Partnership Accountant

Baringa Partners LLP; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking an experienced Partnership Accountant to join their Finance team. This pivotal role involves managing partner compensation for a global network of partners, including the calculation of remuneration and capital distributions. As the firm evolves its Partner Finance model, you will play a key role in implementing innovative processes that enhance service delivery while maintaining a personal touch. Join a dynamic team that values collaboration and is committed to making a lasting impact in the consulting sector.

Qualifications

• Experience in partner compensation and financial modeling.
• Strong understanding of partnership structures and profit sharing.

Responsibilities

• Calculate partner remuneration, projections, and distributions.
• Support the replatforming of the partner finance model.

Skills

Partner compensation analysis

Financial modeling

Profit sharing calculation

Equity allocation

Education

Bachelor's degree in Finance or Accounting

Professional accounting qualification (e.g., ACA, ACCA)

Job description

About Baringa:
We set out to build the world’s most trusted consulting firm – creating lasting impact for clients and pioneering a positive, people-first way of working. We work with everyone from FTSE 100 names to bright new start-ups, in every sector.

You’ll find us collaborating shoulder-to-shoulder with our clients, from the big picture right down to the detail: helping them define their strategy, deliver complex change, spot the right commercial opportunities, manage risk, or bring their purpose and sustainability goals to life. Our clients love how we get to know what makes their organisations tick – slotting seamlessly into their teams and being proudly geeky about solving their challenges.

We have hubs in Europe, the US, Asia and Australia, and we work all around the world - from a wind farm in Wyoming to a boardroom in Berlin. Find us wherever there's a challenge to be tackled and an impact to be made.

Our Finance team are looking for an experienced Partnership Accountant to join the team.

As part of Baringa’s finance team, the Partner Finance team prides itself on providing an exemplary service to partners as shareholders of the business – from onboarding, their time as active partners and also as they exit the partnership. We are embarking on an exciting journey of building our shareholder finance provision into one that still feels personal but is process-driven, fully tech-enabled and scalable.

What you will be doing

With the support of the Director of Partner Finance, a key focus will be partner compensation for our 200 global partners including the calculation of partner remuneration, projections, and distributions. We are at an exciting phase in the evolution of Partner Finance, embarking on a replatforming of our complex model and revamp of our partner collateral, and your role will be pivotal in the support and implementation of this.

The key responsibilities include:

• Partner compensation:
  Deep understanding of Baringa’s partnership model, and calculation of annual profit sharing, equity points issue and allocation of valuation across all partners.
  Calculation of quarterly partner capital distributions.
  Delivery of the bi-annual individual partners’ financial detail (aka “financial strips