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GBR - Partnership Accounting Manager (FTC)

Level:
Manager
Job Term:
Contract/Interim
Location:
London
Position/Type:
Legal Finance
Salary Description:
competitive
Posted:
08/05/2017
Recruiter:
Clifford Chance
Job Ref:
905217

Chance is one of the world's leading law firms, helping clients achieve their goals by combining the highest global standards with local expertise.  The firm has unrivalled scale and depth of legal resources across the three key markets of the Americas, Asia and Europe and focuses on the core areas of commercial activity: capital markets; corporate and M&A; finance and banking; real estate; tax; pensions and employment; litigation and dispute resolution.

Alongside world-class legal careers, Clifford Chance offers excellent opportunities in the support functions that underpin its business operations. By joining us in business services, you will help us to innovate in the way we deliver our services and enable us to run a successful multinational business that never stands still.  Business services are integral to the running of the firm and are critical to its success.

The London tax team is responsible for the firm's UK tax administration (which includes preparing analyses of tax-sensitive items for the firm's UK tax computations, filing individual partners' returns, providing for and paying tax, and related accounting), as well as providing analyses to support US and other overseas tax filings.

The role has been structured to ensure that the person in the role is involved in every aspect of what the team does, and the tasks required are all of importance to achieve the team's goals to deliver a high quality service to the firm.

Key Responsibilities

The purpose  of the role is to work with the eight accounting professionals within the team:
1. Assist with the accounting aspects of the database project – this will be fluid

2. Take over accounting and reconciliation work, analysis, advice and discussions as required, to allow other team members to focus properly on tax aspects of developing the database

3. Assist the team in the all areas of accounting and Partner Remuneration:

  • Calculation of the Partner distributions for the firm
  • Reconciliation of the Partner remuneration Ledgers to the Local Office books
  • Investigate issues around accounting for partners secondments, partner remuneration and partner tax reserves
  • Reconciliation of partner tax reserves for partners globally

4. Ad hoc tasks as required

Reconciliation of overseas offices tax reserves:

  • To assist with the reconciling of the firm's accounting records to match reserves deducted from partners, against payments made to tax authorities for a number of the countries where the firm operates
  • Liaising with local offices to gather and understand the necessary data and to understand better entries made in the accounting records

Re-analysis of the data onto a calendar basis in some countries (the firm's year end is not 31st December)

  • Reconcile the retained earnings ledger to ensure the offices and central books balance

Permanent tax disallowable allocations:

  • Assist with the annual permanent tax disallowable allocations
  • Gather and analyses non-deductible tax data from the local offices for the current and prior year
  • Confirm the offices have charged non-tax deductible amounts through to the centre and reconcile the account

Annual US tax return preparation:

  • KPMG in the US are responsible for preparing the US tax returns of the firm.
  • Assist with the preparation of the accounting data needed for KPMG to complete the CC LLP US tax return (no tax knowledge required at all!)

Preparation of information for overseas offices tax filings:

  • To produce the accounting and Partner remuneration information that enables local offices to prepare local tax returns

Global partner payments:

  • To assist with the calculation of the global partners' quarterly special distributions, including reviewing and reconciling units, drawings, private ledger and tax reserves; ensuring all figures appear reasonable and questioning and resolving any anomalies
  • To assist with the global review of monthly partner drawings paid
  • To assist with the review and management of capital collected from equity partners, globally
  • To assist with the annual calculation of profit related annuities and review associated payments
  • To assist with the reconciliation of accounts in UK ledgers

Annual partner accounts closedown:

  • To assist with the annual closedown of accounts in head office, and liaising with overseas financial controllers to address any differences and queries to figures reported in their local ledgers.

Other adhoc duties that frequently arise
 
Skills and Qualifications

Skills:

  • Confident and clear verbal and written communication skills; experience of communicating with global teams; engaging with Partners, Finance personnel and external advisers as required;
  • Adept in Microsoft Suite products;
  • Have advanced Excel skills (knowledge of Macros not required)
  • Positive attitude and flexible approach to work.
  • Ability to work unsupervised
  • Excellent organisational skills and ability to complete task
  • •Review and management of the work of more junior staff members.

Experience:

  • have a strong attention to detail and high level of accuracy; 
  • have the ability to get into a significant amount of the detailed work, without losing the picture of what is trying to be achieved.
  • be able to judge between taking initiative and seeking advice from others;
  • experience of partnership tax is desirable;
  • experience of project management;

Qualifications:

  • Must be a qualified accountant (ACCA, CIMA, ACA)


Closing Date:
06/06/2017

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