Financial Accountant - Reed : Job Details

We are seeking a skilled Financial Accountant to join our team. This role involves comprehensive financial reporting, accounting tasks, and general financial management. The ideal candidate will have a strong background in accounting, preferably within a law firm or professional services environment, and will be instrumental in driving financial accuracy and process improvements.

Day-to-day of the role:

Reporting:

• Prepare and analyse financial data, ensuring accurate financial reports are delivered to senior management.
• Manage monthly Management Accounts and conduct departmental reviews.
• Provide P&L forecasts and updates.
• Prepare statutory financial statements and manage audit adjustments.
• Develop annual Income and Costs budgets.
• Conduct cash forecasts and quarterly Financial Covenants tests for the bank.
• Assist with SRA and Statutory LLP audits.

Accounting Tasks:

• Calculate and process quarterly commission payments.
• Prepare schedules for Equity and Fixed Share Partner drawings.
• Review monthly Balance Sheet and bank reconciliations.
• Update monthly Fee Earner and Support staff headcount listings.
• Manage Partner’s Capital requirements, including liaising with the bank and handling applications for new or increased capital.
• Value WIP & Debts and support the COFA role.

General Tasks:

• Lead ad hoc projects to enhance processes and efficiencies within the accounting function.
• Provide ad hoc reports and financial information as required.
• Address queries from Partners and Associates.
• Liaise with auditors and the bank on various matters.

Required Skills & Qualifications:

• Accounting qualification – ACCA, CIMA, or equivalent experience.
• Proven experience as an accountant, ideally within a law firm or professional services firm.
• Comprehensive knowledge of the Principles and Accounts Rules of the Solicitors Regulation Authority.
• Profound understanding of accounting principles, financial analysis, and reporting standards.
• Advanced proficiency in MS Office, especially Excel. SQL knowledge is highly advantageous.

Excellent leadership and communication skills, with the ability to work collaboratively across all levels.

Benefits:

• Private medical insurance
• Life Assurance scheme
• Group Income Protection scheme
• Season Ticket Loan
• Cycle to work scheme
• Hybrid working
• 25 days holiday
• Pension 
• 9.30-5.30