CLIENT

Our client family (“Family”) originally from the Midwest has a well-established single-family office spanning three decades that provides management, support, and oversight for the wealth management affairs and personal assets of the Family.

The Family has created significant wealth, a result of highly successful businesses, as well as a significant diverse portfolio of alternative investment and business holdings.

In addition to the US based family office operations, the Family has an investment company entity in the US Virgin Islands that was established to manage and oversee a significant portion of the Family’s investment activities including a portfolio of alternative investment strategies involving private equity fund investing and co-investing; real estate fund investing; direct real estate investing; and liquid asset management.

The Family spans three generations – (G1) husband and wife, (G2) adult children, and (G3) grandchildren. Several of the G2 adult children, and/or their spouses, have been actively involved in leadership roles in the business and/or the investment activities of the family office.

The investment company entity is a stand-alone business model running successfully with its own leadership, infrastructure, and operations; and it exists to drive creation and growth for the Family for generations to come…and this role will be key to its success.

In addition to financial management and family office leadership experience needed for this role, the Family is seeking an individual who aligns with its core values and can help to support and maintain these values. These core values include respect, integrity, honesty, loyalty, continuous learning, and hard work.

OPPORTUNITY

The CFO is a key member of the investment company entity’s senior leadership team and will work closely with the President, the CAO/COO, the investment team, members of the tax and legal teams, and the Family members whom the investment company entity serves.

The CFO provides fiduciary oversight for a diverse portfolio of financial interests and is responsible for improving upon and overseeing core finance and treasury functions; supporting tax planning and risk management processes; providing fiduciary oversight for credit facilities and audit functions; overseeing the liquid investment portfolio of the firm; supporting sound internal financial decision-making; and providing clients with outstanding financial support. As part of this role, the CFO directly oversees and leads the Fund Administration and Treasury teams.

POSITION SUMMARY

Key areas of responsibility and/or leadership oversight will include, but not be limited to, the following:

• Treasury & Cash Management
  • Oversee financial and fund administration systems, processes, tools and control systems and ensure maintenance of appropriate internal controls and financial procedures.
  • Ensure timeliness, accuracy, and usefulness of investment reporting.
  • Serve as a key point of contact for external auditors and support all external audit initiatives.
  • Ensure legal and regulatory compliance regarding all financial functions and credit facilities.
  • Review all investment portfolio month-end closing activities.

• Financial Planning & Analysis
  • Manage monthly and annual cash forecasting processes for the investment portfolio.
  • Manage liquid investment portfolio and align/engage outside money managers as appropriate.
  • Lead the finance and treasury reporting activities for the Board and Global Investment Committee meetings.
  • Support financial and strategic decision-making within the organization with practical and rigorous analytics.
  • Assist stakeholders/clients in the structure of terms of new and ongoing deals.

• Investment Strategy & Stewardship, & Risk Management
  • Support efficient and effective income and estate tax planning by partnering with accountants, tax advisors and estate attorneys.
  • Work with the investment team on the execution of the family’s overall portfolio strategy.
  • Work closely with the Global Investment Committee and investment team to help implement investment policies and asset allocation models; monitor investment performance; and oversee any external investment managers or investment consultants.
  • Ensure liquidity planning and cash management incorporating family’s Investment Committee decisions, family needs, and portfolio company requirements.
  • Optimize risk management strategies, including asset protection, insurance, and investment oversight.

• Entity Standards Oversight
  • Ensure effective financial planning and management, including budget preparation, cash flow management and re-forecasting.
  • Ensure appropriate, timely financial compliance and reporting.
  • Ensure compliance with relevant legal requirements, regulations, and minimum standards.
  • Ensure appropriate and necessary controls are in place and documents so as to pass audit or inspection by any governing body.
  • Develop and maintain systems and internal controls to safeguard financial assets of the organization and its designated affiliates including but not limited to independent auditors and regulatory compliance review.
  • Ensure effective, efficient processes, systems, tools, and norms related to use of financial information to enable high-performance governance and management.
  • Ensure timely and accurate disbursement of funds.

DESIRED CANDIDATE

The successful candidate will be a discreet, self-driven family office executive with strong financial and business management experience including strong strategic, financial, analytical, operational, leadership skills.

The ideal candidate will possess the following qualifications/characteristics:

• Bachelor’s degree in Accounting and/or Finance required.
• MS in Accounting, MBA and/or CPA strongly preferred.
• Must have at least 15 years of relevant experience working with high-net-worth individuals and/or complex family-owned businesses coupled with the ability to play a key role in the financial, operational, and strategic leadership as the direction and vision of the business continues to evolve over time.
• Must bring strong accounting, financial management, and technical reporting skills, and be able to aggregate, translate, and report on financial information and develop meaningful and effective financial reporting and forecasting processes, reports, and systems across all entities.
• Must have strong experience in a fund-driven, multi entity reporting environment.
• This role will be heavily involved with treasury management oversight, fund administration oversight, and credit and capital markets – as these areas are all critical to the investment company entity’s underlying business model. The ideal candidate will have strong, relevant experience in these areas.
• Must have a solid investment acumen and bring a strong foundation of investment analytics, allocation knowledge, experience with oversight and performance review, and a good familiarity with alternative investments including real estate, private equity, and venture capital. Some experience with philanthropic foundations, or non-profits organizations would be nice to have.
• Must have strong demonstrated experience in cultivating, managing, and navigating bank relationships in support of investment transactions and credit facility oversight.
• Must have a solid tax background with knowledge of flow-through entities, various trust structures, and transaction structuring (M&A).
• Ideally, this person will also have the ability to navigate wealth management and estate planning issues and work collaboratively with team members and advisors to support the same.
• Strong project management skills and the ability to manage and efficiently advance multiple projects and processes both internally and with third-party service providers.
• Well-honed analytical and organizational skills and proactive approach to serving family clients within a multi-disciplinary environment.
• Must be a strong decision maker with a track record of taking ownership of and driving key initiatives.
• Must thrive in a “check your ego at the door” culture where everyone’s mission is to collaborate and provide exceptional service to the family.
• Must have good judgement on what is being said and know how to respond appropriately…from listening to agreeing to deferring to disagreeing.
• Must be a self-starter, self-regulating, and self-motivated, and must be able to work well with little direction or oversight, and not require feedback to be effective.
• Excellent facilitation and communication skills, both oral and written, including the ability to manage family clients, third party advisors, and employees in the family business.
• Practical experience in recruitment, selection, supervision, and development of professional and support staff is essential.
• Must have a professional service mindset, an uncompromising commitment to service excellence, a strong internal confidence, and possess a collaborative working style.
• Must have exceptional emotional intelligence, profound integrity, discretion, and patience.
• This individual will have political acumen; appreciation and respect for understanding social, emotional, and relational nuances; possess a high level of emotional self-awareness; be highly resilient; and capable of exercising impulse control.
• Must possess a strong understanding of - and appreciation for - how technology can be used effectively to improve operational efficiency.
• Strong proficiency with computers and relevant financial applications, i.e., ERP systems, Investran, other enterprise software reporting systems, Microsoft Excel.

LOCATION
 

US Virgin Islands (St. Croix).

REPORTS TO
 

This position will report to the President of the investment company entity.

COMPENSATION
 

An excellent compensation package will be designed to attract an outstanding individual including cash comp (base and bonus) and participation in two long term incentive programs.