Partnership Accountant

Our client is a London-based Law firm where people are committed to achieving the goals of listed and private companies, institutions, and individuals. Our experience encompasses corporate, commercial litigation and arbitration, employment and pensions, finance, marine and international trade and real estate.

They are now looking to hire a Partnership Accountant to join the accounts team on a permanent basis. The Partnership Accounting Team consists of 4 team members: - the Partnership Accounting Manager, the Partnership Accountant, and the Partnership Accounting Assistant. The accounts team is made up of several sections: management accounts; purchase ledger; partnership accounting; credit control; cashiering and billing

Responsibilities

• Reconciliation of all partners current accounts, tax reserves & capital accounts and ensuring that any discrepancies are highlighted and resolved.
• Reviewing the monthly reconciliation of partner capital account balances prepared by the partnership accounting assistant. Ensuring new partner loans are arranged with the bank on a timely basis.
• Preparation of annual partner statements, including reconciliation of partner balances between statements and the accounts system.
• Assisting with the preparation of the partner tax reserves and reconciling them to Aderant. Investigating differences and liaising with our external tax advisors as necessary.
• Reviewing the monthly drawings to be paid to all partners including their quarterly interest and annual draw payments.
• Ensuring monthly and quarterly drawings are paid on time both in the UK and internationally and that they are recorded correctly in the accounting system.
• Dealing with partner queries in relation to their drawings payments and partnership obligations.
• Assisting with partner benefits queries and arranging benefit cover for both new and existing partners.
• Providing partners with mortgage reference letters.
• Providing partner balances for partner retirement letters including a schedule of payments due to the partner, HMRC and the bank.
• Reconciliation of retired partner balances, including repayment of balances to partners as scheduled.

Candidate Profile

• Ideally a qualified accountant with several years’ experience of working in partnership accounting.
• Previous legal finance or professional services experience necessary.
• Highly visible with a flexible, positive approach and proactive manner.
• Aderant or Elite knowledge would be advantageous but not essential.
• Intermediate Excel skills & knowledge required.
• Good attention to detail.
• A team player with a flexible and willing attitude.

Important Notice

It is Career Legal’s policy, as a matter of courtesy, to respond to all applications within three working days. However because of the volume of applications, we are sometimes unable to respond to individual candidates. If we have not contacted you within three working days your application has been unsuccessful and your details have not been retained. Please apply for any other position that you may see in the future. Thank you.

Career Legal is a Recruitment Agency and is advertising this perm vacancy on behalf of one of its clients.