Job Description

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This range is provided by Addition Management. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$300,000.00/yr - $400,000.00/yr

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The Chief Financial Officer will be responsible for the overall financial management of the Firm, including day-to-day responsibility for planning, implementing, managing, and controlling all financial-related activities, and will be a critical member of the firm’s leadership team. This will include all personnel and departments responsible for accounting, finance, forecasting, budgeting, financial analysis, payroll, and institutional financing. The CFO will report to the Firm’s COO, Managing Partner, and Executive Committee. The CFO will work closely with and support the firm’s other committees, including the firm’s audit, budget, and distribution committees, as well as other members of the firm's management.

RESPONSIBILITIES

• Manage the preparation and communication of weekly, monthly, quarterly, and annual financial statements.
• Manage the month-end close process, constantly reviewing staff and department procedures while eliminating inefficiencies.
• Manage all month-end closing activities, including general ledger accounts, balance sheet accounts, and overhead cost allocation.
• Attend partnership meetings and report on financial issues as required.
• Provide regular and timely analysis regarding profitability and revenues to accomplish effective business planning and evaluation.
• Proactively initiate and participate in finance and business planning discussions at the partner, Firm, and Practice Group levels.
• Oversee the budgeting and forecasting process, including developing and monitoring annual operating and capital budgets and business plans, keeping management informed of relevant variances, and recommending modifications to ensure compliance with parameters established to maximize profitability and firm stability.
• Serve as a strategic business partner and trusted advisor to the firm’s COO, Managing Partner, Executive Committee, and firm leadership by regularly analyzing and evaluating operational issues and industry and competitive conditions.
• Enhance and implement financial and accounting systems (Aderant Sierra), processes, tools, and control systems, business intelligence systems, electronic billing systems, accounts payable/receivables systems, and time entry systems.
• Manage cash flow planning process and ensure funds availability.
• Oversee and help manage weekly, monthly, and yearly cash management.
• Support outstanding banking relationships and strategic alliances with vendors and business partners.
• Review and analyze monthly financial results and provide recommendations.
• Create and establish yearly financial objectives that align with the firm’s plan for growth and expansion.
• Assess and evaluate the firm’s financial performance concerning long-term goals, budgets, and forecasts.
• Manage processes for financial forecasting, budgets, and reports to Firm management.
• Develop and maintain the monthly operating budget and annual operating budget.
• Provide leadership continuously for short and long-term strategic financial objectives.
• Review and ensure the application of appropriate internal controls, financial procedures, and risk management procedures, including the firm’s insurance coverages.
• Provide recommendations to enhance financial performance and business opportunities strategically.
• Ensure that adequate internal controls are established and that compliance with relevant financial accounting standards and federal, state, and local regulatory and tax reporting laws is sustained.
• Serve as a key point of contact for external auditors; Manage the preparation and support of all external audits.

QUALIFICATIONS

• CPA is required.
• Minimum of 10 years of experience in senior administrative roles for sophisticated law firms.
• Aderant Sierra legal software experience required.
• Demonstrated experience identifying organizational needs and driving change positively that ensures consistently high client service, even during changes in process or procedure.
• Managerial/supervisory and lean six sigma or process improvement experience.
• Knowledge of applicable local, state, and federal tax and banking rules and laws.
• Familiarization with PCI 4.0 requirements.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Law Practice

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Inferred from the description for this job

Medical insurance

401(k)

Vision insurance

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