At a Glance
- Tasks: Join our cashiering team to manage financial records and transactions efficiently.
- Company: Shepherd and Wedderburn LLP is a leading law firm committed to diversity and inclusion.
- Benefits: Enjoy a supportive work environment with opportunities for growth and development.
- Other info: We encourage applications from diverse backgrounds and offer accommodations for applicants.
- Why this job: Be part of a dynamic team, contribute to meaningful work, and gain valuable finance experience.
- Qualifications: Experience in a Legal Finance role is preferred; attention to detail is essential.
The predicted salary is between 28800 - 43200 £ per year.
Our Finance team are looking for an experienced legal cashier to join our Edinburgh office.
The cashiering team is responsible for managing and maintaining the books and records of all Shepherd and Wedderburn LLP group companies to include all general ledger and client ledger transactions. Within this team, the Accounts Assistant will be expected to accurately and efficiently undertake all standard legal cashiering duties.
Responsibilities
- 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 various electronic banking platforms. This will also involve a thorough review to ensure all Anti-Money Laundering requirements have been met prior to processing payments.
- Process various accounting transactions to the firm’s financial management system including all payments, receipts, transfers and bill payments for both client & office accounts. This will also include disbursement transfers, bill reversals and third-party cheques as well as dealing with the firm’s bulk transactional uploads throughout the day.
- All opening, closing and day to day transactional movement in relation to the firm’s client designated bank accounts using relevant banking platform.
- Reviewing cheque requests and ensuring these are authorised in line with the firm’s internal policy and produced within the firm’s approved timescales.
- Carrying out all remedial action required on outstanding items as identified by the daily bank reconciliation process. This will include investigating and resolving any unmatched items, cancelling any cheques which are over 6 months old and returning unallocated funds as per the firm’s agreed internal procedures.
- Working directly with Directors/ Partners / Fee Earners and various other staff as required on all aspects of client or firm transactions.
- Preparation and submission of the firm’s regular cheque & cash banking.
- Running the firm’s monthly client account system interest calculator and any daily ad-hoc interest calculations that may be required from time to time.
- Electronically file all daily working documentation as required to ensure immediate access for regulatory audit purposes.
- Provide any required support during the completion of the firm’s annual audit cycle.
- Attending team meetings and contributing to any group discussions on cashroom procedures and ensuring all process documentation is kept up-to-date at all times.
- To assist with all ad-hoc departmental duties which way arise from time to time.
Accounts Assistant - Cashier employer: Shepherd and Wedderburn LLP
At Shepherd and Wedderburn LLP, we pride ourselves on being an exceptional employer that fosters a supportive and inclusive work environment. Our commitment to diversity and employee growth is reflected in our comprehensive training programmes and opportunities for advancement within the firm. Located in a vibrant area, we offer competitive benefits and a collaborative culture that encourages innovation and teamwork, making us an ideal place for those seeking meaningful and rewarding careers in legal finance.
Contact Details:
Shepherd and Wedderburn LLP Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Accounts Assistant - Cashier
✨Tip Number 1
Familiarise yourself with the specific legal cashiering duties mentioned in the job description. Understanding the nuances of tasks like processing electronic payments and managing client accounts will give you an edge during interviews.
✨Tip Number 2
Brush up on your knowledge of regulatory requirements such as HMRC VAT rules and The Law Society of Scotland Solicitors’ Accounts Rules. Being able to discuss these regulations confidently can demonstrate your preparedness for the role.
✨Tip Number 3
Network with professionals in the legal finance sector. Engaging with current or former employees of Shepherd and Wedderburn can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 4
Prepare questions that show your interest in the firm’s cashroom procedures and how they align with best practices. This not only shows your enthusiasm but also your proactive approach to understanding the role better.
We think you need these skills to ace Accounts Assistant - Cashier
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities of an Accounts Assistant - Cashier. Familiarise yourself with legal cashiering duties and compliance requirements to tailor your application effectively.
Highlight Relevant Experience:In your CV and cover letter, emphasise any previous experience in a Legal Finance role. Mention specific tasks you've handled that align with the job description, such as processing bank receipts or managing electronic payments.
Showcase Attention to Detail:Given the nature of the role, it's crucial to demonstrate your attention to detail. Use examples from your past work where you successfully managed financial records or resolved discrepancies, showcasing your ability to maintain accuracy.
Tailor Your Application:Customise your CV and cover letter for this specific position. Use keywords from the job description, such as 'Anti-Money Laundering' and 'bank reconciliation', to ensure your application stands out to the hiring team.
How to prepare for a job interview at Shepherd and Wedderburn LLP
✨Know Your Regulations
Familiarise yourself with the HMRC VAT rules and The Law Society of Scotland Solicitors’ Accounts Rules. Being able to discuss these regulations confidently will show that you understand the legal finance landscape and are prepared for the responsibilities of the role.
✨Demonstrate Attention to Detail
As an Accounts Assistant, accuracy is key. Be ready to provide examples from your past experience where your attention to detail made a difference, especially in processing transactions or managing records.
✨Prepare for Technical Questions
Expect questions about electronic payment systems like CHAPS, BACS, and FastPay. Brush up on how these systems work and be prepared to explain how you would handle various transactions using them.
✨Show Your Team Spirit
The role involves working closely with Directors, Partners, and Fee Earners. Be prepared to discuss how you’ve collaborated with others in previous roles and how you can contribute positively to team discussions and cashroom procedures.
