Senior Partnership Accountant

At BCLP, we've built our firm on the foundations of thinking differently. Curious, inquisitive and unbound by tradition, we're building change within our sector and beyond.

It starts with our people, which is why we need a Senior Partnership Accountant to join our team. We are seeking an experienced, highly detail-oriented professional to join our global Partnership Accounting team. This is an excellent opportunity for a motivated individual with strong partnership accounting expertise to further develop their career within a leading international law firm.

The role supports the firm's global partnership accounting and partner finance activities, including the calculation and payment of partner profit allocations, management of partner capital and associated funding arrangements, tax reserving, and the reconciliation and analysis of partner accounts.

The successful candidate will be responsible for complex multi-currency account reconciliations to Elite 3E in transaction, unit, and firm currencies, along with performing global accounting procedures and tasks that are unique to partners. Given the nature of partnership accounting, exceptional attention to detail and a high level of accuracy are essential.

About the Team

The Partnership Accounting team supports all aspects of partnership accounting across the firm globally.

The role involves regular internal interaction with Partners and close collaboration with colleagues across the UK and US. The UK team are based within our London office. This position follows a hybrid working model, with a minimum requirement to attend the London office three days per week.

Key Relationships

The Partnership Accounting and Tax team forms part of the wider Finance and Accounting Department. The successful candidate will work closely with team members who are located within both the US and UK. They will also work with the Partnership Tax team and need to build good relationships with the Partners, the Financial Controllers, the Financial Accounting team, and the Cash Operations team.

Critical Success Factors

The successful candidate will need to demonstrate:

• Exceptional attention to detail, with the ability to identify anomalies, investigate discrepancies and maintain a high degree of accuracy.
• The ability to identify and investigate variances independently.
• Robust reconciliation and financial controls expertise, underpinned by thorough self-review and effective sense checking to ensure accuracy.

Key Responsibilities

Working closely with the Partnership Accounting team, you will assist the team with a range of global partner accounting processes, including but not limited to the following tasks:

• Calculating and processing partner payments.
• Preparation of partner accounting journals.
• Preparing individual partner statements, leaver calculations, and cashflow illustrations for both US and EMEA partners.
• Monthly reconciliation of individual partner accounts, benefits and insurances to Elite 3E.
• Assisting with global partner budgets and supporting budget to actual analysis.
• Monthly review of the global partner capital reconciliations and interest calculations, including following up to ensure capital contributions are received promptly and on time.
• Maintaining the global partner listing and profit allocation schedules, ensuring partner remuneration changes are updated daily, and ensuring supporting documents are saved within Imanage.
• Maintaining the global list of partner special arrangements. Updating partner remuneration arrangements, special arrangements and bonuses within our HR system People Soft
• Conducting partner induction and departure meetings to explain financial arrangements and obligations.
• Monitoring and managing the shared US and EMEA mailboxes, ensuring partner queries are resolved promptly and professionally.
• Maintaining and updating the global team task schedule, to ensure tasks are completed on time.
• Reviewing and approving US partner payments and ensuring ad hoc global partner payments are processed accurately and on time.
• Creating and maintaining a global partner cashflow forecast.
• Performing first level reviews of US and EMEA partner drawings and distribution calculations.
• Assisting with internal and external audit requests and other accounting queries relating to partners.
• Supporting the Partnership Accounting Senior Manager with global projects, policy implementation, identification and implementation of process improvements and the promotion of consistent practices…