Practice Manager

IPS Finance; Leeds; On-site; GBP 45,000 - 65,000; Full time

Job summary

IPS Finance is seeking an experienced Practice Manager to lead the firm's finance function, drive operational performance and ensure regulatory compliance. You will partner with the Partners to shape strategic decision-making and improve financial controls.

Responsibilities include monthly management accounts, budgeting, cash flow, profitability analysis and overseeing billing, payroll, and admin operations.

Qualifications

• Experience within a legal or professional services environment.
• Strong management accounting, budgeting and cash flow experience.
• Excellent commercial acumen with the ability to interpret financial information and influence business decisions.
• Knowledge of SRA Accounts Rules or experience working within a regulated environment.
• Strong leadership and people management skills.
• A proactive approach to improving systems, processes and financial controls.
• Excellent communication skills with the confidence to work alongside Partners and senior stakeholders.

Responsibilities

• Producing monthly management accounts, financial reports and KPI dashboards.
• Managing budgeting, forecasting, cash flow and working capital.
• Monitoring profitability by department, fee earner and matter, providing commercial insight to support business decisions.
• Overseeing the firm's finance function, including billing, credit control, purchase ledger and payroll.
• Managing the firm's annual budgeting process and liaising with external accountants and auditors.
• Ensuring compliance with SRA Accounts Rules, VAT and other regulatory requirements.
• Developing and improving financial controls, reporting processes and practice management systems.
• Supporting the Partners with strategic planning, business growth initiatives and financial analysis.
• Managing supplier relationships, facilities and the day-to-day operations of the practice.
• Leading and developing the finance and administration teams.

Skills

Management accounting

Budgeting

Cash flow

SRA Accounts Rules

Leadership

Communication

Regulatory knowledge

Tools

Practice management systems

Payroll software

Job description

An established and successful law firm is seeking an experienced Practice Manager to work closely with the Partners, taking responsibility for the firm's finance function, operational performance and regulatory compliance.

This is an excellent opportunity for a commercially minded finance professional who enjoys working beyond the numbers. You'll play a key role in managing the financial performance of the firm while driving operational improvements and supporting the Partners with strategic decision-making.

Reporting directly to the Partners, your responsibilities will include:

• Producing monthly management accounts, financial reports and KPI dashboards.
• Managing budgeting, forecasting, cash flow and working capital.
• Monitoring profitability by department, fee earner and matter, providing commercial insight to support business decisions.
• Overseeing the firm's finance function, including billing, credit control, purchase ledger and payroll.
• Managing the firm's annual budgeting process and liaising with external accountants and auditors.
• Ensuring compliance with SRA Accounts Rules, VAT and other regulatory requirements.
• Developing and improving financial controls, reporting processes and practice management systems.
• Supporting the Partners with strategic planning, business growth initiatives and financial analysis.
• Managing supplier relationships, facilities and the day-to-day operations of the practice.
• Leading and developing the finance and administration teams.

You'll ideally be an experienced Practice Manager, Finance Manager or Financial Controller with:

• Experience within a legal or professional services environment.
• Strong management accounting, budgeting and cash flow experience.
• Excellent commercial acumen with the ability to interpret financial information and influence business decisions.
• Knowledge of SRA Accounts Rules or experience working within a regulated environment.
• Strong leadership and people management skills.
• A proactive approach to improving systems, processes and financial controls.
• Excellent communication skills with the confidence to work alongside Partners and senior stakeholders.

If you're looking for a role where you can combine strong financial management with operational leadership and become a trusted adviser to the Partners, we'd love to hear from you.