Partnership Accountant

Who are we Founded in 1896, Knight Frank was registered as Knight Frank LLP a Limited Liability Partnership, on 3 November 2003, registered in England & Wales at 55 Baker Street, London, W1U 8AN
with the registered number of OC305934. Headquartered in London, UK, Knight Frank is one of the world's leading independent real estate consultancies. We work responsibly in partnership to enhance people's lives and environments in over 50 Markets, 600+ Offices, 20,000+ People, 1 Global Network.

At the heart of all we do are our Clients. A relationship built on trust is vital. As trusted partners in property, we act with integrity and care, understanding our clients’ unique needs and consistently thinking about the bigger picture to provide personalised, clear and considered advice across all areas of property. Through our deep understanding of key markets and sectors – both emerging and established – we are dedicated to meeting and exceeding their property goals.

A true partnership is a balanced one, and our People are passionate about, and committed to, making our business inclusive and diverse. We give every individual the space and opportunity to perform at their best and be recognised for the immense value they bring. We empower everyone to have autonomy in their role and encourage them to use their voice in how we can make a positive impact as a firm and shape the future of real estate, the built environment and the impact on the communities we serve.

Our collaborative and engaged teams provide excellent and dedicated client service. In our workplace, opinions are respected, everyone is invited to contribute to the success of our business and innovation, and new ideas are  2021 we celebrated our 125th anniversary and set out Our Desired Future, cemented in three pillars:
People Potential, Client Centricity and always Creating our Future, together. Learn more about what sets us apart here.

About

The Role The Partnership Accountant is responsible for the accurate financial administration of partner-related accounting within the firm. This role ensures that partner accounts, capital balances, and tax-related matters are correctly maintained and reported, supporting both internal stakeholders and the wider finance function.

This position plays a key role in ensuring the integrity, accuracy, and timeliness of partner related accounting and tax matters within a large, complex commercial real estate environment. This role is privileged to highly sensitive financial data and has a close relationship across Business Services functions, Proprietary Partners as well as finance business partners, tax teams and as external auditors.

Key Responsibilities Partner Accounting & Ledger Management Maintain and reconcile member current accounts, ensuring accuracy and completeness.

Update and manage partnership accounting ledgers on an ongoing basis.

Maintain detailed and accurate records of partners’ capital accounts.

Calculate and post interest on capital balances in line with partnership agreements.

Tax & Reserves Calculate partner tax charges, working closely with the internal tax team to ensure accuracy and compliance.

Maintain and monitor tax reserve ledgers, ensuring appropriate provisions are reflected.

Assist in responding to partner queries relating to tax calculations and reserves.

Partner Payments & Distributions Manage partner payment processes, including:

Monthly drawings

Interest on capital

Profit allocations and distributions

Current accounts, tax accounts and movements on Capital Ensure all payments are processed accurately and in accordance with partnership agreements and timetables.

Retired Partner Obligations Calculate and administer retired partner annuities, ensuring correct application of agreed formulas and schedules.

Maintain records of ongoing obligations and liaise with relevant stakeholders where needed.

Data Analysis & Reporting Analyse financial data from multiple sources, including payroll systems and general ledgers.

Support reporting requirements related to partner finances, providing clear and accurate outputs.

Other duties

Perform and review balance sheet reconciliations linked to all partner…