HEAD OF FINANCE – HOLMES O’MALLEY SEXTON LLP
The Firm
Established in 1970, Holmes O'Malley Sexton LLP is a dynamic and thriving law firm with offices in Dublin, Limerick, and Cork.
It provides a range of legal services, through 19 Partners and 120 employees, between its two brands.
Holmes (Business to Business) – is a dedicated brand to specialise and cater for its corporate, insurance and public sector clients. Launched in 2021, it was a landmark move for the firm and signalled its focus on strategic growth for the future built on the collaborative partnerships developed with the firm’s clients.
and
HOMS Assist (Private Client) – specialises in providing a wide range of legal services to individuals including Personal Injury & Medical Negligence Claims, Property Law & Probate matters.
The Position
The position of Head of Finance will report directly to the Managing Partner and will also liaise closely with the Finance Committee.
This will be a challenging and exciting role and will have full responsibility for the finance function of the Firm as well as working with the Partnership team to format and implement strategies which will facilitate business growth while maintaining the financial stability and long-term success of the Firm.
Overview of Responsibilities
Financial Control:
Responsible for managing the finance team and implementing metrics to ensure timely and accurate completion and reconciliation of the following:
- Accounts Payable
- Accounts Receivable / Credit Control
- Cash & Bank
- Timesheet Recording
- All Balance Sheet items
Review and develop upon the current financial policies regarding:
- Maintaining appropriate Capital Structures
- Liaising with Financial Institutions
- Cashflow Management
- Fee Rates
- Firm Profitability
- Procurement / Expenditure Management (both capital and operational)
Preparation and presentation of the detailed Annual Budget to incorporate Revenue, Operational Expenditure, Capital Expenditure and Cashflow
Financial Reporting / Analysis:
Responsible for ensuring the following reports and analysis are provided by the finance team on a timely basis:
- Presentation of monthly management accounts to the Partnership together with relevant analysis of key business ‘drivers’ which would also include the various Business Support Depts (i.e. IT, HR, Facilities/Premises & Business Development)
- Presentation of commentary of variance between Actual and Budgeted Revenue and Expenditure as well as providing accurate forecasting of cashflow for future periods
- Presentation of commentary of the Profitability of individual Partner / Business Service ‘Lines’
- Reporting on compliance levels of the Firm’s Procurement Policy
- Ad hoc reports as required
Responsible for managing all Financial Reporting / Payroll / Procurement IT systems to ensure that they:
- are appropriate for the needs of the business as well as being efficient and effective
- have the necessary reporting functionality to provide multiple differing financial reports (as maybe required by different stakeholders)
- allow for the development of ‘Dashboards’ for Key Financial Information
- enable Partners to make informed operational & strategic decisions
Responsible for the preparation of the annual Financial Statements together with providing the necessary financial and tax information required by the Firm’s Accountants & Revenue
Compliance/Risk Management
- Responsible for the accurate and timely completion of Law Society Reports in conjunction with the Firm’s Accountants
- Assist the Audit & Compliance Partner/Committee to ensure the appropriate quality & compliance controls are in place
- Ensure compliance with all legal and regulatory requirements relevant to the finance function
Stakeholder Management
- Responsible for the effective management of external relationships with, among others, the Firm’s Bankers, Accountants, Corporate Advisors as well as The Law Society of Ireland
- Responsible for developing and maintaining good working relationships with the Firm’s Partners
- Responsible for managing and motivating the members of the finance team
- Responsible for implementing appropriate performance measures for the finance team and providing both formal and informal feedback on a regular basis
Strategic/Commercial Leadership
- Based on the Firm’s Strategic Objective, develop with Partners the necessary strategic and operational plans required for the delivery of this Objective
- Provide financial guidance/leadership to the various Business Support Departments
- Provide accurate, timely and relevant financial and non-financial information to the Managing Partner and Finance Committee enabling informed strategic decision-making
Requirements
The successful candidate must hold/possess the following:
- Professional Accountancy Qualification (ACA, ACCA or CPA)
- Experience of working within the services sector
- At least 5 years Post Qualification Experience
- Experience within a senior finance / leadership position
- Demonstrated commercial /strategic acumen
- Demonstrated ability to manage internal and external stakeholders
Salary / Remuneration Package
The salary / remuneration package on offer is negotiable and will be commensurate with experience and expertise.
Recruitment Process
BDO have been engaged by Holmes O’Malley Sexton LLP to assist with the appointment of the Head of Finance position.
BDO, on behalf of Holmes O’Malley Sexton LLP, invites applications from suitably qualified candidates and will manage the recruitment process as part of this recruitment campaign.
How to Apply
Applications must be submitted via email and must include a single document with the following elements included:
* A comprehensive CV which includes ‘Key Achievements’ from your career to date that you believe are relevant for the position
Deadline for Application
Completed CV must be submitted through the application button on this Advertisement to Donal Hanrahan, on/before 1:00pm on Friday 24th January, 2025
