Senior Accountant - Partner Affairs & Tax

£65,000 - 70,000

Wednesday 31 May 2023

Ref: 602

This is a great opportunity for a Qualified Accountant who has worked within a Professional Services/Partner environment who is looking for a supervisory/management position that offers international and group exposure and is partner facing. 

Who they are looking for:

  • Qualified accountant – ICAEW, ICAS or ACCA preferred.
  • Professional Services / Legal Sector experience.
  • A good working knowledge of Microsoft Office, Excel in particular is essential. 
  • Experience of 3E or similar accounting software.

Role overview
The Senior Accountant (Partner Matters & Tax) will have primary responsibility for supervising, reviewing, and controlling the accuracy of the accounting relating to partners’ financial involvement in the firm. 

The role involves ensuring that the recording and reconciliation of financial payments made to and on behalf of partners are calculated and accurately recorded in the accounting system, are up-to-date, and reconciled including tax payments and tax reserve calculations and will include the preparation of information for the firm’s group management accounts, global and partner profitability calculations and cashflow planning.

The role is very hands on and requires extensive interaction with stakeholders across the global business, including global finance teams, partners and business support teams. It also involves extensive interaction with the Firm’s bankers. The role is high profile with senior leadership and firm’s partners.

Key accountabilities:
•To ensure that the following are accurate, on time, correctly recorded and fully reconciled in the general ledger system (3E) the individual will manage the following processes:

a) Partners’ financial data (eg monthly drawings, quarterly distributions, bonuses, pensions, annuities, tax reserve releases and other retirement payments, other deductions and ad hoc payments, capital subscriptions, etc).
b) formulaic tax reserve calculations and ledger postings (eg responsible for the calculations based on partner compensation, postings in the general ledger and periodic reconciliations);
c) Tax reserves reconciliations (eg oversee the process of reviewing the partners reserves for the accounting year, the tax that has paid from those reserves and explaining and gaining comfort on the balances due to the partners);

In addition, the Senior Accountant (Partner Matters & Tax) will:
•Supervise of the Partner Matters Accounts Assistant and Tax Accountant
•Ensure that the financial reporting requirements of the Tax & Partner Matters department are fulfilled including timely preparation of projected tax payment forecasts, including changes brought about by way of basis period reform, partner distribution payments, and forecasting the resulting cashflow requirements.
•Review the accounts and allocations matrices used in the preparation of the partner taxable profit allocations.
•Work with finance and tax colleagues toward the implementation of accounts reporting requirements necessary under Pillar II, maintaining and preparation of such returns on an ongoing basis into the future.
•Liaise with the Director of Partnership Affairs in relation to partner lateral hires and retirements, reviewing associated correspondence and providing cashflow forecasts and projections to partners affected by this change.
•Attend to queries from partners and external advisers and suppliers as they arise.
•Spot opportunities to create efficiencies between the recently combined Tax and Partner Matters team and suggest improvements to the accounting processes within the department.  

They offer an excellent benefits package, Hybrid working (3in office) and work life balance.

 

 

Equal Opportunities

As a responsible business, it is important that we represent the diversity of our people, our clients and our communities. We believe that the firms that thrive are those with the most diverse team; that's why we work so hard to source the best talent from the broadest pool possible. As an equal opportunities employer we strive to accommodate anyone who may have specific needs. If you require reasonable adjustments to be made during the selection process, please talk to a member of the recruitment team so that any required adjustments can be made in advance.