London or Wroclaw Office - Working Capital Assistant London, England
Job description
About L.E.K. Consulting
L.E.K. Consulting is a global strategy consulting firm that addresses the most critical commercial issues for the leaders of some of the world's most successful businesses.
Clients come to us time and again because we are proven to act as an insightful expert and a trusted partner. We are uncompromising in our approach to help clients make better decisions at crucial moments, changing the trajectory of their enterprise, delivering improved business performance, and creating greater shareholder returns.
Our teams combine our core capabilities of research, benchmarking, modelling, data & analytics and strategy development to create game-changing insights and practical solutions that seize competitive advantage and unlock new growth opportunities. We enable clients to make critical decisions with greater certainty and empower them to master their moments of truth.
With more than 2,000 professionals located across five continents, L.E.K. specialises in Strategy and Mergers & Acquisitions (M&A) support with clients across the full range of corporates and private equity. We are expert in a wide range of industries, including Life Sciences and healthcare, retail and consumer, financial services, industrials, energy and transportation.
Our global growth ambitions are huge. Be part of this growth.
https://www.lek.com/
Why join L.E.K.’s Finance Function?
L.E.K Global Finance Function continues to evolve as an organization and is, at present, undergoing a transformation. Driving towards more efficient enterprise support and process standardization, the firm is creating a finance and accounting shared services model while continuing to emphasis and support the commercial aspects of the business.
What we are looking for:
We are now seeking an experienced Working Capital Assistant to support our UK Working Capital Team Leader based in London. The successful candidate will be highly motivated to play an active part in the global team who are making this happen and will be comfortable communicating with colleagues across all levels of the function.
The role will support the timely and efficient processing and monitoring of the London office’s Work in Progress and accounts receivable to ensure on-time billing and collection and that working capital days are maintained at acceptable levels. The role will report to the UK Working Capital Team leader Duncan Cameron.
Responsibilities:
- Maintain checklist of required client and billing information for each project to ensure invoicing can occur as soon as Partners have approved each invoice.
- Setup new client and maintain existing client records in SAP with up to date billing related information to ensure a streamlined process.
- Support the Working Capital Team Leader to maintain the up to date status of each outstanding debtor including the a view on it’s committed or expected collection, proactively escalating collections known to not be paid on time.
- Monitor Work in Progress in accordance with billing schedules.
- Create draft bills in line with letter of engagement for approval and finalisation in SAP.
- Regular reporting to project teams and clients on direct expenses incurred, as well as follow up with project teams on receipt of all expense claims and invoices.
- Monitor accounts receivable in line with invoice payment terms.
- Establishment of relationships with relevant client teams to enable efficient follow up and collection of accounts receivable.
- Regular reporting to project teams on status of Work in Progress and accounts receivable.
- Deputise for the Working Capital Team Leader as required.
- Support for European Working Capital Team colleagues as required.
Specific skills:
- Experience of having worked in a revenue control, billing or working capital team in an international professional services firm or similar environment subject to a short project WIP and debtor cycle.
- Advanced skills in Excel and PowerPoint and experience in utilising reporting software (e.g. Oracle PBC).
- Prior experience with an ERP system (SAP preferred).
- Confident working with and building relationships with L.E.K. project teams at all levels and with client contacts.
- A fast-paced learner who can hit the ground running.
- Proven ability to work in a fast-paced environment while maintaining composure and clarity of purpose.
- A track record of working under pressure to meet tight deadlines.
- Interest in continuous improvement and personal development including communication, presentation and systems implementation techniques.
- Fluent in English (other European languages and advantage).
- Interest in pursuing an accounting qualification. The role provides potential to support AAT/CIMA/ACCA qualifications dependent on experience and performance in role.
Fixed Term Contract.
Don’t meet every single requirement here?
Don’t worry!!! If you are excited about this role but your experience doesn’t align perfectly with every requirement in the job description, we encourage you to either reach out to our recruiters or apply anyway. There could be an even better role for you once you talk to us!
Diversity and inclusion at L.E.K.
Here at L.E.K., we appreciate the value of a diverse and inclusive workforce and are committed to a culture that is inclusive and accepting of all people. Above all, we are committed to ensuring that all employees are treated with respect and dignity. L.E.K. Consulting is an Equal Opportunity Employer.
We have several affinity groups to support and enrich our employees and in addition, our Diversity and Inclusion committee celebrate events throughout the year with a focus on awareness and education.
For further information on the L.E.K. career journey:
https://www.lek.com/join-lek/the-lek-career
