
Posted 5 days ago
Accounting Manager
AI Summary
Manages financial recordkeeping, accounts payable/receivable, payroll, and trust accounting for a law firm, ensuring compliance with GAAP and state bar regulations.
About this role
Accountant
The Accounting Manager ensures accurate financial recordkeeping, smooth day-to-day operations, and compliance with accounting standards. Responsibilities include managing accounts payable/receivable, processing payroll, reconciling accounts, and preparing financial reports. The role also maintains proper documentation for tax filings and supports budgeting and cash flow management.
This position is ideal for a detail-oriented professional who enjoys maintaining organized financial systems and thrives in a collaborative environment.
Duties and Responsibilities:
Financial Recordkeeping & Reporting:
- Maintain and reconcile general ledger accounts, ensuring accuracy and compliance with accounting standards.
- Prepare monthly, quarterly, and annual financial statements.
- Assist with budgeting, forecasting, and financial analysis.
- Track and report on firm profitability, expenses, and cash flow.
Accounts Payable & Receivable:
- Process vendor invoices, expense reports, and firm payments.
- Manage client billing, including trust account reconciliations
- Monitor accounts receivable, follow up on overdue payments, and assist with collections.
Payroll & Tax Compliance:
- Process payroll, ensuring compliance with federal, state, and local tax regulations.
- Assist with tax filings, including sales tax, payroll tax, and business tax returns.
- Work with external CPA firms for annual audits and tax preparation.
Trust Accounting (IOLTA Compliance):
- Maintain and reconcile client trust accounts in compliance with legal accounting rules.
- Ensure proper handling of client funds and adherence to state bar regulations.
Financial Systems & Process Improvement:
- Utilize accounting software (e.g., QuickBooks, Xero, or legal-specific platforms) to streamline processes.
- Identify opportunities for cost savings and operational efficiencies.
- Assist with financial software implementation and upgrades.
Desired Skills:
- Education: Bachelor’s degree in Accounting, Finance, and CPA or CMA.
- Experience: 3+ years of accounting experience, preferably in a law firm or professional services environment.
- Technical Skills: Proficiency in QuickBooks (or similar), Excel (advanced functions), and legal billing software (a plus).
- Knowledge: Understanding of GAAP, trust accounting (IOLTA), and tax compliance.
- Soft Skills: Strong attention to detail, organizational skills, and ability to meet deadlines.
- Communication: Ability to work collaboratively with attorneys, staff, and external vendors.
Preferred Experience (Not Required):
- Familiarity with property tax appeal processes or real estate accounting.
- Experience with legal trust accounting and compliance.
Compensation and Benefits:
- Competitive salary starting $80,000, commensurate with experience
- 120 hours of PTO after a 90-day probation period
- Typically, 17+ paid holidays per year.
- BlueCross BlueShield of Illinois employer-paid medical, dental, vision, and basic life insurance premiums for the employee.
- 3% employer 401k contribution after one year of employment.
- Business casual dress code, with exceptions based on assigned tasks.
- Team-oriented work environment.
- Annual performance reviews.
Additional Information:
This job description outlines the primary duties and qualifications for the Accountant role. It is not an exhaustive list of all responsibilities, and duties may evolve to meet the needs of the firm. A pre-employment background check is required.
If you are a motivated, organized, and professional individual with a passion for accounting work, we encourage you to apply for this opportunity to join our team and contribute to our success!
Skills
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