Part-time Partnership Accountant

1 month ago

London, United Kingdom Totum Full time

I have recently been instructed on an exclusive basis, to support a prestigious and well established consultancy, in their search for a Part-Time Partnership Accountant. They are a smaller partnership, who offer a friendly and supportive working enviromentand complete agile working and hours

**Role Overview**
Reporting to the Finance Director, the Partnership Accountant plays a key role in the firm in ensuring the smooth and efficient administration of all matters relating to Partners Accounting. They are looking for someone who has experience in managing similarprocesses and is comfortable dealing directly with Partners and the firms external advisors (e.g. Banks and Tax advisors).

You will be front and centre in terms of dealing directly with the owners of the business so needs a can-do attitude and a capability to deliver accurate and reliable work.

The firm will also be implementing a new finance system over the next 12 months, so this role will play a key part in the transition of existing partner accounting procedures on to the new system, and as such gives a fantastic platform for the successfulindividual to build a legacy at the firm.

**Main Duties, Responsibilities, accountabilities**
- Partnership accounting, including preparation of current accounts and analysis schedules for the annual partnership tax computation
- Calculation of partner profit share
- Closedown of annual partner accounts, ensuring accurate records are maintained to the highest standard
- Prepare annual tax summary, liaising with external tax advisors and preparing payments for submission to HMRC
- Reconcile accounting differences/reserve balances
- Maintain accurate balance sheet reconciliations in relation to partner equity
- Liaise with Financial Controller, ensuring protocols have been followed & providing guidance/advice where necessary
- Review and approve monthly drawings and quarterly distribution payment to partners
- Prepare and track annual budget for Partnership Investment Fund (PIF), liaising with Management Accounting team and HR to inform of any changes throughout the year.
- Manage capital call process, liaising with external stakeholders to agree limits, rates & terms if required
- Point of contact for partners, for queries regarding payments, insurance and capital contributions
- Prepare and maintain accurate records for audit
- Prepare/maintain annual profit schedule (and other supporting schedules) for Remuneration Committee
- Establish a strong and collaborative working relationship with other members of the finance team and all Partners across the firm
- Providing cover for the broader finance team in terms of ad hoc tasks that may be required (e.g. payment approvals, cashflow input, VAT returns etc.)
- Administering the firm’s partner accounting and reporting records, ensuring they are correctly maintained and accurate. Ensuring that the systems and processes in their current form and future form, meet the firm’s internal control procedures, implementingnecessary improvements where this may not be the case.
- Communicating with the firm’s bank (Currently Barclays) and Tax advisors (currently BDO).
- Providing ad hoc support for other parts of the finance team where necessary
- Preparing any ad hoc analysis and modelling which may be required by the Finance Director, Managing Partner or partners.

**Desired Knowledge, Skills, Experience & Qualification**
- Full accounting qualification (preferably ACA or ACCA)
- **Partnership Accounts**:

- **Experience of working in a partnership or professional services environment**:

- Advanced Excel skills preferred including pivot tables and advanced formulae (SUMIF, VLOOKUP)
- Excellent analytical skills
- Strong attention to detail
- Strong communication skills
- both written and verbal
- Experience of working with senior partners or managers
- Experience of dealing with external auditors would be helpful but not essential
- Experience of implementing new systems would be helpful but not essential

**Equal Opportunities**
As a responsible business, it is important that we represent the diversity of our people, our clients and our communities. We believe that the firms that thrive are those with the most diverse team; that's why we work so hard to source the best talent fromthe broadest pool possible. As an equal opportunities employer we strive to accommodate anyone who may have specific needs. If you require reasonable adjustments to be made during the selection process, please talk to a member of the recruitment team so thatany required adjustments can be made in advance.

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