Overview
Tully Rinckey, a mid-sized full-service law firm with offices throughout New York State, Washington, DC, Texas and California is seeking a Chief Financial Officer to join our c-level management team in Latham, NY. This is an opportunity to join one of the fastest growing law firms in the country (rated by INC Magazine). The firm is also recognized as Best Places to Work by the Albany, NY and Washington, DC Business Journals, respectively and as Top Places to Work by the Times Union in recent years.
The ideal Chief Financial Officer (CFO) will provide strategic and operational leadership for all financial activities within the firm to ensure the achievement of goals and optimization of resource utilization. This position is a key collaborator in the delivery of performance and ensuring the firm achieves its business objectives.
Responsibilities
Reporting to the Global Chief Operating Officer, the Chief Financial Officer and manages all financial aspects of the firm including financial reporting, cash management, internal audits, internal controls, tax compliance, and strategic financial planning for the firm and its affiliated entities. The Chief Financial Officer studies, analyzes, forecasts and reports positive and negative trends and opportunities for expansion, and projections of future firm growth.
The CFO sets the Firm’s financial policy, tax strategy and direction while managing day to day accounting and bookkeeping duties to include oversight of a 15 person financial department. The CFO is responsible for analysis and strategic financial planning, directing, and controlling overall financial, accounting, internal audit, tax compliance, and cash management functions for Tully Rinckey PLLC and its affiliated entities.
Specific job duties include the following for Tully Rinckey and affiliated entities:
- Ensure that books for Tully Rinckey PLLC and all affiliated entities are reconciled and closed on a monthly basis, no later than three business days after month end;
- Analyze and forecast and project financial trends in the firm;
- Review financial performance of attorneys and provide feedback to attorneys;
- Create, report on and monitor an annual firm budget to serve as a roadmap for firm growth which is reconciled on a monthly basis;
- Oversee and manage the firm’s Human Resource Manager and Human Resource Management Operations;
- Oversee firm banking and credit facility needs;
- Manage, oversee and prepare evaluations for finance department employees. Conduct weekly 1:1 meetings with direct reports to track and monitor projects;
- Monitor and report daily cash receipts & expenses;
- Ensure proper posting transactions to accounts on the general ledger;
- Reconcile accounts;
- Supervision and preparation of interim and annual financial statements internally which are audited by outside CPA firm. Work with outside CPA firm on annual compilation and 401(k) audit;
- Supervision of monthly creation of budget to actual P&L statement and explanation of variances;
- Monitor creation and distribution of invoices to client or government entity;
- Oversee collections process of accounts receivable, create processes and procedures to reduced accounts receivable;
- Monitor receipt of invoices from vendors and verification of charges on invoices;
- Monitor check preparation process – receive, verify and process internal check requests;
- Monitor employee time tracking and oversee payroll utilizing the Human Resources Manager and Controller;
- Prepare firm tax returns for smaller affiliated entities, work with outside CPA firm to close year and end and prepare and submit Tully Rinckey PLLC annual tax return on time;
- Oversee internal audits to prevent fraud, waste, and abuse, evaluate areas of weakness, susceptible to fraud, waste, or abuse;
- Oversee internal audit goals, steps, execution, and evaluation, ensure internal controls are suitable for the Firm as it changes and creation of appropriate internal controls and creation;
- Prepare priority firm reports on demand as needed by the Global Chief Operating Officer and CEO.
Qualification and Experience
1. BA/BS in business, accounting or related field. MBA preferred;
2. Strong Tax preparation experience working with outside CPA firms, ideally with Partnership tax returns;
3. Experience in a c-level financial management role;
4. Experience in and knowledge of cash basis and accrual based accounting;
5. Up to date knowledge of current financial and accounting computer applications to include QuickBooks. Ability to learn new software systems as needed and to work on Software conversion projects as needed;
6. Leadership qualities, results oriented, analytical and abstract reasoning skills;
7. Excellent communication and organization skills.
The compensation for this full time position is $140,000 – $175,000 per year (based on experience).
Tully Rinckey offers five different firm-subsidized health insurance plans: telemedicine, dental, vision, accidental, AD&D, critical illness, hospital indemnity, short-term disability, long-term disability, term life insurance, health savings account, flexible spending account, dependent care FSA, employee assistance program, medical benefits abroad, commuter benefits, and various employee perks and discounts. In addition, employees are eligible to participate in the company's 401(k), which includes a competitive match.
Please submit your cover letter, resume, and salary requirements for consideration. Resume submissions and discussions with our firm will be held in the strictest confidence.
For more information regarding opportunities at Tully Rinckey, please visit: https://www.tullylegal.com/our-firm/careers/