Accountant - Family Office (Tax)
Company: Gables Search Group
Posted on: September 16, 2023
We are in search of a Family Office Accountant in Pittsburgh,PA
and east Ohio offices. As the Family Office Accountant-Tax you will
play a critical role in managing the financial affairs of
high-net-worth families within a family office setting. This
includes financial reporting, tax compliance, investment
accounting, and financial analysis while providing strategic
insights and support to ensure the financial well-being and success
of the family office and its stakeholders.The primary role of a
Family Office Accountant-Tax is to ensure accurate and efficient
financial reporting, tax compliance, and overall financial
management for the family or families they serve. Here is a
comprehensive job description for a Family Office Accountant:
- Financial Reporting: Prepare and maintain accurate financial
statements, including income statements, balance sheets, and cash
flow statements. Provide timely and reliable financial reports to
the family office stakeholders, such as family members, trustees,
and investment managers.
- Budgeting and Forecasting: Collaborate with family members and
stakeholders to develop annual budgets and financial forecasts.
Monitor actual performance against budgeted targets, analyze
variances, and provide insights and recommendations for cost
management and revenue enhancement.
- Bookkeeping and Transaction Management: Oversee day-to-day
accounting operations, including accounts payable and receivable,
general ledger maintenance, bank reconciliations, and payroll
processing. Ensure proper recording and classification of financial
transactions and maintain organized and up-to-date financial
- Tax Planning and Compliance: Coordinate and collaborate with
external tax advisors to develop tax strategies and ensure
compliance with applicable tax laws and regulations. Prepare and
review tax returns, including individual, trust, and corporate
returns. Identify tax planning opportunities and advise on
- Investment Accounting: Manage investment accounting processes,
including tracking and recording investment activities, monitoring
investment performance, and reconciling investment portfolios.
Prepare investment reports, including investment performance
summaries and capital gains calculations.
- Financial Analysis and Reporting: Conduct financial analysis to
evaluate investment performance, liquidity, and financial health of
the family office. Prepare financial reports and presentations for
family meetings, investment reviews, and other decision-making
purposes. Provide financial insights and recommendations to help
optimize the family office's financial position.
- Estate and Succession Planning: Collaborate with estate
planning attorneys and trust administrators to support estate and
succession planning efforts. Assist in the administration of trusts
and estates, including trust accounting, distributions, and
compliance with legal and regulatory requirements.
- Risk Management: Identify and mitigate financial risks by
implementing internal controls, monitoring compliance with policies
and procedures, and ensuring data integrity. Recommend improvements
to financial systems and processes to enhance efficiency and
- Collaborative Support: Work closely with other professionals
within the family office, such as investment managers, attorneys,
and wealth advisors, to provide comprehensive financial support and
meet the overall objectives of the family office and its
- Professional Development: Stay updated on accounting standards,
tax regulations, and industry trends relevant to family office
operations. Basic Qualifications:
- A bachelor's degree in accounting or finance is required
- An MBA or a CPA certification is preferred
- 5+ years accounting experience; public accounting experience;
investment accounting experience - Extensive knowledge of financial
spreadsheets and accounting
- Experience with preparing, reviewing, and filing tax returns
and tax forms.
Keywords: Gables Search Group, Pittsburgh , Accountant - Family Office (Tax), Accounting, Auditing , Carnegie, Pennsylvania
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