Revenue Analyst
Revenue Analyst
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$ 77000 - 88000
1 Vacancy
Job Description
Summary
The Revenue Analyst will support the Revenue Manager through monitoring management and reporting of items that impact the Firms revenue cycle. This includes the following: Accounts Receivable and Unbilled Time backlog Missing Time Unassigned Time and Unapplied funds. The Revenue Analyst will interface with firm management support staff and timekeepers to gather information regarding items that impact the revenue cycle in order to identify those items that are at risk for financial loss. The Revenue Analyst will be expected to recognize when at risk warning signs exist and to escalate timely so that appropriate action is taken to mitigate the risk. The Revenue Analyst will also work closely with the Revenue Manager in assessing current processes and systems for managing and reporting on the revenue cycle and develop solutions and improvements as necessary.
Duties and Responsibilities
- Monitor analyze and report on backlog and key revenue metrics for assigned Global Practice Group/s. Apply professional skepticism and sound judgment throughout this process in order to identify potential risks and recommend action items.
- Develop and maintain reports that provide timely and effective information regarding the status and details of the Firms backlog. Update as necessary to allow management to make business decisions.
- Provide actionable insights to firm management partners and other revenue departments to optimize revenue and reduce financial leakage.
- Conduct root cause analyses of adjustments to time accrued on matters and identify opportunities for process improvements that could prevent similar issues in the future.
- Leverage credit risk scoring tools historical realization performances fee structures billing frequency requirements and other criteria to help in assessing the collectability of the backlog.
- Review report on and follow-up on Unassigned Time and Missing Time balances to ensure the time is recoverable.
- Analyze Unapplied balances to determine the appropriate treatment of such balances; work with the Partners Billing Accounts Receivable or other revenue functions to ensure the balance is addressed timely and accurately.
- Provide excellent customer service to our attorneys clients and other Firm personnel.
- Performs other duties as assigned or as judgment or necessity dictates.
Salaries vary by location and are based on numerous factors including but not limited to the relevant market skills experience and education of the selected candidate. If an estimated salary range for this role is available it will be provided in our Target Salary Range section. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Salary Range To perform this job successfully an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge skill and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation please email (current employees should contact Human Resources). Education and/or Experience: Required: Preferred: Other Skills and Abilities: The following will also be required of the successful candidate: Sidley Austin LLP is an Equal Opportunity Employer #LI-Hybrid #LI-JW1Qualifications
Required Experience:
IC
Employment Type
Unclear
Department / Functional Area
Key Skills
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