Mishcon has experienced a huge amount of growth in recent years and
our success shows no sign of stopping. We have doubled in size in the
last five years and are lucky enough to retain a really strong,
values-based culture. Our Finance team also continues to go from
strength to strength and we are involved in exciting and innovative
initiatives across the firm. Rather than being considered a necessary
support function, our Finance department is an integral part of the
strategy of the firm and this is reflected both by the level of
investment and how new initiatives are discussed at the most senior level.
The Role
The role is to deliver a legacy
project reconciling partner balances and their tax reserves.
Reporting into the Head of Partnership
Finance and working as part of the Partnership Finance team, you
will be working closely with other team members, notably one of the
Senior Tax Managers and the Partnership Accountant. In addition,
some working with other members of Finance and external advisers may
be needed.
Duties and Responsibilities
Preparation of partner statements
reconciling tax reserves to the partner current account statements
and partner accounting. The statement will identify where there is a
release of surplus reserves to partners or any under reserves to be
clawed back, outlining the reasons behind the surplus/shortfall.
The project has three phases:
Data Extraction and Integrity
Ensuring that the project uses
robust data and that there is a clear audit trail from source data
to final deliverables. (Data is held across multiple sources).
Detailed review of partner
accounting history, current account statements and tax balances.
Development and maintenance of a
model/database which captures the data to efficiently generate
partner statements.
Interrogation
Detailed review of results for
each partner to identify differences, gaps and inconsistencies.
Investigation and resolution of review points.
Delivery
Reporting regular progress reports
and results in a clear concise manner.
Delivery of statements to partners -
providing additional information/explanation where required.
Skills/Experience
Extensive experience of working in
a Partnership Finance team to include:
Partner current account and tax payments
Partner tax reserving and reconciliations
Spreadsheets - ability to
produce, maintain, manipulate and interrogate large amounts of
data
Partner (personal) taxation
(including basis periods and overlap profits) and related accounting
In addition, the following skills
are requisite:
Tax and/or Accounting qualification
Strong attention to detail with
a methodical and logical approach
Ability to work independently
Strong
communication/presentation skills both oral and written
High levels of confidentiality,
discretion, and diplomacy
Ability to work under pressure
and deliver to timetable
Confident in dealing face to face with Finance leaders and
partners in a measured way with the ability to impart complex
matters clearly
Please note that this job profile is not an exhaustive list of
duties but merely an outline of the key components of the role. You
may be required by your line manager to take on additional
responsibilities when requested.
About The Mishcon de Reya Group
The Mishcon de Reya Group is
an independent international professional service business with law at
its heart, employing over 1450 people with close to 670 lawyers. It
includes the law firm Mishcon de Reya LLP and a collection of leading
consultancy businesses that complement the firm's legal services. We
have grown rapidly in recent years, showing more than 40% revenue
growth in the past five years alone.
Based in London, Cambridge, Oxford, and Singapore, with an
association with Karas So LLP in Hong
Kong, the firm services an international community of clients and
provides advice in situations where the constraints of geography often
do not apply. The work we undertake is cross-border,
multi-jurisdictional and complex, spanning six core practice areas: Corporate; Dispute Resolution; Employment; Innovation; Private; and Real Estate.
As of 1 January 2023, Mishcon de
Reya andTaylor Vintersmerged. The merger delivers on
both firms' strategies to support the innovation economy and
accelerate our growing share of the technology, media and
life-sciences legal and consultancy services market in the UK and in
key international innovation hubs globally.
In times of such far-reaching and
profound change we want to be the law firm that enables our clients
- and our own people - to shape the world's possibilities. We are
here to help our clients benefit from new economies, new geographic
centres of wealth, the new global movement of people and capital,
and the impact of new technologies and new knowledge.
Our purpose remains rooted in our
founding values. We take pride in the diverse range of people who
make up the firm and are proactive in driving change and continuous
improvement across the spectrum of equality, diversity and inclusion.Mishcon Academy, our in-house place of learning,
development and new thinking for our people, clients and contacts
and our innovative impact strategy, including acommitment to be a net zero carbon business, also play a central strategic
role in the direction of the firm. In 2020 we launchedMishcon Purpose, a first-of-its-kind
sustainability practice providing Environmental, Social and
Governance (ESG) advice and purpose-driven insight to clients.
We strive to create a fully diverse and inclusive workplace where all
our people are empowered to fulfil their potential. We are proud of
our agile working culture and are always happy to talk flexible working.