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.