Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join the Partnership Accounting team to manage partner payments and financial planning.
- Company: A reputable law firm with a long-standing history and commitment to excellence.
- Benefits: Enjoy flexible working options and a supportive team environment.
- Why this job: Be part of a dynamic team that values innovation and accuracy in finance.
- Qualifications: 5+ years in accountancy; part or fully qualified accountant preferred.
- Other info: Refer a friend and earn £200 in shopping vouchers for successful placements!
The predicted salary is between 48000 - 72000 £ per year.
Job Description
NEW Senior Partnership Accountant role at one of my London based law firm clients. This will be the most senior person in the team on partnership accounting and while partnership accounts/ tax will be a key part of the role, it's unlikely to be full-time year-round. There are peak periods, but outside of those, the successful person could contribute in other areas-such as management accounting, statutory reporting, or broader finance projects-depending on their experience and interests.
My client is a single-site UK firm so the tax work isn't overly complex which means they don't need someone with lots of previous tax experience, if they are strong in partnership accounting. This role would suit someone who's looking to move beyond a purely technical partnership accounting role and take on a broader remit.
The firm would also be open to considering someone on a part-time basis.
Key responsibilities include:
Partnership & Tax Accounting
- Prepare partnership and corporate tax computations across all entities.
- Reconcile partners' current accounts, tax reserves, and capital accounts.
- Manage partner loans: new arrangements, uplifts, repayments, and interest servicing.
- Maintain partner tax reserves and accounts, including budgeting and reconciliations.
- Liaise with HMRC, external tax advisors, and manage payments.
- Oversee monthly drawings and ensure timely, accurate distributions.
- Prepare annual partner statements and retirement schedules.
Partner Support
- Respond to partner queries regarding drawings, benefits, and obligations.
- Liaise with HR on partner benefits and payroll technicalities (PAYE, NIC, BIK).
- Provide mortgage reference letters and retirement payment schedules.
- Ensure accurate processing of partner chargebacks.
Additional responsibilities could include:
- Assist with monthly management accounts (P&L, balance sheet, cash flow).
- Support year-end statutory accounts preparation and audit schedules.
- Maintain financial records and perform monthly/annual closings.
- Provide technical input into capital allowances and dormant company filings.
Experience needed:
- Qualified accountant with several years' experience in partnership accounting or tax.
- Background in legal finance or professional services is essential.
- Strong Excel skills (pivot tables, data extraction, reporting).
- Experience with Aderant is a plus.
- Detail-oriented with excellent analytical and problem-solving skills.
- Proactive, flexible, and able to manage tight deadlines.
- Strong communication skills and ability to work independently.
If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply. https://refer-a-friend
Senior Partnership Accountant employer: Ambition Europe Limited
Contact Detail:
Ambition Europe Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Partnership Accountant
✨Tip Number 1
Network with professionals in the legal and accounting sectors. Attend industry events or webinars where you can meet people who work in partnership accounting, as they might provide insights or even refer you to opportunities.
✨Tip Number 2
Familiarise yourself with Elite 3E software, as it's mentioned in the job description. If you can demonstrate your knowledge or experience with this system during interviews, it will set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with budgeting and cash flow forecasting. Be ready to share specific examples of how you've successfully managed these processes in previous roles, as this is a key responsibility of the position.
✨Tip Number 4
Showcase your proactive mindset by thinking of ways to improve existing processes. During interviews, suggest potential improvements based on your past experiences, which will demonstrate your initiative and problem-solving skills.
We think you need these skills to ace Senior Partnership Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in partnership accounting and professional services. Emphasise your skills in managing partner payments, budgeting, and cash flow forecasting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the firm. Mention your proactive mindset and how you can contribute to improving existing processes within the Partnership Accounting team.
Highlight Relevant Skills: In your application, specifically mention your advanced Microsoft Excel proficiency and attention to detail. Provide examples of how you've used these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Ambition Europe Limited
✨Showcase Your Technical Skills
As a Senior Partnership Accountant, you'll need to demonstrate your advanced Microsoft Excel proficiency. Be prepared to discuss specific functions or tools you've used in previous roles, and consider bringing examples of reports or analyses you've created.
✨Highlight Your Attention to Detail
This role requires exceptional attention to detail. During the interview, share examples of how your meticulous nature has positively impacted your previous work, especially in managing partner payments or reconciling accounts.
✨Discuss Your Proactive Mindset
The firm values a proactive approach to improving processes. Prepare to discuss instances where you've identified inefficiencies and implemented changes that enhanced workflow or accuracy in financial reporting.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world scenarios, such as managing capital calls or responding to audit queries. Think through your past experiences and be ready to explain your thought process and actions taken in those situations.
