Job Description

A rare opportunity has arisen for an Accounts Administrator with a leading law firm based in Spennymoor. You must have a proactive approach with a willingness to work as part of a close-knit team where there are genuine progression opportunities for the right person. The salary on offer is also competitive and will depend on experience.

Introduction:

The Accounts Administrator is responsible for assisting with the management of client and office ledgers, ensuring all financial records are accurate and up-to-date in compliance with Solicitors' Accounts Rules (SAR). The role also involves handling payments, maintaining financial records, and ensuring the smooth operation of the firm's financial systems.

Key Responsibilities:

Ledger Management and Administration:

Maintain and administer a large volume of client and office ledgers, ensuring that all financial transactions are recorded accurately and promptly. Regularly update and review ledgers to identify discrepancies, correct errors, and ensure compliance with legal standards. Prepare detailed financial reports to assist management in decision-making and support the firm's financial operations.

Payment Processing and Financial Transactions:

Prepare various types of payments, including BACS, CHAPS, and Faster Payments ready for authorisation and execution. Verify payment details, ensure the availability of funds, and maintain accurate records of all outgoing and incoming transactions. Address any issues related to failed or disputed payments, and ensure clients are informed of transaction statuses promptly.

Assisting with Reconciliation:

Assist with daily and monthly reconciliation tasks, supporting the accounts team in maintaining up-to-date and accurate financial records. Help identify discrepancies and provide assistance in resolving any issues to keep accounts in balance and compliant with relevant regulations.

Compliance and Regulatory Adherence:

Ensure all financial practices adhere to Anti-Money Laundering (AML) regulations and Solicitors' Accounts Rules (SAR). Stay updated on relevant legislation through ongoing training and actively apply this knowledge to daily tasks to maintain the firm's compliance standards.

Key Skills and Competencies:

Financial Acumen:

Strong understanding of financial processes, including account reconciliation, ledger management, and payment systems.

Attention to Detail:

Ability to handle a high volume of transactions and maintain accuracy under pressure.

Communication Skills:

Confident communicator with the ability to liaise with clients, law firms, and colleagues effectively.

IT Skills:

Proficient in Microsoft Office, particularly Excel, and experienced in using legal practice case management.

Time Management:

Capable of managing multiple tasks simultaneously, prioritising workload, and meeting deadlines. Ability to work under pressure essential and good organisational skills

Problem Solving:

Strong analytical skills with the ability to resolve discrepancies and financial queries quickly and effectively.

Compliance Knowledge:

Familiar with Anti-Money Laundering (AML) regulations and Solicitors' Accounts Rules (SAR).

Qualifications and Experience:

Education:

A Level or equivalent in relevant subjects such as Business, Finance, or Law. A Diploma in Legal Bookkeeping is advantageous (or currently working towards it) but not essential.

Experience:

Previous experience in a financial or administrative role within a legal setting is preferred, though not essential. Familiarity with legal bookkeeping systems is a plus.

Training:

Anti-Money Laundering (AML) trained, and proficient in handling Solicitors' Accounts Rules (SAR).

Job Type: Full-time

Pay: From 24,000.00 per year

Additional pay:

Bonus scheme
Benefits:

Company events Company pension Free parking Private medical insurance
Schedule:

Monday to Friday
Experience:

Accounting: 1 year (preferred) bookkeeping: 1 year (preferred)
Work Location: In person