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- Posted 11 July 2024
- Salary£40000 - £50000 per annum
- LocationCity of London
- Job type Permanent
- DisciplineFinance & Accounting
- Reference274595_1720689589
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Assistant Partnership Accountant
A top UK law firm are looking for an Assistant Partnership Accountant to join their finance team and sit within the Partnership & Tax team.
Some of your responsibilities as the Assistant Partnership Accountant will include -
- Calculation and or review of partners monthly drawings.
- Ad-hoc partner payments.
- Review of partner "Joiner / Leaver" checklist and partners database
- Posting ad-hoc and year-end journals to Elite 3E practice management system.
- Supervising the maintenance and updating various interlinking spreadsheets relating to partners' records and remuneration.
- Analysing partner data with available systems and producing ad hoc reports to senior management.
- Creating new spreadsheets for reporting and efficiencies.
- Deal with partners, management team and international branch accountant on queries.
- Development of new spreadsheets for partner finance function.
- Reconciliation and analysis of individual partners' current, capital and tax suspense accounts.
- Preparing year-end partner financial statements.
- Various year-end partners tax calculations.
- Review and sign-off of worldwide reconciliation and payment schedule submission from international branches.
- Manage the partner drawings process and reconciliations in London
- Assist with International Drawings Process - including regular reconciliations and queries.
- Assist with management of international branch accountants on processes, policies and accounting for partner transactions, including assisting with GL enquiries and reporting from Elite 3E.
- Running monthly reports on partners' performance data for circulation and to use for calculating payments due to partners.
- Payment of partners' pension releases and other ad hoc payments to partners.
- Maintain, setup and review of worldwide partner information on Elite 3E.
- Run reports and check consultants' keys payment terms against reports and provide reports to management for approval, including setting up bespoke calculations for different terms.
- Reconciliation of partners' capital.
- Assist in the preparation of undrawn profit distributions payment schedules.
- Assist in the preparation of FSP bonus payment schedules.
- Post, administer and reconcile partners' tax payments.
- Maintain and update partners' remuneration spreadsheets.
- Assist with process of partner capital subscriptions.
- Prepare annual analysis of partners tax suspense accounts.
- Assisting with the preparation of various worldwide year-end partner calculations.
- Assisting with reconciliation of annual partners current account.
- Assist with calculation of partner tax reserves and reconciliation of reserves versus actual at year-end.
To be successful in this Assistant Partnership Accountant position you must have -
- Experience in partner remuneration, distribution of drawings, and tax ideal
- Proficiency in Microsoft Office Excel and Word. Advanced Excel ideal, ie. Macros, nested IF statements, Pivot Tables, complex formulae
- VBA skills advantageous
- Experience in using different legal software, ie Elite 3E, Aderant
- Understanding double entry accounting
- Able to read and analyse General Ledger Transactions
- Understanding accounting terminology
- Excellent attention to detail
- Excellent communication skills - both verbal and written
- Good organisational skills with the ability to prioritise conflicting demands
- Fast learner who is able to adapt
- Strong team player who understands team goals and expectations
If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply. https://www.ambition.co.uk/refer-a-friend
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