Top-Rated Lead Legal Financial Analyst Resume Examples for New Jersey

STAR Method: Situation - I was tasked with presenting the firm's quarterly financial performance to a group of partners who primarily focused on legal work. Task - I needed to convey the key financial metrics and trends in a way that was easily understandable. Action - I simplified the data by using clear visuals and avoiding technical jargon. I focused on highlighting the key performance indicators (KPIs) and explaining their significance in plain language. I also provided a brief overview of the financial concepts involved. Result - The partners were able to grasp the key financial takeaways and actively participate in discussions about the firm's performance.

I regularly read industry publications such as the American Bar Association Journal and Legal Management. I also attend webinars and conferences focused on legal finance and accounting. Furthermore, I actively participate in professional organizations and network with other legal financial professionals.

I have extensive experience in building and maintaining financial models for budgeting, forecasting, and scenario analysis. I am highly proficient in Excel and have also worked with specialized financial planning software such as Hyperion and Anaplan. I utilize techniques such as discounted cash flow analysis, sensitivity analysis, and Monte Carlo simulation to provide robust and insightful financial projections.

STAR Method: Situation - Our firm was experiencing a significant increase in accounts receivable due to delayed payments from clients. Task - I needed to identify the root cause of the issue and develop a plan to mitigate the risk of bad debt. Action - I analyzed the aging of accounts receivable, identified clients with consistently late payments, and worked with the billing department to streamline the invoicing process. I also implemented a credit policy to assess the creditworthiness of new clients. Result - We were able to reduce the average days outstanding for accounts receivable by 15% and significantly decrease the risk of bad debt.

I start by analyzing the firm's cost structure to identify areas where expenses can be reduced without compromising the quality of services. This might involve negotiating better rates with vendors, implementing energy-saving measures, or streamlining administrative processes. I also work with department heads to develop and implement cost-saving initiatives and track their impact.

I have several years of experience working with Elite and Aderant. I have used these systems for time entry, billing, accounts receivable management, and financial reporting. I am proficient in generating reports, troubleshooting issues, and training other users on the software.

I would first carefully consider the partner's perspective and try to understand their reasoning. Then, I would present my analysis and recommendations, backed by data and sound financial principles. I would be respectful and professional throughout the discussion, and I would be willing to compromise if necessary to reach a mutually agreeable solution.