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Working Capital Manager

Job in Birmingham, West Midlands, B1, England, UK
Listing for: Mills & Reeve
Full Time position
Listed on 2026-06-23
Job specializations:
  • Management
    Financial Manager, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 60000 - 80000 GBP Yearly GBP 60000.00 80000.00 YEAR
Job Description & How to Apply Below
Position: Working Capital Manager (0505)

Overview

Join a high-performing finance team in a leading UK law firm, driving strategic improvements in working capital management and supporting the firm's growth ambitions.

Role

The Working Capital Manager will lead the firm's efforts to optimise cash flow, reduce cash lock‑up days, and streamline processes across WIP (Work in Progress) and debt. Reporting to the Financial Controller, this role manages both the billing and credit control teams, ensuring best practice in billing, collections, and credit management. The successful candidate will be a proactive change agent, removing administrative burden from lawyers' desks and enabling fee earners to focus on client delivery.

Responsibilities
  • Lead the optimisation of cash flow and reduction of cash lock‑up days.
  • Streamline processes across WIP and debt.
  • Manage billing and credit control teams, ensuring best practice and talent development.
  • Deliver measurable improvements in cash conversion and process efficiency across the firm's service lines.
  • Strategic leadership and influence across departments.
  • Process improvement and change management.
  • Risk management and compliance.
  • Leadership and training.
Qualifications
  • CICM (Chartered Institute of Credit Management) accreditation or demonstrable experience in WIP management within a law firm or similar professional services environment.
  • Proven track record of delivering process improvements and measurable reductions in cash lock‑up.
  • Experience managing billing and/or credit control teams, with evidence of talent development and succession planning.
Benefits

Competitive salary and a wide range of benefits.

Pre‑employment Screening

Comprehensive pre‑employment screening will be conducted, including a basic DBS check, verification of right to work, a three‑year employment history review, and a self‑declaration covering character and suitability for the role.

Diversity and Inclusion

To find out more about our diversity and inclusion work, visit our website.

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