Director of Finance
Family Office
Director of Finance
Equal Opportunity Employer/Disability/Veterans
A St. Louis-based, single family office seeks a Director of Finance to provide operational and financial management support for the family’s varied personal, business and foundation interests. The office runs separately from the family’s privately-held operating company. The family consists of 16 members spread over three generations, with ages ranging from toddlers to retirement.
A small group of trusted and proven advisors are utilized including attorneys, investment advisors and accountants. The current family office was established 12 years ago and consists of 5 on-site employees and 15 in the field providing various support at properties.
- the increasing complexity in the personal, financial and business aspects of the family—and an on-going transition and succession in business and family leadership—there is a need to refine accounting and financial systems. To provide education and direction to family members, this position requires leadership, keen listening skills, effective communication, patience and technical knowledge. Alignment with the family’s values of respect, fairness, and integrity are also important.
Position Responsibilities
The Director of Finance will report to the Executive Director of the family office but will work collaboratively with outside advisors in the areas of investment, accounting/tax preparation and legal. Regular interactions and productive relationships with family members are key. This person will oversee operational infrastructure and financial reporting procedures, and enhance delivery to the family. Key areas are:
Financial Management
Ensure that reports are accurate, relevant, understandable and meaningful.
Work collaboratively with outside advisors to assess reporting and make recommendations as needed.
Provide financial analysis and projections for initiatives of family members.
Prepare monthly/quarterly/annual financial reports and periodic net worth statements for family members.
Address individual budgeting/forecast and cash flow needs.
Evaluate current financial software and IT support, and recommend and implement changes as needed to provide safe, secure and effective system.
Supervise, and develop, employee who handles bill pay, credit card payments, and cash management.
Implement and regularly review internal controls and fraud prevention to safeguard the integrity and security of all functions.
In coordination with operating company personnel, communicate with family and outside advisors on company-owned dividends.
Provide accounting and cash management for the Family Office entity.
Tax
Insure timely compliance with all taxing and regulatory agencies.
Serve as liaison with external advisors regarding tax and estate planning strategies.
Supervise employee that gathers and transmits all items required for tax preparation by outside advisor.
Serve as a reviewer as needed for all individual, trust and gift tax returns.
Prepare 990 returns for individual and family foundations.
Provide on-going support for tax reporting and compliance for family members, trusts and other legal entities.
Provide ongoing support and serve as liaison for estate planning matters and trust administration.
Request annual tax services budget from outside accounting advisor and review regularly.
Investment Management
Facilitate and assess the outsourced investment management function and serve as the collaborative interface.
Review regular reports provided to family members and provide suggestions.
Apprise outside managers of cash needs of family members.
Serve as an additional resource for guidance and suggestions to ensure long-term management of family’s wealth.
Develop reports to assess performance of investment managers.
Review fee structure and cost of outside investment managers.
Legal
With outside counsel(s), oversee the administration of legal affairs/needs of the family office, family members and entities.
Work with legal counsel on structures, transactions and planning.
Manage budget associated with outside council
Philanthropy
Ensure compliance with all private foundation laws and regulations.
Review accounting, reporting, document retention and compliance processes to ensure effective internal controls.
Review outside investment advisor and associated portfolio results and fees.
Provide projections, as requested, of foundation balance based on investment policy and donation projections.
Process and track donation payments, and maintain historical record of gifts.
Desired Candidate
The ideal candidate must possess a broad business management expertise with strategic, operational, financial and leadership skills combined with discretion, exceptional emotional intelligence and communication skills. They should be driven and self-motivated.
Minimum Education/Experience Qualifications
Bachelor’s degree required
Minimum of 15 years of relevant experience
Intermediate-level Proficiency with Microsoft Outlook, Word, Excel, PPT, QuickBooks, and other financial reporting systems required*
Strong working knowledge of general accounting principles and practices, cash basis and tax basis
Previous experience with budget preparation and cash flow planning
Preferred Education/Experience Qualifications:
Accounting or finance degree
CPA designation
Aptitude to quickly learn and successfully utilize new systems and software
Experience with relevant tax and estate planning
Experience with high net worth individuals and family-owned businesses
Understanding of best practices in decision making, governance and operations in a family office
Competency-Based Qualifications:
Must be professional, self-confident, humble and approachable
Ability to exercise sound judgment and make credible decisions
Strong analytical skills
Excellent interpersonal and communication skills (verbal and written)
Ability to develop positive working relationships with all family members, vendors, outside counsel, consultants and colleagues
Must have the ability to communicate complex and detailed information in a clear and concise manner.
Excellent organizational skills with strong attention to detail
Ability to multi-task and prioritize to meet multiple competing deadlines
Ability to maintain strict confidentiality
Special note: Background check and execution of a non-compete required. This position will include highly confidential family, family office and company information. Strict confidence is required.
