GROUP FINANCIAL CONTROLLER
Totum Partners are delighted to be working with a law firm that can claim to be one of the real success stories for a top 20 UK legal business of the past few years. With significant headcount and revenue growth during that time, this firm has a well-defined plan of what it wants to achieve and how it is going to go about doing so. As part of that plan it is now looking to recruit a Group Financial Controller who, reporting into the Head of Finance, can be based in either London or Birmingham. The purpose of the role is to provide management of the Financial Accounting Team ensuring that financial operations/ procedures and systems of the Firm are run in accordance with UK Accounting Standards or other local regulations as applicable. It also has dotted line responsibilities for the International Finance Managers and the ensuring that all financial operations and procedures run in accordance with International Accounting Standards.
The main duties and responsibilities for this role include the consolidation of monthly management accounts, snapshot and flash reports including the co-ordination and/or preparation of the regional management accounts (AP, Dubai, Europe); working with the Head of Financial Planning & Analysis, co-ordination of the Firm's budget and forecast processes and further development and continual improvement of the overall process including the consolidation of the Firmwide budget and forecasts; developing a detailed understanding of the firm's performance so as to provide detailed commentaries on the management accounts through the establishment of good business relationships with key stakeholders; and improving reporting timelines through changes to working practices including accruals and provisioning, with a target turnaround time for the full consolidated management accounts and commentary of within 5 working days of month end close.
The position has overall responsibility for the implementation of a robust accruals process as well as overseeing the provisioning for bad debts, WIP valuation and other provisions; monitoring and reporting of the Firm's cashflow and working capital metrics as well as developing rolling cash flow forecasts, managing the three year cash flow forecast and reporting to Banks; and has ownership of and responsibility for the integrity of the general ledger. All statutory accounts filings both in the UK and internationally including the LLP accounts and service company accounts as well as managing the audit process across the firm and monitoring audit spend fall within the job-holder's remit. There will also be involvement in special projects as required including assisting with the financial aspects of new office openings, e.g. start-up operations, due diligence and mergers. There is also a managerial aspect to the role with direct supervision, coaching and review of the Financial Accounts Team as well as direct supervision of other teams within the Finance Department, as agreed from time to time.
Applicants should be qualified accountants (ACA, ACCA, CIMA or international equivalent) with significant experience in an international group accounting environment. Excellent people management skills should be displayed and a strong aptitude to using different IT systems should also be demonstrable. Previous law firm or large professional service firm experience is also required.
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