Talent.com
This job offer is not available in your country.
Head of Legal Accounts

Head of Legal Accounts

Michael Page (UK)Hove, England, United Kingdom
21 days ago
Salary
£45,000.00–£50,000.00 yearly
Job description

About Our Client

A well-established legal firm in the Hove area is looking to recruit a full-time permanent Head of Legal Accounts.

Job Description

As Head of Legal Accounts, you will be responsible for :

Client Transaction Management :

  • Oversee all client money transactions, including payments, receipts, transfers, and reconciliations.
  • Ensure that all client transactions are processed in full compliance with SRA Accounts Rules.
  • Monitor and review client ledger balances, addressing discrepancies and queries efficiently.
  • Maintain accurate financial records for clients and ensure that funds are held and disbursed correctly.
  • Manage and oversee the relationship with the Cashroom.
  • Manage the Policies and Protocols.

SRA Accounts Rules Compliance :

  • Lead the firm's compliance efforts with SRA Accounts Rules, staying up-to-date with changes and ensuring that all procedures meet regulatory standards.
  • Review and implement best practices for handling client money to prevent breaches.
  • Report any breaches or concerns to the COFA in a timely manner.

    • Team Management :

  • Manage a team of accounts and finance staff, setting objectives, providing regular feedback, and supporting professional development.
  • Ensure the team is equipped to handle a high volume of transactions while maintaining high standards of accuracy and compliance.
  • Delegate tasks effectively, monitor team performance, and maintain a productive working environment.

    • COFA Support :

  • Support the COFA in overseeing financial compliance, providing reports and documentation as required.
  • Assist with internal and external audits relating to the firm's financial activities, ensuring all records are accurate and up to date.
  • Provide recommendations to the COFA on process improvements and risk mitigation strategies in relation to client money handling.

    • Reporting & Financial Management :

  • Prepare and present monthly financial reports to the COFA, outlining client account activity and any compliance issues.
  • Work closely with the accounts and departments to ensure seamless collaboration on all financial matters.
  • Develop, implement, and monitor internal financial controls and policies to ensure smooth financial operations within the accounts teams.

    • The Successful Applicant

    To be considered for this role you will have a strong knowledge of SRA Accounts Rules and their practical application and proven experience managing legal client accounts, including high-volume transactional work. You will have demonstrable leadership experience, with the ability to manage, mentor, and motivate a team. You will display excellent communication skills and the ability to present complex financial information clearly with high attention to detail and a commitment to accuracy. You will have the ability to work under pressure, manage multiple tasks and meet deadlines.

    What's on Offer

  • 45-50,000
  • Private medical cover
  • Life insurance
  • Company pension
  • Hybrid working
  • Working hours of 9am - 5pm Monday to Friday
  • Lifestyle hour each week

    • J-18808-Ljbffr