At a Glance
- Tasks: Oversee financial operations and ensure compliance with Solicitors Accounts Rules.
- Company: Join a high-growth professional services group supporting the insurance industry.
- Benefits: Enjoy a competitive salary, enhanced pension, performance bonuses, and flexible working.
- Other info: Opportunity for career growth in a supportive and collaborative team.
- Why this job: Make a real impact in a dynamic legal environment while driving financial excellence.
- Qualifications: ILFM qualification preferred; experience in legal finance management is essential.
The predicted salary is between 50000 - 60000 £ per year.
We are looking for a Legal Finance Manager, within Legal Services - QGLaw.
Closing Date: Company QGLaw Ltd
Role: Legal Finance Manager
Type: Full Time
Location: Based at Birmingham office – hybrid working available
A high growth and well regarded professional services group supporting the insurance industry is seeing significant expansion in its Legal firm and is consequently seeking a talented Finance Manager to add to the team. Reporting into the COFA (Compliance Officer for Finance and Administration) you will also engage with the wider operational senior leadership across the firm, and with the finance team of the wider group. This key role involves overseeing the legal firm’s financial operations, ensuring robust financial controls and processes, whilst ensuring strict compliance with the Solicitors Accounts Rules (SAR). This is an excellent opportunity for someone who thrives in a strict regulated law firm environment albeit with the ability to keep pace with growth and change.
Key Skills and Qualifications:
- Qualifications: An ILFM (Institute of Legal Finance & Management) or similar qualification is desirable
- Experience: Proven experience in legal finance management within a law firm
- Technical Skills: Deep knowledge of Solicitors Accounts Rules (SAR) and familiarity with legal practice management software
- Compliance Knowledge: Strong understanding of the Compliance Officer for Finance and Administration (COFA) role and anti-money laundering (AML) regulations
- Communication: Capable of presenting financial insights to non-financial stakeholders, such as law firm partners
- Meticulous Nature: Extreme attention to detail, especially regarding client account reconciliations and statutory deductions
Key Responsibilities:
- Compliance & Regulatory Oversight: Ensure full adherence to SRA Accounts Rules and manage annual SAR audits. Monitor for potential breaches and take immediate remedial action.
- Transactional Management: Oversee daily banking operations, legal cashiering, billing, and credit control to maximise cash flow.
- Financial Reporting: Contribute to the reporting procedures for the firm in conjunction with the wider group finance team.
- Team Leadership: Support others who are involved in the firm’s finance function as and when the team grows to support the ongoing growth of the firm.
The Package:
- Enhanced contributory pension
- Performance related bonus
- Enhanced family leave
- Electric car scheme via salary sacrifice
- Voluntary benefits schemes
- Birthday holiday
- Share purchase scheme with interest free loans
Hours of work: Standard working week is 35 hours, Monday to Friday with flexibility to work from home.
We are looking for a Legal Finance Manager in Birmingham employer: The Insitute of Legal Finance & Management
QGLaw Ltd is an exceptional employer, offering a dynamic work environment in Birmingham that fosters professional growth and development. With a strong commitment to employee well-being, the company provides a range of benefits including enhanced pension contributions, performance-related bonuses, and flexible working arrangements, making it an ideal place for those seeking a rewarding career in legal finance management.
Contact Details:
The Insitute of Legal Finance & Management Recruitment Team
