Chief Financial Officer (CFO)

Job Description

About Us:

We are a fast-growing law firm in Dallas, Texas, specializing in personal injury cases. Our firm is dedicated to delivering exceptional results for our clients while fostering a positive and professional workplace culture. We are seeking an experienced Chief Financial Officer (CFO) with a strong background in financial management for law firms, including trust account management and contingency fee structures.

Requirements

Key Responsibilities:

• Financial Strategy and Leadership:
• Develop and execute the firm’s financial strategy to drive growth and profitability.
• Provide strategic financial guidance to the executive team, ensuring alignment with the firm’s goals.
• Accounting and Compliance:
• Oversee the management of client trust accounts, ensuring compliance with state BAR rules and legal accounting standards.
• Implement and maintain accounting systems that ensure accurate tracking of contingency fee revenue and case costs.
• Ensure compliance with all regulatory and tax obligations, including audits and financial reporting requirements.
• Budgeting and Forecasting:
• Create and manage annual budgets, financial forecasts, and cash flow analysis.
• Monitor financial performance against benchmarks and recommend adjustments to meet goals.
• Case Cost Management:
• Implement systems to track case-related expenses and ensure cost efficiency.
• Collaborate with legal teams to analyze case profitability and ROI.
• Risk Management:
• Assess financial risks and develop mitigation strategies.
• Ensure the security and integrity of the firm’s financial systems and data.
• Team Leadership and Collaboration:
• Lead the finance and accounting team, providing mentorship and fostering a culture of accountability and excellence.
• Work closely with department heads to align financial goals with operational objectives.+

Requirements:

• Education:
• Bachelor’s degree in Accounting, Finance, or a related field required.
• CPA, MBA, or equivalent advanced degree strongly preferred.
• Experience:
• Minimum of 8-10 years of progressive financial leadership experience.
• Proven track record of financial management in a law firm environment.
• Deep understanding of trust account management and contingency fee structures.
• Skills:
• Expertise in legal accounting, including trust account compliance and IOLTA management.
• Strong analytical, strategic planning, and decision-making abilities.
• Advanced proficiency in financial software and case management systems.
• Exceptional leadership and communication skills, with the ability to present complex financial data clearly.
• Character:
• High ethical standards with a commitment to maintaining compliance and transparency.
• Strong work ethic and ability to thrive in a fast-paced, dynamic environment.
• Team-oriented with a collaborative mindset.

Benefits

• Positive Culture: Be part of a supportive and innovative leadership team.
• Impactful Role: Play a critical role in shaping the financial future of a growing firm.
• Competitive Compensation: Enjoy a generous salary, performance bonuses, and benefits package.
• Professional Growth: Opportunities for career advancement and ongoing professional development.
• Work-Life Balance: Flexible work arrangements to support a healthy balance between personal and professional life.