Sr. Financial Analyst

McGuireWoods is seeking a detail-oriented Senior Financial Analyst to join its Finance team in the Richmond office. This role supports multiple legal departments by developing financial reporting and analytical frameworks to drive strategic decision-making across the firm.

About the role

The Senior Financial Analyst serves as the primary financial resource, providing interpretive guidance on key metrics, variance analyses, and profitability insights to Department Chairs, partners, and lawyers. The role involves collaboration across departments and geographies to deliver client/matter pricing models, engagement analyses, and revenue optimization presentations that support the firm's growth objectives.

Responsibilities

• Act as the primary source of consultative financial analyses for Department Chairs, identifying trends, root causes, and broader business context while recommending course corrections.
• Prepare Department Chairs to present their department's quarterly financial performance to senior firm management; participate in these meetings.
• Prepare client/matter pricing analyses, consulting with lawyers to improve financial performance of current and proposed arrangements.
• Develop Alternative Fee Arrangements (AFAs) and monitor progress against project budgets and profitability targets.
• Perform lateral hiring analyses for new lawyers or groups, advising on billing rates, billable hours targets, and compensation structures.
• Review monthly/quarterly/annual reports prepared by Associate Financial Analysts and distribute them to intended recipients.
• Prepare periodic analyses and written summaries of key firm clients' financial performance for partners, Department Chairs, and senior management.
• Calculate annual bonuses for lawyers with incentive bonus agreements and monitor mid-year financial calculations.
• Assist with firm annual budgeting, including calculating estimated incentive bonuses.
• Collaborate with all administrative departments to meet lawyer and firm management needs.
• Manage multiple assignments and projects simultaneously.
• Translate complex financial reports into clear, actionable insights and maintain open communication with the Manager of Financial Analysis.

Requirements

• Bachelor's degree in Finance, Accounting, or a similar business discipline.
• Five or more years of related experience and/or training, or an equivalent combination of education and experience.
• Advanced Microsoft Excel and PowerPoint skills; proficiency in PowerBI.
• Experience with Elite 3E and Xcelerate/Advanced Financial Solutions is a plus.
• Programming skills in SQL or Python are advantageous.
• Ability to prioritize workload and adapt to changing conditions.
• Critical thinking with strong analytical and problem-solving skills.
• Confidential handling of sensitive information.
• Proven ability to communicate and present complex ideas across all organizational levels.
• Ability to work under pressure with patience, diplomacy, and high stress tolerance.
• Willingness to work with innovative technology platforms, including Harvey, a legal-specific AI tool.

Benefits

McGuireWoods offers excellent benefits and a hybrid remote option for most employees, providing flexibility and work-life balance.