Friedman Williams
Director of Finance Madison NJ
Job ID: 20096
Our client, a prestigious Law Firm in the Morris County area, has a brand new exciting opportunity for a Director of Finance! In this role, you would lead and manage all aspects of the firm’s financial operations, including budgeting, forecasting, accounting, reporting, and compliance.
Key Responsibilities and Duties:
•Strategic Financial Planning: Develop and implement financial strategies aligned with the firm’s overall business goals, including budgeting, forecasting, and financial modeling.
•Financial Operations Management: Oversee all aspects of the firm’s financial functions, including general accounting, accounts payable, accounts receivable, payroll, and tax compliance.
•Financial Reporting and Analysis: Prepare and present accurate and timely financial reports to senior management, partners, and other stakeholders, including monthly, quarterly, and annual reports.
•Budgeting and Forecasting: Working with the Chief Operating Officer, develop and manage the firm’s annual budget and forecast financial performance, ensuring accurate projections and effective resource allocation.
•Cost Control and Efficiency: Implement and monitor cost-control measures, identify areas for process improvement, and ensure efficient use of financial resources.
•Risk Management: Identify and mitigate potential financial risks, ensuring compliance with legal and regulatory requirements, and implementing effective internal controls.
•Team Leadership and Development: Lead, mentor, and develop a team of finance professionals, fostering a collaborative and high-performing work environment.
•Relationship Management: Build and maintain strong relationships with partners, staff, and external stakeholders, including banks, auditors, and tax professionals.
Required Skills and Qualifications:
•Education: Bachelor’s degree in finance, accounting, or a related field, CPA preferred but not required.
•Experience: Extensive experience in finance and accounting, preferably in a law firm or professional services environment.
•Knowledge: In-depth knowledge of accounting principles, financial reporting standards, budgeting, and forecasting techniques.
•Skills: Strong analytical, problem-solving, and communication skills, with the ability to effectively present financial information to both technical and non-technical audiences.
•Leadership: Proven leadership and management skills, with the ability to motivate and develop a team.
Specifics to Law Firm Finance:
•Fee Structures: Understanding of various billing methods used in law firms (e.g., hourly, flat fee, contingency)
•Trust Account Management: Proficiency in managing and reconciling trust accounts in compliance with bar rules
•Billing and Collections: Experience with law firm-specific billing software and processes, as well as collection and accounts receivable procedures (SurePoint)
•Expense Management: Efficiently manage and process expenses, adhering to firm policies
•Partner Compensation: Knowledge of legal industry compensation structures and practices
•Law Firm Software: Proficiency in using accounting and other relevant law firm software
For immediate consideration please email your resume to jmartinos@friedmanwilliams.com and call James Martinos on 732-965-1094 for a confidential conversation.
* I am working on similar opportunities all across the US and would love to learn more about you and your career. Please give me a call today for a confidential conversation!