Head of Legal Accounts

Head of Legal Accounts / Hove / Finance / Legal

Client Details

A well established legal firm in the Hove area is looking to recruit a full time permanent Head of Legal Accounts.

Description

As Head of Legal Accounts, you will be responsible for:

Client Transaction Management:

• Oversee all client money transactions, including payments, receipts, transfers, and reconciliations.
• Ensure that all client transactions are processed in full compliance with SRA Accounts Rules.
• Monitor and review client ledger balances, addressing discrepancies and queries efficiently.
• Maintain accurate financial records for clients and ensure that funds are held and disbursed correctly.
• Manage and oversee the relationship with the Cashroom.
• Manage the Policies and Protocols.

SRA Accounts Rules Compliance:

• Lead the firm's compliance efforts with SRA Accounts Rules, staying up-to-date with changes and ensuring that all procedures meet regulatory standards.
• Review and implement best practices for handling client money to prevent breaches.
• Report any breaches or concerns to the COFA in a timely manner.

Team Management:

• Manage a team of accounts and finance staff, setting objectives, providing regular feedback, and supporting professional development.
• Ensure the team is equipped to handle a high volume of transactions while maintaining high standards of accuracy and compliance.
• Delegate tasks effectively, monitor team performance, and maintain a productive working environment.

COFA Support:

• Support the COFA in overseeing financial compliance, providing reports and documentation as required.
• Assist with internal and external audits relating to the firm's financial activities, ensuring all records are accurate and up to date.
• Provide recommendations to the COFA on process improvements and risk mitigation strategies in relation to client money handling.

Reporting & Financial Management:

• Prepare and present monthly financial reports to the COFA, outlining client account activity and any compliance issues.
• Work closely with the accounts and departments to ensure seamless collaboration on all financial matters.
• Develop, implement, and monitor internal financial controls and policies to ensure smooth financial operations within the accounts teams.

Profile

To be considered for this role you will have a strong knowledge of SRA Accounts Rules and their practical application and proven experience managing legal client accounts, including high-volume transactional work. You will have demonstrable leadership experience, with the ability to manage, mentor, and motivate a team. You will display excellent communication skills and the ability to present complex financial information clearly with high attention to detail and a commitment to accuracy. You will have the ability to work under pressure, manage multiple tasks and meet deadlines.

Job Offer

• £45-50,000
• Private medical cover
• Life insurance
• Company pension
• Hybrid working
• Working hours of 9am - 5pm Monday to Friday
• Lifestyle hour each week