Solicitors Accounts Expert

22 hours ago


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

Job Title: Solicitors Accounts Expert

About 2i Recruit Ltd: 2i Recruit Ltd is a reputable recruitment agency serving the UK legal sector. We are seeking a seasoned Solicitors Accounts Expert to join our team.

Estimated Salary: £32,000 - £38,000 per annum

Job Summary:

The successful candidate will possess in-depth knowledge of solicitors' accounts rules and regulations. They will be responsible for ensuring the accurate management of financial transactions, maintaining records, and adhering to compliance requirements.

Responsibilities:

  • Manage client account payments and receipts according to SRA rules.
  • Handle client money correctly and transfer funds as required.
  • Regularly reconcile client ledgers and accounts.
  • Oversee office finances, including daily banking transactions, payments, and receipts.
  • Process and reconcile office expenses, including invoices from suppliers.
  • Maintain accurate records of VAT and prepare VAT returns.
  • Perform monthly bank reconciliations for all client and office accounts.
  • Investigate discrepancies and resolve issues promptly.
  • Assist with preparing and distributing client invoices.
  • Ensure timely payment of client bills.
  • Support the management of aged debtors and follow up on outstanding payments.
  • Ensure adherence to legal and regulatory requirements, particularly the Solicitors Accounts Rules.
  • Collaborate with auditors during internal and external audits.
  • Stay informed about changes in financial regulations affecting law firms.
  • Liaise with banks and financial institutions as needed.
  • Oversee supplier payments and track costs.
  • Fulfill compliance policies and adhere to firm procedures.

Requirements:

  • Proven expertise in managing financial transactions.
  • Experience working in the legal sector.
  • Promote excellent client service and satisfaction.
  • In-depth knowledge of SRA rules and regulations.
  • Proficient in double-entry accounting.
  • Maintain accurate client and office accounts.
  • Accurately complete VAT returns.
  • Skillful use of Microsoft Office applications.
  • Familiarity with the legal industry.


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