Family Office
Director of Finance
Equal Opportunity Employer/Disability/Veterans
A St. Louis-based, single family office seeks a Director of Finance to provide operational and financial management support for the family’s varied personal, business and foundation interests. The office runs separately from the family’s privately-held operating company. The family consists of 16 members spread over three generations, with ages ranging from toddlers to retirement.
A small group of trusted and proven advisors are utilized including attorneys, investment advisors and accountants. The current family office was established 12 years ago and consists of 5 on-site employees and 15 in the field providing various support at properties.
- the increasing complexity in the personal, financial and business aspects of the family—and an on-going transition and succession in business and family leadership—there is a need to refine accounting and financial systems. To provide education and direction to family members, this position requires leadership, keen listening skills, effective communication, patience and technical knowledge. Alignment with the family’s values of respect, fairness, and integrity are also important.
Position Responsibilities
The Director of Finance will report to the Executive Director of the family office but will work collaboratively with outside advisors in the areas of investment, accounting/tax preparation and legal. Regular interactions and productive relationships with family members are key. This person will oversee operational infrastructure and financial reporting procedures, and enhance delivery to the family. Key areas are:
Financial Management
Ensure that reports are accurate, relevant, understandable and meaningful.
Work collaboratively with outside advisors to assess reporting and make recommendations as needed.
Provide financial analysis and projections for initiatives of family members.
Prepare monthly/quarterly/annual financial reports and periodic net worth statements for family members.
Address individual budgeting/forecast and cash flow needs.
Evaluate current financial software and IT support, and recommend and implement changes as needed to provide safe, secure and effective system.
Supervise, and develop, employee who handles bill pay, credit card payments, and cash management.
Implement and regularly review internal controls and fraud prevention to safeguard the integrity and security of all functions.
In coordination with operating company personnel, communicate with family and outside advisors on company-owned dividends.
Provide accounting and cash management for the Family Office entity.
Tax
Insure timely compliance with all taxing and regulatory agencies.
Serve as liaison with external advisors regarding tax and estate planning strategies.
Supervise employee that gathers and transmits all items required for tax preparation by outside advisor.
Serve as a reviewer as needed for all individual, trust and gift tax returns.
Prepare 990 returns for individual and family foundations.
Provide on-going support for tax reporting and compliance for family members, trusts and other legal entities.
Provide ongoing support and serve as liaison for estate planning matters and trust administration.
Request annual tax services budget from outside accounting advisor and review regularly.
Investment Management
Facilitate and assess the outsourced investment management function and serve as the collaborative interface.
Review regular reports provided to family members and provide suggestions.
Apprise outside managers of cash needs of family members.
Serve as an additional resource for guidance and suggestions to ensure long-term management of family’s wealth.
Develop reports to assess performance of investment managers.
Review fee structure and cost of outside investment managers.
Legal
With outside counsel(s), oversee the administration of legal affairs/needs of the family office, family members and entities.
Work with legal counsel on structures, transactions and planning.
Manage budget associated with outside council
Philanthropy
Ensure compliance with all private foundation laws and regulations.
Review accounting, reporting, document retention and compliance processes to ensure effective internal controls.
Review outside investment advisor and associated portfolio results and fees.
Provide projections, as requested, of foundation balance based on investment policy and donation projections.
Process and track donation payments, and maintain historical record of gifts.
Desired Candidate
The ideal candidate must possess a broad business management expertise with strategic, operational, financial and leadership skills combined with discretion, exceptional emotional intelligence and communication skills. They should be driven and self-motivated.
Minimum Education/Experience Qualifications
Bachelor’s degree required
Minimum of 15 years of relevant experience
Intermediate-level Proficiency with Microsoft Outlook, Word, Excel, PPT, QuickBooks, and other financial reporting systems required*
Strong working knowledge of general accounting principles and practices, cash basis and tax basis
Previous experience with budget preparation and cash flow planning
Preferred Education/Experience Qualifications:
Accounting or finance degree
CPA designation
Aptitude to quickly learn and successfully utilize new systems and software
Experience with relevant tax and estate planning
Experience with high net worth individuals and family-owned businesses
Understanding of best practices in decision making, governance and operations in a family office
Competency-Based Qualifications:
Must be professional, self-confident, humble and approachable
Ability to exercise sound judgment and make credible decisions
Strong analytical skills
Excellent interpersonal and communication skills (verbal and written)
Ability to develop positive working relationships with all family members, vendors, outside counsel, consultants and colleagues
Must have the ability to communicate complex and detailed information in a clear and concise manner.
Excellent organizational skills with strong attention to detail
Ability to multi-task and prioritize to meet multiple competing deadlines
Ability to maintain strict confidentiality
Special note: Background check and execution of a non-compete required. This position will include highly confidential family, family office and company information. Strict confidence is required.
