https://stackoverflow.com/questions/257717/position-of-the-sun-given-time-of-day-and-lat-long has a good set of descriptions of how to do approximately what you want. In short, you either want to use a code or look up the sun's ephemeris.
Using pyephem, for example:
import ephem
o = ephem.Observer()
# lon/lat for LA
o.lon = "118:15:00"
o.lat = "34:03"
sun = ephem.Sun(o)
sun.alt
sun.az
But since you want the inverse, you can get the alt/az as a function of time:
import datetime
dt5 = datetime.timedelta(minutes=5)
time = datetime.datetime.now()
alt,az,times = [],[],[]
for ii in xrange(100): # do 100 steps of 5 minutes
time = time+dt5
o.date = time.strftime("%Y/%m/%d %H:%M:%S")
sun.compute(o)
alt.append(sun.alt)
az.append(sun.az)
times.append(o.date)
You can then invert this data to find time as a function of alt/az. That doesn't quite answer your question, though - I'll keep an eye out for a direct answer.
Edit: A direct answer.
The Hour Angle HA
is the current time referenced to Solar noon. It can be computed by:
$$\cos(HA) = \frac{\sin(alt_\odot) - \sin(\delta_\odot) \sin(Latitude)}{cos(\delta_\odot)} $$
Where $alt_\odot$ is the altitude or elevation angle of the sun and $\delta_\odot$ is the declination of the sun and can be approximated by:
$$\delta_\odot = -23.44^o \cos\left(\frac{360^o}{365} (N+10)\right)$$
where $N$ is the ordinal date and is 1 at January 1st