Law Firm Finance Director (Remote)
6 days ago
Waco
Job Description Our client is hiring a Law Firm Finance Director to serve as the firm’s senior financial executive, responsible for financial integrity, profitability, compliance, and long term financial strategy across multiple Texas offices. The Finance Director acts as a strategic financial partner to firm leadership with decision making authority over financial operations and performance metrics. Can work remote. Will be asked to come to the Waco office occasionally, Law Firm Finance Director Responsibilities: Financial Oversight & Reporting Oversee all accounting operations across multiple offices Supervise bookkeeping and ensure the integrity of QuickBooks data Maintain expert-level proficiency in QuickBooks Oversee LeanLaw billing integration and financial reporting Review monthly, quarterly, and annual financial statements Develop financial forecasts, budgets, and long term financial strategies Monitor profitability by practice area, office, and attorney Establish and manage internal financial controls Billing, Invoicing & Revenue Cycle Management Oversee firmwide invoicing processes using LeanLaw Ensure accurate time entry, billing accuracy, and timely invoice issuance Monitor accounts receivable and aging reports Develop and enforce collections strategies Analyze realization and utilization rates Improve billing efficiency and revenue capture Accounting & Compliance Ensure strict compliance with Texas IOLTA accounting rules Oversee client account reconciliations Supervise contingent fee disbursements Maintain compliance with Texas Bar and regulatory requirements Contingent Case Expense Management Oversee tracking and reporting of contingent case costs Monitor case related advances and expense recovery Ensure accurate allocation and reimbursement of case expenses Analyze contingent case profitability and cash flow exposure Develop financial models for contingent case risk assessment Budgeting, KPIs & Performance Metrics Manage operational budgets to promote firm profitability Develop and monitor firmwide financial KPIs Conduct data analysis and financial performance reviews Present financial performance reports to firm leadership Identify cost control and efficiency opportunities Implement financial best practices aligned with industry standards Operational & Strategic Responsibilities (Secondary Focus) Oversee Accounts Payable, direct report Set and measure strategic operational goals Plan and implement long term business growth strategies Develop and enforce financial and operational policies Provide constructive feedback to attorneys and managers regarding financial performance Manage vendor and external partner relationships Collaborate with HR leadership on compliance and employment matters Maintain knowledge of Texas employment and labor laws Law Firm Finance Director: Bachelor's degree in Business Administration, Finance, Accounting, or related field. CPA preferred but not required Minimum 5 years of law firm financial leadership experience Extensive hands-on experience with QuickBooks Experience using legal billing software Direct experience managing law firm invoicing and collections Demonstrated expertise in IOLTA trust accounting compliance Experience managing contingent case expenses and financial risk Strong background in budgeting, financial modeling, and performance analytics Knowledge of legal industry regulations, rules, and best practices Features and Benefits of Client: Competitive salary, negotiable based on experience BCBS health insurance 401(k) retirement plan Discretionary bonus opportunities Must be comfortable traveling to the Waco, TX office monthly