My client are seeking a Cash Compliance Manager to join their Finance team. This role is crucial for maintaining the high standards of financial compliance and service quality that our firm is known for. The successful candidate will contribute significantly to the effectiveness of the team, ensuring that both business objectives and regulatory requirements are met with precision.
Day-to-day of the role:
*Assist with financial operations, cashiering projects, and ensure compliance with Solicitors’ Accounts Rules.
*Undertake forensic reviews of client account balances and liaise directly with solicitors, partners, and clients to ensure the prompt return of residual balances.
*Monitor and test the work undertaken by the financial operations team to ensure adherence to regulatory requirements and internal Service Level Agreements (SLAs).
*Identify necessary improvements or remedial actions and present findings and recommendations to the management team.
*Design internal guidelines and contribute to the development of our compliance infrastructure to control our operative processes.
*Liaise with the Solicitors Regulation Authority (SRA) on Accounts Rules queries, with responsibility for the preparation of papers for appropriate submission.
*Assist with the reconciliations of all firm’s bank accounts, working with the Cashiering team to resolve issues promptly and record any breaches where necessary.
*Oversee Purchase Ledger and Cashier departments.
*Assist with SRA Accounts Rules monthly reporting requirements and the preparation of monthly Board reports.
*Deliver an effective and timely service to the firm by managing their own workload and maintaining a high degree of accuracy.
*Perform any other relevant tasks as specified by the firm and operate safely in the workplace.
Required Skills & Qualifications:
*Full knowledge of the SRA Accounts Rules.
*Previous experience within a Legal Finance Department.
*Excellent analytical and financial skills with good attention to detail.
*Demonstrable experience of reviewing and reconciling residual client account balances.
*Excellent communication and relationship-building skills, developed in a partnership environment.
*Proficiency in Excel and excellent IT skills overall.
*Commitment to delivering a professional service to the highest standards.
*Ability to prioritise own workload and achieve deadlines.
Benefits:
*Competitive salary.
*Please note this role is fully in the office
*Office hours from 9:30 am to 5:30 pm, working 35 hours per week with a one-hour lunch break.