Director, Financial Accounting (Family Office Outsourcing Group)

Director, Financial Accounting (Family Office Outsourcing Group) – (Midtown New York; must be near expert is HF, PE, RE and direct investment accounting; base mid to upper 100’s with total compensation in low to mid 200’s)

Within a top 5 global alternative investment FinTech and BPO firm, be the right-hand person to the head of a new business whose laser focus is family office accounting and operations. Clients include some of the most prestigious family offices and foundations that have outsourced.

Responsibilities Include:
  • Managing a team of US-based fund accountants who act as daily points of contact for our private capital clients (Family Offices, Endowments, Foundations). 
  • Remotely manage a team of overseas-based fund accountants who have responsibility for daily P&L, weekly and monthly NAV’s, and financial statements 
  • Once a prospect is identified by sales, take ownership for earning the trust of the client so the client is convinced that your group will over deliver
  • Providing coaching, training, and leadership as necessary to the fund accounting team 
  • Acting as a subject matter expert for any escalated P&L and NAV issues 
  • Acting as escalation point and problem solver for the team, ensuring action plans are implemented in case of any service issues 
  • Establishing and drive strong relationships with clients and maintain regular client contact to ensure that satisfaction levels are high 
  • Developing culture of continuous efficiency improvements resulting in increased capacity 
  • Day-to-day interaction with other departments and counterparts to prevent/ resolve issues 
  • Overview of MIS to monitor breaks and perform root cause analysis 
  • Driving enhancement projects for technology and operational processes 
  • Understands how to maintain the books and records of various types of entities (individual, trust, foundation, partnership) and reviewing/preparing client investment, performance, and capital reports 

Skills and Knowledge Desired:
  • Bachelors degree in Accounting or related field 
  • Masters degree in related area a strong plus 
  • CPA a strong plus 
  • 12+ years experience in Accounting or Back Office Operations working for a Family Office, Foundation, Administrator, Hedge Fund, Mutual Fund, Investment Advisor or Financial/Retirement Planner 
  • 2+ years working in a Family Office 
  • Knowledge of partnership accounting 
  • Expert is at least two of these areas and high proficiency in the 2 others: hedge funds, private equity, real estate, direct investments 
  • Solid knowledge of US GAAP 
  • Solid prior experience with various products including PE FOF, HFOF, equities, fixed income, repurchase agreements, futures, FX, Mortgages, and options 
  • Solid hands on supervisory experience and the proven ability to manage a cross- location team 
  • Ability to delegate effectively 
  • Solid project management skills 
  • Analytical mind and strong problem-solving ability 
  • Ability to work under pressure and manage tight internal and client deadlines 
  • Excellent communication skills, including written, listening and presentation abilities