The Opportunity Key Internal Relationships: Head of Partner Finance, Tax Processes & Controls Tax & Partner Finance team London and regional Business Finance teams Key External Relationships: Lloyds bank Barclays bank Primary Responsibilities: Reporting to the Partner Finance Manager and assistance with Partner Finance matters as well as involvement with the wider Tax & Partner Finance team on various Tax & Partner finance matters Key Responsibilities: Partner payments Preparation of relevant workings and paperwork required to deliver Partner remuneration efficiently Assisting the Partner Finance Manager and Partner Finance Accountants to ensure all payments to Rest of World partners are made in a coordinated and timely manner and have been subject to appropriate approval. This includes: Monthly drawings Recording and communicating the lock-up incentive scheme results Quarterly drawings for Up to the Review Point partners (URPs) Distributions (URPs) Issuing advisory emails to local finance teams in relation to quarterly payments Reconciliations Assisting the Partner Finance Manager and Partner Finance Accountants with the reconciliation (not limited to) of: Partner Drawings Partner Current Accounts Partner allowances Sundry debtors Recharges Assisting the Partner Finance Manager and Partner Finance Accountants with the processing of recharges (not limited to): CIGNA Life assurance PHI Critical illness cover Medical insurance Dental insurance Gym membership Partner Capital Assisting the Partner Finance Manager and Partner Finance Accountants with administering and reconciling partner capital. This includes: Maintaining capital information packs/forms Administering the annual capital call Issuing capital information packs to lateral and progression candidates Reconciliation of the banks' interest charge Calculation of the additional entitlement Maintaining the monthly reconciliation Other responsibilities Preparation of income letters for partners in support of mortgage applications etc Maintaining partner information in Workday Preparation of ad hoc partner payments Assisting with the process for adding new partner bank accounts to payment systems including call backs to confirm details Assisting with the preparation of Partner cash flow statements Assisting with the preparation of Partner current account statements Tax Reporting, Processes & Controls Assisting the TRPC team as follows: Partner Tax reserve releases - arranging payments to partners and posting journals Tax computation - ledger analysis and review of output of AI tool Other Providing assistance to the Tax & Partner Finance team on ad hoc work or projects as required. Key Performance Indicators: Proactive assistance within the Tax & Partner Finance team Maintenance of accurate and clear data and reconciliations Proactive and clear communication of information to relevant stakeholders Qualifications, skills and experience: The successful candidate should have an initial tax or accounting qualification or should be currently studying (e.g. ATT, AAT, ACCA). Comprehension of basic accounting and journal entries (i.e. knowledge of double-entry bookkeeping) Intermediate MS Excel skills Team Business Finance Working Pattern Full time Location London Contract type Permanent Contract Diversity & Inclusion At Herbert Smith Freehills you will be part of a diverse, innovative culture where high performance, client focus and highly engaged people are our differentiator. People at our firm come from a range of backgrounds and bring a wide variety of experiences and perspectives to their work with us. We strive to ensure that our inclusive environment means you feel valued and able to perform at your best by being your authentic self at work. We know that our future success not only depends on being innovative and progressive in the changing legal market but, most importantly, on our people feeling highly engaged in meaningful work. We understand that you have commitments and personal interests outside of work and we strive to create a working environment based on mutual trust and respect, in which you can perform at your best whilst maintaining sustainable balance across your life.