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Billing and Legal Finance Officer

Accountancy Action
Posted 8 hours ago, valid for 21 days
Location

London, Greater London EC1R 0WX

Contract type

Full Time

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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  • My client, a well-established law firm in London, is seeking a candidate to join their dynamic team with the potential to progress to a head of finance role.
  • The position requires 2-3 years of legal finance or cashiering experience, along with strong knowledge of SAR and legal financial regulations.
  • The successful candidate will be responsible for maintaining client ledgers, processing payments, and ensuring compliance with various regulations.
  • The role offers a competitive salary of £35,000 to £45,000 per annum, depending on experience.
  • Candidates should possess excellent organizational skills, assertive communication abilities, and a proactive approach to managing tasks.

My client is a very well established law firm based in London and they are currently looking for someone to join their dynamic and career driven team.

This role is created with the aim to provide the successful candidate to progress to a head of finance role within the business.

The successful candidate will be someone who is not afraid of administrative duties, assisting with operations as well as main billing responsibilities but also will have the "gravitas" and maturity to liaise and collaborate with stakeholders of the business.

Key responsibilities:

  • Maintain client and office ledgers, process payments, and ensure compliance with Solicitor's Accounts Rules and AML regulations.
  • Support monthly and year-end cashiering duties, SAR audits, and compliance training.
  • Prepare financial reports, billing forecasts, and KPIs for partners.
  • Conduct billing meetings, prepare bills for fee earners, review matter lists, and address residual balances/compliance issues.
  • Provide support to management and to staff on billing performance and reaching billing targets
  • Manage office expenses, supplies, file management, archiving and ad hoc administrative tasks.
  • Support recruitment, on boarding, payroll updates, and system improvements and new case management software.
  • Review supplier contracts and assist with daily invoice and expense checks.
  • Work closely with the management team and individual fee earners to align efforts with firm goals.
  • Liaise with clients, compliance officers, accountants and regulatory bodies.
  • Train fee earners on financial compliance and support ad hoc tasks.
  • Assist the Partners and Operations team in ensuring smooth office operations.

Requirements

  • 2-3 years of legal finance or cashiering experience.
  • Strong knowledge of SAR, legal financial regulations, and legal accounting software.
  • Close attention to detail and accuracy in financial and administrative work.
  • Assertive communication skills with the ability to work in a team, manage a team, and develop/motivate staff.
  • Excellent organisational and interpersonal skills.
  • Proactive approach to managing tasks and supporting team goals.
  • Membership to ILFM or similar is preferred.

*Open to school leavers with legal background that are willing to excel to a career within the industry.

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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.