Director of Accounting - Milwaukee, United States - Quarles & Brady LLP

Quarles & Brady LLP

Verified Company

Milwaukee, United States

4 weeks ago

Posted by:

Mark Lane

beBee recruiter

Responsibilities/Duties:

Accounting & Reporting Systems

Provide overall direction and supervision of the general accounting, client accounting and fiduciary accounting operations for all of the Firm's locations.
Control the preparation of the Firm's financial and management accounting records and participate in all financial audits.
Ensure that effective systems and procedures for accounting and financial reporting are developed and maintained.
Direct the maintenance of an effective system of internal controls to assure proper delegation of responsibilities and appropriate checks and balances within the Firm's accounting functions.
Implement process improvements to accounting procedures to ensure proper internal controls while increasing efficiencies and effectiveness.
Present accurate management information in a timely and reliable manner to Firm Management.
Coordinate Firm's responses to financial surveys.
Oversee the preparation of the Firm's Retirement Plan financial statements and 5500.
Oversee Retirement Plan transactions and evaluate for compliance with regulatory guidelines.
Coordinate the Firm's insurance risk management program to include property, casualty and professional liability insurance.
Liaison with Firm's risk management staff and with insurance carriers and brokers to update coverage as appropriate.
Coordinate the Firm's leases with respect to property and equipment including oversight of the accounting and depreciation of construction costs in a manner that maximizes tax benefits and Firm profitability.

Budgeting and Expense Management

Control and account for all capital expenditures authorized by the Firm.
Authorize operating expenditures for ordinary and necessary expenses provided within the annual budget.
Manage Firm's annual budget process for both revenue and expenses.
Work with Administrative managers to collect info, input, analyze, review and report on monthly variances.
Assess trends in the Firm's revenues, expenses and overall profitability.
Recommend strategies for increasing revenues and controlling expenses to the Chief Financial Officer.

Tax & Partner Compensation

Oversee state and local tax requirements in all jurisdictions for which we practice.
Oversee Partner Compensation process including draws and distributions, account reconciliations and year end audit of equity of accounts.
Oversee preparation and distribution of K1's, and tax elections of partners.
Regularly provide partners with updates as to draws, distributions and related deductions.
Oversee state tax filings for partner compensation purposes.
Collaborate with external accountants.
Stay current on new tax law opportunities that could benefit the partners.
Serve as the main resource for retired partner inquiries.

Banking and Cash Management

Monitor the Firm's cash position and project working capital requirements.
Invest cash balances and borrow funds to meet working capital needs within established policy guidelines.
Manage and maintain relationships with existing bankers.

Administrative Functions

Lead Accounting team and provide training, feedback, coaching and development opportunities.
Delegate work to direct reports.
Supervise, evaluate and assess the performance of direct reports.

Education/Experience:

CPA Required
Bachelor's degree required with major in Accounting or Finance
10+ years of overall finance, accounting and tax experience required, preferably in a professional services organization
Welldeveloped and sophisticated leadership, organization, communication and interpersonal skills, with a proven ability to relate to and gain the confidence of people at all levels within an organization, as well as an ability to build strong relationships and work in a collaborative environment
Selfstarter with drive and enthusiasm
Must have strong attention to detail
Strong Excel skills
Creatorinnovator with an ability to implement solutions and complete projects
Experience working with a team of highachieving individuals who work in a pressured environment

Benefits: