Head of Finance (Fixed Term Contract)
- Recruiter
- Ryder Reid Legal Limited
- Location
- England, London, City of London
- Salary
- Negotiable
- Posted
- 20 Jul 2022
- Closes
- 17 Aug 2022
- Ref
- JO0000003451
- Contact
- Kate Gallagher
- Job Title
- Legal Finance
- Contract Type
- Permanent
- Hours
- Full Time
Our client, a UK law firm, is currently looking for a Head of Finance to join them on a 3-to-4-month fixed term contract basis. Reporting to the Practice Director, this position will have broad-ranging responsibilities and will be heavily involved in the day-to-day management of the firms Finance Department. The candidate will act as the firms COFA and ensure that all client related transactions are processed in accordance with SRA rules. Key duties will include: Compliance / Systems:Act as the firms COFAMaintain the firms breach registerChasing up partners and fee earners in respect of compliance issues (Bills to transfers, client balances to return etc)Co-ordination of both SRA & LLP AuditMonitor the accounts department to ensure that all work is processed and in accordance with SRA regulationEnsure the accounting and fee earning team are updated with latest SRA regulationMember of the Risk CommitteeDevelop efficient and compliant process and proceduresWork with the I department to deliver finance system upgrades Management Accounts / Monthly ReportingMonthly Preparation of FSEP drawings schedules and ensuring paymentAll aspects of Partner transactions from drawings, distributions, FSEP schedules and any ad-hoc Partner requestsQuarterly preparation of commission paymentsMonth End reconciliation checking for all accountsQuarterly VAT returns including online submission and EC sales listPreparation of monthly results spreadsheetMaintain cash flow report Prepare monthly profit and loss accountMember of Finance CommitteeAttendance at fortnightly managers meeting General Management / Legal CashieringLine management and appraisal duties for team of 4P4W and accounts training for new joiners and refresher training as requiredInput and/or authorising bank payments from of the firm's bank accountsSupport for the cashiering team during periods of holiday or sickness The Head of Finance (contract) must have relevant experience within a senior finance function at a Law Firm or professional services environment and have a strong understanding of SRA, accounting and tax requirements in the UK. Knowledge of Partner for Windows (P4W), CMS Aderant and/or Elite Enterprise or 3e would be highly beneficial. For more information about this excellent opportunity please contact Ryder Reid Legal.