Senior Legal Cashier

1 month ago

Bristol, United Kingdom yolk recruitment Full time

Yolk are supporting a leading law firm dedicated to delivering exceptional legal services to their clients. With a strong focus on excellence and innovation.
Reporting directly to the MD the Legal Cashier will play a crucial role in overseeing all financial aspects of their firm. This includes managing financial processes, ensuring compliance with regulatory requirements, and driving strategic initiatives to support our business objectives. The successful candidate will also take a proactive approach to developing and implementing financial policies and procedures to enhance operational efficiency and effectiveness.
Manage daily processing of incoming and outgoing monies to client and office accounts, ensuring accuracy and timeliness of reporting.
Ensure compliance with regulatory requirements, including SRA rules and other relevant regulations.
Take ownership of financial forecasting, month-end, year-end, and annual budgeting processes.
Provide comprehensive finance services to the firm, including revenue generation, billing, cashiering, credit control, and reporting.
Foster strong relationships with auditors, regulatory bodies, banks, insurers, and other professional advisers.
Develop and implement financial policies, procedures, and systems aligned with our business strategy and objectives.
Lead the learning and development of the finance team, focusing on succession planning and skill enhancement.
Drive the development and implementation of our pricing strategy in collaboration with our directors.
Play a key role in purchasing products and services, including involvement in tendering processes and contract negotiation.
Liaise with directors regarding office, departmental, and individual performance, providing financial insights and recommendations.
Contribute to the development and execution of our firm's strategy, with a focus on financial performance and resource allocation.
Develop and implement relevant financial metrics for monitoring our firm's financial performance, including funds flow, WIP, and working capital.
Attend Management Board meetings to provide financial updates and insights to support strategic decision-making.
Bachelor's degree in Accounting, Finance, or related field; Extensive experience in a senior finance role within the legal industry, preferably within a law firm.
Thorough understanding of SRA requirements and other regulatory frameworks.
Advanced proficiency in financial forecasting, budgeting, and reporting.
Demonstrated ability to develop and implement effective financial strategies.

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