Morrison Foerster
Senior Manager, Partnership Accounting
Morrison Foerster, Palo Alto, California, United States, 94306
Overview
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, Palo Alto, Los Angeles, San Diego, Denver, Austin, Boston, New York or Washington, D.C.
At MoFo, we couldn’t write our own success story without yours. Join MoFo as a
Senior Manager, Partnership Accounting .
About 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
Bachelor’s degree required
7 or more years of accounting and financial analyses experience
Expertise in Excel: advanced proficiency including creation and maintenance of spreadsheets and Excel VBA macros
Attention to Detail: ability to thoroughly prepare and review information for accuracy
Communication skills: excellent written and verbal communication skills with the ability to present complex ideas succinctly and clearly
Time Management: ability to multi-task, prioritize effectively, and 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
Team Collaboration: strong team player with ability to work collaboratively with diverse individuals at all organizational 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: https://www.mofo.com/about
Diversity + Inclusion: https://careers.mofo.com/careers-diversity
Commitment to Pro Bono: https://careers.mofo.com/careers-pro-bono
The MoFo Foundation: https://www.mofo.com/culture/mofo_foundation
About Our Benefits MoFo offers a comprehensive benefits package starting on your first day.
Medical, dental, vision, life and disability coverage
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 and a birthday holiday
Education reimbursement annually
Dedicated Talent Development team
Competitive annual profit-sharing contribution
Where required by law, salary ranges are stated. The range displayed is for positions in the listed cities and may vary based on factors including location, experience, and certifications.
For questions regarding this position, please e-mail jobs@mofo.com
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Law Practice
#J-18808-Ljbffr
Senior Manager, Partnership Accounting
on our Financial Operations team. This role can be based in San Francisco, Palo Alto, Los Angeles, San Diego, Denver, Austin, Boston, New York or Washington, D.C.
At MoFo, we couldn’t write our own success story without yours. Join MoFo as a
Senior Manager, Partnership Accounting .
About 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
Bachelor’s degree required
7 or more years of accounting and financial analyses experience
Expertise in Excel: advanced proficiency including creation and maintenance of spreadsheets and Excel VBA macros
Attention to Detail: ability to thoroughly prepare and review information for accuracy
Communication skills: excellent written and verbal communication skills with the ability to present complex ideas succinctly and clearly
Time Management: ability to multi-task, prioritize effectively, and 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
Team Collaboration: strong team player with ability to work collaboratively with diverse individuals at all organizational 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: https://www.mofo.com/about
Diversity + Inclusion: https://careers.mofo.com/careers-diversity
Commitment to Pro Bono: https://careers.mofo.com/careers-pro-bono
The MoFo Foundation: https://www.mofo.com/culture/mofo_foundation
About Our Benefits MoFo offers a comprehensive benefits package starting on your first day.
Medical, dental, vision, life and disability coverage
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 and a birthday holiday
Education reimbursement annually
Dedicated Talent Development team
Competitive annual profit-sharing contribution
Where required by law, salary ranges are stated. The range displayed is for positions in the listed cities and may vary based on factors including location, experience, and certifications.
For questions regarding this position, please e-mail jobs@mofo.com
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Law Practice
#J-18808-Ljbffr