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Financial Accountant

Reed
Posted 16 days ago, valid for 3 days
Location

London, Greater London WC1A 2LP, England

Salary

£80,000 - £96,000 per annum

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Contract type

Full Time

Life Insurance

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • We are looking for a Financial Accountant with a strong background in accounting, ideally in a law firm or professional services environment.
  • The role includes comprehensive financial reporting, accounting tasks, and general financial management.
  • Candidates should have an accounting qualification such as ACCA or CIMA and proven experience in the field.
  • The position offers a salary of £XX,XXX, and requires a minimum of X years of relevant experience.
  • Benefits include private medical insurance, life assurance, and a hybrid working model.

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

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.