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Senior Management Accountant

Career Legal

City Of London

On-site

GBP 50,000 - 70,000

Full time

Today

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Job summary

A leading law firm in London is seeking a Senior Management Accountant to join their finance team. The role involves overseeing cash flow reporting, managing month-end deadlines, and ensuring compliance with financial regulations. Ideal candidates will be qualified accountants with prior experience in a law firm and strong financial management skills.

Qualifications

Minimum 2 years post-qualification experience in practice.
Experience with year-end audits and managing tax returns.
Ability to prepare monthly management accounts.

Responsibilities

Prepare daily cash flow and month-end reporting.
Oversee annual statutory accounts and audits.
Ensure compliance with banking covenants and financial regulations.

Skills

Excel

Financial Reporting

Auditing

Education

Qualified Accountant – ACCA or CIMA

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Our client, a highly regarded multi-disciplined law firm in London has an exciting opportunity for a Senior Management Accountant to join their finance team.

Responsibilities

Prepare daily cash flow reporting and provide explanations of material movements
Complete month end reporting in accordance with the agreed deadlines
Preparation of the monthly management pack (P/L, B/S and Cash flow) and commentaries for Limited company, LLP and the individual departments
Ensure all Balance Sheet reconciliations are completed at every month end
Preparation/review of the monthly fee-earners billing and time reports
Prepare bank covenant reporting in accordance with our loan agreements
Ensure Former Partner/EOT/Partner Drawings payments are paid on time and schedules kept up to date
Prepare budgets for both entities with support from FC and FD
Oversee the production of an integrated P&L, Balance Sheet and Cash Flow model
Prepare the year-end Stat accounts
Preparation of year-end schedules
Assist with the year-end audit process and deal with any audit queries
Approve and oversee all year-end balance sheet reconciliations
Carry out year-end WIP valuation process to ensure all Fee Earners approve the WIP held at year-end
Review and implement changes in working practice so the audit can be completed in an efficient manner
Ensure the SRA audit report is prepared and received back from the Auditors prior to the deadline date. Ensure the report is submitted to the SRA if necessary to do so.
Liaise with auditors regarding tax calculations and ensure that the correct information is provided in a timely manner
Dealing with the quarterly VAT returns to HMRC
PSA – prepare return for HMRC and pay over tax owed by deadline date
Provide information to the tax accountant for Capital Allowance work and disallowable expenses
Ensure insurance policies are kept up to date and paid on time (incudes Office Insurance and Professional Indemnity Insurance)
Provide relevant information at renewal to allow for renegotiation of costs
Ensuring effective financial control and appropriate management accounts are maintained
Ensure that performance reviews are completed for all direct reports
Mentoring and, where necessary, training members of the finance team to ensure they can provide a good level of service to the Firm.
Ensure that the Budgets and Forecasts are in compliant with the banking covenants and suitable risk factors are considered to allow for headroom.
Prepare and submit practising certificates and payment with the help of the accounts asst.
Assist the IT department with regular testing and updates to the system ensuring correct controls are in place
Dealing with the office for Office of National Statistics forms
Liaising with the Billing team to ensure all client residual balance are dealt with
Dealing with various accounts queries

Candidate Profile

Experience in a law firm (optional)
Qualified Accountant – 2 PQE with Practice Experience (ACCA or CIMA)
Experienced in preparing monthly management accounts
Experience in preparing stat accounts for LLP and Limited company
Experience in running year-end audit process and liaising with auditors
Experience in preparing Partner tax returns
Strong Excel and IT skills – includes good knowledge of formulas

It is Career Legal’s policy, as a matter of courtesy, to respond to all applications within three working days. However, because of the volume of applications, we are sometimes unable to respond to individual candidates. If we have not contacted, you within three working days your application has been unsuccessful, and your details have not been retained. Please apply for any other position that you may see in the future. Thank you.

Career Legal is a Recruitment Agency and is advertising this permanent role on behalf of one of its clients.

Seniority level

Seniority level
Mid-Senior level

Employment type

Employment type
Full-time

Job function

Job function
Accounting/Auditing, Finance, and Legal
Industries
Accounting, Law Practice, and Legal Services

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