Financial Manager
Posted 6 Jul 2024
BranchFactor Summary
The original posting with the fluff stripped out
- Expected experience
- 5–7 yrs
- Management level
- People management
- Employment
- Remote
- Contract
- Full-time
No salary listed for this role.
Field of studyAccounting, Economics, Finance (or related)
Study levelBachelor's
CertificationsCertified Public Accountant
Study levelMaster's
Company Description
Middle East Co. is a law firm based in Baghdad, has many international clients in many countries such as USA, China, UAE, KSA, Jordan, Turkey and more.
Job Description
The Financial Manager is responsible for overseeing and managing the financial operations of the law firm. This includes financial planning, budgeting, financial reporting, and ensuring compliance with legal and regulatory requirements specific to the legal industry.
Qualifications
1. Financial Planning and Analysis:
- Develop financial strategies tailored to the unique needs of a law firm.
- Prepare and present detailed financial reports, budgets, and financial statements.
- Analyze financial data to identify trends, profitability metrics, and provide actionable insights to partners and senior management.
2. Budget Management:
- Oversee the development and management of the firm's budgets.
- Monitor and control expenditures to ensure alignment with budgetary constraints and firm objectives.
- Conduct variance analysis to understand discrepancies between budgeted and actual expenditures, particularly in case costs and overhead.
3. Financial Reporting:
- Ensure accurate and timely preparation of financial reports specific to law firm operations.
- Comply with local, state, and federal government reporting requirements and tax filings.
- Coordinate with auditors to ensure proper compliance with all regulations, particularly those relevant to legal practices.
4. Cash Flow Management:
- Manage cash flow by tracking transactions, billing, collections, and regularly reviewing internal reports.
- Ensure that cash flows are adequate to allow the firm to operate effectively, particularly in managing client trust accounts and disbursements.
5. Client Trust Account Management:
- Oversee the management of client trust accounts, ensuring compliance with legal and ethical standards.
- Monitor and reconcile client trust funds regularly to maintain accuracy and integrity.
6. Internal Controls and Compliance:
- Develop and enforce internal controls to maximize protection of firm assets, policies, procedures, and workflows.
- Ensure compliance with internal policies, legal industry standards, and regulatory requirements.
- Implement financial policies and procedures to improve and maintain a sound control environment.
7. Billing and Collections:
- Oversee the billing process to ensure timely and accurate invoicing of clients.