Financial Transaction Manager
14 hours ago
Job Title: Financial Transaction Manager
About 2i Recruit Ltd: 2i Recruit Ltd is a professional recruitment agency specializing in the legal sector. We are seeking an experienced Financial Transaction Manager to join our team.
Estimated Salary: £25,000 - £30,000 per annum
Job Description:
We are looking for a skilled Financial Transaction Manager to manage financial transactions within a law firm, ensuring compliance with SRA Accounts Rules and maintaining accurate records. The ideal candidate will have experience working in an office environment and be proficient in double-entry bookkeeping.
Key Responsibilities:
- Process client account payments and receipts according to SRA Accounts Rules.
- Handle client money correctly and transfer it according to legal guidelines.
- Reconcile client ledgers and accounts regularly.
- Manage office accounts, including daily banking transactions, payments, and receipts.
- Process and reconcile office disbursements, including invoices from barristers, experts, and other third parties.
- Maintain accurate records of VAT and prepare VAT returns.
- Complete monthly bank reconciliations for all client and office accounts.
- Investigate discrepancies and ensure timely resolution.
- Assist with preparing and distributing client bills.
- Ensure bills are processed and paid on time.
- Assist with managing aged debtors and chasing overdue payments when necessary.
- Ensure the firm adheres to legal and regulatory requirements, especially the Solicitors Accounts Rules.
- Assist with internal and external audits.
- Keep up to date with changes in financial regulations affecting law firms.
- Liaise with banks and financial institutions as required.
- Manage supplier payments and ensure all costs are tracked and approved.
- Adhere to the firm's systems and procedures.
- Adhere to compliance policies.
Requirements:
- Effectively manage time and competing priorities.
- Experience working in an office environment.
- Commitment to client care and providing high levels of service.
- Knowledge of annual audit and inspection process.
- Proficiency with double-entry bookkeeping.
- Maintain client and office accounts.
- Knowledge and understanding of the SRA Accounts Rules.
- Ability to understand and complete VAT returns.
- Competent IT skills to include Microsoft Office programmes.
- A general awareness of the legal market.
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