Description

Senior Partnership Accounting Analyst

Locations: San Francisco, California; Austin, Texas; Boston, Massachusetts; Denver, Colorado; Los Angeles, California; Coral Gables, Florida; New York, New York; Palo Alto, California; San Diego, California; Washington, District Of Columbia
Categories: Accounting/Finance
Req ID: 3648

Job

Overview

At MoFo, we couldnt write our own success story without yours. Ready to write your story?

Join MoFo as a Senior Partnership Accounting Analyst on our Financial Operations team!

This role can be based in San Francisco or New York.
https://www.mofo.com/offices

ABOUT THE ROLE

The Senior Partnership Accounting Analyst works with the Partnership Accounting Manager with maintaining the partners capital accounts, partners profit distributions and the requests and inquiries of individual partners and other Finance Teams. This individual will ensure client service and satisfaction are attained in all areas of position. They will assist in development and implementation of procedures to optimize these processes. They will provide work direction and training to the Partnership Accounting Analyst.

Partnership Accounting

• Maintain familiarity with Partnership Agreement, with focus on Article IV (Rights and Obligations of the Partner in Financial Matters) and Article V (Retirement).
• Prepare, process and review Partners scheduled distributions and deductions. Ensure accuracy and timeliness of payments. Provide reports to General Ledger, Accounts Receivable, Treasury, Benefits, Tax, and other teams as necessary.
• Recalculate the monthly distributions based on the approved partner points for the year. Recalculate tax withholding amounts. Enter new pay and withholding amounts to Ascentis. Calculate any retro-active adjustments to distributions and taxes.
• Communicate, as needed, with Finance Managers in foreign offices to inform them of any changes to partner distributions, including year-end true-up distributions. Work with Finance Managers to resolve any issues.
• Work with HR, Benefits, and Payroll teams to ensure proper setup of new partners and updates of existing partners in payroll system, including benefits deductions and direct deposit information. Collaborate on creating and maintaining effective processes for change management.
• Ensure partner income arrangements including special arrangements, partners' status changes and FTE percentages are appropriately documented and entered into the partnership/payroll system.
• Collaborate with the Retirement Manager to ensure accurate deductions of retirement plan contributions and loan repayments. This includes reviewing deduction amounts and relaying any changes to the Retirement Manager, confirming final deductions with the Retirement Manager to ensure correct amounts are wired to each plan and working with Retirement Manager to resolve any issues.
• Work with the Billing group for the deduction of Partners personal expenses. Obtain backup for any large expense amounts and confirm with the partner as to the legitimacy of the amount.
• Work with the Benefits and Leave Manager on the status of partner leaves. Provide periodic distribution schedules, for partners on leave, as requested by the disability carrier.
• Develop and maintain cash flow schedules for London, Berlin, Brussels and Singapore partners. Prepare wire forms, based on the cash flow information, for multi-currency and multi-entity distribution payments. Obtain wire form approvals from the Partnership Accounting Manager. Work with Accounts Payable to ensure wired distributions are processed accurately and timely.
• Maintain the distribution file for London partners. After final review, send the file to the European Finance Manager for processing. Work with European Finance Manager to resolve any issues.
• Determine Partners charitable contribution allocations and make appropriate deductions. Coordinate with Foundation administration and with European Finance Manager.
• Research and respond to partner inquiries and issue in a timely and appropriate manner.
• Proactively identify opportunities for process improvement, and work with Partnership Accounting Manager to design and implement change. Prepare, process, and review periodic profit distributions. Includes setting up initial analysis to determine appropriate gross distribution amounts, and coordinating with Retirement Manager, Tax Manager and others to gather relevant deduction schedules for each distribution.

ABOUT YOU

• A minimum of a four-year university degree, preferably in Finance or Accounting. Five plus years experience in the Finance Department of a large international law firm or international professional services firm. Hands on experience in the partner compensation area strongly preferred.
• Demonstrate deep knowledge of partnership finance and compensation and related processes, and ability to advise and guide others in the application of this knowledge in best practices.
• Ability to take an assignment from inception to completion with minimal supervision or by following broad guidelines.
• Provide work direction and training to other Partnership Accounting Analysts on team.
• Ability to perceive and analyze problems and to develop responsive solutions.
• Ability to prepare accurate, highly detailed work product.
• Commitment to delivering client service by assisting co-workers.
• Ability to build relationships with key stakeholders. Excellent communication skills and the ability to build effective internal and external client relationships.
• Advanced proficiency in Excel, including importing files, manipulating data, creating complex formulas and designing intelligent spreadsheets.
• Ability to apply effective independent judgment.
• Strong motivation to apply skills and knowledge proactively.
• Ability to manage multiple requests, to assess priorities, and achieve solutions under deadlines.
• Strong organizational skills; ability to prioritize work, and to work within competing deadlines.
• Available to work overtime as needed.
• Reliability, dependability, and strong motivation to respond to requests quickly.
• Excellent teamwork skills and a strong client service orientation.

ABOUT MOFO

At MoFo, we collaborate as one firm, across borders, practice areas, and business functions and value fresh ideas and innovation over conformity and competition.

• About Us: https://www.mofo.com/about
• Inclusion + Engagement: https://www.mofo.com/community/we-at-mofo
• Commitment to Pro Bono: https://careers.mofo.com/careers-pro-bono
• The MoFo Foundation: https://www.mofo.com/culture/mofo-foundation

ABOUT OUR BENEFITS

MoFo offers a comprehensive benefits package starting on your first day.

• A variety of options for medical, dental, vision, life and disability coverage to meet the needs of you and your family.
• Industry-leading parental leave and family benefits including adoption and fertility treatment options and backup child and elder care.
• Global wellness program, including free access to Talkspace and Calm apps.
• Annual community service day to make an impact on your community and a birthday holiday just for fun.
• Education reimbursement annually.
• Dedicated Talent Development team.
• Competitive annual profit-sharing contribution.

Where required by law, salary ranges are stated below. Additional compensation may include a discretionary bonus, overtime as applicable, health/welfare benefits, retirement contributions, paid holidays, and PTO. The range displayed is specifically for positions performed in those cities/states and may vary based on factors including but not limited to the following: local market data and ranges; an applicant's skills and prior relevant experience; and certain degrees, licensing, and certifications.

New York, San Francisco salary range: $104k to $140k

For questions regarding this position, please e-mail jobs@mofo.com

Morrison & Foerster is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, religion, creed, ethnic or national origin, ancestry, age, disability, veteran or military status, marital status, pregnancy, sexual orientation, gender identity, domestic partner status, and other categories protected by applicable laws, or in retaliation for opposition to any practices forbidden under this policy.

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