Chief Financial Officer
3 weeks ago
- Directs and maintains responsibility for the financial functions of the Firm, acting as a key business advisor.
- Maintains and improves the integrity of the firm's financial practices, and oversees relationships with financial institutions, auditors, and CPAs.
- Evaluates, implements, and supports the effectiveness of internal financial controls.
- Assists in the implementation of financial and business tactics that further the firm's, strategic plan, providing support and input to the Managing Partner, Management/Executive Committees, Practice Group Leaders, COO, Firm Officers, and partners.
- Oversees and participates in cash management, budgeting, billing, collections, vendor payments, payroll, internal and external audits, and retirement plan.
- Leads and manages a professional staff of 14, including senior staff which includes a Senior Accounting Manager, Billing Manager, Accounts Payable Supervisor, and Accounts Receivable Supervisor.
- Optimizes the performance of the Finance Department, ensuring accurate handling of daily transactions while continuing to provide excellent service to internal and external constituents.
- Hires, evaluates, and develops Finance Department staff.
- Performs timely and complex financial analyses in order to provide input on the Firm's business transactions and strategic initiatives. Creates profitability and cost-benefit analysis reports as well as evaluation of possible lateral combinations.
- Prepares and distributes monthly partnership financial reports, including productivity and financial statements. Evaluates effectiveness of the report package and recommends changes as needed.
- Monitors trends and performs benchmarking within the legal industry. Provides input, recommendations, and insights to key stakeholders.
- Participates in various Firm Committees, including but not limited to Finance, 401(k), Insurance, Risk Management, and in the efforts of the firm's seven core Practice Groups.
- Demonstrated understanding of professional services billing/accounting systems such as Aderant, e-billing platforms, PowerBI, and others.
- Fifteen years of experience required; Professional services or legal preferred.
- Strong technical accounting knowledge, including an understanding of GAAP and cash basis accounting, tax requirements of governmental agencies, and general auditing procedures.
- Excellent oral and written communication skills. Must be able to provide clear, precise, and well-substantiated explanations of financial events and trends. Must be comfortable in presentation settings before partners, attorneys, and staff.
- Meticulous attention to detail.
- Ability to work well, individually and in teams, with a diverse group of people. Excellent people skills required.
- Comfortable and skillful with hands-on approach in situations where tasks and analyses cannot be delegated.
- Ability to bring and manage meaningful change and participate in Process Improvement and Project Management initiatives.
- Strong leadership and management skills.
- Bachelor's in Accounting or Finance; CPA or MBA a plus.
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