Law Firm CFO
Chief Financial Officer
Well-established mid-sized Kansas City litigation focused law firm, is seeking a Chief Financial Officer. The CFO will report to the Managing Partner and senior management. The CFO will develop and implement financial strategies that support the firm’s growth, profitability, and long-term sustainability. This role requires an analytical thinker with strong leadership skills, deep financial acumen, and experience within the legal or professional services industry.
Duties and Responsibilities: Collaborate with the Managing Partner and other senior management to develop and present comprehensive timely reports and analysis to make informed decisions regarding the firm’s growing Mass Tort practice. Advise the Managing Partner and senior management on financial planning, budgeting, and forecasting. Oversee accounting, billing, collections, trust accounting and payroll functions and ensure strong internal controls are in place. Ensure compliance with applicable legal and regulatory standards, including law firm specific rules (e.g., trust accounting rules). Optimize financial systems and processes for efficiency and accuracy. Prepare financial reports, forecasts, and analyses, monthly and as needed. Manage the firm’s cash flow, working capital and line of credit needs. Oversee banking relationships. Collaborate with the firms CPA on tax planning and year end audit. Ensure all IRS and state required filings are complete. Provide analysis and reports for partner compensation. Work with attorneys and IT Manager to complete annual Professional Liability and Cyber Insurance renewal. Lead and mentor the accounting department and other department heads. Implement cross training program for accounting staff. Foster a culture of accountability, integrity and continuous improvement. Education and Experience: Bachelor’s degree in accounting or finance required; CPA or MBA preferred. Minimum of 10 years of management experience in a law firm or professional services industry. Skills/Abilities: Strong administrative, management and leadership skills. Ability to work with limited direction, providing leadership and strategic guidance to the accounting team. Ability to think analytically, problem solve, exercise good judgement, make decisions and initiate action. Proficient with cost accounting concepts to analyze profitability of mass tort and litigation cases. Strong people skills to create an atmosphere of mutual respect and openness. Encourage resourcefulness and collaboration as a team. Advanced skills in Microsoft Office 365, particularly in Excel. Knowledge of law firm software, a plus. Effective and professional communication skills (written and oral) to communicate with attorneys, staff, clients, and vendors.
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Kansas City MO