Senior Strategic Financial Arrangements Analyst

Foley & Lardner Llp - Chicago, IL

Full-time - Mid Level

Remote - Chicago, IL

1,001-5,000 employees

Professional, Scientific, and Technical Services

About the position

The Senior Strategic Financial Arrangements Analyst at Foley & Lardner LLP plays a crucial role in the Accounting & Finance department, focusing on identifying and analyzing billing and collection realization opportunities. This position requires collaboration with partners, billing functions, and the pricing team to enhance pricing arrangements and ensure effective matter management practices. The ideal candidate will possess strong communication skills and the ability to manage multiple projects efficiently.

Responsibilities

• Monitor performance of pricing arrangements against established goals and key performance indicators, including utilization, leverage, realization, and profitability.
• Work with partners to improve matter management practices and processes.
• Collaborate with the billing team to build analytics into systems and processes for write-downs and write-offs information.
• Review timecard records to confirm accuracy of agreed rates to billed rates in system(s).
• Review write downs for matter management purposes and fixed fee arrangements tracked in our matter management tool.
• Review write-offs and analyze the reasons for write-offs.
• Perform ad-hoc analysis to meet firm needs.
• Stay informed of current pricing trends within the legal market and apply learned concepts to help improve the firm's pricing capabilities.

Requirements

• Bachelor's degree in Finance, Accounting, or a related field.
• 5+ years of experience in financial analysis or a related role, preferably in a legal or professional services environment.
• Strong analytical skills with the ability to interpret complex data and provide actionable insights.
• Excellent written and oral communication skills to interact effectively with attorneys and firm leadership.
• Proficiency in financial modeling and analysis tools.

Nice-to-haves

• Experience with legal billing systems and processes.
• Familiarity with pricing strategies in the legal market.
• Project management experience.

Benefits

• Work from home option
• Professional development opportunities
• Health insurance
• 401k plan
• Paid holidays