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    Financial Analyst - Miami, United States - MRINetwork Jobs

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    MRINetwork Jobs Miami, United States

    2 weeks ago

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    Description

    Job Description

    Job Description

    FINANCIAL ANALYST

    About the opportunity:

    We are partnering with a prestigious law firm to find a talented Financial Analyst to join their growing team. This role provides an exceptional opportunity to gain valuable experience in the world of legal finance.

    Responsibilities:

    • Develop and suggest cost-saving tactics tailored to the legal field, such as refining partner compensation structures and streamlining billing procedures.
    • Create and deliver comprehensive reports that highlight key performance indicators (KPIs), including practice group profitability, client matter realization rates, and overall firm efficiency.
    • Assess and consolidate financial data (budgets, partner compensation structures, profitability reports for practice groups, etc.) to evaluate the financial well-being of the firm and its alignment with strategic objectives.
    • Design financial models customized to the landscape of the Am Law 200, taking into account variables like lateral hiring, client focus, and potential litigation costs.
    • Perform benchmarking analyses to gauge the firm's performance against industry peers and pinpoint areas for enhancement.
    • Track actual results against forecasts for critical metrics like partner distributions and total revenue to detect variances and potential risks.
    • Scrutinize law firm-specific ledger accounts, such as work in progress (WIP) and unbilled receivables, to ensure precise financial reporting.
    • Stay abreast of developments in the legal sector and adopt 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 or professional service firms (a plus).
    • Strong Excel skills and financial modeling.
    • Strong analytical and problem-solving skills.

    Benefits:

    • Health
    • Dental
    • Vision
    • Short and Long-term disability
    • Supplemental life
    • 401(k)
    • PTO
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