Financial Analyst

3 weeks ago

Miami, United States SHUTTS & BOWEN Full time
Job DescriptionJob Description

We are seeking a highly motivated and analytical Junior Financial Analyst to join our team at a top Am Law 200 law firm. You will play a critical role in supporting our financial operations, specifically focused on the unique needs of a large and complex legal practice. This role offers an excellent opportunity to gain valuable experience in financial modeling, legal industry metrics, and supporting strategic decision-making for a leading law firm.

Responsibilities:

  • Analyze and consolidate financial data (budgets, partner compensation models, practice group profitability reports, etc.) to assess the firm's financial health and alignment with strategic goals.
  • Develop and recommend cost-saving strategies specific to the legal industry, such as optimizing partner compensation models or streamlining billing practices.
  • Construct and present insightful reports summarizing key performance indicators (KPIs) like profitability by practice group, client matter realization rates, and overall firm leverage.
  • Build financial models tailored to the Am Law 200 landscape, considering factors like lateral hiring, client concentration, and litigation contingencies.
  • Conduct benchmarking analyses to compare the firm's performance against industry peers and identify areas for improvement.
  • Partner with practice groups to understand their financial needs and provide data-driven recommendations to support business development efforts.
  • Monitor actual results against forecasts for key metrics like partner distributions and overall revenue to identify variances and potential risks.
  • Analyze law firm-specific general ledger accounts, such as WIP (work in progress) and unbilled receivables, to ensure accurate financial reporting.
  • Stay up-to-date on legal industry trends and best practices in financial management for law firms.


Qualifications:

  • Bachelor's degree in Finance, Accounting, or a related field (required).
  • Familiarity with the legal industry financial metrics or professional service firms (a plus).
  • Proficiency in spreadsheets (Excel) with strong financial modeling skills.
  • Experience with financial databases and data analysis tools like OLAP cubes (preferred).
  • Excellent written and verbal communication skills with the ability to present complex financial information clearly and concisely.
  • Strong analytical and problem-solving skills.
  • Ability to work independently and as part of a team in a fast-paced environment.

Benefits:

  • Competitive salary and benefits package.
  • Opportunity to gain valuable experience in a prestigious Am Law 200 law firm.
  • Work alongside experienced professionals in a supportive learning environment.
  • Be part of a team that supports the success of a leading legal practice.


Shutts & Bowen LLP is an equal-opportunity employer.

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