Senior Manager, Partnership Accounting

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Overview

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Overview
At MoFo, we couldn’t write our own success story without yours. Ready to write your story?
Join MoFo as a Senior Manager, Partnership Accounting on our Financial Operations team!
This role can be based in San Francisco.
The Role
The Senior Manager, Partnership manages all the financial aspects of each individual partner’s ownership of the firm, as well as ensure accuracy and timeliness in payment of distributions. Provide direction to ensure all processes pertaining to partnership accounting are completed timely and in accordance to policies and the Partnership Agreement. Ensure client service and satisfaction are attained in all areas of position.

• Oversee and monitor the accounting of individual partner’s capital accounts, ensuring compliance with the Partnership Agreement.
• Manage the annual capital funding process in collaboration with the Treasury Team, coordinating with various lenders to arrange for capital loans for partners, and tracking funding progress.
• Ensure accuracy of partners’ scheduled distributions and deductions by conducting a thorough review of each distribution prior to processing payments. Collaborate with Benefits, Retirement, Tax, General Accounting, Accounts Receivable, Practice Admin, Foundation, and other teams to ensure proper and timely deductions and special payments related to each respective team. Prepare written review for Director of Tax and Partnership Accounting detailing all exceptions.
• Collaborate with Controller, Tax, Treasury and others to prepare analysis and recommend appropriate true-up gross distribution amounts, as and when paid throughout the year. Communicate distribution amounts timely to partners.
• Review wire requests for distributions paid to partners with bank accounts outside or the U.S. and/or payments paid from outside the U.S.
• Provide Treasury with annual forecast of monthly and true-up distributions with periodic updates.
• Oversee the preparation and timely distribution of individual cash flow schedules for all partners.
• Review and provide input to drafts of Offer Letters, Assignment Letters, and Transition Letters as they concern compensation and capital matters.
• Review signed offer and assignment letters and ensure the terms of the assignment (compensation, etc.) are adhered to.
• Annually prepare the budget for expenses related to Partnership Accounting.
• Oversee the annual Points Process by updating and maintaining the spreadsheet used by the Points Committee, ensuring data integrity and functionality through periodic reviews and enhancements.
• Monitor, track, and document all changes to allocated points subsequent to the completion of the Points Process. providing updates to firm management as needed.
• Calculate each partner’s final annual share of firm net income for the year in accordance with the partnership agreement. Ensure timely dissemination to other teams, as needed.
• Provide Tax Team with required data for preparation quarterly earnings statements and annual K-1 schedules.
• Provide required schedules and support to Deloitte audit staff in support of the annual mid-year and final financial audits performed by Deloitte.
  

About You

• Bachelors degree required
• 7 or more years of accounting and financial analyses experience.
• Expertise in Excel: Demonstrated advanced proficiency in Excel, including the creation and maintenance of effective spreadsheets and Excel VBA macros.
• Attention to Detail: Ability to thoroughly prepare and review information for accuracy, correctness and completeness.
• Communication skills: Excellent written and verbal communication skills with the ability to present complex ideas succinctly and clearly.
• Time Management: Proven ability to multi-task, prioritize effectively, and to plan work to meet deadlines in a fast-paced environment.
• Client Service Orientation: High client service ethic with a track record of delivering exemplary client satisfaction to both external and internal client stakeholders.
• Team Collaboration: Strong team player with the ability to work collaboratively with diverse individuals at all organization levels
  

About Mofo
At MoFo, we collaborate as one firm, across borders, practice areas, and business functions and value fresh ideas and innovation over conformity and competition.

• About Us:
• Diversity + Inclusion:
• Commitment to Pro Bono:
• The MoFo Foundation:

About Our Benefits
MoFo offers a comprehensive benefits package starting on your first day.

• A variety of options for medical, dental, vision, life and disability coverage to meet the needs of you and your family.
• Industry-leading parental leave and family benefits including adoption and fertility treatment options and backup child and elder care.
• Global wellness program, including free access to Talkspace and Calm apps.
• Annual community service day to make an impact on your community and a birthday holiday just for fun.
• Education reimbursement annually.
• Dedicated Talent Development team.
• Competitive annual profit-sharing contribution.
  

Where required by law, salary ranges are stated below. Additional compensation may include a discretionary bonus, overtime as applicable, health/welfare benefits, retirement contributions, paid holidays, and PTO. The range displayed is specifically for positions performed in those cities/states and may vary based on factors including but not limited to the following: local market data and ranges; an applicant's skills and prior relevant experience; and certain degrees, licensing, and certifications.
San Francisco salary range: $164k to $200k
For questions regarding this position, please e-mail
San Francisco, CA; Palo Alto, CA; Los Angeles, CA; San Diego, CA; Denver, CO; Austin, TX; Boston, MA; New York, NY; Washington, DC

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Law Practice

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