Family Office
Director of Finance
Equal Opportunity Employer/Disability/Veterans
A St. Louis-based, single family office seeks a Director of Finance to provide operational and financial management support for the family’s varied personal, business and foundation interests. The office runs separately from the family’s privately-held operating company. The family consists of 16 members spread over three generations, with ages ranging from toddlers to retirement.
A small group of trusted and proven advisors are utilized including attorneys, investment advisors and accountants. The current family office was established 12 years ago and consists of 5 on-site employees and 15 in the field providing various support at properties.
- the increasing complexity in the personal, financial and business aspects of the family—and an on-going transition and succession in business and family leadership—there is a need to refine accounting and financial systems. To provide education and direction to family members, this position requires leadership, keen listening skills, effective communication, patience and technical knowledge. Alignment with the family’s values of respect, fairness, and integrity are also important.
Position Responsibilities
The Director of Finance will report to the Executive Director of the family office but will work collaboratively with outside advisors in the areas of investment, accounting/tax preparation and legal. Regular interactions and productive relationships with family members are key. This person will oversee operational infrastructure and financial reporting procedures, and enhance delivery to the family. Key areas are:
Financial Management
Ensure that reports are accurate, relevant, understandable and meaningful.
Work collaboratively with outside advisors to assess reporting and make recommendations as needed.
Provide financial analysis and projections for initiatives of family members.
Prepare monthly/quarterly/annual financial reports and periodic net worth statements for family members.
Address individual budgeting/forecast and cash flow needs.
Evaluate current financial software and IT support, and recommend and implement changes as needed to provide safe, secure and effective system.
Supervise, and develop, employee who handles bill pay, credit card payments, and cash management.
Implement and regularly review internal controls and fraud prevention to safeguard the integrity and security of all functions.
In coordination with operating company personnel, communicate with family and outside advisors on company-owned dividends.
Provide accounting and cash management for the Family Office entity.
Tax
Insure timely compliance with all taxing and regulatory agencies.
Serve as liaison with external advisors regarding tax and estate planning strategies.
Supervise employee that gathers and transmits all items required for tax preparation by outside advisor.
Serve as a reviewer as needed for all individual, trust and gift tax returns.
Prepare 990 returns for individual and family foundations.
Provide on-going support for tax reporting and compliance for family members, trusts and other legal entities.
Provide ongoing support and serve as liaison for estate planning matters and trust administration.
Request annual tax services budget from outside accounting advisor and review regularly.
Investment Management
Facilitate and assess the outsourced investment management function and serve as the collaborative interface.
Review regular reports provided to family members and provide suggestions.
Apprise outside managers of cash needs of family members.
Serve as an additional resource for guidance and suggestions to ensure long-term management of family’s wealth.
Develop reports to assess performance of investment managers.
Review fee structure and cost of outside investment managers.
Legal
With outside counsel(s), oversee the administration of legal affairs/needs of the family office, family members and entities.
Work with legal counsel on structures, transactions and planning.
Manage budget associated with outside council
Philanthropy
Ensure compliance with all private foundation laws and regulations.
Review accounting, reporting, document retention and compliance processes to ensure effective internal controls.
Review outside investment advisor and associated portfolio results and fees.
Provide projections, as requested, of foundation balance based on investment policy and donation projections.
Process and track donation payments, and maintain historical record of gifts.
Desired Candidate
The ideal candidate must possess a broad business management expertise with strategic, operational, financial and leadership skills combined with discretion, exceptional emotional intelligence and communication skills. They should be driven and self-motivated.
Minimum Education/Experience Qualifications
Bachelor’s degree required
Minimum of 15 years of relevant experience
Intermediate-level Proficiency with Microsoft Outlook, Word, Excel, PPT, QuickBooks, and other financial reporting systems required*
Strong working knowledge of general accounting principles and practices, cash basis and tax basis
Previous experience with budget preparation and cash flow planning
Preferred Education/Experience Qualifications:
Accounting or finance degree
CPA designation
Aptitude to quickly learn and successfully utilize new systems and software
Experience with relevant tax and estate planning
Experience with high net worth individuals and family-owned businesses
Understanding of best practices in decision making, governance and operations in a family office
Competency-Based Qualifications:
Must be professional, self-confident, humble and approachable
Ability to exercise sound judgment and make credible decisions
Strong analytical skills
Excellent interpersonal and communication skills (verbal and written)
Ability to develop positive working relationships with all family members, vendors, outside counsel, consultants and colleagues
Must have the ability to communicate complex and detailed information in a clear and concise manner.
Excellent organizational skills with strong attention to detail
Ability to multi-task and prioritize to meet multiple competing deadlines
Ability to maintain strict confidentiality
Special note: Background check and execution of a non-compete required. This position will include highly confidential family, family office and company information. Strict confidence is required.
St. Louis, MO