Partner Finance Accountant - 12 month FTC

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals.

Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years.

As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs.

At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas.

We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.

All of this is achieved by supporting the growth of our people, who help us deliver on our ambition – which is to help you achieve yours.

Herbert Smith Freehills Kramer: Your goals. Our ambition

The Opportunity

Primary responsibility

Global Partner Finance

- Assisting the Partner Finance Manager:
- To ensure Partner Finance delivers a consistent, seamless service to partners globally.

Core responsibilities

Supervisory aspects

- Supervision of the Tax & Partner Finance Assistant in relation to their Partner Finance responsibilities.
- Help contribute to a collegial, supportive and enjoyable environment in which to work where team members feel they are being developed to enhance their contribution to the Firm.

Partner payments

- Preparation of relevant workings and paperwork required to deliver Partner remuneration efficiently.
- Ensuring all payments to ROW partners are made in a coordinated and timely manner and have been subject to appropriate approval. This includes:
- Recording and communicating the lock-up incentive scheme results
- Quarterly drawings
- Distributions

Partner Capital

- Administering and reconciling partner capital.  This includes:
- Maintaining capital information packs/forms
- Administering the annual capital call
- Issuing capital information packs to lateral and promotion candidates
- Reconciling the quarterly interest charge
- Calculating the additional entitlement
- Maintaining the monthly reconciliation

Cashflow forecasts

- Preparation and distribution of individual cashflow statements for partners.
- Provision of timely, accurate information for management – for example, distribution forecasts and partner cash flow forecasts

Monthly reconciliations, reports & surveys

Preparation of:

- Member Drawings & Current Account Reconciliations
- Member Equivalent Drawings & Current Account Reconciliations
- Sundry Debtor Reconciliation
- Benefits & Allowances Reconciliation
- Foreign exchange and system currency journals
- Payment Schedule for Banking
- Provision of partner statistics to stakeholders
- Surveys
- Maintaining partner information in Workday

Other Partner Finance responsibilities

- Processing partner recharges including:
- CIGNA
- Life assurance
- PHI
- Critical illness cover
- Medical insurance
- Dental insurance
- Gym membership
- LLP Fund
- Documenting and administering partner foreign exchange elections
- Administering ad-hoc payments (e.g. sabbatical, allowances, capital repayments)
- Fielding queries from key stakeholders

Year-end

- Preparation and distribution of individual current account statements for partners and associated loan notes
- Provision of information to the TRPC team for UK tax computation in relation to unpaid salaries
- Responding to audit queries
- Preparation of the member allowances journals

Finance & Accounting

- Developing and maintaining strong relationships with Business Finance stakeholders.
- Consideration of local accounting, group accounting and related tax, foreign exchange and partner remuneration issues.

Team
Business Finance

Working Pattern
Full time

Location
London

Contract type
Fixed Term Contract

Diversity & Inclusion

We are committed to attracting people from all backgrounds and creating a respectful and inclusive culture where everyone thrives. We see this as essential to our success, including our ability to innovate and achieve sustained high performance. This is a key part of our Values—Human, Bold, and Outstanding.