Analyst - Partnership Accounting

Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai. Clients seeking sophisticated, high-value legal services turn to Katten for counsel locally, nationally and internationally. The firm's core areas of practice include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals. Analyst - Partnership Accounting The Analyst - Partnership Accounting is responsible for supporting the Senior Manager of Partnership Accounting with all aspects of firm Partnership accounting including the analysis of all transactions relating to Partner remuneration and related equity accounting and participate in the preparation of Partner K1's. Additionally, the Analyst - Partnership Accounting will assist the Senior Manager of Partnership Accounting with any ongoing projects including the research and documentation. The Analyst - Partnership Accounting maintains professionalism and strict confidentiality in all client and firm matters. Katten offers a hybrid work model, allowing the flexibility to work both on-site and remotely on a regular basis (KattenFlex). Essential Duties and Responsibilities include, but may not be limited to, the following. Other duties may be requested and/or assigned. Essential functions are primary job duties that an individual must be able to perform successfully with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Assist with maintaining Permanent Capital accounts for the Capital Partners, including managing receipt of capital contributions or return of capital in alignment with the firm's partnership agreement. Support the Senior Manager of Partnership Accounting with the preparation of monthly Partner draws; assure proper computation of payments, monitoring of ongoing changes and ensure correct withholding from draws for retirement contributions, taxes, insurance, and other miscellaneous additions or deductions, etc. Assist with periodic special distributions to Partners, assuring proper computation of payments, monitoring of ongoing changes and ensure correct withholding from distributions for retirement contributions, taxes, insurance, and other miscellaneous additions or deductions, etc. Provide support with the monthly or other periodic payments to Retired Partners and similarly situated individuals who will receive a K-1. Assist with the distribution of monthly draw and special distribution memos to Partners, leveraging technology, where possible. Ensure timely recording of journal entries supporting monthly draws and special distributions, with strong attention to detail and accuracy. Assist with the monthly preparation of account reconciliations that support the Partnership Accounting function, ensuring accuracy and completeness of information. Participate in the onboarding and withdrawals of Partners to/from the firm. Assist with the preparation of Return of Capital computations, resulting in payment to withdrawn partners, and related monthly memos. Complete Verification of Income letters upon request from partners, for review and signature by Chief Financial Officer. Participate in the firm's annual year end audit, with specific focus on Partnership Accounting related accounts. Participate in the preparation workpapers in support for the creation of Partnership Schedule K-1s. Proactively work to find new and innovative ways to improve the accounting department, allowing for more flexibility and completeness of data. Ad hoc analysis upon request. Knowledge, Skills and Abilities Bachelor's degree in Accounting, Finance, or equivalent. Recent graduate with internship experience or one year of related accounting experience. Law firm experience desired, but not required.Proficient experience with MS Excel spreadsheets, including features such as pivot tables, charts and graphs and formulas, MS Word and PowerPoint software is required. Outstanding analytical and critical-thinking skills requiring an aptitude for detail, precision, and logic with comprehensive knowledge of complex accounting/financial principles and statistics to synthesize detailed information, collect and research data, use intuition and experience to complement data, and design workflows and procedures. Understand business implications of decisions, display orientation to profitability, demonstrate knowledge of market and competition, and align work with strategic goals. Work within approved budget, develop and implement cost saving measures, contribute to profits and revenue, and conserve firm resources. Exhibit high degree of initiative in exercising independent judgment and making decisions in managing multiple priorities and coordinating various projects in a fast-paced, deadline-driven, detail-oriented work environment. Excellent interpersonal, verbal, and written communication skills. Ability to communicate with courtesy and diplomacy, articulate information clearly, and maintain effective relationships with a diverse group of attorneys, firm management, and administrative personnel. Ability to generate creative solutions, translate concepts and information, use feedback to modify procedures, apply conceptual principles, and demonstrate attention to detail. Excellent organizational skills including record keeping, data collection, and system information. Ability to compile and analyze data, and furnish concise, detailed information in report format, written correspondence, e-mail, or verbally. Ability to perform complex mathematical calculations and apply mathematical concepts when computing, reconciling balances, verifying numerical data, preparing various accounting reports, providing back-up assistance and support in performing all aspects of accounting operations and participating in preparation of the budget. Ability to occasionally retrieve and distribute files, written documentation, or office supplies weighing up to 10 pounds. Required to work towards deadlines; must be able to work more than 35 hours per week in New York. In our New York office, the annualized salary range for this position is $60,000 to $65,000. Actual pay will be adjusted based on experience and other job-related factors permitted by law. We offer an outstanding benefit package which includes: medical/dental/vision, 401k with employer contribution, parental leave, transportation fringe benefit program, back-up care option, generous paid time off policy, and long-term and short-term disability policies. Katten Muchin Rosenman LLP is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Created: 2024-11-05