- To ensure Partner Finance delivers a consistent, seamless service to partners globally.
Core responsibilities
Supervisory aspects
- Supervision of the Tax & Partner Finance Assistant in relation to their Partner Finance responsibilities.
- Help contribute to a collegial, supportive and enjoyable environment in which to work where team members feel they are being developed to enhance their contribution to the Firm.
Partner payments
- Preparation of relevant workings and paperwork required to deliver Partner remuneration efficiently.
- Ensuring all payments to ROW partners are made in a coordinated and timely manner and have been subject to appropriate approval. This includes:
- Recording and communicating the lock-up incentive scheme results
- Quarterly drawings
- Distributions
Partner Capital
- Administering and reconciling partner capital. This includes:
- Maintaining capital information packs/forms
- Administering the annual capital call
- Issuing capital information packs to lateral and promotion candidates
- Reconciling the quarterly interest charge
- Calculating the additional entitlement
- Maintaining the monthly reconciliation
Cashflow forecasts
- Preparation and distribution of individual cashflow statements for partners.
- Provision of timely, accurate information for management - for example, distribution forecasts and partner cash flow forecasts
Monthly reconciliations, reports & surveys
Preparation of:
- Member Drawings & Current Account Reconciliations
- Member Equivalent Drawings & Current Account Reconciliations
- Sundry Debtor Reconciliation
- Benefits & Allowances Reconciliation
- Foreign exchange and system currency journals
- Payment Schedule for Banking
- Provision of partner statistics to stakeholders
- Surveys
- Maintaining partner information in Workday
Other Partner Finance responsibilities
- Processing partner recharges including:
- CIGNA
- Life assurance
- PHI
- Critical illness cover
- Medical insurance
- LLP Fund
- Documenting and administering partner foreign exchange elections
- Administering ad-hoc payments (e.g. sabbatical, allowances, capital repayments)
- Fielding queries from key stakeholders
Year-end
- Preparation and distribution of individual current account statements for partners and associated loan notes
- Provision of information to the TRPC team for UK tax computation in relation to unpaid salaries
- Responding to audit queries
- Preparation of the member allowances journals
Finance & Accounting
- Developing and maintaining strong relationships with Business Finance stakeholders.
- Consideration of local accounting, group accounting and related tax, foreign exchange and partner remuneration issues.
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Partner Finance Accountant - 12 month FTC in City of London employer: Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP is an exceptional employer located in the vibrant City of London, offering a dynamic work culture that fosters collaboration and innovation. Employees benefit from comprehensive training programs and clear pathways for career advancement, alongside a supportive environment that values work-life balance and professional development. With a commitment to excellence and a focus on employee well-being, this law firm stands out as a rewarding place to build a meaningful career.
Contact Details:
Herbert Smith Freehills Kramer LLP Recruitment Team
