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Legal Billing Management Supervisor - Chiriqui, Panama

About World Business Lenders (WBL)

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding.

WBL is a U.S.-based company with a 100% remote workforce. 

The job requires excellent oral and written command of the English language. Resumes must be submitted in English.

In a fast-paced, high-expectation, results-oriented environment, the Legal Billing Management Team Lead will be responsible for overseeing the control of legal invoices, including tracking, reconciliation, and timely processing of payments to external law firms.

• Lead a team responsible for review and approval of legal billing invoices to ensure compliance with company policies and negotiated fee arrangements.

• Act as the primary point of contact for law firms regarding billing inquiries, discrepancies, and clarifications.

• Request billing projections and forecasts for ongoing cases to facilitate financial planning and budgeting.

• Negotiate discounts, payment terms, and other financial adjustments with law firms and external vendors.

• Prepare detailed reports on legal billing expenditures, trends, and cost-saving opportunities for senior management.

• Ensure the legal billing system is updated and accurate.

• Identify opportunities for process improvements to enhance efficiency in legal billing management.

• Audit legal invoices to ensure alignment with the respective engagement letter and litigation tracking reports.

• Monitor and report financial information received from law firms.

• Perform other projects and duties as assigned.

Requirements

• Previous experience in legal billing is mandatory, preferably in the US.

• Degree in Law, Business Administration, or Finance.

• Excellent organizational, communication (both written and verbal) and computer skills.

• Able to work in a fast-paced, deadline-driven environment and handle multiple projects simultaneously.

• Detail-oriented and resourceful with excellent follow-through skills.

• Proficient in all Microsoft Office, Power BI and Adobe applications.

• Able to establish and maintain effective work relationships both internally and externally.

  • CONTRACT / CONSULTANCY POSITION
  • Compensation: DOE
  • 11 Paid Holiday Days per year
  • 100% Remote Working
  • USD Salary

What You Should Know About Legal Billing Management Supervisor - Chiriqui, Panama, World Business Lenders, LLC

Are you ready to take your legal billing expertise to new heights? At World Business Lenders (WBL), we are on the lookout for a talented Legal Billing Management Supervisor to join our dynamic team! As a 100% remote workforce company, we pride ourselves on creating an engaging work environment from anywhere. This role is critical in managing our legal billing processes, where you'll oversee the control of legal invoices, ensuring timely payments to our external law firms. Your keen eye for detail will serve you well as you lead a team dedicated to reviewing and approving legal invoices, confirming compliance with our company policies while delivering high-quality customer service to our law firm partners. You'll be the go-to person for billing inquiries and discrepancies, and your negotiation skills will shine as you strike favorable terms with vendors. Additionally, your analytical abilities will come into play as you prepare reports on expenditures, identifying cost-saving opportunities that support our financial planning initiatives. If you hold a degree in Law, Business Administration, or Finance and have previous experience in legal billing, we want to hear from you! Join us at WBL to enhance efficiency in legal billing management and drive positive outcomes in a fast-paced, results-oriented environment. This is your chance to make a significant impact from the comfort of your home!

Frequently Asked Questions (FAQs) for Legal Billing Management Supervisor - Chiriqui, Panama Role at World Business Lenders, LLC
What are the responsibilities of a Legal Billing Management Supervisor at World Business Lenders?

The Legal Billing Management Supervisor at World Business Lenders (WBL) oversees all aspects of legal billing processes, including tracking, approving invoices, and ensuring compliance with company policies. You'll act as the point of contact for external law firms, negotiate billing terms, and prepare financial reports that support the organization's budgeting and financial planning. By identifying process improvements, you enhance efficiency while managing multiple projects in a high-performing team.

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What qualifications are needed for the Legal Billing Management Supervisor role at WBL?

Candidates for the Legal Billing Management Supervisor position at World Business Lenders (WBL) must have previous experience in legal billing, ideally in the U.S. A degree in Law, Business Administration, or Finance is required, along with excellent communication skills and proficiency in Microsoft Office, Power BI, and Adobe applications. Attention to detail and the ability to thrive in a fast-paced environment will set you up for success in this role.

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How does the Legal Billing Management Supervisor contribute to financial planning at WBL?

