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Practice Group / Department:
Cashier Team - London
Job Description
We're Norton Rose Fulbright - a global law firm with over 50 offices and 7,000 employees worldwide. We provide the world’s preeminent corporations and financial institutions with a full business law service. At Norton Rose Fulbright, our strategy and our culture are closely entwined. We know that our expansion will mean little unless it is underpinned by truly global collaboration and we understand that pioneering work only takes place when our people have room to move and think beyond boundaries. As well as the relevant skills and experience, we're looking for people who are innovative, commercial and value the work that they do.
The Role
The UK Cashiering team sits within our Europe, Middle East and Asia (EMEA) Treasury function, reporting into the Cashier Team Leader. The UK Cashiering team is the Cashier Team Leader and two Legal Cashiers.
Cashiers are responsible for managing NRF UK’s cash receipting processes in accordance with the SRA Accounts Rules with some coverage provided for NRF’s non-UK EMEA offices. The Legal Cashier – Office (this role) is responsible for the day-to-day handling of the UK office bank accounts with cover provided for the Client accounts and supporting the Cashier Team Leader with other ad hoc activities.
Key Responsibilities
Key responsibilities include (but are not limited to) the following:
Execution, Reporting and Review
- Ensure client money is handled appropriately and in accordance with the Solicitors Accounts Rules
- Accurately allocate office and client receivables to the correct nominal or client matter code
- Accurately perform bill reversals and reallocations
- Identify and resolve any discrepancies in financial records
- Update the breach log with any breaches of the Solicitor Accounts Rules and NRF’s SRA policies
- Ensure all payment instructions are signed off in accordance with Norton Rose Fulbright’s mandate
- Process large value, urgent CHAPS, international payments, cash transfers and other payment types
- Prepare daily and month end bank reconciliations of office and client bank accounts ensuring they are signed off in accordance with the Solicitor Account Rules
- Review and analyse client accounts to identify residual client balances
- Follow company policy and procedures to ensure residual client balances are returned promptly
- Ensure all client cash including cheque receipts are banked promptly
- Maintain good record-keeping processes and carrying out general filing
- Assist Cashier Team Leader with any ad-hoc tasks as required
Support
- Where necessary liaise directly with credit management and compliance to ensure that funds are allocated in a timely manner according to the Solicitor Accounts Rules
- Learn the Client account cashier role to ensure the team has additional cover for holidays and sickness
- Maintain good communication with Partners and Fee Earners as to the status of client completion transactions
- Provide support in the development and implementation of financial policies and procedures
Skills And Experience Required
The individual should:
- Have a thorough understanding of the Solicitors Accounts Rules (Essential)
- Enjoy working collaboratively with a team, taking full ownership of individual deliverables
- Be self-motivated and self-disciplined, passionate about delivering continuous improvement with a customer service mindset
- Have outstanding communication skills, able to effectively operate across teams and influence key stakeholders
- Be a good problem solver with a process orientated mindset, methodical in approach with an “eye for detail”
- Ability to work under pressure, operating flexibly to cope with conflicting demands
Experience required for the role:
- Minimum of 2 years of cash management experience in an international business or similar role (required)
- Excel and other Microsoft tools (required)
- Educated to a degree level (beneficial)
- Worked with a SAP financial system (beneficial)
Diversity, Equity and Inclusion
To attract the best people, we strive to create a diverse and inclusive environment where everyone can bring their whole selves to work, have a sense of belonging, and realize their full career potential.
Our new enabled work model allows our people to have more flexibility in the way they choose to work from both the office and a remote location, while continuing to deliver the highest standards of service. We offer a range of family friendly and inclusive employment policies and provide access to programmes and services aimed at nurturing our people’s health and overall wellbeing. Find more about Diversity, Equity and Inclusion here.
We are proud to be an equal opportunities employer and encourage applications from individuals who can complement our existing teams. We strive to create an inclusive and accessible recruitment process for all candidates. If you require any tailored adjustments or accommodations, please let us know here.
