Responsible for managing all financial transactions within a law firm, the Legal Cashier will be ensuring compliance with the Solicitors Regulation Authority (SRA) Accounts Rules and maintaining accurate financial records.
Key Responsibilities:
* Processing client account payments and receipts in accordance with SRA Accounts Rules.
* Ensuring client money is handled correctly and transferred according to legal guidelines.
* Monitoring and reconciling client ledgers and accounts regularly.
* Managing the firm’s office accounts, including daily banking transactions, payments, and receipts.
* Processing and reconciling office disbursements, including invoices from barristers, experts, and other third parties.
* Maintaining accurate records of VAT, preparing and submitting VAT returns.
* Completing monthly bank reconciliations for all client and office accounts.
* Investigating discrepancies and ensuring timely resolution.
* Assisting with the preparation and distribution of client bills.
* Ensuring that bills are processed and paid on time.
* Assisting with managing aged debtors and chasing overdue payments when necessary.
* Ensuring the firm adheres to all legal and regulatory requirements, especially the Solicitors Accounts Rules.
* Assisting with internal and external audits.
* Keeping up to date with changes in financial regulations affecting law firms.
* Liaising with banks and financial ins...