Business Analyst

Job Description

Job Description

About Prestige Accounting & Consulting

Prestige Accounting & Consulting is an accounting and business advisory firm that helps law firm owners understand their finances, improve profitability, strengthen operations, and build scalable businesses.

Our work extends beyond bookkeeping, tax preparation, and financial reporting. We help law firm owners make better decisions about cash flow, hiring, compensation, marketing, technology, leadership, and long-term growth.

Our advisors serve as strategic partners to clients by translating financial and operational information into clear, practical recommendations.

Position Summary

The Law Firm Business Advisor is responsible for helping law firm owners understand their financial performance and make informed decisions that support profitable, sustainable growth.

This position combines accounting knowledge, financial analysis, business consulting, client relationship management, and executive coaching. The advisor will conduct regular client meetings, review financial and operational performance, identify challenges, recommend solutions, and hold clients accountable for implementing agreed-upon action plans.

The ideal candidate is financially knowledgeable, highly consultative, comfortable leading conversations with business owners, and able to explain complex information in clear, practical language.

This is not a traditional accounting position focused primarily on preparing financial statements or completing reconciliations. The successful candidate will use financial information as the foundation for broader conversations about strategy, operations, team development, marketing, profitability, and growth.

Compensation:

$60,000 - $80,000 yearly

Responsibilities: Client Advisory Meetings

• Lead approximately 15–20 client advisory meetings per week after completing the onboarding and training period.

• Prepare for each meeting by reviewing financial statements, budgets, key performance indicators, previous action items, and relevant operational information.

• Facilitate structured conversations that help law firm owners understand what is happening in their businesses and what actions they should take next.

• Explain financial results in plain language and connect those results to business operations and decision-making.

• Establish credibility and trusted-advisor relationships with law firm owners, partners, and leadership teams.

• Document meeting decisions, recommendations, responsibilities, and deadlines.

• Follow up with clients to encourage accountability and implementation.

Financial Analysis and Planning

• Review profit-and-loss statements, balance sheets, cash-flow reports, budgets, forecasts, accounts receivable, and other management reports.

• Identify financial trends, risks, inconsistencies, and opportunities for improvement.

• Help clients develop and maintain annual budgets and rolling financial forecasts.

• Evaluate whether clients can afford proposed hires, compensation changes, marketing investments, technology purchases, or other expenditures.

• Help clients establish revenue, profit, cash-reserve, and owner-compensation goals.

• Monitor actual performance against budgets, forecasts, and established targets.

• Partner with Prestige’s accounting team to resolve reporting issues and improve the accuracy and usefulness of client financial information.

• Identify situations requiring tax-planning, accounting, bookkeeping, payroll, or compliance support and coordinate with the appropriate internal team members.

Business Growth and Operational Consulting

• Advise clients on hiring plans, organizational structure, role clarity, compensation, and staffing capacity.

• Help clients evaluate attorney, paralegal, and support-staff productivity.

• Assist clients in developing meaningful financial and operational key performance indicators.

• Evaluate marketing spending and help clients understand cost per lead, cost per client, return on investment, conversion rates, and marketing profitability.

• Help clients assess pricing, billing, collections, utilization, realization, matter profitability, and service delivery.

• Identify operational barriers that are limiting profitability, capacity, client service, or growth.

• Guide clients through quarterly and annual planning conversations.

• Recommend improvements to systems, processes, technology, delegation, and accountability.

• Help clients translate long-term business goals into practical quarterly priorities and action plans.

Client Success and Relationship Management

• Maintain regular communication with assigned clients.

• Monitor client engagement, satisfaction, progress, and risk.

• Proactively address concerns that could negatively affect the client relationship.

• Identify clients who are not implementing recommendations and develop appropriate accountability strategies.

• Coordinate with internal accounting, tax, bookkeeping, and operations team members to ensure a consistent client experience.

• Recognize opportunities where clients may benefit from additional Prestige services.

• Encourage client referrals by consistently delivering valuable advice and an exceptional client experience.

• Participate in client onboarding, quarterly reviews, annual planning sessions, and service-renewal conversations.

Internal Collaboration and Continuous Improvement

• Maintain accurate client notes, action plans, meeting summaries, and follow-up tasks in the company’s designated systems.

