Senior Manager Compensation & Accounting - Oakleaf Partnership Limited

Job Details

Oakleaf Partnership is partnered with a prestigous and market leading global law firm in their search for a Senior Compensation & Accounting Manager/Compensation Manager to join their growing compensation function. This will be a fast-paced, multifaceted role supporting the global compensation function and being the main connecting between acounting and the compensation teams.

Role

The Senior Manager of Compensation & Accounting will be responsible for lawyer and staff data driven compensation initiatives that attract, motivate, and retain top talent across the firm.

The Senior Analytics and Compensation manager will also be responsible for managing non-partner performance management/compensation cycles and reporting across the firm. This position requires excellent analytical skills and the ability to collaborate with senior stakeholders to ensure the compensation strategy remains competitive and aligns with the firm's goals.

Principal Responsibilities:

Manage support of the partner evaluation and review process leading up to the Management Committee compensation review meeting.
Analyze quantitative and qualitative factors to support the ongoing compensation discussions of the Management Committee throughout the process. Provide compensation analysis for lawyers being considered for promotion to partner.
Understand individual agreements, committee decisions, special arrangements, and separation agreements as it relates to partner compensation.
Responsible for overseeing the preparation, documentation, and disbursement of partner draw payments including end-of-month advance, mid-month distribution, end-of-year true-up, and miscellaneous payments. Ensuring all general ledger transactions are properly recorded and balance sheet accounts are reconciled.
Review and analyze partner accounting data to provide guidance to Partner Accounting Operations team on the preparation of partner payments.
Final review and sign-off on partner payments above a certain threshold.
Act as a liaison with the Firm general ledger team to address inquiries and Firm accounting initiatives.
Business manager of Partner Accounting Systems, including user security, data integrity, and enhancement projects, as well as ownership of data in the ELITE 3E GL system as it relates to Partners.
Ensure internal control procedures are properly documented and followed, and revise as necessary to ensure the accuracy and integrity of the partner payment and accounting processes.
Review capital account analysis (payout schedule) for separating partners, including capital holdback projections, as well as the quarterly withdrawn partner capital analysis and settlements.
Consult and clearly communicate with Partner Relations, Tax, Retirement Plans, and Strategic Planning on compensation issues and changes to partner payments to minimize the need for adjustments and corrections to management reporting and partner payments.
Partner with management in order to meet Firm objectives, including providing reports, analysis and ad hoc reports.
Responsible for the review and overall management of department's work so that deliverables to management are error free and meet deadlines.

We are keen to hear from experienced Compensation professionals with ambition and drive. These individuals will need to have a minimum of 10 years of experience in a corporate environment.

Requirements:

Bachelor's degree in Accounting, Finance or related field.
A minimum of 10 years of experience; a minimum of 5 years of management experience
Demonstrated technical and analytical skills within his/her professional background
CPA or candidate for CPA certification
Masters of Business Administration degree
Legal Industry or Consulting experience

...@oakleafpartnership.com or via private message on LinkedIn

Oakleaf Partnership Limited

06/02/2024

Chicago,IL