Morrison Foerster · 2 months ago
Senior Partnership Accounting Analyst
San Francisco, CA
Full-time
Onsite
Senior Level
$104K/yr - $140K/yr
5+ years expMorrison Foerster is a leading international law firm, and they are seeking a Senior Partnership Accounting Analyst to join their Financial Operations team. This role involves maintaining partners’ capital accounts and profit distributions, ensuring client satisfaction, and optimizing accounting processes while providing guidance to other analysts.
Law Practice
Responsibilities
Maintain familiarity with Partnership Agreement, with focus on Article IV (Rights and Obligations of the Partner in Financial Matters) and Article V (Retirement)
Prepare, process and review Partners’ scheduled distributions and deductions. Ensure accuracy and timeliness of payments. Provide reports to General Ledger, Accounts Receivable, Treasury, Benefits, Tax, and other teams as necessary
Recalculate the monthly distributions based on the approved partner points for the year. Recalculate tax withholding amounts. Enter new pay and withholding amounts to Ascentis. Calculate any retro-active adjustments to distributions and taxes
Communicate, as needed, with Finance Managers in foreign offices to inform them of any changes to partner distributions, including year-end true-up distributions. Work with Finance Managers to resolve any issues
Work with HR, Benefits, and Payroll teams to ensure proper setup of new partners and updates of existing partners in payroll system, including benefits deductions and direct deposit information. Collaborate on creating and maintaining effective processes for change management
Ensure partner income arrangements including special arrangements, partners' status changes and FTE percentages are appropriately documented and entered into the partnership/payroll system
Collaborate with the Retirement Manager to ensure accurate deductions of retirement plan contributions and loan repayments. This includes reviewing deduction amounts and relaying any changes to the Retirement Manager, confirming final deductions with the Retirement Manager to ensure correct amounts are wired to each plan and working with Retirement Manager to resolve any issues
Work with the Billing group for the deduction of Partners’ personal expenses. Obtain backup for any large expense amounts and confirm with the partner as to the legitimacy of the amount
Work with the Benefits and Leave Manager on the status of partner leaves. Provide periodic distribution schedules, for partners on leave, as requested by the disability carrier
Develop and maintain cash flow schedules for London, Berlin, Brussels and Singapore partners. Prepare wire forms, based on the cash flow information, for multi-currency and multi-entity distribution payments. Obtain wire form approvals from the Partnership Accounting Manager. Work with Accounts Payable to ensure wired distributions are processed accurately and timely
Maintain the distribution file for London partners. After final review, send the file to the European Finance Manager for processing. Work with European Finance Manager to resolve any issues
Determine Partners’ charitable contribution allocations and make appropriate deductions. Coordinate with Foundation administration and with European Finance Manager
Research and respond to partner inquiries and issue in a timely and appropriate manner
Proactively identify opportunities for process improvement, and work with Partnership Accounting Manager to design and implement change. Prepare, process, and review periodic profit distributions. Includes setting up initial analysis to determine appropriate gross distribution amounts, and coordinating with Retirement Manager, Tax Manager and others to gather relevant deduction schedules for each distribution
Qualification
Required
A minimum of a four-year university degree, preferably in Finance or Accounting
Five plus years' experience in the Finance Department of a large international law firm or international professional services firm
Hands on experience in the partner compensation area strongly preferred
Demonstrate deep knowledge of partnership finance and compensation and related processes, and ability to advise and guide others in the application of this knowledge in best practices
Ability to take an assignment from inception to completion with minimal supervision or by following broad guidelines
Provide work direction and training to other Partnership Accounting Analysts on team
Ability to perceive and analyze problems and to develop responsive solutions
Ability to prepare accurate, highly detailed work product
Commitment to delivering client service by assisting co-workers
Ability to build relationships with key stakeholders
Excellent communication skills and the ability to build effective internal and external client relationships
Advanced proficiency in Excel, including importing files, manipulating data, creating complex formulas and designing ‘intelligent' spreadsheets
Ability to apply effective independent judgment
Strong motivation to apply skills and knowledge proactively
Ability to manage multiple requests, to assess priorities, and achieve solutions under deadlines
Strong organizational skills; ability to prioritize work, and to work within competing deadlines
Available to work overtime as needed
Reliability, dependability, and strong motivation to respond to requests quickly
Excellent teamwork skills and a strong client service orientation
Benefits
A variety of options for medical, dental, vision, life and disability coverage to meet the needs of you and your family.
Industry-leading parental leave and family benefits including adoption and fertility treatment options and backup child and elder care.
Global wellness program, including free access to Talkspace and Calm apps.
Annual community service day to make an impact on your community and a birthday holiday just for fun.
Education reimbursement annually.
Dedicated Talent Development team.
Competitive annual profit-sharing contribution.
Company
Morrison Foerster
Morrison Foerster transforms complexity into advantage.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Aaron Fountain
Partner
Aaron Rubin
Partner
Recent News
2024-04-25
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2024-04-17
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