• Participate in internal client-status meetings and communicate important developments to the appropriate team members.

• Help develop and improve Prestige’s advisory tools, templates, scorecards, meeting agendas, and consulting processes.

• Share recurring client challenges and emerging law firm trends with company leadership.

• Participate in professional development related to law firm management, accounting, consulting, leadership, and financial strategy.

• Support the training and mentoring of future business advisors as the advisory department grows.

Performance Expectations

Performance in this position will be evaluated using measures such as:

• Client retention and satisfaction.

• Client meeting completion and preparation quality.

• Timeliness and quality of meeting notes and follow-up.

• Completion of client action plans and quarterly priorities.

• Accuracy and usefulness of financial analysis.

• Client engagement and responsiveness.

• Portfolio profitability and service efficiency.

• Client referrals and appropriate service-expansion opportunities.

• Internal collaboration and communication.

• Contribution to the improvement of Prestige’s advisory processes.

Qualifications: Required:

• Bachelor’s degree in accounting, finance, business administration, economics, or a related field.

• At least five years of relevant professional experience in accounting, financial management, business advisory, consulting, controllership, outsourced accounting, or fractional CFO services.

• Strong understanding of financial statements, budgeting, forecasting, cash flow, profitability, and financial analysis.

• Demonstrated experience communicating financial information to business owners or nonfinancial leaders.

• Experience independently leading client, executive, or management meetings.

• Strong business judgment and problem-solving abilities.

• Excellent verbal and written communication skills.

• Ability to ask thoughtful questions, challenge assumptions, and provide direct but professional feedback.

• Strong organizational and time-management skills.

• Ability to manage a high volume of client meetings, follow-up responsibilities, deadlines, and competing priorities.

• Proficiency with Microsoft Office or Microsoft 365, especially Excel, Outlook, Word, Teams, and PowerPoint.

• Experience using QuickBooks Online or a comparable accounting platform.

Preferred:

• CPA, CMA, MBA, or other relevant professional credential.

• Experience working with law firms, professional-service businesses, or owner-operated companies.

• Experience in outsourced CFO, client advisory services, management consulting, business coaching, or financial consulting.

• Familiarity with law firm financial metrics, including utilization, realization, collection rates, matter profitability, attorney productivity, and accounts receivable.

• Experience with legal practice-management or billing platforms such as Clio, Lawmatics, Smokeball, PracticePanther, MyCase, LeanLaw, or similar systems.

• Familiarity with IOLTA or trust-accounting requirements.

• Experience advising clients on hiring, compensation, organizational structure, marketing performance, or operational improvement.

• Experience managing a recurring portfolio of advisory clients.

Knowledge, Skills, and Abilities

The successful candidate should be able to:

• Interpret financial statements and quickly identify the story behind the numbers.

• Convert financial information into clear business recommendations.

• Communicate confidently with law firm owners and senior leaders.

• Balance empathy with accountability.

• Build strong relationships while maintaining professional boundaries.

• Recognize when a client needs encouragement, education, challenge, or escalation.

• Prioritize recommendations rather than overwhelming clients with too many initiatives.

• Lead productive meetings that result in clear decisions and action items.

• Navigate difficult conversations involving performance, profitability, staffing, spending, and leadership.

• Work independently while collaborating effectively with an accounting and advisory team.

• Maintain confidentiality when handling sensitive financial, employee, and business information.

About Company

At Prestige Accounting & Consulting, our expertise in IOLTA Accounting and legal accounting enables us to leverage specialized strategies to boost the profitability of law firms.

Our unique ABC bundle, consisting of Accounting, Business, personal taxes, and Consulting, comes at a flat monthly rate, eliminating any unexpected expenses.

CORE VALUES

A.I.C.P.A

• Always Improving
• Innovation
• Clarity
• Passion
• Accurate Results

We make sure clients are ALWAYS IMPROVING. Now that we live in a digital age, we always seek new methods of INNOVATION to streamline business processes to better serve more clients. We help clients embrace CLARITY so that they can focus on working with the community they wish to serve. We help clients obtain profits from their PASSION. We help clients monitor success by tracking ACCURATE RESULTS.