Partnership Accountant

Job Description

Hybrid role, two days a week in the London office, three days work from home.The RoleThe role sits within the Group Partnership Accounting Team based in London. The Team plays a central role within Clyde & Cos global finance function. Responsible for overseeing the accounting and reporting of partner remuneration, payments, capital contributionsand other partner balances on a partner-by-partner basis for over 490 partners globally. The team is a point of contact for regional finance teams, as well as the partners themselves.The job holder will have involvement in all aspects of Partnership Accounts, with specific focus on allotted regions.The position requires strong organisation, administration and analytical skills together with close attention to detail. The job holder also needs strong written and verbal communication skills and the ability to forge relationships with senior stakeholderswithin the firm, including partners and finance teams throughout the worldwide firm.Key Responsibilities

• Involvement in completion of month end partner-related processes and reviews;
  • Review and reconciliation of partners current accounts, tax reserves and capital accounts ensuring that any discrepancies are highlighted and corrected in a timely manner. This includes liaison with local finance teams to ensure day to day posting is accurateand timely
  • Summarising partner payment information to enable timely review and accurate cash flow projections
• Preparation of journals required to partners current accounts, tax reserves, capital accounts and drawings accounts, including monthly accruals, year-end profit allocations and changes in capital
• Maintenance of detailed partner profit sharing information for all partners throughout the year, including liaison with the appropriate business services representatives to ensure information is accurate and fully up to date
• Forecasting, calculation and payment of partners monthly drawings and distributions
• Administration of partner capital, including liaison with banks providing partner capital loans
• Preparation of annual partner statements (actual and budget), including reconciliation of partner balances between statements and the accounts system
• Regular contact with partners, providing information and dealing sensitively and promptly with their queries
• Develop collaborative and robust working relationships with stakeholders across the UK and overseas offices
• Preparation of illustrative cash flow statements and performance of other administrative duties relating to lateral hire partners and retiring partners
• Support the Global Head of Partnership Accounting and Financial Control, Global Partnership Accounts Senior Manager and Global Partnership Accounts Supervisor with ad-hoc analysis and project work; and
• Resolve audit queries in relation to partner matters

The list of duties and responsibilities is not exhaustive and the job holder will be required to undertake additional duties as required to ensure the smooth running of the department, flexibility is required at all times.Essential Skills & Experience

• AAT or a part qualified accountant (ACA/ACCA/CIMA or equivalent)
• Experienced user of Microsoft Excel, including use of pivot tables as well as vlookup and sumif formulas as a minimum. Experience with Macros, Power Query and Power BI an advantage.
• Strong level of accuracy, attention to detail and excellent analytical skills to manage large volumes of data
• Highly organised and structured. Strong time management and prioritisation skills
• Relevant partnership accounts experience beneficial but not essential, would suit a strong management accountant with relevant transferrable skills
• Experience in preparing month end balance sheet reconciliations and reporting packs as well as working within a multi-currency environment would be an advantage
• Knowledge of Elite 3E would be an advantage
• Excellent written and verbal communication skills
• Ability to work to deadlines and remain calm when operating under pressure
• Good team player: Able to work autonomously and as part of a broader team
• Strong interpersonal skills: ability to forge strong working relationships with members of the finance team, partners and other senior stakeholders

The FirmClyde & Co is a leading global law firm, specialising in the sectors that underpin global trade and commercial activity, namely: insurance, transport, construction, energy, trade and commodities. It is globally integrated, offering a comprehensive rangeof contentious and non-contentious legal services and commercially-minded legal advice to businesses operating across the world. Clyde & Co is committed to operating in a responsible way. This means progressing towards a diverse and inclusive workforce thatreflects the diversity of its communities and clients, using its legal skills to support its communities through pro bono work, volunteering and charitable partnerships, and minimising the impact it has on the environment. The firm has 490 partners, 2,400lawyers, 3,200 legal professionals and 5,500 people overall in nearly 70 offices and associated offices worldwide.