Senior Partnership Accountant

ROLE SPECIFICATION

Role Responsibilities

Partnership and Tax

• Preparation of partnership and corporate tax computation for all entities.
  

• Reconciliation of all partners’ current accounts, tax reserves & capital accounts and ensuring that any discrepancies are highlighted and resolved.
  

• Partner loans:
  

  • New partner loans arrangement with the bank on a timely basis.
    

  • Existing capital loans uplift.
    

  • Capital repayments.
    

  • Loan interest servicing.
    

• Preparation of annual partner statements, including reconciliation of partner balances between statements and the accounts system.
  

• Maintaining partner tax reserves and accounts, including budget estimated tax retentions and reconciling them to Aderant (end of year tax reserve top up calculations).
  

• Manage HMRC payments, collating and dealing with the firm’s tax accountants and third -party advisors.
  

• Investigating differences and liaising with external tax advisors as necessary.
  

• Manage partners monthly drawings process.
  

• Ensuring distributions are paid on time and that they are recorded correctly in the accounting system.
  

• Recently introduced Partner lock -up retentions policy.
  

• Dealing with partner queries in relation to their drawings payments and partnership obligations.
  

• Assisting with partner benefits queries and liaising with HR regarding benefit cover for both new and existing partners.
  

• Ensuring partners chargebacks are accurately processed.
  

• Assisting with budgeting and forecasting income and expenditure.
  

• 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 in retirement agreements.
  

• Provide payroll technical (PAYE, NIC, BIK, etc…) to HR and payroll processing.
  

• Provide technical input into capital allowances project.
  

Statutory and Management Accounts

• Provide cover and assistance with the production of accurate and timely monthly management accounts, including P&L, balance sheet, and cash flow reports.
  

• Assisting in preparing year -end consolidated and standalone statutory accounts in compliance with relevant accounting standards and keeping up to date with technical reporting requirements.
  

• Responsibility for group dormant companies accounts and filing.
  

• Assisting in managing and maintaining financial records, including general ledger accounts and financial statements.
  

• Providing detailed analysis of monthly results and identifying variances.
  

• Perform monthly and annual financial closing activities.
  

• Supporting the preparation of supporting schedules for statutory audit, ensuring all information is complete, accurate, and submitted on time.
  

Treasury

• Assisting daily and monthly cash flow reporting.
  

Other Areas

• Assist with the timely submission of VAT returns, and other regulatory filings, including ONS submissions.
  

• Assisting and implementing new procedures in the group.
  

• Ad hoc duties as required.
  

PERSON SPECIFICATION

The ideal candidate will have:

• Qualified accountant with several years' experience of working in partnership accounting or tax.
  

• Previous legal finance or professional services experience necessary.
  

• Highly visible with a flexible, positive approach and proactive manner.
  

• Exposure to Aderant would be advantageous but not essential.
  

• Strong Excel skills and the ability to collate and present management information data (pivot tables, extracting information to Excel etc).
  

• Demonstrate excellent attention to detail.
  

• Analytical and problem -solving abilities.
  

• Ability to prioritise and work to tight month end deadlines as well as manage workload in response to changes in business needs.
  

• Ability to demonstrate initiative and independence.
  

In addition, a confident communicator with a positive work ethic and the ability to build credible relationships with clients both internal and external is required. Professionalism and polish are expected, with the capacity to inspire the confidence of clients and colleagues.