Senior Analyst: Client Rates Management

Mayer Brown•Chicago, IL

1d•Hybrid

About The Position

Mayer Brown is an international law firm that represents major corporations, funds, and financial institutions. The firm is known for its strategic partnerships, deep commercial instincts, and commitment to excellence. They foster a collegial and collaborative environment where motivated individuals can grow and thrive. This role is within the Revenue Cycle Operations department in the Chicago office. The Senior Analyst: Client Rates Management will provide support and counsel to lawyers and Firm personnel on pricing and financial aspects of client engagements.

Requirements

Bachelor’s degree in Accounting, Finance or Business, required.
Minimum of three years of related experience, required.
Advanced knowledge of MS-Office applications including Word, PowerPoint, and Excel, required.
Strong written and verbal communication skills, able to communicate effectively and in a professional manner with all levels of the Firm and outside vendors.
Ability to work in a diverse team environment and effectively support the demanding needs of the Firm.
Ability to work under pressure, meet deadlines with shifting priorities.
Must be a self-starter with a high level of initiative.
Strong customer service skills, able to anticipate needs and exercise independent judgment.
Strong attention to detail, organizational skills and the ability to handle multiple projects.
Maintains confidentiality and exercises discretion.
Exercises solid strategic thinking and problem-solving skills.

Nice To Haves

MBA or equivalent qualification, preferred.
Experience working within a partnership essential or law firm, preferred.
Prior experience working with pricing decisions and fee negotiation, preferred.
Prior experience with law firm technology including Aderant, matter planning software and Microsoft SQL, preferred.

Responsibilities

Summarizes the financial impact of existing rate arrangements and develop and recommend revisions as agreements are renewed.
Supports updates and revisions to existing rate arrangements, implement/apply finalized agreements and ensure that rates and other key matter data are properly assigned on an ongoing basis.
Serves as the initial/primary point of contact for assigned clients on rate, pricing and reporting issues and coordinate client facing reporting.
Reviews and summarizes client billing policies to determine the impact to ongoing matter management and the invoicing process.
Coordinates and executes the annual bill rate setting process in the U.S.
Provides functional and administrative support for the Firm's matter management/budgeting tool and coach partners and associates in its use and assist the same in the development of matter budgets.
Working with matter responsible partners, assists in the monitoring of actual performance against budget for in-process matters.
Works directly with Firm Partners to develop rate, fee estimates and pricing options in response to client RFP’s and ad-hoc requests.
Prepares analysis to support proposed fee arrangements, including financial impact and viability of proposed pricing arrangements and facilitate approval of same.
Posts matter financial analysis and provision of associated pricing and business insight to partners, pricing and business development teams.
Assists with the development and maintenance of budgeting templates and other tools for use by partners and client financial management team.
Performs other duties as assigned or required to meet Firm goals and objectives.