Senior Tax Accountant

Leading law firm looking for a Senior Tax Accountant. Key role in the team with management or two others.

Your new role

The Tax & Partner Matters team deals with all tax and financial matters relating to partners' financial involvement in the firm. The team provides support to the firm's senior management on partner-related finance issues, partnership tax compliance and tax planning .

The Senior Tax Accountant has primary responsibility for supervising, reviewing and controlling the accuracy of the accounting relating to partners' financial involvement in the firm. This involves ensuring tax payments and tax reserve calculations are calculated and accurately recorded in the accounting system, are up-to-date, reconciled, supervising the calculation, payment, recording and reconciliation of financial payments made to partners. The role involves responsibility for a Tax Accountant and a Partner Matters Accounts Assistant. The role is high profile with senior leadership, partners, with external advisers and within the wider finance team.

To ensure that the following are accurate, on time, correctly recorded and fully reconciled in the general ledger system (3E) the individual will manage the following processes:

* Formulaic tax reserve calculations and ledger postings (eg responsible for the calculations based on partner compensation, postings in the general ledger and periodic reconciliations);
* Tax reserves reconciliations (eg oversee the process of reviewing the partners reserves for the accounting year, the tax that has paid from those reserves and explaining and gaining comfort on the balances due to the partners);
* Partners' financial data (eg monthly drawings, quarterly distributions, bonuses, pensions, annuities, tax reserve releases and other retirement payments, other deductions and ad hoc payments, capital subscriptions, etc).

I
In addition, the Senior Tax Accountant will:

* Supervise of the Tax Accountant and Partner Matters Accounts Assistant.
* Ensure that the financial reporting requirements of the Tax & Partner Matters department are fulfilled including timely preparation of projected tax payment forecasts, including changes brought about by way of basis period reform, partner distribution payments, and forecasting the resulting cashflow requirements.
* Review the accounts and allocations matrices used in the preparation of the partner taxable profit allocations.
* Work with finance and tax colleagues toward the implantation of reporting requirements necessary under Pillar II, maintaining and preparation of such returns on an ongoing basis into the future.
* Liaise with the Director of Partnership Affairs in relation to partner lateral hires and retirements, reviewing associated correspondence and providing cashflow forecasts and projections to partners affected by this change.
* Attend to queries from partners and external advisers and suppliers as they arise.
* Spot opportunities to create efficiencies between the recently combined Tax and Partner Matters team and suggest improvements to the accounting processes within the department.
* Participate in ad hoc projects and assist as required with all aspects of the department's work.

What you'll need to succeed

* Qualified accountant - ICAEW, ICAS or ACCA preferred.
* A good working knowledge of Microsoft Office, Excel in particular is essential.
* Experience of 3E or similar accounting software.

What you'll get in return

Flexible working options available.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk