Accounting Coordinator Global Partner Draw
Share
Job Location:
Los Angeles, CA - USA
Monthly Salary:
Not Disclosed
Posted on:
12 hours ago
Vacancies:
1 Vacancy
Job Summary
About Latham & Watkins
Latham & Watkins is a global law firm consistently ranked among the top firms in the world. The success of our firm is largely determined by our commitment to hire and develop the very best and brightest creating a team that provides our clients with the highest quality of work and service. We are driven by our core values: respect innovation and collaboration.
About the Role
The Accounting Coordinator - Global Partner Draw (known internally as the Global Partner Draw Coordinator) is an integral part of Lathams Payroll team. This role will be responsible for processing the monthly Partner Draw distribution while working with the wider Global Finance department including Equity Accounting Global Tax Well-Being & Benefits Global Retirement Benefits Treasury and Accounts Payable while managing day-to-day activities for all Partner Draw related processes including but not limited to: preparing and reviewing Partner deduction related proforma billing statements for accuracy entering currency exchange rates running calculations in Equity Accounting and Draw systems compiling currency estimate reports to facilitate currency buys collecting and maintaining Partner banking data reviewing individual Partner year-end summary statements and assisting with administrative tasks to support the monthly draw process. This role will be located in our Global Services Office in Downtown Los Angeles. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence.
Responsibilities & Qualifications
Other key responsibilities include:
- Acting as the first point of contact with Partners for all Partner Draw related matters including but not limited to: confirming bank information communicating with Partner when monthly tax and/or deductions exceed gross draw payable replying to all e-mails and providing succinct and detailed explanation for any questions pertaining to the Draw statement
- Tracking and preparing various calculations billings and payments related to retired Partners including but not limited to: Of Counsel worked-time payments capital payouts and tax and benefits collections
- Working closely with Equity Accounting to assist with monthly reconciliation of deduction upload process from Equity 3E to Partner Draw system while conducting monthly Partner Draw calculation and validation to ensure Partner payments are processed accurately
- Assisting and preparing month-end close journal entries to accurately report Firm expenses related to Partner Draw
- Updating modifying and testing existing Partner Draw and other financial reporting software and proposing innovative solutions to problems
- Protecting and maintaining any highly sensitive confidential privileged financial and/or proprietary information that Latham & Watkins retains
Wed love to hear from you if you:
- Demonstrate thorough knowledge of bookkeeping procedures such as posting balancing debits and credits and journal entries
- Exhibit thorough knowledge of accounting principles
- Possess the ability to perform mathematical functions such as calculating ratios and knowledge of excel macros and formulas
And have:
- A Bachelors degree in Accounting or related field preferably
- A minimum of six (6) years relevant experience at a global multi-office law firm accounting firm or other professional services organization
- Experience working with partnership financials billing and cash management preferably
- Experience with Elite 3E or comparable accounts payable software application preferably
- Experience with Institutional finance and accounting systems preferably
Benefits & Additional Information
Successful candidates will not only be provided with an outstanding career opportunity and welcoming environment but will also be provided with a generous total compensation package with bonuses awarded in recognition of both individual and firm performance. Eligible employees can participate in Lathams comprehensive benefit program which includes:
- Healthcare life and disability insurance
- A generous 401k plan
- At least 11 paid holidays per year and a PTO program that accrues 23 days during the first year of employment and grows with tenure
- Well-being programs (e.g. mental health services mindfulness and resiliency medical resources well-being events and more)
- Professional development programs
- Employee discounts
- Affinity groups networks and coalitions for lawyers and staff
Latham & Watkins is an equal opportunity employer. The Firm prohibits discrimination against any employee or applicant for employment on the basis of race (including but not limited to hair texture and protective hairstyles) color religion sex age national origin sexual orientation gender identity veteran status (including veterans of the Vietnam era) gender expression marital status or any other characteristic or condition protected by applicable statute.
Latham & Watkins LLP will consider qualified applicants with criminal histories in a manner consistent with the City of Los Angeles Fair Chance Initiative for Hiring Ordinance (FCIHO). Please click the link below to review the Ordinance.
Please click here to review your rights under U.S. employment laws. #MidSenior #LI-OI1
Pay Range
Required Experience:
IC
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
Latham & Watkins, a global law firm, advises the businesses and institutions that power the global economy. We leverage our vast global resources to work relentlessly and efficiently to accomplish client goals.
