Director of Finance

Our client is seeking a Director of Finance to serve as the senior-most financial executive at their firm, providing strategic financial leadership and ensuring operational excellence. As a key member of the leadership team, you will be responsible for overseeing all financial functions, optimizing profitability, and driving business strategy through data-driven insights. The ideal candidate is a proactive, detail-oriented leader with extensive experience in law firm financial management. You will not only manage the firm’s finances but also provide high-level strategic advice on business operations, risk management, and firm-wide decision-making.



Key Responsibilities:

Financial Operations & Strategy:

• Oversee and manage all financial operations, ensuring compliance with best practices and regulations.
• Develop and implement financial strategies that align with the firm’s long-term goals.
• Prepare, analyze, and present weekly, monthly, quarterly, and annual financial reports to firm leadership.
• Provide financial forecasts and profitability analysis for individual timekeepers, departments, and the firm overall.
• Monitor and optimize cash flow management and bank accounts, ensuring financial stability.
• Develop and maintain the annual budget, adjusting as necessary to support firm objectives.
• Act as the primary liaison with external accountants for tax filings, PTET processes, and financial audits.

Compensation & Billing:

• Calculate and manage owner compensation estimates, working closely with the Management Committee.
• Oversee and analyze lawyer onboarding compensation packages and adjustments.
• Support high-level billing and accounts receivable (AR) operations, resolving complex technical issues.
• Work with the Finance Team and Management Committee to determine annual billable rate increases.
• Process and manage monthly partner draws and quarterly origination bonuses.

Compliance & Risk Management:

• Oversee and manage client trust/IOLTA accounts, ensuring compliance with regulatory requirements.
• Work with owners and financial institutions on line of credit renewals and financial agreements.
• Reconcile real estate closings, applying payments from trust accounts as needed.
• Monitor and process professional corporation renewals, registrations, and payments for firm owners.
• Ensure compliance with multi-state financial regulations and manage related tax payments.
• Review contract renewals for software, services, vendors, and operational expenses.

Leadership & Collaboration:

• Lead the Finance and Accounting team, fostering a culture of accountability and excellence.
• Partner with the HR & Operations team on financial matters, including 401(k) administration, health insurance renewals, and compensation planning.
• Work closely with the Director of HR & Operations to oversee business insurance policies, including EPLI, malpractice, liability, cybersecurity, and worker’s compensation.
• Lead weekly management committee meetings and monthly partner meetings to review financial health and strategy.
• Collaborate with IT teams and vendors on firm-wide technology projects and improvements.

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Qualifications:

• Bachelor’s degree required; MBA, CPA, or CLM certification preferred.
• 10+ years of experience in law firm financial management, with a proven track record of leadership.
• Strong analytical, problem-solving, and decision-making skills.
• Advanced proficiency in Excel; experience with Coyote Analytics preferred.
• Exceptional organizational and project management skills, with the ability to prioritize and execute multiple tasks.
• Experience managing multi-state financial matters and PTET compliance is a plus.
• Excellent communication and interpersonal skills, with the ability to collaborate across departments.
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Please submit a resume for immediate consideration.