Our client, a highly regarded law firm with a strong reputation for delivering exceptional legal services, is seeking an experienced and skilled Financial Controller to join their leadership team.Known for their commitment to excellence and innovation, the firm offers a dynamic environment for professionals looking to make a significant impact.
Role Overview:
Reporting directly to the board of directors, the Financial Controller will play a vital role in overseeing the firm’s financial strategy, ensuring compliance with regulatory requirements, and managing key administrative functions to support operational efficiency and long-term success.
Key Responsibilities:
Finance and Accounts:
• Preparing monthly management accounts, cash flow forecasts, VAT returns, payroll, and PAYE.
• Developing and monitoring budgets, annual accounts, and corporation tax returns.
• Managing cash flow and overseeing the firm’s financial operations to ensure stability and efficiency.
• Producing financial management reports, including key performance indicators (KPIs) and performance metrics.
• Supervising the Accounts Department, including accounting systems, billing, credit control, and client balance management.
• Liaising with auditors and financial institutions to ensure compliance with Solicitors’ Accounts Rules (SAR) and other regulatory requirements.
• Acting as Deputy COFA, supporting the firm’s Compliance Officer for Finance and Administration.
Practice Administration:
• Reviewing and managing supplier contracts to ensure cost-efficiency and value for money.
• Overseeing the renewal of insurance policies, regulatory subscriptions, and practising certificates.
• Arranging loans and finance agreements, including comparing options and managing associated paperwork.
Requirements:
• A minimum of 5 years of experience in a senior finance and administration role within a law firm.
• Comprehensive knowledge of financial management, legal finance and cashiering, Solicitors’ Accounts Rules, and regulatory compliance.
• Strong commercial awareness and exceptional interpersonal skills.
• A recognised accounting qualification (e.g., ACCA, ACA, or CIMA).
• Advanced IT skills, including proficiency in MS Office.
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