Senior Partnership Accountant
Posted 16 days 18 hours ago by Ambition
NEW Senior Partnership Accountant role at one of my London based law firm clients.
This will be the most senior person in the team on partnership accounting and while partnership accounts/ tax will be a key part of the role, it's unlikely to be full-time year-round. There are peak periods, but outside of those, the successful person could contribute in other areas-such as management accounting, statutory reporting, or broader finance projects-depending on their experience and interests.
My client is a single-site UK firm so the tax work isn't overly complex which means they don't need someone with lots of previous tax experience, if they are strong in partnership accounting. This role would suit someone who's looking to move beyond a purely technical partnership accounting role and take on a broader remit.
The firm would also be open to considering someone on a part-time basis.
Key responsibilities include: Partnership & Tax Accounting- Prepare partnership and corporate tax computations across all entities.
- Reconcile partners' current accounts, tax reserves, and capital accounts.
- Manage partner loans: new arrangements, uplifts, repayments, and interest servicing.
- Maintain partner tax reserves and accounts, including budgeting and reconciliations.
- Liaise with HMRC, external tax advisors, and manage payments.
- Oversee monthly drawings and ensure timely, accurate distributions.
- Prepare annual partner statements and retirement schedules.
- Respond to partner queries regarding drawings, benefits, and obligations.
- Liaise with HR on partner benefits and payroll technicalities (PAYE, NIC, BIK).
- Provide mortgage reference letters and retirement payment schedules.
- Ensure accurate processing of partner chargebacks.
- Assist with monthly management accounts (P&L, balance sheet, cash flow).
- Support year-end statutory accounts preparation and audit schedules.
- Maintain financial records and perform monthly/annual closings.
- Provide technical input into capital allowances and dormant company filings.
- Qualified accountant with several years' experience in partnership accounting or tax.
- Background in legal finance or professional services is essential.
- Experience with Aderant is a plus.
- Detail-oriented with excellent analytical and problem-solving skills.
- Proactive, flexible, and able to manage tight deadlines.
- Strong communication skills and ability to work independently.
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