Description:
Evaluate current accounting processes and identify opportunities for improvements and efficiency gains.
• Prepares month-end reconciliations of all firm bank accounts related to payroll, operating, Money Market, IOLTA, and other non-trust client funds. Follow up and correct all variances and outstanding checks. Reconciliation Reports should be prepared and saved in both Excel and PDF formats at the end of every month.
• Reconciles IOLTA/ESCROW bank accounts. Ensure that abandoned property is being communicated with the related attorneys and the State and Federal laws are being followed.
• Reviews the GL entries on a weekly basis and make the necessary corrections where needed. All expenses should be entered in their correct GL and the financial tax reporting is followed. If New GL accounts need to opened, it should be communicated with the Director of Finance.
• Processes partner’s draws and distributions and maintains partner distribution records including payment of all benefits & deductions.
• Prepares filings for firm’s property tax, sales and use tax, abandoned property and year end 1099’s.
• Supporting internal and external audits and assists in the preparation of the documents and files for the year end external audit.
• Assist in entering the year end budget amounts from AFS to the Practice management system.
Qualifications:
• Bachelor’s degree in accounting, finance or equivalent.
• 4+ years of progressively responsible related work experience in a professional services firm is a must.
IOLTA (interest on lawyer trust accounts) and master accounts is a must.
#zip