The Phoenix Group
Overview
Our client, a multinational law firm, is seeking a Senior Manager, Partnership Accounting, to join their team! This role oversees all financial matters related to individual partners’ ownership in the firm, including managing partner distributions and capital accounts, and ensuring compliance with firm policies and the Partnership Agreement. The position requires cross-functional collaboration to ensure accurate, timely payments and effective partner support. Base pay range
$200,000.00/yr - $220,000.00/yr Key Responsibilities
Manage accounting and reporting of individual partner capital accounts in compliance with the Partnership Agreement. Oversee the capital funding process with the Treasury Team, including coordination with lenders for partner capital loans. Review scheduled distributions and deductions for accuracy prior to processing. Coordinate with multiple departments (e.g., Benefits, Tax, Retirement, AR) on partner-specific payments. Partner with Tax, Treasury, and the Controller to analyze and recommend true-up distribution amounts throughout the year. Communicate distribution details to partners in a timely manner. Review and approve wire requests for international partner payments. Provide Treasury with monthly and annual distribution forecasts and updates. Oversee creation and distribution of individual partner cash flow schedules. Review and contribute to Offer, Assignment, and Transition Letters related to compensation and capital terms. Ensure proper implementation of agreed-upon compensation terms from signed letters. Develop and manage the annual Partnership Accounting budget. Lead the annual Points Process, maintaining data accuracy and integrity, and documenting post-process changes for firm leadership. Calculate and report partners’ final annual share of firm net income. Supply Tax Team with data for quarterly earnings and annual K-1 statements. Support Deloitte with data for mid-year and year-end financial audits. Qualifications
Minimum of 10 years of experience in accounting and financial analysis. Advanced Excel skills, including experience with complex spreadsheets and VBA macros. Excellent attention to detail with a commitment to accuracy and completeness. Strong written and verbal communication skills; able to explain complex financial matters clearly. Ability to prioritize, manage multiple tasks, and meet deadlines in a fast-paced environment. High client service orientation with a proven track record of internal and external client satisfaction. Collaborative team player comfortable working with stakeholders at all organizational levels. The Phoenix Group Advisors is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and prohibit discrimination and harassment of any kind based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. We strive to attract talented individuals from all backgrounds and provide equal employment opportunities to all employees and applicants for employment. Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries
Law Practice and Legal Services
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Our client, a multinational law firm, is seeking a Senior Manager, Partnership Accounting, to join their team! This role oversees all financial matters related to individual partners’ ownership in the firm, including managing partner distributions and capital accounts, and ensuring compliance with firm policies and the Partnership Agreement. The position requires cross-functional collaboration to ensure accurate, timely payments and effective partner support. Base pay range
$200,000.00/yr - $220,000.00/yr Key Responsibilities
Manage accounting and reporting of individual partner capital accounts in compliance with the Partnership Agreement. Oversee the capital funding process with the Treasury Team, including coordination with lenders for partner capital loans. Review scheduled distributions and deductions for accuracy prior to processing. Coordinate with multiple departments (e.g., Benefits, Tax, Retirement, AR) on partner-specific payments. Partner with Tax, Treasury, and the Controller to analyze and recommend true-up distribution amounts throughout the year. Communicate distribution details to partners in a timely manner. Review and approve wire requests for international partner payments. Provide Treasury with monthly and annual distribution forecasts and updates. Oversee creation and distribution of individual partner cash flow schedules. Review and contribute to Offer, Assignment, and Transition Letters related to compensation and capital terms. Ensure proper implementation of agreed-upon compensation terms from signed letters. Develop and manage the annual Partnership Accounting budget. Lead the annual Points Process, maintaining data accuracy and integrity, and documenting post-process changes for firm leadership. Calculate and report partners’ final annual share of firm net income. Supply Tax Team with data for quarterly earnings and annual K-1 statements. Support Deloitte with data for mid-year and year-end financial audits. Qualifications
Minimum of 10 years of experience in accounting and financial analysis. Advanced Excel skills, including experience with complex spreadsheets and VBA macros. Excellent attention to detail with a commitment to accuracy and completeness. Strong written and verbal communication skills; able to explain complex financial matters clearly. Ability to prioritize, manage multiple tasks, and meet deadlines in a fast-paced environment. High client service orientation with a proven track record of internal and external client satisfaction. Collaborative team player comfortable working with stakeholders at all organizational levels. The Phoenix Group Advisors is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and prohibit discrimination and harassment of any kind based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. We strive to attract talented individuals from all backgrounds and provide equal employment opportunities to all employees and applicants for employment. Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries
Law Practice and Legal Services
#J-18808-Ljbffr