Title:Partnership Accountant |
Hours:9:30 am - 5:30 pm and as required, flexible applications welcome |
Working week:Part time - 3 days per week |
Department:Finance |
Purpose of job:The Partnership Accountant will take primary responsibility for all aspects of the partnership accounting function, including the management of partner current accounts, drawings, and tax-related matters. This role serves as the point of contact for partners on financial queries and works closely with external advisors to ensure the timely and accurate preparation of the annual partnership tax computation. With a strong focus on precision, organisation, and stakeholder engagement, this role is critical in ensuring the smooth operation of partner financial affairs, contributing to both regulatory compliance and a positive partner experience. |
Partner Accounting & Reporting:
- Maintain and reconcile individual partner current accounts against the general ledger and management accounts
- Coordinate partner drawings and liaise with the People & Culture team regarding changes to working patterns and benefits
- Prepare and organise payments for profit distributions
- Prepare annual profit-sharing calculations and points revaluations
- Produce and distribute periodic partner account statements and annual tax memos
Tax:
- Liaise with external tax advisors to support the preparation of the annual partnership tax computation within agreed timescales
- Provide required financial data to firm accountants for individual partner tax returns
- Ensure timely and accurate payment of partner tax liabilities
- Perform tax equalisation calculations on a cessation-accounting basis
- Monitor changes in tax legislation affecting partnerships and communicate implications to partners
Partner Lifecycle Management:
- Oversee onboarding and offboarding processes for partners, including initial financial setup and exit reconciliations
- Coordinate capital contributions, ensuring compliance with partnership agreements
- Calculate and process partner commissions
Stakeholder Engagement & Other:
- Act as the primary point of contact for partners regarding financial queries
- Coordinate charitable donations on behalf of the partnership, including completion of Gift Aid documentation
- Reconcile partner benefit deductions
- Lead improvements in partner statement production
- Undertake additional duties as required
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