Responsible for managing all financial transactions within a law firm, the Legal Cashier will be ensuring compliance with the Solicitors Regulation Authority (SRA) Accounts Rules and maintaining accurate financial records. This role is part time 15-20 hours per week across 3-4 days.
Company Benefits:
- Private healthcare
- 25 days holiday
- Life insurance
Key Responsibilities:
- Processing client account payments and receipts in accordance with SRA Accounts Rules.
- Ensuring client money is handled correctly and transferred according to legal guidelines.
- Monitoring and reconciling client ledgers and accounts regularly.
- Managing the firm's office accounts, including daily banking transactions, payments, and receipts.
- Processing and reconciling office disbursements, including invoices from barristers, experts, and other third parties.
- Maintaining accurate records of VAT, preparing and submitting VAT returns.
- Completing monthly bank reconciliations for all client and office accounts.
- Investigating discrepancies and ensuring timely resolution.
- Assisting with the preparation and distribution of client bills.
- Ensuring that bills are processed and paid on time.
- Assisting with managing aged debtors and chasing overdue payments when necessary.
- Ensuring the firm adheres to all legal and regulatory requirements, especially the Solicitors Accounts Rules.
- Assisting with internal and external audits.
- Keeping up to date with changes in financial regulations affecting law firms.
- Liaising with banks and financial institutions as required.
- Managing supplier payments and ensuring all costs are tracked and approved.
- Adhering to the firms' systems and procedures.
- Adhering to compliance policies.
- To undertake such other reasonable additional duties as are consistent with this job description from time to time.
Experience and Skills Requirements:
- Able to manage time effectively and manage competing priorities.
- Experience of working in an office environment.
- Commitment to client care and proving high levels of service.
- Knowledge of annual audit and inspection process.
- Proficiency with double-entry bookkeeping.
- Knowledge of maintaining client and office accounts.
- Knowledge and understanding of the SRA Accounts Rules.
- Ability to understand and complete VAT returns.
- Competent IT skills to include Microsoft Office programmes.
- A general awareness of the legal market.