Head of Legal Accounts

As Head of Legal Accounts, you will be responsible for:

Client Transaction Management:

• Oversee all client money transactions, including payments, receipts, transfers, and reconciliations.
• Ensure that all client transactions are processed in full compliance with SRA Accounts Rules.
• Monitor and review client ledger balances, addressing discrepancies and queries efficiently.
• Maintain accurate financial records for clients and ensure that funds are held and disbursed correctly.
• Manage and oversee the relationship with the Cashroom.
• Manage the Policies and Protocols.

SRA Accounts Rules Compliance:

• Lead the firm's compliance efforts with SRA Accounts Rules, staying up-to-date with changes and ensuring that all procedures meet regulatory standards.
• Review and implement best practices for handling client money to prevent breaches.
• Report any breaches or concerns to the COFA in a timely manner.

Team Management:

• Manage a team of accounts and finance staff, setting objectives, providing regular feedback, and supporting professional development.
• Ensure the team is equipped to handle a high volume of transactions while maintaining high standards of accuracy and compliance.
• Delegate tasks effectively, monitor team performance, and maintain a productive working environment.

COFA Support:

• Support the COFA in overseeing financial compliance, providing reports and documentation as required.
• Assist with internal and external audits relating to the firm's financial activities, ensuring all records are accurate and up to date.
• Provide recommendations to the COFA on process improvements and risk mitigation strategies in relation to client money handling.

Reporting & Financial Management:

• Prepare and present monthly financial reports to the COFA, outlining client account activity and any compliance issues.
• Work closely with the accounts and departments to ensure seamless collaboration on all financial matters.
• Develop, implement, and monitor internal financial controls and policies to ensure smooth financial operations within the accounts teams.