Capital Accountant - London, United Kingdom - Career Legal

Career Legal
Career Legal
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description
Our client is an international law firm with 23 offices across the globe and currently has over 1000 staff. The firm has won many awards over the years including International Law Firm of the Year.

They have an excellent benefits package that includes 25days holiday, subsidised restaurant, generous pension, enhanced maternity & paternity pay and corporate sports club rates.


Responsibilities

  • Prepare illustrations and advise partners of changes to PCLs because of increases in points following the allocation reviews.
  • Manage the process of advising our banks of increases to PCLs.
  • Arrange PCLs repayments that are required due to a change in profit points or retirement.
  • Check the quarterly interest amounts charged by our banks and allocate the amounts to the relevant partners undrawn balance accounts.
  • Explain the capital arrangements to newly promoted/lateral hire partner.
  • Notify our banks of change of addresses.
  • Advise the cashiering team when funds are expected.
  • Ensure PCL loans and repayments are posted correctly to the General Ledger.
  • Answer any partner capital related questions.
  • Prepare capital balance forecasts to assist with the decision to make changes to partners' capital obligations.
  • Arrange for the cashiering tea to make capital repayments to retired partners as per the terms set out in their leaving letters.
  • Maintain the capital projection model and send to the Group Accountant at the beginning of each month.
  • Calculate the amount of capital to be retained partners' profit share and post to the general ledger.
  • Calculate the amount of profit due by way of interest on personal capital and update the profit model with interest due on both borrowed and personal capital
  • Prepare the capital information required for the distribution model
  • Order Annual Interest Statements
  • Capital account reconciliations
  • Work closely with one other person while carrying out some of the above
  • Reconcile various general ledger account balances
  • Excellent communicator (written and oral)
  • To have the confidence to bring new ideas to the team
  • Good excel skills
  • Proven ability as a selfstarter
  • Confident to work without supervision
  • Must interact well at all levels within the Firm and be confident to liaise with partners in all the Firm's
- international offices

  • Good decisionmaking ability and organisational skills
  • Ability to remain calm
  • Practical, commonsense approach

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