Working Capital Controller

1 month ago

Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time
About the Role

We are seeking a highly skilled and experienced Working Capital Controller to join our team at Allen & Overy. As a key member of our Finance team, you will play a critical role in managing the financial elements of matter lifecycle, including billing, collections, profitability analysis, and other related reporting and activities.

Key Responsibilities
  • Prepare monthly billing and collection forecasts and manage end-to-end working capital cycle for Partners and/or practice groups, inclusive of reviewing WIP, bill preparation, bill processing, and collection.
  • Monitor aging balances and support bad debt provision estimation.
  • Manage end-to-end matter and client financial lifecycle, suggesting improvements to enhance the quality of service and seek efficiencies.
  • Contribute to the annual audit process by providing samples and information in relation to WIP and debtor balances and anything related that is necessary for local fiscal year-end processes.
  • Manage rates within 3E and work with partners to ensure matters are set up correctly and client finance-related requirements are fully understood by reviewing client contracts.
  • Involve in the Matter Inception workflow process, overall ownership of completion to ensure rate agreements are reviewed in a timely manner and offering assistance throughout the client rate negotiations.
  • Oversee the E-Billing process, coordinate invoice submissions with e-billing team, ensuring all issues are being followed up and resolved promptly.
  • Manage the process of client on-boarding, liaise with A&O on-boarding team, and provide all required documentation and fee earners' details and their respective rates.
  • Manage Daily Paid Receipts from bank checking, posting payments to reporting.
  • Vendor setup; where the working capital controller would assist in on-boarding A&O as new clients' vendor in order to properly process payments of A&O invoices, by providing documentation like bank reference letter, copies of business registration, supplier form, etc. as required by the client.
  • Actively monitor client money; where the working capital controller would constantly review clients' money with the matter Partner, and provide updates on the balances, seek instructions from the matter Partner on applying clients' money towards our bills and/or returning any excess amount to the client when necessary.
  • Advise on billing and collection technical tax-related matters – often cross-border – seek assistance or advice from others.
  • Provide detailed financial information in support of bills, e.g., hourly schedules, disbursements, and narrative breakdowns. Prepare clients' detailed billing schedules as requested.
  • Provide training to Legal PA's for bill and time narrative completion in 3E and support them going forward.
  • Liaise with Working Capital Controllers across the network on cross-unit matters and billings.
Client, Commercial, and Relationships
  • Use and promote the Pricing and Profitability Models, provide appropriate support and assistance to partners and working capital manager (WCM) on pricing of matters and reporting on matter profitability.
  • Understand local and global client rate agreements, support the WCM in other offices on global/regional client rate negotiations.
  • Regular meetings with partners to review the working capital on their current matters.
  • Comprehensive follow-up of action items, such as time transfer, time write-off, disbursements, queries, etc.
  • Deal with enquiries from clients, partners, and fee earners relating to financial aspects of client matters.
  • Develop and maintain relationships with finance contacts at key clients to ensure prompt and efficient processing of A&O's bills and collection of cash.
  • Develop close relationships with BD teams across the network and provide financial support.
Competencies for Success
  • Three to five years or more experience in a credit control management role in a leading company, preferably professional services type environment or B2B in a complex billing environment.
  • Ability to influence Partners and stakeholders for effective and efficient decision making, esp. prompting actions from parties, both internally and externally, in driving positive impact and progress at all stages of the matter and contract to cash cycle.
  • Excellent communicator; able to explain complex issues to both financial and non-financial stakeholders.
  • Result-driven; having a proactive, goal-oriented approach to decision making.
  • Outstanding interpersonal skills and inquisitive.
Qualifications and Work Experience
  • Bachelor's degree in a relevant discipline.
  • Strong technical skills including work knowledge in Excel and Word.
  • Experience with Elite 3E is a distinct advantage but not essential.
  • Excellent written, oral, and presentation skills in English, Cantonese, and Mandarin.

  • Working Capital Controller

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    About the RoleWe are seeking a highly skilled Working Capital Controller to join our team at Allen & Overy. As a key member of our finance team, you will play a critical role in managing the financial elements of matter lifecycle, including billing, collections, and profitability analysis.Key ResponsibilitiesProvide support to Partners, stakeholders, and the...

  • Capital Learning Consultant

    6 days ago

    Hong Kong, Central and Western District, Hong Kong SAR China Capital Group Full time

    About Capital GroupCapital Group is a leading global investment manager with over $2.5 trillion in assets under management. We provide investment management services to individual investors, financial intermediaries, and institutions worldwide.Role SummaryThe successful candidate will be responsible for delivering, shaping, and enhancing EACG Asia's client...

  • Capital Learning Consultant

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Capital Group Full time

    About Capital GroupCapital Group is a leading global investment manager with over $2.5 trillion in assets under management. We provide investment management services to individual investors, financial intermediaries, and institutions worldwide.Role SummaryThe successful candidate will be responsible for developing and delivering client education capabilities...

  • Capital Learning Consultant

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China Capital Group Full time

    About Capital Group:Capital Group is a leading global investment manager with over $2.5 trillion in assets under management. We provide investment management services to individual investors, financial intermediaries, and institutions worldwide. Our commitment to delivering superior, consistent results for long-term investors drives our investment...

  • Capital Learning Consultant

    1 month ago

    Hong Kong, Central and Western District, Hong Kong SAR China Capital Group Full time

    About Capital Group:Capital Group is a leading global investment management company with over $2.5 trillion in assets under management. We provide investment management services to individual investors, financial intermediaries, and institutions worldwide.Our Business:We are a private firm with a singular focus on investment management. Our headquarters is...

