Finance Director Solicitors Accounts Rules - London, United Kingdom - Additional Resources Ltd

Additional Resources Ltd
Additional Resources Ltd
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description

Finance Director (Solicitors Accounts Rules)

Location:
London (EC postcode)

Salary:
£80,000 per year

The Role:


Our client is one of the leading family _law firms_ in the UK with a national and international reputation for its work in children and family law.


The Role:

They are seeking a
Finance Director to provide strategic commercial and financial advice.

You will support the Leadership Team on both a longer term commercial and on a day-to-day basis, and run the firms Finance function.

This role will be officebased with one day working remotely. You will report directly to all the Partners.


Duties:


  • You will monitor and directly influence the performance of fee earners at all levels.
  • Working with the Practice Manager and costing team to efficiently operate the financial aspects of the firm's Legal Aid contract
  • Maintain and develop efficient financial processes and procedures to ensure best practice and accounting controls.
  • Establish and maintain external relationships with banks, auditors and other providers of finance to review contracts and providers annually.
  • Sole responsibility for the bookkeeping & accounts of a Property Owning Partnership
  • Producing statutory financial statements suitable for audit
  • As COFA, reporting all breaches, remedies, information to the allocated senior partner and the Leadership Team at least monthly and immediately if the breach is serious.
  • Attend leadership team meetings and provide strategic financial advice to any and all Leadership Team (LT) decisions.

Skills & Experience:


  • You must be a qualified accountant and experienced at Board level within a commercial professional services partnership environment (ideally with a working knowledge and familiarity with the Solicitors Accounts Rules).
  • Experience of managing a Legal Aid Contract is desirable but not essential.
  • You must be able to take on the role of COFA and will deliver finance support to the firm generally, working in close liaison with the Practice Manager.
  • Strategic awareness of business and commercial issues and the disciplines of Finance, BD and HR
  • Providing a robust financial overview and analysis of the firm's current and forecast financial health within the commercial context in the form of monthly management accounts with supporting information.
  • The annual budget cycle and production of budgets, i
  • Managing cash flow by monitoring expenditure, supervising billing and credit control,
  • Working Capital control and all bank facilities
  • Managing the Finance team of three FTE and the outsourced book keeping team
  • Management of the annual SAR audit & accounts review and ensuring that any advice received is implemented.
  • Manage the renewal process of the Professional Indemnity Insurance and Practising Certificates.

What's On Offer:


  • 25 Days Holiday Entitlement
  • Pension
  • Office based role with one day remote working
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Additional Resources are an Employment Business and an Employment Agency as defined within The Conduct of Employment Agencies & Employment Businesses Regulations 2003._
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