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Partnership Accountant

  • Job Type :

    Contract

    Full-Time

  • Salary : Competitive Salary + Full Benefits Package

Our International Law firm client is looking to recruit a new Partnership Accountant into their London office on an initial 18-month contract. This role will sit within the central management team of the firm. Candidates will be responsible for accounting and reporting of partnership profit, tax reserves, payments, and capital on a partner-by-partner basis for all, across multi-jurisdictions and multi- currencies. This role will sit directly with the Partnership Accountant and the Director of Partnership Affairs and can provide an excellent opportunity for a proactive individual development in this area.

 

Candidates will be expected to assist the Director of Partnership Affairs and act as their deputy when required. This will involve project management, maintain and creating accounting and reports of profits and other key business areas, and ensuring the firm stays compliant with tax obligations across all offices. Candidates will also be required to carry out a range of other duties that include but are not limited to:

 

  • Developing and maintaining the accounting and reporting of partner profits, drawings, distributions, tax retentions, benefits and capital contributions in collaboration with the Director of Partnership Affairs
  • Maintaining accurate and up to date records of the balances due to and from each partner, partner statements and distribution schedules and profit allocation spread sheets.
  • Overseeing the work of the Assistant Partnership Accountant, setting priorities and reviewing output.
  • Collaborating with the Finance Reporting team to develop and maintain a general ledger coding and structure for partner distribution and tax accounts.
  • Delivering reconciled and accurate core partner related financial balances to the firm’s accounting systems.
  • Preparing draft tax computations for the firms’ entities and resolving any queries.
  • Ensuring Partners’ tax affairs are properly recorded and pro-actively managed.
  • Assisting with international profit allocations and liaising with overseas offices on tax implications.
  • Reviewing and proposing allocations of tax advisors’ fees.
  • Liaising with the firm’s bankers to resolve questions on partner capital loans .
  • Mustering partners to supply the required information for capital loans and partner tax .
  • Liaising with the firm’s Payroll Manager to ensure accurate partner drawings and distribution payments.

 

Candidates must have a minimum of at least 7+ years’ experience in tax or accounting with a legal or similar professional services environment, as well as having studied or partially studied for a formal qualification (ATT, ACCA, CIMA, or similar). Experience dealing with senior stakeholders and tax issues is key to this role along with good computer literacy. Standard hours for this role are 9:30am- 5:30pm. Salary on offer is generous and dependent on experience.