Legal Finance Assistant
£25000 - £35000/annum
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To manage the day-to-day accounting needs of the solicitors firm, by assisting the team in respect of invoicing, completions statements and the monthly reconciliation statement of the client accounts in accordance with the SRA accounting rules.
To assist the team with any matters in relation to management and financial accounting with regards to the overall running of the practice.
Financial Manager responsibilities in line with the SRA accounting rules.
. Overall responsibility for the financial management of the day-to-day accounts in line with the SRA for the office of …..
. Prepare financial reports as requested by the Directors
. Assist with LEXCEL and CQS audits annually
. Maintain cash flow by reviewing banking activity and reconciling monthly statements
in accordance with the SRA accounting rules.
. Develop and interpret databases and financial models as required
. Establish, monitor and achieve company financial goals and report any SRA breaches of the accounting rules. Minor to be recorded on the firm own reports whilst major to MUST be reported to the SRA.
. Manage company budget to maximise revenue and identify potential areas of cost savings and review budget planned -v- expected monthly and evaluate variances
. Promote continual process improvements in specified budget areas and to assist the financial account through the year in keeping accurate management accounts
. Implement report production, productivity and quality standards where no systems are in place. Where systems are in place look for areas of continual improvement.
. Process and prepare financial and business forms for the purpose of checking account balances, facilitating purchases, etc….
Finance Assistant Job Duties:
. Record cash received on a daily basis from bank statements onto Leap records - making sure source of funds checks are complied with and AML compliant
. Manage 5 weeks cash reconciliation statements in accordance with SRA rules
. Prepare weekly records of funds transfers from client to office
. Perform routine calculations to produce analyses and reports as requested by the finance director
Help oversee and manage individual client accounts as required
Create, send, and follow up on invoices
Review and adhere to department budgets
Collect and enter data for various financial spreadsheets
Review and audit financial statements and reports, ensure all calculations and data entries are correct
Reconcile any discrepancies or errors identified by conversing with employees and/or clients
Report any troubling discoveries or suspicion of wrongdoing to the proper authorities
Assist the financial director in creating financial management reports on a regular basis
Adhere to the company's or organisation's financial policies and procedures
Answers question and provide assistance to stakeholders, customers, and clients as needed
Attend finance department and company-wide meetings, sometimes assisting with financial reporting to managers and senior executives
Suggest changes or improvements to increase accuracy, efficiency, and cost reductions.
Assist with the annual renewal of any compliance matters such as Lexcel and CQS
but not limited to the above.
Assist the staff with invoices and billing
Assist with the preparation of completion statements for property transactions when necessary
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