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Skills
- Accountingunmatched
- Accounting Policiesunmatched
- Accounting Softwareunmatched
- Accounting Standards and Regulationsunmatched
- Accounts Payableunmatched
- Accounts Receivableunmatched
- Administrative Skillsunmatched
- Analysis Skillsunmatched
- Artificial Intelligence (AI)unmatched
- Attorneyunmatched
- Automationunmatched
- Banking Servicesunmatched
- Billingunmatched
- Budgetingunmatched
- Business Operationsunmatched
- Cash Flowunmatched
- Cash Managementunmatched
- Certified Public Accountant (CPA)unmatched
- Communication Skillsunmatched
- Credit and Collectionsunmatched
- Data Qualityunmatched
- Decision Supportunmatched
- Emerging Technologyunmatched
- External Auditunmatched
- Financeunmatched
- Financial Analysisunmatched
- Financial Auditunmatched
- Financial Controlunmatched
- Financial Managementunmatched
- Financial Operationsunmatched
- Financial Planningunmatched
- Financial Planning and Analysis (FP&A)unmatched
- Financial Reportingunmatched
- Financial Servicesunmatched
- Financial Strategyunmatched
- Financial Systemsunmatched
- Financial Trend Analysisunmatched
- Forecastingunmatched
- Head of Financeunmatched
- Investment Strategyunmatched
- Leadershipunmatched
- Legalunmatched
- Liquidityunmatched
- Maintain Complianceunmatched
- Mentoringunmatched
- Operational Auditunmatched
- Operational Strategyunmatched
- Organizational Skillsunmatched
- Performance Analysisunmatched
- Performance Metricsunmatched
- Process Improvementunmatched
- Professional Servicesunmatched
- Profit & Lossunmatched
- Regulationsunmatched
- Reporting Dashboardsunmatched
- Risk Analysisunmatched
- Risk Managementunmatched
- Tax Regulationsunmatched
- Team Playerunmatched
- Trust Lawunmatched
Description
A law practice with nearly 50 years'experience representing a variety of clients in the northeast beltway and beyond is seeking to hire a Controller/CFO to lead their accounting department.
This newly created leadership position reflects the firm's continued growth and commitment to strengthening its financial infrastructure.
The Controller/CFO will serve as the firm's senior financial leader, overseeing accounting, financial reporting, cash management, trust accounting, and financial analysis. The Controller/CFO will work closely with the Partners and Office Administrator/COO to provide meaningful financial insight, support strategic decision-making, and help position the firm for long-term success.
This is an excellent opportunity for a hands-on financial professional who wants to move beyond transactional accounting and play a meaningful role in the management and growth of a successful law firm.
Key Responsibilities:
Financial Leadership & Reporting
Financial Planning & Analysis
Accounting Department Leadership
Compliance & Risk Management
Technology & Process Improvement
Reporting Structure:
The Controller/CFO serves as the firm's senior financial leader and oversees the Accounting Department.
The Controller/CFO:
Qualifications:
Preferred Qualifications
This newly created leadership position reflects the firm's continued growth and commitment to strengthening its financial infrastructure.
The Controller/CFO will serve as the firm's senior financial leader, overseeing accounting, financial reporting, cash management, trust accounting, and financial analysis. The Controller/CFO will work closely with the Partners and Office Administrator/COO to provide meaningful financial insight, support strategic decision-making, and help position the firm for long-term success.
This is an excellent opportunity for a hands-on financial professional who wants to move beyond transactional accounting and play a meaningful role in the management and growth of a successful law firm.
Key Responsibilities:
Financial Leadership & Reporting
- Oversee all accounting and financial operations of the firm.
- Prepare and present monthly, quarterly, and annual financial reports to firm leadership.
- Prepare and distribute weekly cash position reports, including cash balances, collections activity, anticipated receipts, and significant upcoming expenditures.
- Develop financial dashboards and key performance indicators related to profitability, collections, realization, cash flow, and overall firm performance.
- Monitor the firm's financial position and liquidity, identifying risks and opportunities.
- Provide financial analysis and recommendations to support strategic decision-making.
Financial Planning & Analysis
- Develop financial forecasts, reporting tools, and performance metrics to support firm leadership.
- Provide analysis and recommendations related to profitability, staffing, compensation, and strategic investments.
- Partner with the Partners and Office Administrator/COO to evaluate financial trends, business opportunities, and operational initiatives.
- Help establish and enhance budgeting, forecasting, and long-range financial planning processes as the firm continues to grow.
Accounting Department Leadership
- Lead, mentor, and develop the Accounting Department.
- Oversee billing, accounts receivable, accounts payable, and related functions.
- Improve processes, workflows, and internal controls to enhance efficiency, accuracy, and accountability.
- Promote a collaborative, service-oriented culture within the department.
Compliance & Risk Management
- Oversee trust/IOLTA accounting and ensure compliance with applicable rules and regulations.
- Ensure compliance with tax, audit, and reporting requirements.
- Coordinate with external accountants, auditors, banking partners, and other advisors.
- Maintain strong financial controls and accounting policies.
Technology & Process Improvement
- Optimize accounting and financial systems.
- Ensure data integrity across accounting, billing, and reporting platforms.
- Identify opportunities to improve automation, reporting, and operational efficiency.
- Leverage emerging technologies and AI-powered tools to enhance accounting operations, financial analysis, and reporting.
Reporting Structure:
The Controller/CFO serves as the firm's senior financial leader and oversees the Accounting Department.
The Controller/CFO:
- Reports directly to the Partners regarding financial performance, reporting, forecasting, and strategic financial matters.
- Works closely with the Office Administrator/COO on staffing, operational initiatives, technology investments, and firm-wide planning.
- Provides leadership and direction to the Accounting Department.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field.
- 7+ years of progressive accounting and financial leadership experience.
- Prior experience in a law firm or professional services environment.
- Strong knowledge of financial reporting, cash management, internal controls, and accounting operations.
- Experience leading and developing accounting teams.
- Exceptional analytical, organizational, and communication skills.
Preferred Qualifications
- CPA designation.
- Experience with legal accounting software such as Orion, Aderant, Elite, Tabs3, or similar platforms.
- Knowledge of trust accounting and law firm financial operations.
- Experience implementing process improvements and financial reporting tools.
Numbers & Facts
| Location | Bethesda, MD |
| Industry | Staffing/Employment Agencies |
| Salary | $160,000 |
| Company Size | 50 to 99 employees |
| Year Founded | 2002 |
| Website | https://phaxis.com/ |
About Company
We stand for PERSEVERANCE, as we refuse to quit when the journey gets tough. Your gold is our mission, and we search day and night to find it.