Controller/CFO
Phaxis
Job Description A law practice with nearly 50 years'experience representing a variety of clients in the northeast beltway and beyond is seeking to hire a Controller/CFO to lead their accounting department.
This newly created leadership position reflects the firm's continued growth and commitment to strengthening its financial infrastructure. The Controller/CFO will serve as the firm's senior financial leader, overseeing accounting, financial reporting, cash management, trust accounting, and financial analysis. The Controller/CFO will work closely with the Partners and Office Administrator/COO to provide meaningful financial insight, support strategic decision-making, and help position the firm for long-term success. This is an excellent opportunity for a hands-on financial professional who wants to move beyond transactional accounting and play a meaningful role in the management and growth of a successful law firm. Key Responsibilities: Financial Leadership & Reporting
This newly created leadership position reflects the firm's continued growth and commitment to strengthening its financial infrastructure. The Controller/CFO will serve as the firm's senior financial leader, overseeing accounting, financial reporting, cash management, trust accounting, and financial analysis. The Controller/CFO will work closely with the Partners and Office Administrator/COO to provide meaningful financial insight, support strategic decision-making, and help position the firm for long-term success. This is an excellent opportunity for a hands-on financial professional who wants to move beyond transactional accounting and play a meaningful role in the management and growth of a successful law firm. Key Responsibilities: Financial Leadership & Reporting
- Oversee all accounting and financial operations of the firm.
- Prepare and present monthly, quarterly, and annual financial reports to firm leadership.
- Prepare and distribute weekly cash position reports, including cash balances, collections activity, anticipated receipts, and significant upcoming expenditures.
- Develop financial dashboards and key performance indicators related to profitability, collections, realization, cash flow, and overall firm performance.
- Monitor the firm's financial position and liquidity, identifying risks and opportunities.
- Provide financial analysis and recommendations to support strategic decision-making.
- Develop financial forecasts, reporting tools, and performance metrics to support firm leadership.
- Provide analysis and recommendations related to profitability, staffing, compensation, and strategic investments.
- Partner with the Partners and Office Administrator/COO to evaluate financial trends, business opportunities, and operational initiatives.
- Help establish and enhance budgeting, forecasting, and long-range financial planning processes as the firm continues to grow.
- Lead, mentor, and develop the Accounting Department.
- Oversee billing, accounts receivable, accounts payable, and related functions.
- Improve processes, workflows, and internal controls to enhance efficiency, accuracy, and accountability.
- Promote a collaborative, service-oriented culture within the department.
- Oversee trust/IOLTA accounting and ensure compliance with applicable rules and regulations.
- Ensure compliance with tax, audit, and reporting requirements.
- Coordinate with external accountants, auditors, banking partners, and other advisors.
- Maintain strong financial controls and accounting policies.
- Optimize accounting and financial systems.
- Ensure data integrity across accounting, billing, and reporting platforms.
- Identify opportunities to improve automation, reporting, and operational efficiency.
- Leverage emerging technologies and AI-powered tools to enhance accounting operations, financial analysis, and reporting.
- Reports directly to the Partners regarding financial performance, reporting, forecasting, and strategic financial matters.
- Works closely with the Office Administrator/COO on staffing, operational initiatives, technology investments, and firm-wide planning.
- Provides leadership and direction to the Accounting Department.
- Bachelor's degree in Accounting, Finance, or a related field.
- 7+ years of progressive accounting and financial leadership experience.
- Prior experience in a law firm or professional services environment.
- Strong knowledge of financial reporting, cash management, internal controls, and accounting operations.
- Experience leading and developing accounting teams.
- Exceptional analytical, organizational, and communication skills.
- CPA designation.
- Experience with legal accounting software such as Orion, Aderant, Elite, Tabs3, or similar platforms.
- Knowledge of trust accounting and law firm financial operations.
- Experience implementing process improvements and financial reporting tools.
Vacancy posted 1 day ago
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