At a Glance
- Tasks: Ensure financial control and compliance while safeguarding client funds in a regulated environment.
- Company: Join a leading legal services firm committed to integrity and excellence.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Collaborative culture with a focus on continuous improvement and team development.
- Why this job: Make a real impact on financial integrity and client trust in a dynamic team.
- Qualifications: Fully qualified ACA, ACCA, CIMA or equivalent with experience in financial reconciliations.
The predicted salary is between 45000 - 55000 ÂŁ per year.
Purpose
Responsible for ensuring the highest standards of financial control and regulatory compliance, including the safeguarding of client funds within an SRA‑regulated environment. The role ensures that all processes and controls within Finance Operations are designed and operated in strict compliance with the Solicitors Accounts Rules, accounting standards, and internal policies. Through proactive monitoring, continuous improvement, and effective challenge, the role plays a critical part in protecting client funds, managing regulatory and financial risk, and maintaining the integrity and trust required of a regulated legal services business.
Reports to
Finance Business Partner
Line Manager of
5 direct reports
Contribution
- Financial Control – Production and oversight of complex balance sheet reconciliations, client bank reconciliations and supplier reconciliations. Identifying discrepancies, investigating root causes, and proactively implementing effective corrective actions.
- Period End Accounting – Responsibility for period‑end closure in the case management system and posting of period‑end journals into the group accounting system.
- Process Management – Ensure that all daily, weekly and monthly processes are completed in adherence to both external regulation (Solicitors Accounts Rules) and internal policies, effectively managing the short‑ and long‑term workload of the team.
- Regulatory Control – Periodic reporting and review of the performance of controls, including identification and escalation of potential Accounts Rules breaches, with a strong focus on continuous improvement.
- External Audit – Lead on the external Solicitors Accounts Rules audit, ensuring deliverables are completed to agreed timelines.
- Regulatory Compliance – Ensure best practice is applied across the finance operation and that procedures and controls comply with SRA rules and relevant accounting standards.
- Banking – Work closely with Treasury to manage all aspects of client and office account banking, ensuring appropriate authorised signatures, mandates and system access are maintained. Lead regular service review meetings with banking partners.
- Technical Expertise – Provide technical advice and guidance to senior management and operational leaders, sharing expertise to support effective decision‑making and the development of new or enhanced processes.
- Team Management – Lead, coach and develop the team to support high performance, ongoing growth, and continued professional development.
Behaviours
- Forging Relationships – Works collaboratively with colleagues at all levels across the business and with key contacts within Group Finance.
- Inspirational Communicator – Communicates complex financial and regulatory matters clearly and concisely, providing meaningful insight to support strategic and operational decision‑making.
- Future‑Focused – Continuously develops the control environment and reporting capabilities to enhance the integrity and quality of financial reporting.
Empowered to
- Work independently with external auditors and across Group Finance, supporting strategic decision‑making through the provision of timely, accurate and well‑controlled financial information.
- Take initiative to identify and implement improvements to ways of working within the finance function and the wider business.
Capabilities
- Fully qualified ACA, ACCA, CIMA or equivalent.
- Proven experience of balance sheet reconciliations, identifying discrepancies, investigating root causes & period end accounting.
Locations
Management Accountant in Newport, Wales employer: Lorien
Contact Detail:
Lorien Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Management Accountant in Newport, Wales
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in legal services. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Solicitors Accounts Rules and financial compliance. We want you to be the go-to person for any questions they throw your way!
✨Tip Number 3
Showcase your technical expertise during interviews. Bring examples of how you've improved processes or handled discrepancies in the past. This will demonstrate your proactive approach and problem-solving skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are keen to join us directly.
We think you need these skills to ace Management Accountant in Newport, Wales
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Management Accountant role. Highlight your experience with financial control, regulatory compliance, and any relevant qualifications like ACA, ACCA, or CIMA.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of how you've managed financial processes, led teams, or improved compliance in previous positions.
Showcase Your Technical Expertise: Don’t forget to mention your technical skills! We want to see your knowledge of balance sheet reconciliations and period-end accounting. Be clear about how you’ve applied these skills in real-world scenarios.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Lorien
✨Know Your Numbers
As a Management Accountant, you'll need to demonstrate your financial acumen. Brush up on key financial concepts, especially those related to balance sheet reconciliations and period-end accounting. Be ready to discuss specific examples from your past experience where you identified discrepancies and implemented corrective actions.
✨Understand Regulatory Compliance
Familiarise yourself with the Solicitors Accounts Rules and any relevant accounting standards. During the interview, show that you understand the importance of regulatory compliance in safeguarding client funds. You might even want to prepare a few questions about how the company ensures compliance within their finance operations.
✨Showcase Your Leadership Skills
Since this role involves team management, be prepared to talk about your leadership style. Share examples of how you've coached and developed your team in the past. Highlight any initiatives you've taken to improve team performance or processes, as this will resonate well with the interviewers.
✨Communicate Clearly
As an inspirational communicator, it's crucial to convey complex financial matters simply and effectively. Practice explaining financial concepts in layman's terms, as you may need to do this with colleagues at various levels. This skill will not only help you in the interview but also in your future role.