Job Description

• Maintaining partner records relating to partner numbers, status and level within the partnership.
• Maintaining partners' accounts including current accounts, drawings accounts and capital accounts.
• In particular this includes provision to partners of statements of drawings account transactions when required, and dealing with queries that partners have about items within the drawings accounts.
• The role is also responsible for maintaining and reconciling partners' capital accounts, particularly at year end when profits and tax postings have been made to capital accounts in appropriate currencies.
• Determination of each partners' share of the profits in the accounts (including any capital releases) based on their lockstep position in the equity and their contribution point awards.
• The role also involves processing that profit information so that it can be used in drawing up the firm's accounts, for the basis of distributions and for posting to partners' capital accounts.
• Annual Remuneration Audit Committee to determine partners' share of profits in the accounts, which involves being the point of contact from the team and providing several schedules, notifications and liaising with senior personnel and Partners.
• Calculating partners' distributions in accordance with the firm's funding policy as amended from time to time by instructions from the board, arranging payment of distributions and ensuring these are correctly accounted for.
• Provision of advice to partners on partnership matters, which involves liaising with partners, particularly newly admitted partners and potential new partners, to advice on partnership policies and practices in relation to capital, profit, drawings, tax and partnership borrowings.
• Calculation of annuities payable to retired partners in accordance with the firm's partnership agreement, arranging payments, and reporting to retired partners and maintaining records of amounts due and paid.
• Provision of information to the financial accounting team, which involves liaising with the firm's financial accounts team to provide information required for inclusion in the firm's statutory accounts.
• Provision of Budget information, being the Ready Reckoner, Drawings Review and Cash Flow for the team.
• Provision of Audit information to the auditors upon request.
• The role involves liaison with overseas office managers in relation to the maintenance of accounting records relating to partners based overseas.
• Supervising the Partnership Accounts Assistant including providing training where required, delegating appropriate tasks and ensuring their work is completed to an acceptable standard.

Benefits:

• Competitive Offer Package including bonus's dependent on role/level, private medical insurance & pension contribution to name a few.
• Hybrid working approach of 2 days a week required in the office with flexibility dependent on role/team/client demands.
• We have a long standing history in supporting the art community especially up and coming artists.

Required Knowledge, Skills, and Abilities