Financial Transaction Manager

14 hours ago


Godalming, Surrey, United Kingdom 2i Recruit Ltd Full time

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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