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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 25 days holiday, subsidised restaurant, generous pension, enhanced maternity & paternity pay and corporate sports club rates.
They are looking to recruit a Partnership Accountant to join them on a 12-month fixed term contract. The main purpose of the role is being responsible for all aspects of capital for UK partners and to assist with euro partner capital loans. Additionally, this role is responsible for arranging payment of monthly drawings payments made to partners in the UK and France and for all Partnership Accounts matters for partners in Belgium, the Netherlands, and the UAE
Responsibilities
- Prepare illustrations and advise UK partners of changes to PCLs as a result of changes in points following both the main and late allocation review.
- Advise Barclays/HSBC of the increases to PCLs, for UK partners, because of changes to points.
- Forward new facility letters to UK partners for signature and return to the bank(s) when the signed documents have been completed by partner.
- Check the quarterly interest amounts charged by the bank(s) and post to each partner’s drawings account.
- Explain the capital arrangements to newly promoted/lateral hire partners in the UK and arrange for PCL’s to be set up.
- Notify the bank(s) of changes to addresses.
- Prepare and post journals for capital being retained from profit share for UK partners, respectively.
- Arrange capital repayments to retired UK partners as per the terms of the Leaving Letter.
- Reconciliation of retired partners’ capital accounts at least quarterly.
- Calculate the monthly drawings for UK partners and send the BACS file to the cashiers for payment on the 26th of each month.
- Advise France and the cashiers of the monthly drawings to be paid to partners in France from Paris and London.
- Preparing cashflows for both lateral hires and leavers in each of the countries and reviewing the financial aspects of the offer and leaving terms letters.
- Advising IFM’s in each of the countries above about distribution payments.
- Sending annual profit and tax statements to partners in each of the offices.
Candidate Profile
- Previous Partnership Accounts experience gained within a law firm
- Ideally have working knowledge of Aderant or Elite
- Good knowledge of Excel
- Good interpersonal skills
- Excellent organisational skills
- Proven ability to use own initiative and a proactive attitude
Important Notice
It is Career Legal’s policy, as a matter of courtesy, to respond to all applications within three working days. However, because of the volume of applications, we are sometimes unable to respond to individual candidates. If we have not contacted, you within three working days your application has been unsuccessful and your details have not been retained. Please apply for any other position that you may see in the future. Thank you.
