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Financial Reporting Manager

NEWLY created Financial Reporting Manager role now available in London based law firm.

As the Finance Reporting Manager, you will manage a team to plan and deliver the firm's budgeting, forecasting, financial accounting and reporting.

You must be a qualified accountant with a minimum of 5 years PQE (ideally all at manager level) and legal sector experience is essential.

Specific duties include:

  • Review and publish monthly management accounts and associated reports within agreed timescales
  • Review and publish monthly cashflow and P&L forecasts
  • Meet with budget holders to prepare and agree annual revenue and expenditure budgets
  • Review and publish monthly expenditure reports (opex and capex) to relevant budget holders
  • Take full ownership of the general ledger, ensuring data integrity through the regular review of transactions and by providing guidance to finance and non-finance staff
  • Perform and review general ledger accounting for accruals, provisions, prepayments, fixed asset depreciation and internal recharges
  • Ensure that the firm's balance sheet accounts are regularly reconciled, including its bank accounts (daily), accruals, provisions, fixed assets and prepayments
  • Review and publish other recurring reporting to relevant stakeholders (e.g. weekly utilisation reports, quarterly TME reports, quarterly CP/MP reports)
  • Prepare and present insightful ad-hoc financial management information to support our legal group heads and other partners in leading their practices (e.g. presenting at team away days)
  • Analyse and publish performance in relation to the fee earner bonus scheme
  • Review and publish performance in relation to various individual consultancy commission agreements
  • Conduct profitability analysis at team, partner, client and matter level (including matter post mortems)
  • Review and provide financial information for legal press surveys, new business pitches, panel reviews and for other marketing purposes
  • Review and publish annual statutory accounts and corporation tax returns
  • Review and publish other external reporting information (e.g. ONS returns, payment performance reporting, carbon reporting)
  • Review and oversee all direct to client reporting
  • Provide reporting support to the revenue and cashiering teams
  • Oversee all other internal and external reporting delivered by the reporting team
  • Maintain the firm's compliance with applicable HMRC legislation, Solicitors' Accounts Rules and accounting standards
  • Meet with budget holders to analyse and review expenditure
  • Help the firm to manage and reduce it lock up by promoting best practice and through the provision of appropriate targeted reporting
  • Manage the year-end financial audit
  • Identify and address financial risks and opportunities
  • Review and validate office and client payments
  • Play an active role in the firm's practice management system replacement project to ensure that all of the firm's reporting needs are met
  • Manage, support, train and develop the reporting team
  • Design and deliver best practice financial training to fee earners and partners
  • Build relationships with key stakeholders across the business
  • Work closely with the Financial Systems team, IT department and other support departments to design and deliver solutions, automating where possible

Experience needed:

  • An experienced finance manager
  • A qualified accountant (ACA, ACCA, CIMA) with 5 years PQE gained within the legal sector
  • A good understanding of the Solicitors' Accounts Rules
  • Good knowledge of VAT and partnership tax
  • Strong leadership and communication skills
  • Experience of managing and developing a team
  • Advanced MS Excel skills

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