Legal Finance Operations Consultant
Truist Inc, Charlotte, NC, United States
Legal Operations Business Consultant - Finance
The Legal Operations Business Consultant - Finance is responsible for supporting the financial management and operations within the Legal Department. This role involves analyzing legal spend, budgeting, planning, forecasting, and ensuring compliance with related policies and procedures. The ideal candidate will have strong analytical skills, a deep understanding of financial principles, and the ability to work collaboratively with various stakeholders. The Legal Operations Business Consultant reports to the Legal Operations Manager of Enterprise Functions. The position will work closely with the Head of Legal Operations, Senior Legal Managers and the Chief Legal Officer.
Essential Duties And Responsibilities
Conduct detailed financial analysis of the Legal Department's expenditures, including outside counsel and vendor costs. Identify trends, variances, and opportunities for cost savings.
Assist in the preparation of the overall Legal Departments and respective practice areas' budget and monthly forecasts. Monitor budget performance and analyze variances.
Partner with the Data Analytics Team to track and report on legal spend, providing insights to legal and finance leadership. Utilize dashboards and reports for effective spend management.
Collaborate with the procurement team and other stakeholders to establish budgets and advise on the financial impact of departmental expenses related to technology and legal-related vendors.
Prepare and present financial reports to the legal operations and finance teams. Ensure accurate and timely reporting in line with corporate guidelines.
Identify and implement process improvements in financial operations within the Legal Department. Work on automation and optimization of financial workflows.
Monitor financial activities within the Legal Department to comply with policies and internal controls.
Serve as primary contact with Finance and partner with other cross-functional teams to align on budget goals, spending initiatives, and reporting requirements.
Qualifications
Bachelor's degree in Finance, Accounting, Business Administration, or a related field
5 or more years of experience in financial analysis, budgeting, or a related role, preferably within a legal or corporate environment
Strong analytical skills with the ability to interpret complex data and provide actionable insights
Proficiency in financial software and tools, such as Excel, SAP, or other ERP systems
Excellent communication and presentation skills, with the ability to convey financial information to non-financial stakeholders
Solid organizational skills with attention to detail
Superb verbal and written communication skills
Ability to work within a large organization and collaborate and partner with cross-functional teams
Ability to interact effectively with people at all organizational levels of the firm and build strong relationships with internal stakeholders
Executive presence and ability to act as primary contact on assigned engagements
Ability to work independently, manage multiple tasks, and meet deadlines in a fast-paced environment
Strong attention to detail
Preferred Qualifications
A relevant master's degree or professional certification (e.g., CPA, CFA) is a plus
7 or more years of experience in financial analysis, budgeting, or a related role, preferably within a legal or corporate environment
Experience with legal spend management tools (e.g., eBilling, matter management systems)
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
The Legal Operations Business Consultant - Finance is responsible for supporting the financial management and operations within the Legal Department. This role involves analyzing legal spend, budgeting, planning, forecasting, and ensuring compliance with related policies and procedures. The ideal candidate will have strong analytical skills, a deep understanding of financial principles, and the ability to work collaboratively with various stakeholders. The Legal Operations Business Consultant reports to the Legal Operations Manager of Enterprise Functions. The position will work closely with the Head of Legal Operations, Senior Legal Managers and the Chief Legal Officer.
Essential Duties And Responsibilities
Conduct detailed financial analysis of the Legal Department's expenditures, including outside counsel and vendor costs. Identify trends, variances, and opportunities for cost savings.
Assist in the preparation of the overall Legal Departments and respective practice areas' budget and monthly forecasts. Monitor budget performance and analyze variances.
Partner with the Data Analytics Team to track and report on legal spend, providing insights to legal and finance leadership. Utilize dashboards and reports for effective spend management.
Collaborate with the procurement team and other stakeholders to establish budgets and advise on the financial impact of departmental expenses related to technology and legal-related vendors.
Prepare and present financial reports to the legal operations and finance teams. Ensure accurate and timely reporting in line with corporate guidelines.
Identify and implement process improvements in financial operations within the Legal Department. Work on automation and optimization of financial workflows.
Monitor financial activities within the Legal Department to comply with policies and internal controls.
Serve as primary contact with Finance and partner with other cross-functional teams to align on budget goals, spending initiatives, and reporting requirements.
Qualifications
Bachelor's degree in Finance, Accounting, Business Administration, or a related field
5 or more years of experience in financial analysis, budgeting, or a related role, preferably within a legal or corporate environment
Strong analytical skills with the ability to interpret complex data and provide actionable insights
Proficiency in financial software and tools, such as Excel, SAP, or other ERP systems
Excellent communication and presentation skills, with the ability to convey financial information to non-financial stakeholders
Solid organizational skills with attention to detail
Superb verbal and written communication skills
Ability to work within a large organization and collaborate and partner with cross-functional teams
Ability to interact effectively with people at all organizational levels of the firm and build strong relationships with internal stakeholders
Executive presence and ability to act as primary contact on assigned engagements
Ability to work independently, manage multiple tasks, and meet deadlines in a fast-paced environment
Strong attention to detail
Preferred Qualifications
A relevant master's degree or professional certification (e.g., CPA, CFA) is a plus
7 or more years of experience in financial analysis, budgeting, or a related role, preferably within a legal or corporate environment
Experience with legal spend management tools (e.g., eBilling, matter management systems)
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.