Job Description

The purpose of the role is to oversee preparation of the group's internal management accounts, external statutory accounts, group audits and cash flow. The role entails most aspects of financial control and supporting the Group to develop a strong internal control environment. The role has frequent contact with senior management, Finance colleagues across the firm and external stakeholders. It also involves management of the Group Reporting team of 3 to provide the group's management accounting, cash flow/treasury and statutory reporting.

What will you do?

• Overseeing the production of the firm's internal management accounts including non-financial KPIs e.g. utilization, profit metrics.
• Management of the process to enhance the quality and efficiency of process and outputs.
• Involvement in the current transition to Power BI dashboard and reporting.
• Publication of management accounts packs to the IEC (the Group's Management Board) and international offices.
• Overseeing the production of monthly commentary and any supporting analysis, with input into content and presentation of summary documents.
• Participation in the group's budget process: timetabling and co-ordination, development of budget models, consolidation of all inputs and preparation of budget presentation.
• Overseeing the reporting of partners' lock-up metrics (determining eligibility to receive profit share payments): design and development of the process of reporting individual lockup metrics to partners, responding to challenges from partners, Managing Partner, liaising with transactional teams.
• Various items of management accounts analysis to support RAC (the Firm's remuneration and appraisal committee) and fee earner appraisal process: FE profitability statistics for use in appraisals, production of accretion/dilution quartiles analysis, various RAC information requirements.
• Overseeing preparation of submissions of various items of financial info for our Annual Law Firm's survey and various industry press surveys.
• All aspects of preparation of the group statutory accounts: reporting packs for all offices, preparing consolidation and completing group financial statements including cash flow, Statement of Members' Interests and all disclosures, and financial statements of the group's subsidiaries, covering all financial statements and disclosures.
• Preparation of subsidiary LLP and company accounts, including all statutory notes and disclosures.
• Co-ordination and delivery of group's statutory audit - planning, organization with auditors and amongst all members of finance teams,
• Management of audit deliverables across teams; direct delivery of items required by auditors and completion of audit testing support.
• Management of WIP valuation process across all offices, designing models, writing guidance documents, reviewing results.
• Members Interest statement preparation
• Managing finalization of all year-end entries and eliminations, posting final entries into ledgers, ledger reconciliation and close.
• Reserves - developing process & schedule for year-end entries, reconciliation & close.
• Keeping up to date with changes in statutory reporting requirements which apply to the group and its subsidiaries; assisting the team maintain knowledge and application of FRS102 and other reporting frameworks as appropriate.
• Overseeing quarterly bank covenant reporting including balance sheet threshold tests, cash flow forecast.
• Cash flow - overseeing the regular cash flow forecasting process done by the Group Treasury Accountant and local offices: input into designing and maintenance of the overall process, helping review the outputs of the consolidation of office monthly submissions to the total group position.
• Understanding and explaining variances in cash position and cash flow forecasts.
• Overseeing Interoffice settlement & netting process
• Management of team - recruitment, coaching, mentoring
• Participating in the ongoing development to optimize the efficiency and usefulness of financial processes, including transition of all reporting outputs to Power BI, requiring the ability to develop a high level of expertise in the systems/tools used, and coach other Finance users.

Required Knowledge, Skills, and Abilities

• Qualified with a recognized professional accounting qualification.
• At least 3 years of experience of working in a finance team.
• Experience of management and statutory financial reporting.
• Experience of working within the professional services sector and with partnerships.
• UK GAAP (SORP experience would be a plus).
• Experienced user of finance IT systems and Excel.