Financial Controller
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United Kingdom - London - NW1
Financial Controller
Job Description
- Review daily cash flow reporting and provide explanations of material movements
- Complete month end reporting in accordance with the agreed deadlines
- Ensure all Balance Sheet reconciliations are completed at every month end
- Interpret and provide insight into the historic financial performance of the firm to other stakeholders
- Ensure bank covenant reporting is completed and sent to the bank in accordance with our loan agreements
- Ensure Former Partner/EOT payments are paid on time and schedules kept up to date
- Place client money on account to maximize interest received
- Managing and overseeing the firm-wide budgeting process
- Ensure that the Company has adequate funds for its short and medium term needs.
- Oversee the production of an integrated P&L, Balance Sheet and Cash Flow model
- Consider spend in line with the Firms strategic goals
- Ensuring the Annual Report and year-end accounts are submitted to Companies House prior to the submission deadline
- Ensuring the SAR audit report is prepared and received back from the Auditors prior to the deadline date.
- Ensure the report is submitted to the SRA if necessary to do so
- Ensuring the year-end accounts are submitted to Companies House before the deadline date
- Ensuring that any recommendations on the Auditors management letter are reviewed and addressed in a timely manner
- Approve and oversee all year-end balance sheet reconciliations
- Review and implement changes in working practice so the audit can be completed in an efficient manner
- Responsible for ensuring all relevant tax is paid on time
- Liaise with auditors regarding tax calculations and ensure that the correct information is provided in a timely manner
- Provide information to the tax accountant for Capital Allowance work and disallowable expenses
- Ensure insurance policies are kept up to date and paid on time (incudes Office Insurance and Professional Indemnity Insurance)
- Provide relevant information at renewal to allow for renegotiation of costs
- Strategic and operational leadership of the firm’s finance function
- Ensuring effective financial control and appropriate management accounts are maintained
- Ensure that all performance reviews are completed for all members of the finance team.
- Management of the finance team, monitoring time keeping, attendance and performance
- Mentoring and, where necessary, training members of the finance team to ensure they are capable of providing a good level of service to the Firm.
- Ensure that the Budgets and Forecasts are in compliant with the banking covenants and suitable risk factors are considered to allow for headroom.
- Prepare and submit practicing certificates and payment with the help of the accounts asst.
Required Knowledge, Skills, and Abilities