Position:          Accounting Manager

Location:         New York, NY (Hybrid)

Salary:              175k – 225k + Bonus

Prestigious Midtown Law Firm seeks an Accounting Manager to lead their Team

Responsibilities: 

• Partner closely with the Chief Financial Officer (CFO) to oversee and strengthen the firm's general accounting operations, ensuring efficiency, accuracy, and compliance with legal industry standards.
• Manage day-to-day general accounting activities, including accounts payable, client receipts, and client trust account transactions. Ensure timely and accurate processing of all incoming and outgoing payments, while maintaining compliance with applicable trust accounting regulations.
• Collaborate with the Senior Staff Accountant to maintain accurate general ledger (GL) records and perform monthly reconciliations of bank accounts and balance sheet accounts.
• Review and prepare monthly journal entries; ensure accurate expense coding and recommend corrections or reclassifications as needed.
• Oversee all aspects of partner compensation accounting, including the calculation, scheduling, and disbursement of draws and distributions, as well as the management of year-end allocations and reporting. Ensure data accuracy and transparency in all partner-related financial matters.
• Generate and distribute regular financial and statistical reports for firm leadership, including daily cash position updates, monthly financial summaries, and custom reports as needed.
• Assist with the coordination of the annual audit process and the preparation of financial statements in collaboration with external auditors.
• Maintain active relationships with the firm’s banking partners and oversee the resolution of transactional and online banking issues.
• Lead or support finance-related projects aimed at improving accounting workflows, automation, and overall operational efficiency. Current initiatives include the implementation of additional financial system modules and enhanced reporting capabilities

Qualifications:

• Bachelor’s degree or higher with a concentration in accounting, finance, or related field.
• Minimum of 10 years of experience in law firm accounting
• Exposure to partner compensation
• At least 5 years in a management or supervisory role within a professional services or legal environment
• Advanced proficiency in Microsoft Excel.
• Experience with law firm accounting systems (e.g., Aderant, Elite, or similar) preferred.