Head of Finance

We\’re currently working with a client based near Wetherby looking for a Head of Finance. The role is focused on providing accurate, timely, and efficient management accounts and legal cashiering services to the business.

Responsibilities

• Management of accounts team and functions, including two part-time members of staff.

Management Accounts

• Production of monthly financial reports (profit and loss, balance sheet, cash flows, budgets) to include processing:
• Bank and control account reconciliations between various systems
• Posting of month-end journals
• Monthly work in progress analysis and adjustments in accounts software
• Timely reporting to Directors on at least a monthly basis
• Production of VAT returns and online submission

Legal Cashiering

• Posting and management of client accounts
• Assisting with clients\’ funds, including source of funds and completions
• Bank reconciliation on office and client bank accounts
• Monitoring of accounts for compliance with Solicitors’ Accounts Rules
• Assist team with billing clients
• Raise and send invoices to clients and manage monthly billing, including assisting clients on billing queries.
• Monitor Accounts Receivable and instigate Credit Control, as required.
• Assisting and supervising finance staff with purchase ledger process which includes:
• Processing and analysing supplier invoices, as required
• Aged credit reporting
• Supplier analysis
• Approving invoices for payment, weekly
• Setting up regular payments as direct debits
• Setting up of bank payments through online banking
• Payments as required for the payment of bills and payment requests
• Calculation of consultant commissions and produce self-billing invoices
• Negotiation of prices/terms of contracted services from suppliers
• Procurement management

Banking

• Managing bank relationships
• Processing and approving payments
• Setting up direct debit mandates
• Payment of staff salaries and expenses

Time Management & Reporting

• Maintenance of fee earner rates
• Development and maintenance of accounts processes
• Production of weekly and monthly time reports for chargeable staff (shows all time recorded on system per fee earner)

Systems & Processes

• Continual review of systems, processes, and software
• Recommend improvements and efficiency gains
• Train staff on new systems and processes

Ad Hoc Duties

• Preparing and gathering all data for external year-end accounts and SRA audit
• Training staff
• Archiving
• Insurance renewals
• Any other duty seen which is a natural extension of usual financial management and cashiering duties as required to fulfil the main role

Communication

• Work collaboratively with the team, including staff members at all levels of experience and knowledge
• Cultivate relationships with the team
• Adhere to company policies and procedures, and health and safety procedures at all times.
• Support the development and implementation of company policies and procedures, and health and safety procedures at all times.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Accounting/Auditing

Industries

Human Resources Services and Accounting

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