Job Description
- Managing the annual capital contribution process together with arranging capital contributions/capital loans for new partner and capital loan repayments for retirees
- Managing relationships with the banks and legal advisers with regard to capital loan documentation
- Forecasting of bank facility limits.
- Responsible for the maintenance and reconciliation of partners’ capital general ledger accounts
- Reconciling interest and arranging the quarterly loan interest payments to the firm’s banks ownership of the partner joiner, mover and retiree processes thereby ensuring a smooth transition.
- Preparing cash flow projections for new & lateral partner hire partners
- Preparing retirement calculations across a portfolio of offices
- Reviewing confirmation of earnings letters for partners’ personal finance purposes
- Posting partner finance related journals in line with the firm’s policies, for example partner retirement journals
- Reconciliation of partner expat accounts in line with relocation assignment terms
- Preparing ad hoc reports/cash flow projections to facilitate decision-making
Responsible for the calculation and co-ordination of the annual charity contributions. This includes;
- calculation of each partners’ annual contribution and charging to partner current accounts
- allocation between offices of contributions to be made by local committees
- ensuring tax efficient treatment of contributions, where possible
Ownership and reconciliation of the partners’ disbursement accounts, including;
- Monthly reconciliations thereby ensuring the accurate collection and clear down of balances
- responding to partner disbursement queries on disbursements
Supporting the year end process;
- assisting with the year-end audit / liaising with auditors, particularly around the partnership capital process
- preparing year-end capital schedules to facilitate the production of the annual partner statements and disclosure in the firm’s Annual Report & Financial Statements
Providing support to the teams’ management in ad-hoc project work, such as the development of new partner processes and systems, in particular the continued development and enhancement of the capital raising process. Providing cover for the calculation and payment of partners’ monthly drawings and special distributions, including inputting of information into the Global Payroll System and the running of reports. Providing support/cover for monthly reporting and forecasting for management accounting purposes together with ad hoc management reporting to facilitate decision-making.