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Partnership Accountant


The role is primarily responsible for all aspects of partnership accounting including direct liaison with partners on their current accounts, drawings and tax affairs.

The successful candidate will additionally act as a key liaison point for partners in the overseas offices and the local accountants responsible for statutory reporting and compliance.

As a key member of the finance team, the role will also contribute to ad hoc projects from time to time and assist the FC in other statutory reporting requirements.

The Finance Team

Across the London and Cheltenham offices, the current compliment is 40.

Including this role, the Management Accounts team consists of:

Financial Controller

3 x Management Accountants

1 x Partnership Accountant

2 x Management Accounts Assistants

Key Tasks(this is a broad but not exhaustive list):

  • liaison point for all partners’ tax & financial affairs with the firm including new joiner inductions.  There are approximately 150 partners across multi-jurisdictions.
  • responsibility for the calculation and preparation of partner drawings payments, including overseas offices
  • responsibility for the calculation and preparation of the partners profit sharing system including partner current account payments
  • work with external advisors on the preparation of annual partnership tax computation
  • preparation of annual partner tax reserving calculations to first review stage and assisting with the bi annual tax payments
  • preparation of annual and ad-hoc profit-sharing calculations plus interest on capital / current account balances
  • preparation of annual partner current, current tax & deferred tax statements
  • administration of partner capital and accounting including liaison with the firm’s chosen banking partner for capital
  • dealing with ad-hoc partner requests such as mortgage reference letters and illustrative personal cash flow forecasts
  • liaison with overseas office partners and external accountants on statutory reporting and compliance including local tax returns and statutory accounts
Other tax and HMRC
  • acting as one of the key contacts (with the CFO and FC) for HMRC Relationship Director, tax advisors and partners’ accountants on tax matters
  • assistance with preparation of VAT returns for UK and overseas offices
  • assistance with other HMRC reporting requirements including the PAYE settlement agreement
  • assistance with calculating payments due to consultants and or ex/partners
  • assistance with the firm’s cash flow forecasting in relation to partner and tax payments
  • preparation and posting of monthly journals in conjunction with the Management Accountants
  • Preparation of year end journals for profit allocation, tax and capital
  • ad hoc projects and duties from time to time to assist the FC and CFO

Personal Skills

  • The successful candidate will have experience of partnership accounting and tax affairs including some knowledge of partnership tax.
  • The candidate should be comfortable dealing face to face with partners in a measured and diplomatic way including the ability to explain why sometimes things are not possible.
  • The candidate should have a keen attention to detail
  • The candidate should be hard working, flexible and willing to undertake ad hoc projects and duties from time and act as cover for the Management Accountants if necessary.
  • Significant experience in a partnership environment preferably a law firm.
  • Excellent organisation skills
  • Good communication skills both oral and written, with the confidence to liaise with personnel at all levels of the Firm and with external contacts
  • Ability to work under pressure and prioritise conflicting requirements effectively

Technical Skills

  • Knowledge of Elite Enterprise is desirable but not essential
  • Excellent proficience in Microsoft Excel is required
  • Computer literate
  • A working knowledge of Microsoft packages
  • Good problem solving skills
  • High degree of accuracy/attention to detail

If you are interested in applying for this position, please email your CV along with a covering letter to Rosalyn.South@crsblaw.com.