In the role of Legal Billing Management Supervisor at World Business Lenders (WBL), you'll significantly contribute to financial planning by preparing billing projections and forecasts based on ongoing cases. This proactive approach allows the organization to maintain fiscal health and strategize effectively, ensuring that the legal budgets are in line with the overall company finances while you look for cost-saving opportunities.

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What tools and systems will the Legal Billing Management Supervisor use at WBL?

As a Legal Billing Management Supervisor at World Business Lenders (WBL), you'll utilize various tools to streamline the billing process. Proficiency in Microsoft Office, Power BI, and Adobe applications is essential for managing invoices and preparing reports. Additionally, you'll work with specialized legal billing systems to ensure accuracy and efficiency, allowing you to manage multiple projects effectively.

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What type of work environment can a Legal Billing Management Supervisor expect at WBL?

The work environment for a Legal Billing Management Supervisor at World Business Lenders (WBL) is entirely remote, which allows for flexible work-life balance. WBL encourages a results-oriented culture, offering a fast-paced environment where innovation and proactivity are central to success. You'll collaborate with a talented team while also having the autonomy to manage your tasks effectively from home.

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Common Interview Questions for Legal Billing Management Supervisor - Chiriqui, Panama
Can you explain your experience with legal billing processes?

During my time as a legal billing specialist, I managed multiple billing cycles, ensuring timely and accurate invoice submission. I have experience reviewing invoices for compliance with engagement letters and company policies, as well as resolving discrepancies directly with law firms. To answer effectively, provide specific examples of your past roles and how you improved efficiencies or ensured accuracy.

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How would you handle a dispute with a law firm regarding an invoice?

In my previous role, I handled disputes by first gathering all relevant documentation, including the original invoice and clarified agreements with the firm. I would contact the relevant parties to discuss the issue calmly and seek to understand their perspective. When answering this question, demonstrate your negotiation skills and ability to maintain a professional relationship.

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What measures do you take to ensure compliance with billing policies?

To ensure compliance, I conduct regular audits of billing processes, comparing invoices against engagement letters and legal tracking reports. I also stay updated on any changes to company policies and provide training to my team as necessary. When preparing your answer, highlight any specific examples where your oversight led to significant compliance improvements or cost savings.

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How do you prioritize tasks in a fast-paced environment?

I prioritize tasks by assessing deadlines and the impact of each item on the overall billing cycle. I often use project management tools to keep track of my workload and address high-priority items first. Share specific strategies you've implemented or tools you've used to efficiently manage your responsibilities during the interview.

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Can you describe a successful negotiation you led with a law firm regarding billing terms?

In my former role, I successfully negotiated a 15% discount on ongoing cases based on our long-term partnership. I approached the discussion with data on past performance and future projections to support my request. When preparing your answer, focus on your approach to negotiation and the win-win outcomes you achieved.

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What is your experience with financial reporting and analysis?

I have extensive experience preparing financial reports that track legal expenditures and identify trends. I utilize tools like Power BI to analyze data and present it to senior management. When responding, discuss specific reporting tasks you've completed and any improvements you've made based on the analyses.

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How do you stay updated on changes in legal billing regulations?

I stay updated by subscribing to industry newsletters, attending relevant webinars, and networking with other legal billing professionals. I also participate in professional organizations that focus on legal finances. When answering, mention specific resources or events you’ve found beneficial for keeping your knowledge current.

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What role do you think technology plays in legal billing management?

Technology is crucial in legal billing management as it enhances efficiency, accuracy, and reporting capabilities. Tools like billing software and analytical platforms can streamline processes and improve compliance. Discuss specific technologies you have used and any recommendations you have for improved billing.

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How would you contribute to the team culture in a remote environment?

I would actively engage in virtual team meetings and foster open communication through collaborative platforms. Building relationships is crucial in a remote setup, and I would initiate check-ins with team members to offer support and maintain a positive atmosphere. Share your own approaches to relationship-building in a remote context.

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What interests you the most about working at World Business Lenders?

I'm impressed by the commitment of World Business Lenders to support small and medium-sized businesses with innovative financial solutions. The opportunity to work in a fully remote environment with a focus on results aligns perfectly with my professional aspirations. When addressing this question, connect your personal and professional values with the company's mission.

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DATE POSTED
December 8, 2024

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