CLIENT

Our client family is headquartered in El Segundo and is an active, business-owning, single family office and real estate investment firm.

The core business is asset management, acquisition and development, as well as investment management, and the assets are commercial real estate (acquired and developed) and a diversified securities portfolio, actively managed.

It primarily serves four G2 households and spans three generations. The geography of the family covers the western United States.

The family’s wealth is the result of a highly successful aerospace manufacturing business that was founded in 1951 by the G1 patriarch, founder/wealth owner (FWO), recently deceased in 2015. The FWO managed and grew the business to become one of the leaders of precision parts manufacturing in the aerospace industry. After more fifty years of running the company, the FWO stepped back from active management, at which time G2 took over. Along the way, the FWO acquired 400,000 square feet of primarily industrial buildings in Orange County, CA and Phoenix, AZ. In addition to his real estate holdings, he amassed a portfolio of marketable securities.

The operating company was sold in March of 2005, and the FWO subsequently retired. An LLC was formed (the Company) from the proceeds of the sale and invested into a portfolio of diversified securities, and the real estate assets were transferred into the new company as well. The eldest G2 family member became the CEO and under the new leadership of G2, the Company has acquired an additional 600,000 square feet of commercial real estate, and expanded and diversified the securities portfolio.

Ownership of the Company is held in various G2 and G3 trusts; the four G2 owners range in ages from 58 to 69 years old; and each member grew up establishing their own careers before the family wealth was realized.

THE OPPORTUNITY

Reporting to the Board, the Chief Executive Officer (CEO) will work collaboratively with the Board and existing family office team and provide the strategic, operational and financial management leadership for the family’s varied business and personal interests (entities).

Critical will be the managerial oversight of both the real estate and securities portfolios, with a strategy of balancing growth and capital preservation within the risk tolerances of the four G2 members. Also critical will be managing the assets relative to the remaining time frame of the ownership trusts.

The CEO will work closely with each of the four G2 family members, all of whom sit on the Board, and will tailor a service delivery approach to each that supports an effective and productive working relationship that best serves their respective information, operational and decision making needs.

The CEO will also work closely with the existing G2 CEO, as he transitions from an active managerial leadership role to more of a Board-level, advisory role as Chairman.

The position provides an excellent opportunity for continued strategic leadership, alignment and execution across a number of key initiatives including; continued development and expansion of the real estate portfolio; sourcing and assessment of new business opportunities; family succession planning and generational transition considerations; development and mentoring of the family office team, and working to deepen the education experience for the younger family members relative to wealth management and stewardship.

Finally, in addition to the operational, financial and managerial leadership experience, the family is seeking a CEO who aligns with their core values and can help to support and maintain these values throughout their related organizations. These core values include respect, hard work, pursuing excellence, collaboration and teamwork, continual process improvement, integrity, loyalty, transparency, and helping and acknowledging others.

POSITION SUMMARY

The CEO will work collaboratively with the Board and family office team to solidify the vision for the family office, as well as the strategic and operational infrastructure for the family entities. The individual will strive to instill a “best practices” philosophy in all functional areas in order to improve workflow, simplify reporting procedures, and enhance service delivery to the family.

Executive Management and Leadership

• Strategic planning…working proactively and collaboratively with the Board…ongoing.
• Oversee the day-to-day operations of the family office including treasury, budgeting, audit, tax, accounting, purchasing, real estate, and long range forecasting.
• Analyze operational issues and provide oversight and recommendations for improvement.
• Establish credibility with the family and family office team as an effective developer of solutions to business challenges, as well as effectively serving the requests of family members.
• Provide strategic financial input and leadership decision making on issues affecting the organization. This role needs to be “looking ahead” so as to provide creative, consultative input, i.e., fresh thinking on areas to improve, as well as instilling a best practices philosophy.
• Hire, manage and mentor staff as needed. Also, develop a plan for ongoing professional development of the staff including himself or herself.
• Facilitate periodic meetings with family members and appropriate advisors as needed.
• Provide active executive leadership in a culture where teamwork is highly valued. 

Financial Management, Treasury and Reporting

• Work collaboratively with the family, CFO, tax advisors and investment advisors to assess the accounting and financial reporting structure, articulate current and anticipated reporting needs, make recommendations for improvement, and oversee the implementation of the same.
• As needed and in collaboration with the CFO and family office team, provide financial analysis, modeling, and/or projections for project or planning initiatives for family members and family entities.
• Provide periodic financial reporting on relevant entities including income, expense and cash reports, analysis and forecasts.
• Appraise family’s financial position and issue periodic reports related to financial stability, liquidity, and growth as requested by family members.
• Ensure that family members have accurate, relevant and meaningful financial reports and dashboards for decision making tools.
• Develop and/or maintain a reliable cash flow projection and reporting mechanism which includes minimum cash threshold to meet operating needs of entities.
• Assist family members with financial planning, insurance, home purchases and renovations, tax guidance and other areas as needed. This includes a thorough initial review and annual reviews thereafter regarding suggestions for optimization of family members’ financial planning.

