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Overall Purpose
- To ensure that all day-to-day transactions and cashiering duties, across all client and office accounts, are processed accurately and within appropriate deadlines.
- To assist the Finance Director in ensuring that the firm's policies and procedures comply with all appropriate standards, including SAR and AML regulations, as set out by the Law Society.
- To ensure that the firm's accounting procedures are adhered to and that fee earners are kept informed of relevant matters and receive information in a timely fashion.
- To ensure that ongoing training and support is provided to all members of the firm on the firm's accounting procedures and Solicitors Accounts Rules (SAR).
- To ensure that contact with clients or other external parties meet the firm's standards of client care.
Main Responsibilities And Duties Include
- The development and oversight of a cashiering team, including staff recruitment, reviewing staff levels, cashier training, development, and appraisal.
- The implementation of existing and development of new processes, focusing on efficiency, identifying and applying process improvements where required.
- Involvement in firmwide projects to review and improve processes which include a Finance function.
- Legal cashiering and compliance to include recording client and office transactions accurately and adherence to the Firms SLA.
- To ensure awareness of the Firm's financial policies, procedures, and controls to all new starters.
- The on-going provision of advice and training to fee earners and teams on procedure and best practice.
- To ensure that a Senior member of accounts is represented at other departmental meetings.
- Oversight of daily bank reconciliations.
- Oversight of month end procedures.
- Assistance with financial management reporting as required.
- Support the preparatory work for the annual audit of accounts.
Other Tasks
- Carrying out any other reasonable tasks as might be required from time to time.
Training
Leigh Day will provide training relating to
- this role
- office technology
- IT
in order to enable you to offer- and deliver- a high quality, efficient and cost-effective service in cashiering and business support.
Performance Measured By
- Timeliness of response to requests.
- Efficiency in dealing with work and accuracy in work produced. Ability to work on own initiative, maintaining a flexible, responsive and responsible attitude.
- Personal development and contribution to the overall objectives of the Firm.
- Good attendance and timekeeping.
Key Requirements
The successful candidate will have extensive cashiering experience, ideally as an Accounts Manager, gained within a law firm and must be able to demonstrate:
- Relevant accounting or Legal Finance qualifications. ACCA, CIMA or ILFM.
- An in-depth knowledge of the Solicitors Accounts Rules to ensure compliance with the regulations.
- Strong understanding of financial principles.
- Proven experience in client account management, reconciliations and month-end closing.
- Minimum experience of 3-5 years of work in a similar role within a law firm.
- Excellent organisational and time management/efficiency skills.
- Clear and concise written and oral communication.
- Experience of managing a team effectively.
- A track record of identifying, communicating and delivering process improvements.
- Elite 3e experience would be beneficial.
Key competencies
- A proactive approach with a can-do attitude.
- Ability to prioritise, meet deadlines and work well under pressure.
- The ability to work successfully as part of a team; sharing knowledge, liaising with and supporting members of the wider Accounts & Finance department to resolve queries and other matters that arise.
- A flexible approach with adaptability to change and willingness to take on additional duties as the business evolves.
- An analytical viewpoint with the ability to suggest enhancements or changes to current processes if needed.
- Appetite and aptitude for continuous learning and improvement.
