What are the responsibilities and job description for the Vice President Finance position at Addition Management?
Position: VP of Finance
Location: North NJ (Fully on site)
Salary: $250K – $300K Bonus
Growing Law firm seeks new VP of Finance to lead their Team!!
Primary Responsibilities:
• Directs and maintains responsibility for the financial functions of the Firm, acting as a key strategic business advisor.
• Maintains and improves the integrity of the firm’s financial practices, and oversees relationships with financial institutions, auditors, and CPAs.
• Evaluates, implements, and supports the effectiveness of internal financial controls.
• Assists in the implementation of financial and business tactics that further the Firm’s strategic plan, providing support and input to the Managing Partner, Management Committee, Practice Group Leaders, COO, and Firm Officers.
• Oversees and participates in cash management, budgeting, billing, collections, vendor payments, payroll, internal and external audits, and retirement plan issues.
• Leads and manages a professional staff which includes an Accounting Manager, a Financial Analyst, a Billing Supervisor, Payables Supervisor, Accounts Receivable Supervisor, and Collections Supervisor.
• Optimizes the performance of the Finance Department, ensuring accurate handling of daily transactions while continuing to provide excellent customer service to the partners, attorneys, and staff.
• Hires, trains, evaluates, and develops Finance Department staff.
• Performs timely and complex financial analyses to provide input on the Firm’s business transactions and strategic initiatives. Creates profitability and cost-benefit analysis reports as well as evaluation of possible lateral combinations.
• Prepares and distributes monthly partnership financial reports, including productivity and financial statements. Evaluates effectiveness of the report package and recommends changes as needed.
• Monitors trends and performs benchmarking within the legal industry. Provides input, recommendations, and insights to key stakeholders.
• Participates in various Firm Committees, including but not limited to Finance, 401(k), Insurance, Risk Management, and in the efforts of the Firm’s seven core Practice Groups
Qualifications:
• 10 years’ experience in progressively responsible leadership roles
• Master’s degree in accounting, Finance or Business Administration, or equivalent business experience
• CPA preferred.
• Demonstrated understanding of law firm billing/accounting system software such as Elite Enterprise, Aderant Expert, Whitehill Document Studio, DTE time entry tool, financial statement software FRX, BI software Redwood/Spotlight
• Ability to bring and manage meaningful change and participate in Process Improvement and Project Management initiatives.
Salary : $250,000 - $300,000