Financial Analyst - Miami, United States - SHUTTS & BOWEN

Description

Job Description

We are seeking a highly motivated and analytical Junior Financial Analyst to join our team at a top Am Law 200 law firm. You will play a critical role in supporting our financial operations, specifically focused on the unique needs of a large and complex legal practice. This role offers an excellent opportunity to gain valuable experience in financial modeling, legal industry metrics, and supporting strategic decision-making for a leading law firm.

Responsibilities:

• Analyze and consolidate financial data (budgets, partner compensation models, practice group profitability reports, etc.) to assess the firm's financial health and alignment with strategic goals.
• Develop and recommend cost-saving strategies specific to the legal industry, such as optimizing partner compensation models or streamlining billing practices.
• Construct and present insightful reports summarizing key performance indicators (KPIs) like profitability by practice group, client matter realization rates, and overall firm leverage.
• Build financial models tailored to the Am Law 200 landscape, considering factors like lateral hiring, client concentration, and litigation contingencies.
• Conduct benchmarking analyses to compare the firm's performance against industry peers and identify areas for improvement.
• Partner with practice groups to understand their financial needs and provide data-driven recommendations to support business development efforts.
• Monitor actual results against forecasts for key metrics like partner distributions and overall revenue to identify variances and potential risks.
• Analyze law firm-specific general ledger accounts, such as WIP (work in progress) and unbilled receivables, to ensure accurate financial reporting.
• Stay up-to-date on legal industry trends and best practices in financial management for law firms.

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field (required).
• Familiarity with the legal industry financial metrics or professional service firms (a plus).
• Proficiency in spreadsheets (Excel) with strong financial modeling skills.
• Experience with financial databases and data analysis tools like OLAP cubes (preferred).
• Excellent written and verbal communication skills with the ability to present complex financial information clearly and concisely.
• Strong analytical and problem-solving skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Benefits:

• Competitive salary and benefits package.
• Opportunity to gain valuable experience in a prestigious Am Law 200 law firm.
• Work alongside experienced professionals in a supportive learning environment.
• Be part of a team that supports the success of a leading legal practice.

Shutts & Bowen LLP is an equal-opportunity employer.