Rates Analyst

Profile

Rates Analyst
The candidate will be responsible for: Responsible for the input and maintenance of timekeeper and client pricing in the Firm’s financial system, including timekeeper, client, and matter level rates as well as AFAs; includes verifying pricing requests and required approvals as well as communicating changes to billing coordinators and others. Collaborate with pricing personnel to provide consultation to billing coordinators and partners regarding rates and AFAs to determine best practices to achieve desired pricing results and consistency with firm philosophy and policies. Monitors timekeepers based on changes in practice group, office or rank and verifies and implements related rate changes. Assists Billing and Collections Manager and firm’s Billing Rate Committee with the annual timekeeper rate review process, including database maintenance, survey review and analysis, and preparation of reports as needed. Participate in the annual client rate review process, including communicating with billing attorneys to identify clients and matters that require advance notice for annual rate increases and/or e-billing requirements for rate approvals or other special requirements, and working closely with the Billing Manager and Billing Supervisor to ensure all are updated without delays in billing. Maintains foreign currency setup for timekeeper and client pricing. Assists in the development and document processes relating to pricing and rates. Assists with the implementation of queries, tables, databases and new forms for rate and other billing-related processes, coordinating with IT for set-up and support; assists in the design of queries and reports for ad-hoc requests not contained in pre-fabricated queries, including reporting from rates database and Web Intelligence tool. Prepares information for surveys such as the annual PricewaterhouseCoopers’ billing rate survey and Peer Monitor, and provides analysis of information as requested. Performs other duties as assigned. Must have Bachelor’s degree preferably in finance, accounting or a related field. Should have 5+ years’ experience in professional firm billing, pricing and analysis or related functions. Must have experience with Aderant or similar billing system; familiarity with law firm billing processes and pricing structure; knowledge of financial modeling and project coordination preferred. Must be proficient use of PC and knowledge of MS Office, including expert knowledge of Excel. Ability to learn new software and database applications quickly. SQL experience preferred.

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