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For Companies At a Glance
- Tasks: Join our cashiering team to manage financial records and transactions efficiently.
- Company: We are a reputable legal firm committed to compliance and excellence in finance.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, gain valuable experience, and contribute to meaningful client transactions.
- Qualifications: Experience in a Legal Finance role is essential; attention to detail is a must.
- Other info: Opportunity to work closely with Directors and Partners, enhancing your professional network.
The predicted salary is between 36000 - 60000 £ per year.
The cashiering team is responsible for managing and maintaining the books and records of the group\’s companies, including all general ledger and client ledger transactions.
The objectives of the Accounts Assistant (Legal Cashier) include, but are not limited to, all duties outlined in this document, while ensuring compliance with all relevant regulatory requirements (HMRC VAT rules, The Law Society of Scotland Solicitor\’s Accounts Rules, and The Solicitors Regulation Authority Accounts Rules).
The ideal candidate will have experience in a Legal Finance role.
The Role
You will be expected to accurately and efficiently undertake all standard legal cashiering duties, including but not limited to:
- Allocating and processing all bank receipts (Client & Office Account).
- Reviewing and setting up all electronic payment types (CHAPS, BACS, FastPay & International) on the firm\’s electronic banking platforms, ensuring compliance with Anti-Money Laundering requirements before processing payments.
- Processing various accounting transactions in the financial management system, including payments, receipts, transfers, and bill payments for both client and office accounts. This also includes bill reversals, third-party cheques, and handling bulk transnational uploads.
- Managing all opening, closing, and day-to-day transnational movements related to client designated bank accounts using relevant banking platforms.
- Reviewing cheque requests to ensure they are authorised in line with internal policies and produced within approved timescales.
- Carrying out remedial actions on outstanding items identified by the daily bank reconciliation process, including investigating unmatched items, cancelling cheques over six months old, and returning allocated funds as per agreed internal procedures.
- Working directly with Directors, Partners, Fee Earners, and other staff on all aspects of client or firm transactions.
- Preparing and submitting regular cheque and cash banking.
- Running the monthly client account system interest calculator and any daily ad-hoc interest calculations as required.
- Electronically filing all daily working documentation to ensure immediate access for regulatory audit purposes.
- Providing support during the annual audit cycle.
- Attending team meetings and contributing to discussions on cashroom procedures, ensuring all process documentation is kept up-to-date.
- Assisting with any ad-hoc departmental duties as they arise.
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Legal Cashier employer: LJ Recruitment
Contact Detail:
LJ Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Cashier
✨Tip Number 1
Familiarise yourself with the specific legal finance regulations and compliance requirements, such as HMRC VAT rules and The Law Society of Scotland Solicitor's Accounts Rules. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in legal cashiering or finance roles within law firms. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Showcase your proficiency with electronic banking platforms and financial management systems during your conversations. Being able to discuss your experience with CHAPS, BACS, and other payment types will set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by practising scenarios related to bank reconciliations and handling outstanding items. Demonstrating your problem-solving skills in these areas can significantly enhance your chances of landing the job.
We think you need these skills to ace Legal Cashier
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Legal Cashier position. Understand the key responsibilities and required skills, such as experience in legal finance and compliance with regulatory requirements.
Tailor Your CV: Customise your CV to highlight relevant experience in legal cashiering or finance roles. Emphasise your familiarity with accounting transactions, electronic payment systems, and compliance with regulations like HMRC VAT rules.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and your understanding of the legal finance sector. Mention specific experiences that demonstrate your ability to manage client and office accounts effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for a Legal Cashier.
How to prepare for a job interview at LJ Recruitment
✨Know Your Regulations
Familiarise yourself with HMRC VAT rules, The Law Society of Scotland Solicitor's Accounts Rules, and The Solicitors Regulation Authority Accounts Rules. Being able to discuss these regulations confidently will show your understanding of the legal finance landscape.
✨Demonstrate Attention to Detail
As a Legal Cashier, accuracy is key. Prepare examples from your past experience where your attention to detail made a significant impact, especially in processing transactions or managing accounts.
✨Showcase Your Technical Skills
Be ready to discuss your experience with electronic banking platforms and financial management systems. Highlight any specific software you’ve used and how you ensured compliance with Anti-Money Laundering requirements.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, such as how you would handle unmatched items during bank reconciliation. Think through your approach to these scenarios beforehand to demonstrate your critical thinking abilities.
