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Partnership AccountantFreshfields · New York
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Freshfields

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Partnership Accountant

🗓️ Posted 2026-09-17 New York Hybrid Accounting
💰 Salary Not shared 📊 Market NA

About the Company

Freshfields is a global firm with over 280 years' experience of anticipating change, setting new standards and shaping the future of law. In a complex world where new opportunities evolve quickly, we are a trusted, forward-thinking partner who can give clients the edge and help propel their ambitions. At Freshfields we are steadfast champions of our clients-that's why leading global companies turn to us when it matters most. We are proud to be recognised as a top-tier leader in the practice areas most important to clients around the world today. We bring bold thinking, deep expertise and the latest capabilities to help clients make critical decisions, prepare for new opportunities, and tackle unprecedented matters. When opportunities stretch across borders, we connect clients with experts and advisors from across our global team. We are deeply committed to making a positive impact for our clients, our communities and the people we serve, and we are transparent about our efforts to drive change. --- Freshfields has offices in Austria, Bahrain, Belgium, China, England, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Singapore, Spain, the United Arab Emirates, the United States of America and Vietnam. Law Practice Specialties: Corporate & M&A, Banking & Finance, Dispute Resolution, Competition & Regulatory, Intellectual Property, Capital Markets, Energy & Infrastructure, Antitrust

About the Role

The Global Finance function ensures robust financial control across our global operations, whilst partnering with the firm as a valued commercial advisor, influencing strategic decision making and driving long term profitable growth for the firm. We achieve our vision with all our people working collaboratively with a shared culture and identifying themselves as part of one inclusive Global Finance team. Role summary/purpose of job The Partnership Finance team is responsible for all aspects of partner remuneration and partner funding across the Firm. This includes the calculation of partners' profit shares; payment of drawings and distributions; calculation and administration of partner benefits; management of partnership capital and capital loans (including input on funding requirements and cashflow forecasting). The team also manages the administration and payment of the partners' annuity schemes. The Partnership Finance team is responsible for maintenance of partner and annuitant data, as well as effective implementation of balance sheet controls for relevant accounts. The Partner Finance Accountant will support the team in the accurate and timely processing of partner remuneration, partner capital and annuity administration, and financial control activities, working under the guidance of the Partner Finance Senior Accountant.

Responsibilities

  • ● Partner Remuneration
  • ● Assist with the allocation and distribution of partner profit shares, including preparing partner statements, in accordance with partnership agreements and firm policies.
  • ● Process partner monthly drawings and related tax reserving and insurance/capital deductions under guidance from the Partner Tax team and Partner Finance Senior Accountant.
  • ● Assist with administration of the retired partners' annuity scheme, including calculation of annuities and preparation of quarterly statements.
  • ● Support the collation of data for partner equity forecasting.
  • ● Partner Capital Management
  • ● Maintain accurate records of partner capital accounts.
  • ● Assist with administration of partner loan facilities, including interest calculations and capital repayments.
  • ● Support monitoring of partner capital requirements.
  • ● Financial Control & Audit
  • ● Support compliance of partnership accounting activities with relevant accounting standards (e.g., IFRS, GAAP), tax regulations, and internal governance frameworks.
  • ● Perform balance sheet reconciliations for allocated accounts.
  • ● Provide information and support to external auditors during the annual audit process.
  • ● Assist with preparation of partner tax information (e.g. R185 forms).
  • ● Process Improvement & Systems
  • ● Support identification of process efficiencies and improvements within the partnership finance function.
  • ● Maintain accurate and up-to-date process documentation.
  • ● Support maintenance of partner and annuitant data within the Partnership Finance software solution.
  • ● Stakeholder Management
  • ● Respond to routine partner queries on financial matters related to profit share distributions and capital, escalating more complex matters as appropriate.
Credential Requirements for United Kingdom
🔴

ICAEW ACA or ACCA Qualification

ICAEW / ACCA

Must have to work
Cost: GBP 2,000–5,000 Timeline: 3–5 years

For audit roles only