The Director of Finance will oversee all aspects relating to the financial affairs of the operations of the law firm’s Accounting Department. This person will provide the vision and leadership to develop and manage the Firm’s financial plan. He/she will coordinate and direct financial-related activities that include developing and implementing processes and procedures as well as managing the daily operations of the Accounting Department.
Plan, develop, organize, implement, direct and evaluate the Firm’s financial affairs and performance.
Assist COO and Executive Committee in financial management and analysis as required.
Prepare annual financial and capital budget, monthly financial statement with written analysis, trend financial results on an on-going basis and prepare projections of expected results.
Oversee and establish that appropriate internal controls to safeguard assets and procedures to ensure proper accounting of transactions are in place. Promote operational efficiency within the Accounting Department and throughout the Firm.
Develop recommendations to improve processes associated with the billing and collections of services.
Monitor and suggest improvements for upgrades/enhancements with regards to the financial system for the Firm. In conjunction with the Director of IT, analyze the Firm’s processing hardware and software system, make recommendations for improvements in such systems, and assist in the implementation of any improvements adopted by the Firm.
Lead, evaluate and mentor the Accounting Department personnel to maintain a highly skilled team to service the needs of the Firm and its clients. Evaluate the Accounting Department to ensure the unit is staffed at the optimal level and that the skill levels are aligned with the needs and objectives of the Firm.
Responsible for monitoring cash flow and performing cash management, including investment of liquid assets, and maintaining a minimum cash threshold to meet operating needs.
In conjunction with the COO, negotiate contracts and/or service agreements with vendors and/or outside consultants.
Work with the Pension Committee to administer the pension plan including selection of investment choices as chosen by the Committee.
Oversee annual audit/review of the Firm’s financial records, filing partnership tax returns and K-1’s. Responsible for the timely submittal of all local, state and federal tax reports.
Optimize handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
Oversee annual 401k audit, filing of Form 5500’s and required IRS communications to plan participants.
Bachelor’s degree in finance and CPA certification. MBA degree preferred.
Ten plus years related experience in a law firm managing and/or directing the Accounting function.
Demonstrated proficiency in interpreting and analyzing complex documents.
Proven ability to prepare and deliver effective presentations on financial topics.
Excellent written, oral and interpersonal communication skills with the ability to interact with all levels of the Firm’s employees.
Visionary with strong technical skills, analytical ability, sound judgment and strong operational focus.
Strong technical knowledge with computer systems (accounting, financial and operational). Specific experience with Aderant is a plus.
Proven leadership and management skills with demonstrated ability to foster and mentor a highly skilled Accounting staff.
An unwavering commitment to client service.
Highly self-motivated with ability to effectively prioritize and execute tasks effectively in a highly competitive environment.
About Potter Anderson & Corroon LLP
Potter Anderson & Corroon LLP is the firm of choice for clients — ranging from Fortune 500 companies to some of the largest national law firms to individuals. It is the oldest Delaware law firm and one of the ten oldest continuously-practicing law firms in the United States. Since its small beginnings in 1826, Potter Anderson has become one of the largest and most recognized Delaware law firms, providing a full range of legal services to its local, national and international clients.
Hundreds of thousands of corporations, limited liability companies, partnerships and trusts have their legal home in Delaware, including 66 percent of all U.S. publicly traded companies and 66 percent of the Fortune 500. Organizations choose to incorporate in Delaware in large part because of the state’s courts and its business statutes.