Our client is one of the largest legal practices in Kent. They offer a wide range of services specifically for businesses together with legal support for you as an individual. With over 230 years of history they have some very long standing clients.
They are now looking for an experienced Financial Controller. This role will manage all aspects of the finance function within the Company, providing monthly financial forecasts for the Board and analysis of all areas of the business, including a monthly cashflow. The Financial Controller will assist the Finance Director in the preparation of annual financial budgets and fee earning targets for Board approval, manage all statutory reporting, and implement financial controls and governance suitable for a growing business. A strong business acumen is required, with the ability to provide advice to the Board (essential).
Responsibilities
* Management of the accounts department and team
* Maintenance of thorough understanding of SRA procedures and compliance with regulatory requirements including solicitors’ accounts rules
* Oversight of financial accounting activities
* Production of monthly management information including trial balance; utilisation and recovery rates; gross profitability by fee earner, client and matter and other KPIs as necessary
* Preparation of management accounts and cashflow forecasts for the Board
* Work proactively with department heads to minimise WIP balances and maximise fee billing each month
* Management of all statutory reporting, including preparation of VAT returns and PAYE and other taxation
* Implementation of appropriate financial controls and governance and driving continuous improvement of accounting practices
* Analysis of financial data and preparation of reports for the Board
* Leading the financial planning and annual budgeting processes to optimise financial performance
* Working with Managing Director/Finance Director with the preparation of annual expenditure budgets
* Management of the initial credit control function, including daily communication with clients regarding balances
* Payroll and benefit administration - working alongside the HR Manager to administer payroll and pensions
* Calculation of interest payments to clients
* Ensuring all card payments are allocated correctly
* Assisting the company’s accountants with the year end audit and preparation of practice and company accounts
* Liaison with external advisers such as accountants and bankers
* Ensuring that the Company receives the maximum deposit interest rate on all deposit accounts
* Negotiation and arrangement of insurance for premises, equipment and employer’s liability
* Provision of leadership and guidance to the Legal Cashiers team
* Ensuring frequent banking as necessary
* Maintenance and balancing of petty cash
* Posting of monthly expenses
* Raising of necessary cheques and managing invoice submissions
* Maintenance of Central Services budget spreadsheet
* Participation in the wider Central Services team
* Support the Managing Director on bonus and incentive schemes
* Other duties as deemed necessary to fulfil the role
Candidate Profile
* Relevant Qualifications such as AAT / CIMA / ACCA / ACS (or qualified by experience)
* In-depth and up-to-date knowledge of SRA Accounts rules
* Previous experience in the legal sector, either at a similar level/capacity or senior support role
* Knowledge of payroll and benefit administration
* Strong communicator with high levels of interpersonal skills
* Ability to handle the complexities and volume of transactions
* Ability to demonstrate leadership qualities
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