About Our Client
A well-established legal firm in the Hove area is looking to recruit a full-time permanent Head of Legal Accounts.
Job Description
As Head of Legal Accounts, you will be responsible for:
Client Transaction Management:
* Oversee all client money transactions, including payments, receipts, transfers, and reconciliations.
* Ensure that all client transactions are processed in full compliance with SRA Accounts Rules.
* Monitor and review client ledger balances, addressing discrepancies and queries efficiently.
* Maintain accurate financial records for clients and ensure that funds are held and disbursed correctly.
* Manage and oversee the relationship with the Cashroom.
* Manage the Policies and Protocols.
SRA Accounts Rules Compliance:
* Lead the firm's compliance efforts with SRA Accounts Rules, staying up-to-date with changes and ensuring that all procedures meet regulatory standards.
* Review and implement best practices for handling client money to prevent breaches.
* Report any breaches or concerns to the COFA in a timely manner.
Team Management:
* Manage a team of accounts and finance staff, setting objectives, providing regular feedback, and supporting professional development.
* Ensure the team is equipped to handle a high volume of transactions while maintaining high standards of accuracy and compliance.
* Delegate tasks effectively, monitor team performance, and maintain a productive working environment.
COFA Support:
* Support the COFA in overseeing financial compliance, providing reports and documentation as required.
* Assist with internal and external audits relating to the firm's financial activities, ensuring all records are accurate and up to date.
* Provide recommendations to the COFA on process improvements and risk mitigation strategies in relation to client money handling.
Reporting & Financial Management:
* Prepare and present monthly financial reports to the COFA, outlining client account activity and any compliance issues.
* Work closely with the accounts and departments to ensure seamless collaboration on all financial matters.
* Develop, implement, and monitor internal financial controls and policies to ensure smooth financial operations within the accounts teams.
The Successful Applicant
To be considered for this role you will have a strong knowledge of SRA Accounts Rules and their practical application and proven experience managing legal client accounts, including high-volume transactional work. You will have demonstrable leadership experience, with the ability to manage, mentor, and motivate a team. You will display excellent communication skills and the ability to present complex financial information clearly with high attention to detail and a commitment to accuracy. You will have the ability to work under pressure, manage multiple tasks and meet deadlines.
What's on Offer
* £45-50,000
* Private medical cover
* Life insurance
* Company pension
* Hybrid working
* Working hours of 9am - 5pm Monday to Friday
* Lifestyle hour each week
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