Partner Finance Accountant - 12 month FTC

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.