Partner and Tax Accounting Specialist

Morgan, Lewis & Bockius LLP; Philadelphia (Philadelphia County); Hybrid; USD 70,000 - 90,000; Full time

Job summary

Morgan, Lewis & Bockius LLP, a leading global law firm, seeks a Partner and Tax Accounting Specialist in Philadelphia. This role involves providing substantial assistance with partner accounting, including capital loan programs and partner account analysis, while offering a hybrid work model.

Applicants must have a Bachelor's degree in Accounting or Finance and at least one year of relevant experience. Ideal candidates demonstrate strong analytical skills and proficiency in Microsoft tools. The firm values diversity and encourages applications from all qualified individuals.

Qualifications

• Minimum of one year of accounting or finance experience.
• General knowledge of partnership accounting principles.
• Strong mathematical aptitude.

Responsibilities

• Reconcile partner draw accounts and payments monthly.
• Analyze quarterly loan interest reports for compliance.
• Prepare ad hoc reports as needed.
• Assist with annual firm audit.
• Utilize Alteryx for annual partner draw schedules.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Communication skills

Proficiency in Microsoft Excel

Education

Bachelor's degree in Accounting or Finance

Tools

Alteryx

Microsoft Word

Microsoft Outlook

Job description

Morgan, Lewis & Bockius LLP, one of the world's leading global law firms with offices in strategic hubs of commerce, law, and government across North America, Asia, Europe, and the Middle East, is seeking to hire a Partner and Tax Accounting Specialist.

Under general direction and supervision, reporting to the Senior Analyst, and ultimately the Director, of the Partner Tax and Accounting Department, this position is responsible for providing significant assistance and analysis with regard to all partner accounting related reporting functions including but not limited to the following: administration and reporting of the partner capital loan program, document generation related to the on and off boarding of partners, preparation of year-end partner allocation information, partner account analysis, ad hoc tax projects, partner income and employment verifications and any other requests as they may arise through the normal course.

This position will reside in our Philadelphia office and offers a hybrid in-office/remote working schedule.

Key responsibilities include:

• Reconcile partner draw accounts, partner payments, preferred distributions, contributed capital, and other partner equity accounts on a monthly basis.
• Analyze quarterly loan interest reports from the lender for compliance with the terms of the program and verification for payment.
• Prepare capital loan pay off, return of capital and final allocation wires when necessary.
• Monitor and track partner contributed capital on a daily, monthly, and annual basis.
• Prepare, on a quarterly basis, all partner preferred distributions due to partners.
• Prepare lateral partner draw schedules for distribution during the offer letter process.
• Utilize Alteryx application to create, generate and distribute all annual partner draw schedules with estimated retirement plan contributions, taxes and final allocation payments.
• Obtain and create the necessary schedules and documents in association with a partner's withdrawal from the partnership.
• Assist with the compilation of the annual year end partner allocation package delivered directly to partners.
• Prepare ad hoc reports responsive to information requests as needed.
• Participate in the annual Firm audit with respect to providing account reconciliations along with substantive supporting documentation.

Experience and qualifications:

• Bachelor's degree in Accounting (preferred) or Finance from an accredited college or university.
• Minimum of one year of accounting, finance, or related professional experience.
• General knowledge of partnership accounting principles.
• Proficiency with Microsoft Outlook, Word, and Excel.
• Strong analytical and problem-solving skills with the ability to interpret data and draw sound conclusions.
• Excellent written and verbal communication skills.
• Strong mathematical aptitude and attention to detail.
• Ability to effectively communicate and collaborate with employees, partners, clients, and vendors.

Qualified candidates must apply online by visiting our website at www.morganlewis.com and selecting "Careers."

Morgan, Lewis & Bockius LLP is committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value inclusion and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, veteran status, gender identity, genetic information, or any other characteristic protected by federal, state, or local law.

Pursuant to applicable state and municipal Fair Chance Laws and Ordinances, we will consider for employment qualified applicants with arrest and conviction records.

California Applicants

Pursuant to the California Consumer Privacy Act, the following link contains the Firm's California Consumer Privacy Act Privacy Notice for Candidates which explains the categories of personal information that we collect and the purposes for which we use such personal information. CCPA Privacy Notice for Candidates

Morgan, Lewis & Bockius, LLP reasonably accommodates applicants and employees who need them to perform the essential functions of the job because of disability, religious belief, or other reason protected by applicable law. If you believe you need a reasonable accommodation during the application process, please contact Talent Acquisition at 888.534.5003 or [e-mail].

If hired, your employment relationship with the firm will be on an "at-will" basis, meaning that the firm may modify the terms and conditions of your employment at any time, and that either you or the firm will be free to end the relationship at any time with or without cause and with or without advance notice, although reasonable notice would be expected.