Solicitors Accounts Expert
22 hours ago
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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