Tax & Estate Planning and Compliance

• Work collaboratively with both tax and legal advisors to design and implement “best in class” planning strategies across family and individual entities. • In conjunction with CFO, serve as liaison with external tax advisers. This includes working with external tax advisors on an ongoing basis regarding tax planning strategies integrated through multiple jurisdictions in which the family is active.
• Support CFO in providing ongoing support for tax reporting and compliance for family members, trusts and other legal entities as needed.
• Support CFO in providing ongoing support and serve as liaison as needed for estate planning matters and trust administration.
• Discuss and develop estate planning ideas on an ongoing basis with external advisors and work with estate planning attorney to execute approved suggestions.
• Support CFO in review of all corporate, individual, trust, foundation and gift tax returns as needed. 

Real Estate Investment and Asset Management 

• Acquisitions…identifying and vetting possible target properties with the defined plan.
• Dispositions…managing target properties for sale.
• Managing project enhancements…ongoing.
• Assessing financing alternatives…ongoing.
• Overseeing property management…ongoing.
• Work to cultivate and maintain an active network in support of the real estate initiatives. 

Legal and Risk Management

• In coordination with appropriate outside council, oversee legal affairs of the family office, family members and related entities as needed.
• Work with CFO and external legal counsel on structures, transactions and planning on various issues and outstanding legal settlements as needed. 
• Evaluate, strengthen and periodically review the internal control environment to ensure appropriate processes and procedures are in place to safeguard the integrity and security of critical functions including, but not limited to, financial management, investments and cash.
• Evaluate and periodically review insurance providers and policies to assure that appropriate types and levels of coverage are in place given the evolving needs of the family, including review of family members, real property, and trust holdings.

Human Resources Responsibilities:

Work in collaboration with Board and CFO to oversee the following for all entities:

• Employment practices – policies & procedures
• Compensation and employee benefits
• Recruiting functions including sourcing, drafting job descriptions, scheduling interviews, preparing offer letter and packets
• New hire setup, on-boarding process, and performance review process
• Other human resource and administrative duties
• Manage professional service providers and associated budgets

General Administration

• Manage relationships with, and oversee the activities of, outside service professionals including associated budgets as appropriate.
• Develop and maintain effective and secure business systems, and work with outside IT consultants to provide safe, secure and effective information technology systems.
• Develop and maintain appropriate document retention policies and procedures.
• Assure timely and accurate record keeping and bookkeeping.
• Consult with managers of other entities to support family members as needed.

DESIRED CANDIDATE

The ideal candidate will be a discreet, self-driven family office executive with a deep real estate background and broad business management experience. This individual will bring a range of skills and competencies including strategic, operational, financial, analytical and leadership skills, and exceptional emotional intelligence. The ideal candidate will possess the following qualifications/characteristics:

Skills and Experience:

• Bachelor’s degree with a minimum of 20-25 years of relevant experience.
• CPA, MS, JD, CFA, and/or CFP designation highly preferred.
• Extensive financial management and executive leadership background in real estate development and investment management with a deep background in both commercial and industrial asset classes.
• This individual must also bring significant experience in strategic planning, budget preparation and cash flow planning, as well as the ability to work successfully in a deal-based, project oriented business model (and culture) that is highly entrepreneurial and largely opportunistic.
• Exceptional technical and analytical skills – an astute financial manager with the ability to aggregate, translate, and report on financial information; and to develop meaningful and effective financial reporting and forecasting processes, reports and systems.
• Strong demonstrated background in tax planning with specific emphasis in the real estate and fund investment arenas.
• Strong leadership experience in working with high net worth individuals and/or family businesses, including experience working with and supporting a family through a generational transition or wealth and/or business interest.
• Exceptional understanding of and familiarity with best practices in a family office and/or boutique investment company environment related to decision making, governance and operational structures.
• Practical experience in recruitment, selection, supervision and development of professional and support staff is essential, as well as the ability to manage employee performance in a closely-held, family owned and operated business model.
• This individual will bring a strong and highly relevant network of professional advisors and peer contacts.

Essential Characteristics:

• A creative visionary with the ability to play a key role in the operational, financial and strategic leadership, direction and vision of the Company as it evolves over time.
• Must be able to have good judgement on what is being said and know how to respond appropriately…from listening to agreeing to deferring to disagreeing.
• Must have an uncompromising commitment to “service excellence” and be able to deliver this outcome across the family entities and interests on a continuous and consistent basis.
• Ability and willingness to be both “hands-on” and to “delegate when appropriate” in the day-to-day family office operations.
• Must be comfortable in a boutique, professional office model where everyone is responsible for their respective tasks and getting things done is the standard.
• Must have exceptional emotional intelligence and be a highly skilled communicator and facilitator; with the ability to effectively communicate complex concepts and strategies in a clear and concise manner to a variety of audiences.
• Must be self-confident, knowledgeable and able to exercise sound judgment in conducting research, analysis and decision making; a confident, self-directed problem solver.
• Must exercise sound judgment in assessing when responsibilities should be outsourced to service providers/advisors or be done internally. This includes assessing service providers on an ongoing basis to ensure they are acting in the best interest of the family.
• Must possess a strong understanding of – and appreciation for – how technology can be used effectively to improve operational efficiency.
• Must be highly organized and able to effectively manage multiple priorities simultaneously.
• Must be willing to travel as needed.
• Must have integrity and be approachable, respectful and instill confidence and trust in their ability to handle complex and sensitive financial and personal information both internally and externally.
• Must consistently operate in a transparent and collaborative manner with a “team first” approach.

LOCATION

El Segundo, CA

REPORTS TO

This position will report to the Board and serve all of the family members.

COMPENSATION

An excellent compensation package will be designed to attract an outstanding individual, including relocation as needed.