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Rates and Timekeeper Analyst

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Freshfields Bruckhaus Deringer

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • London
  • Quick Apply

AI generated summary

  • You need strong communication skills, teamwork experience, attention to detail, time management, proficiency in 3E or similar financial systems, and a background in legal or professional services.
  • You will manage rates implementation, maintain fee data quality, ensure compliance with financial agreements, support pricing initiatives, and facilitate system solutions for efficient operations.

Requirements

  • Ability to communicate clearly at all levels and develop and maintain relationships with key stakeholders in relation to the role
  • Experience of working within a team environment
  • Strong eye for detail and the ability to manage time effectively whilst working efficiently under time constraints.
  • Systems experience of 3E or other financial systems and excel.
  • Previous experience in a corporate environment such as legal, professional services or financial services.

Responsibilities

  • Key responsibilities
  • Working within the Rates and Timekeeper team on rates implementation and organizational system and rates changes
  • Ensuring the quality of all fee deal and fee earner data in relevant systems is kept to a high standard, promoting good hygiene and suggesting efficiency gains where possible.
  • Review of the financial data contained in the new matter notifications to ensure compliance with client engagement letters, fee agreements and outside counsel guidelines to ensure adherence to the agreement and the smooth running of the matter throughout its lifetime.
  • Working to support the broader Commercial Pricing Team to accurately capture panel information and provide proposed systems solutions to complex rates matters.
  • Offer guidance to stakeholders on adherence to pricing protocols and find systems solutions to help achieve the firms commercial goals.
  • Working within the Rates and Timekeeper team on rates implementation and organizational system and rates changes
  • Management of people data within finance system, ensuring internal structure is aligned with experience levels for all fee earners.
  • Maintenance and housekeeping of key system information, allowing for the smooth operation of business processes in relation to fee earners, matters and the invoicing of our clients.
  • When required, utilising the firms financial database for ad-hoc reporting, to the firms Commercial Pricing Team, Global Pricing Director and other key stakeholders.
  • Ensuring familiarisation and understanding of the finance system in depth to carry out Rate and Timekeeping duties efficiently, investigate any system errors and make or recommend amendments

FAQs

What is the primary role of a Rates and Timekeeper Analyst?

The primary role of a Rates and Timekeeper Analyst is to maintain and implement client rate agreements, ensure adherence to the firm’s pricing protocols, manage people data within the finance system, and advise on data accuracy improvements.

Where is the Rates and Timekeeper Analyst position located?

The position is located in London.

What qualifications are required for this role?

Required qualifications include the ability to communicate clearly at all levels, experience working within a team environment, and a strong eye for detail while managing time effectively.

What desirable skills or experience should a candidate have?

Desirable skills include experience with 3E or other financial systems and Excel, as well as previous experience in a corporate environment such as legal, professional services, or financial services.

What key responsibilities does a Rates and Timekeeper Analyst have?

Key responsibilities include working on rates implementation, ensuring data quality, reviewing financial data for compliance, supporting the Commercial Pricing Team, offering guidance on pricing protocols, and managing people data within the finance system.

What is the firm’s stance on diversity and inclusion?

The firm is committed to promoting equality and diversity, valuing differences, and recognizing that employees from various backgrounds make important contributions to the business.

Is prior experience in a similar role necessary for this position?

While prior experience in a similar role is not mandatory, previous experience in a corporate environment such as legal, professional services, or financial services is desirable.

Does the firm offer any training for new employees?

Yes, the firm provides training to ensure that new employees become familiar with the finance system and other relevant processes to perform their duties effectively.

What type of work environment can a new employee expect?

New employees can expect a supportive and collaborative work environment focused on teamwork and professional development, along with opportunities to work on challenging and engaging tasks.

How does the firm view teamwork and collaboration?

The firm emphasizes that teamwork is crucial, and they believe they deliver best when working collaboratively across different teams and regions to achieve their goals.

Freshfields Bruckhaus Deringer

Law
Industry
5001-10,000
Employees
1743
Founded Year

Mission & Purpose

Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading national firms. Our commitment and business know-how mean our clients rely on us when it matters most. Freshfields Bruckhaus Deringer has offices in Austria, Bahrain, Belgium, China, England, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Singapore, Spain, the United Arab Emirates, the United States of America and Vietnam.