Family Office Accountant

Pennrose is actively seeking a driven and analytical professional to join their staff as a Family Office Accountant. In this role, the Family Office Accountant will be primarily responsible for maintaining accurate books and records for a dynamic family office function. The desired candidate is detail-oriented, articulate, and maintains the highest professional standards. The Family Office Accountant reports to the Chief Executive Officer and works out of the Philadelphia Support Center.

Pay range: $85,000 - $100,000/year + bonus depending on experience. 

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• Maintain organized, accurate books & records for a robust family office function, including various closely-held business interests and unique assets
• Responsible for full-service controllership of the family office accounting function, including treasury & liquidity management
• Prepare and review of monthly, quarterly, and annual financial deliverables including bank reconciliations, journal entries, balance sheets, income statements, and cash flows
• Prepare annual cash flow budgets and monthly reforecasts
• Supports the preparation of annual local, state and federal tax returns
• Support various estate planning functions
• Tracking and analyzing net worth, liquidity, debt, and investment data/performance for all family assets including alternative investments and real estate
• Read, interpret, and organize various operating agreements, loan documents, trust agreements, and other related legal documents
• Collaborate with external advisors, accountants, and attorneys
• Provide transactional support for asset acquisitions, dispositions, and financing events
• Develop and maintain controls, processes, and procedures in support of a holistic family office function
• Assisting with complex ad hoc projects including financial modeling, projections, and analyses

• Bachelor’s degree in accounting or finance required, CPA designation preferred
• 5+ years’ accounting & financial analysis experience; family office experience highly desirable
• Experience with recapitalizations, dispositions and working knowledge of real estate development financial underwriting preferred
• Experience with Quickbooks, Yardi, and/or other financial systems required
• Individual and partnership taxation experience required
• Estate planning experience highly desirable
• Ability to learn quickly and desire to consistently improve reporting, processes, and procedures
• Ability to multi-task and run projects simultaneously.
• Proven professional communication & presentation skills required
• Proven track record of trustworthiness and maintaining confidentiality of sensitive information & records

Performance Metrics

• Timely and accurate production of financial and analytic reports
• Positive feedback from family office stakeholders

Knowledge, Skills and Abilities

• Strong analytical skills, both quantitative and qualitative
• Must be able to compile, monitor, examine various financial and performance reports
• Ability to provide recommendations for changes or improvements to current processes
• Excellent verbal and written communications skills to present to and work with senior management and ownership
• Advanced Microsoft Excel; Strong Word, PowerPoint and Outlook skills
• Strong work ethic, attention to detail, and commitment to meeting deadlines