Legal Cashier

The Legal Cashier is required to operate the day to day transactions of our main client account. Under the supervision of the Treasury Supervisor, and sat within the dynamic, non-traditional accountancy function of a well-known law firm, you will be expected to meet challenging internal and external banking deadlines.

Client Details

An independent law firm, with a rich history. A centuries-long tradition of advising the likes of private families is today complemented by our work with Businesses, Financial Services and high-net worth individuals. This role is located in their impressive, ideally-located Holborn, Central London offices.

Description

Responsibilities of the Legal Cashier:

• Operating the daily banking transactions for the firm's main client account, regularly monitoring the account via online banking and internal requests to ensure that all payments and receipts are dealt with in a timely manner. The Legal Cashier will be required to understand our internal processes and external banking deadlines in order to apply them prior to passing online payments onto senior members of the team to authorise.

• Responsibility for keeping client ledgers up to date, posting all payments, receipts and transfers the same day and in time to make daily transfer of funds between the main client account and the interest bearing composite client account. Keeping an up to date record of electronic payments and updating clients disbursement ledgers with relevant bank charges.

• Taking instructions in relation to placing client funds on money market deposit accounts, liaising with our bankers and internal clients with regards to interest rates and renewal dates. Ensuring clients ledgers are kept up to date at all times.

• Preparing daily bank reconciliations. Overseen by the Treasury Supervisor to ensure that a clear and accurate bank reconciliation report is produced at each month end.

• Calculating interest on clients' accounts as required and making a daily transfer between our office account and client account. Calculations will either be system generated or, on occasion, making use of Excel for adhoc requests.

Distributing a fortnightly report in relation to non-earmarked client account balances with bills outstanding, to assist with compliance of the SRA 14 day rule.

Profile

Skills and Experience

• At least two years' experience in a legal cashier role.

• Experience of working with a PMS system such as Aderant or Elite is preferable.

Education and Qualifications

• Qualified to GCSE standard, grade C (or equivalent) at Mathematics and English essential.

Job Offer

Offering up to £35,000 with a comprehensive benefits package.