Family Office Tax Accounting Specialist

Job Overview

A support role at the corporate level to research and resolve issues or discrepancies with Family Office accounting and taxes.

Responsibilities and Duties

General Accounting

• Ability to develop an understanding of the family-related structure and apply it to accounting transactions.
• Establishes oneself as an office resource for certain family-office questions.    
• Set up accounting infrastructure, using GL software, to initiate new entities.
• Record various accounting transactions and prepare journal entries, payables, and banking modules timely and accurately.
• Monitor and reconcile bank and investment accounts.
• Create, prepare, and distribute monthly reporting packages in a timely manner to meet family expectations and deadlines.

Tax Compliance and Planning Support

• Assist and create supporting schedules, such as tax planning, distributions, cash flow analysis, and asset valuations, as determined by the Tax Director
• Assist in tax return preparation, extensions, and/or tax-related supporting schedules, as determined by the Tax Director.
• Performs a detailed level review of fixed asset schedules (tax reports) and generates reports.
• Assists with the coordination of the investor portal and K1 uploads.
• Resolve tax filing notices.

Administrative Support

• Facilitate family office information as necessary between accounting, legal, tax, finance, and operations.
• Provide administrative and other support to the family principals, Tax Director, In-House Counsel, and Controller.
• Prepare materials and participate in the family-office board meetings.
• Manage ad-hoc projects.

Qualifications

• Strong technology skills and proficiency with all aspects of the Microsoft Office suite.
• Strong tax accounting experience.
• Working knowledge of property management operations
• Knowledge of Rent Manager or MRI software
• Proven commitment to high-quality customer service
• Strong verbal and written communication skills
• Proven ability to handle proprietary information with discretion.
• Experience with process improvements and proficiency with spreadsheets.