About the job
Chief Financial Officer
The Firm’s Chief Financial Officer (CFO) sets and monitors profitability targets, analyzes practice area performance and advises on pricing, billing rates and realization; Works with the Firm’s Managing Shareholder and Executive Committee on Shareholder compensation models, origination credit, billables and collections; Reports on financial impact when hiring lateral Shareholders / Shareholder Groups. Oversees billing cycles and collections, accounts receivable and working capital and distributions for Shareholders; Builds the annual budget for the Firm, monitors overhead (rent, staff, technology needs) and identifies creeping or inefficient ROI; Prepares and presents financial reports to the Managing Partner and Executive Committee; Manages lines of credit, oversees capital structure and ensures compliance with financial covenants. This role reports to the Managing Shareholder, the Executive Committee and the Executive Director.
Duties / Responsibilities:
- Provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
- Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
- Direct and oversee all aspects of the finance, accounting, billing, collections, and payroll functions of the Firm.
- Manage cash flow daily.
- Evaluate and advise on the impact of long-range financial planning.
- Provide Executive Committee with advice on the financial implications of business activities.
- Provide Shareholders with information on the Firm's financial position and other financial information.
- Responsible for evaluating equity and debt structures to determine affordability of growth and deployment of financial resources / capital.
- Manage processes for financial forecasting, budgets and reporting.
- Provide recommendations to strategically enhance financial performance and business opportunities.
- Ensure that effective internal controls are in place.
- Be point for the Firm's relationship with banks and other financial institutions.
Qualifications / Experience:
- CPA (preferred)
- Proficiency in Aderant (Iridium) and/or Elite Software
- Five -Ten Years’ experience in the Legal Industry
- Strong written and verbal communication skills.
- Strong references
The Role:
The firm seeks a Chief Financial Officer who:
- works closely with the Shareholders and Executive Director to understand their specific needs.
- has a keen understanding of the Firm’s culture.
- is flexible and able to “wear different hats.”
- is responsive and communicative.
- can juggle various tasks simultaneously, efficiently, and accurately.
- has excellent attention to detail.
- is confident and professional.
- will be a highly motivated team player.
- is eager to learn and share their own knowledge and experience.
- wants to be part of a collaborative team
- can positively contribute to the professional and collegial environment in which they work.
- strives to develop their professional skills and advance their own career.
- fosters an inclusive and diverse environment in which unique characteristics are valued.
Skills:
- Proficient in MS Office Suite: Outlook / Word / Excel / PowerPoint.
- Be detail-oriented, organized and attentive.
- Be efficient and reliable.
- Possess a “can do” attitude and maintain a positive team player mentality.
- Able to deliver a high standard of customer service in a fast-paced environment.
- Able to communicate effectively with attorneys, staff, and team members regarding commitments, deadlines, challenges, requests, etc.
- Able to prioritize and handle multiple tasks simultaneously.
- Able to work independently with minimal direct supervision.
- Willing and able to learn new skills.
The Firm:
The firm was founded in 1969 on the principles of integrity, excellence in the practice of law, and straightforward solutions to complex legal issues.
The Firm’s founding Partners were committed to building a Firm that serves the public welfare and fosters a culture of mutual respect, aid, and consultation among all members of the Firm.
Their ideals are the bedrock of the Firm’s culture to this day, including:
- excellent work and client service
- a high level of personal satisfaction in professional practice
- serving priorities other than maximal earnings
- dealing forthrightly with mistakes and fostering free discussion
- mutual support among colleagues without regard to hierarchical distinctions
Pay: $250,000.00 - $300,000.00 per year
Experience:
- Law firm: 5 years (Preferred)
- Chief Financial Officer: 10 years (Preferred)
- Pivot tables: 5 years (Preferred)
Work Location: In person
