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- Tasks: Lead financial reporting and controls for a dynamic law firm.
- Company: Join a rapidly growing, Private Equity backed Law Firm in Wolverhampton.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Be part of a culture that values compliance, transparency, and innovation in finance.
- Qualifications: Must have an associated finance qualification and 5+ years of relevant experience.
- Other info: Ideal for those looking to make an impact in the legal services industry.
The predicted salary is between 43200 - 72000 £ per year.
greenwellgleeson are recruiting for a Financial Reporting & Controls Manager to work with a rapidly growing, Private Equity backed Law Firm based in Wolverhampton.
Duties of the role will include:
- To prepare consolidated and entity level financial statements in compliance with accounting standards (UK GAAP) and Solicitors Accounts Rules
- To manage month end reporting activities, including balance sheet account reconciliations and cash flow analysis
- To oversee operational management of purchase ledger, fixed assets register, Payroll and VAT, PAYE, corporation tax control accounts
- To oversee cash management including handling of client funds, cash flow modelling and net working capital optimisation
- To use technical understanding of accounting principles to develop financial policies, strengthen controls, enhance governance practices, drive improvements in financial reporting processes
- To develop a financial risk and controls framework to improve identification, monitoring and reporting of financial risks and controls effectiveness
- To oversee and control the centralised accounting system to ensure that accounts and general ledger are effectively managed
- To coordinate corporation tax compliance with tax advisers and to prepare quarterly VAT return
- To manage debt covenant reporting including preparation of quarterly compliance certificates
- To coordinate and manage the external audit and Solicitors Regulation Authority accountants report
- To ensure the firm is fully compliant with Solicitors Accounts Rules
- To support preparation of accounting papers for the group’s Audit Committee
- To support the planning and integration of acquisitions into the finance environment
- To collaborate with finance colleagues and key stakeholders to promote a culture of compliance and transparency
- To evaluate procedures and technology solutions to improve the management of the finance function
- To recruit, train, supervise, develop and manage finance department staff
Skills, Requirements, Qualifications
- Associated finance qualification essential
- Second Mover from practice ideal
- 5+ years of experience in practice or legal services business
- Excellent technical knowledge of accounting standards and principles (FRS 102)
- Knowledge of Solicitors Accounts Rules beneficial
- Preparation of consolidated financial statements
- Experience of merger and acquisitions planning and integration beneficial
- Coordination and management of external audit
- Experience of managing & monitoring financial risks, controls & compliance reporting
- Experience in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
- Proficient with Microsoft applications
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing
Industries
Legal Services
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Financial Reporting & Controls Manager employer: greenwellgleeson Ltd
Contact Detail:
greenwellgleeson Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Reporting & Controls Manager
✨Tip Number 1
Make sure to familiarize yourself with UK GAAP and the Solicitors Accounts Rules. Understanding these standards will not only help you in the interview but also demonstrate your commitment to compliance and governance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the legal services sector, especially those who have experience in financial reporting and controls. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss your experience with financial risk management and compliance reporting in detail. Be ready to share specific examples of how you've improved financial processes or controls in previous roles, as this will be a key focus for the hiring team.
✨Tip Number 4
Research the firm’s recent activities, especially any mergers or acquisitions. Being knowledgeable about their current financial landscape will allow you to ask insightful questions during the interview and show that you're genuinely interested in contributing to their growth.
We think you need these skills to ace Financial Reporting & Controls Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Financial Reporting & Controls Manager position. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in financial reporting, compliance, and risk management. Use specific examples from your past roles that demonstrate your ability to handle the responsibilities outlined in the job description.
Showcase Technical Knowledge: Make sure to mention your technical knowledge of accounting standards (like UK GAAP and FRS 102) and any experience with Solicitors Accounts Rules. This will show that you have the necessary expertise for the role.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses how your skills and experiences align with the firm's needs. Mention your understanding of the legal services industry and your ability to improve financial processes and controls.
How to prepare for a job interview at greenwellgleeson Ltd
✨Showcase Your Technical Knowledge
Be prepared to discuss your understanding of UK GAAP and FRS 102 in detail. Highlight any specific experiences where you applied these standards in your previous roles, especially in preparing consolidated financial statements.
✨Demonstrate Your Risk Management Skills
Discuss your experience with financial risk management and controls. Provide examples of how you've developed frameworks for identifying and monitoring financial risks, as well as how you've improved compliance reporting in past positions.
✨Highlight Your Leadership Experience
Since the role involves managing a finance team, be ready to talk about your leadership style. Share examples of how you've recruited, trained, and developed staff, and how you've fostered a culture of compliance and transparency within your team.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, particularly in relation to cash flow management and operational oversight. Prepare scenarios where you've successfully handled challenges in these areas, demonstrating your analytical skills and strategic thinking.
