solution-focused responses
- Gaining expert command of assigned partner portfolios to minimize partner involvement
- Prioritizing and scheduling work independently to meet client and partner expectations
- Executing client invoices accurately and on time, ensuring compliance with all client or third-party requirements
- Working directly with clients to obtain quick and complete payment of invoices
- Resolving invoicing and collection disputes promptly
- Keeping current documentation of statuses, action plans, and processes
- Monitoring and analyzing inventory balances proactively to take appropriate action
- Using data insights to identify opportunities for improved cycle effectiveness
- Building strong relationships with partners, clients, and colleagues
- Mastering existing systems and assisting with new departmental tools and software testing
- Training new team members
- Completing special projects and additional tasks as assigned
Qualifications:
- Bachelor’s degree preferred; equivalent education and/or experience may be considered
- Professional services revenue management experience required
- Legal billing experience required
- At least three years of relevant professional experience preferred
- Strong proficiency in Microsoft Office, especially Excel (lookups, SUMIF, pivot tables, etc.)
- Ability to quickly learn and adapt to new software applications
- Technologically savvy