  • Senior Capital Risk Manager

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    Senior Capital Risk ManagerHSBC is seeking a high-calibre professional to join our Global Risk team as a Senior Capital Risk Manager. This role will support the implementation and stewardship of Regulatory Reporting Risk (RRR) for Capital and Liquidity Risk.Key ResponsibilitiesDevelop and execute a comprehensive operating model for stewardship of RRR for...

  • Senior Capital Risk Manager

    1 month ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    About HSBCHSBC is a leading global banking and financial services organization with a presence in over 80 countries. Our mission is to provide a wide range of financial services to individuals, businesses, and institutions, while maintaining a strong commitment to risk management and regulatory compliance.Job SummaryWe are seeking a highly skilled and...

  • Capital Risk Manager

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    Capital Risk ManagerHSBC is seeking a highly skilled Capital Risk Manager to join our team. As a key member of our Global Risk function, you will be responsible for implementing and embedding our Global Stress Testing Framework (STF) and Second Line of Defence (2LoD) Stress Testing Review and Challenge Target Operating Model (2LoD ST R&C TOM) across...

  • Capital Risk Manager

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

    Capital Risk ManagerHSBC is seeking a highly skilled Capital Risk Manager to join our team. As a key member of our Global Risk function, you will be responsible for implementing and embedding our Global Stress Testing Framework (STF) and Second Line of Defence (2LoD) Stress Testing Review and Challenge Target Operating Model (2LoD ST R&C TOM) across...

  • Capital Markets Advisor

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Citi Full time

    Job SummaryThe Salesperson is an intermediate-level position responsible for assisting clients in raising funds in the capital markets, as well as providing strategic advisory services for mergers, acquisitions, and other financial transactions. The role involves formulating investment strategies, raising capital, and acting as an intermediary in trading for...

  • Capital Markets Lawyer

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Unlock Your Potential as a Capital Markets LawyerJoin Allen & Overy's global platform for self-directed consultant lawyers who want to access the best work, clients, resources, and bespoke support. As a consultant lawyer, you'll have the opportunity to work on high-profile capital markets transactions, including debt and equity offerings, and develop your...

  • Financial Controller

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Job Title: Working Capital ControllerWe are seeking a highly skilled Working Capital Controller to join our team at Allen & Overy. As a key member of our finance team, you will be responsible for managing the financial elements of matter lifecycle, including billing, collections, profitability analysis, and other related reporting and activities.Key...

  • Capital Markets Operations Trainee

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China Crédit Agricole CIB Full time

    Job DescriptionThis Trainee role provides an opportunity to gain operations experience in the Capital Markets Department, which is responsible for all operational support functions (Middle and Back Office) supporting market activities.You will develop various skills, including knowledge of financial products and the financial market environment.This opening...

  • Financial Controller

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China GTEcom BV Full time

    Financial Reporting: You will oversee the accuracy and timeliness of our financial reports, ensuring compliance with accounting standards and legal requirements. Budgeting and Forecasting: You will develop and manage the annual budgeting process, preparing financial forecasts and monitoring performance against budgets. Cost Control: You will analyze costs...

  • Capital Markets Lawyer

    2 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Unlock Your Potential as a Capital Markets LawyerJoin Allen & Overy's global platform for self-directed consultant lawyers who want to access the best work, clients, resources, and bespoke support. As a consultant, you'll have the opportunity to work on high-profile capital markets transactions, including debt and equity offerings, and develop your expertise...

  • Capital Markets Lawyer

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Unlock Your Potential as a Capital Markets LawyerAt Allen & Overy, we're seeking a highly skilled Capital Markets Lawyer to join our team as a consultant. As a consultant, you'll have the opportunity to work on a wide range of capital markets transactions, including debt and equity offerings, liability management exercises, and more.Key...

  • Actuarial Assistant Manager, Economic Capital Expert

    4 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Prudential plc Full time

    {"Job Title": "Actuarial Assistant Manager, Economic Capital Expert", "Job Summary": "We are seeking an experienced Actuarial Assistant Manager, Economic Capital Expert to join our team at Prudential plc. As a key member of our Economic Capital Reporting team, you will be responsible for producing and communicating high-quality actuarial valuation results,...

  • Financial Operations Controller

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Company OverviewAllen & Overy is a premier global law firm, operating in 48 offices across 29 countries. Our expertise in English law, US law, and the legal frameworks of dynamic markets allows us to deliver unparalleled insights and seamless service to our clients. We engage in significant transactions and disputes that can influence the future landscape of...

  • Financial Operations Controller

    1 week ago

    Hong Kong, Central and Western District, Hong Kong SAR China Allen & Overy Full time

    Company OverviewAllen & Overy is a premier global law firm with a presence in numerous countries, recognized for its expertise in English law, US law, and the legal frameworks of rapidly evolving markets. Our commitment to delivering exceptional service is reflected in our work on significant transactions and disputes that influence the future...

  • Capital Markets Operations Trainee

    3 weeks ago

    Hong Kong, Central and Western District, Hong Kong SAR China Crédit Agricole CIB Full time

    Job SummaryThis Trainee role offers a unique opportunity to gain hands-on experience in the Capital Markets Department, responsible for operational support functions. You will develop skills in financial products and market environment.Key ResponsibilitiesSupport the day-to-day operations of the capital market Middle/Back Office activities with focus on...