Chief Financial Officer - Family Office

Position Overview
In a Single Family Office (SFO), the Chief Financial Officer (CFO) reports directly to the Managing Principal(s).  The CFO is responsible for the complete, day-to-day financial management of the SFO.
  • Bachelor’s in Accounting; MBA may be preferred by some SFOs
  • “Big 4” experience generally required
  • CPA generally required
  • 10+ years’ of corporate accounting experience
  • 5+ years’ experience in a successful CFO role, either corporate or in a privately-held company
  • Combination of business and personal accounting background
  • Personal, trust and partnership accounting experience is required
  • Experience in complex multi-generational estate planning
  • Experience with highly complex tax returns
  • Prior experience working with a SFO a strong plus
Computer Skills
  • Highly proficient in MS Office Suite, especially Excel and Access
  • Knowledgeable of IT systems, processes, databases, etc.
  • Familiarity with SFO-specific software, including Advent, ATWeb, TNR Solution, Prospero, Spectrum Wealth, etc.
Knowledge, Skills & Abilities
  • Must be able to maximize utilization of the applicable infrastructure and technology systems in preparing documents and reporting
  • Combination of business and personal financial management capabilities is highly preferred
  • High level of integrity and dependability
  • Strong interpersonal, problem-solving, and creative skills
Essential Functions, Duties, and Responsibilities
  • Manages all personal tax issues and returns of the family members (including family trusts and partnerships)
  • Sources appropriate accounting council and coordinates efforts in certain areas of extreme tax specialty
  • Coordinates with the CIO on tax strategies for the family involving their investment portfolio
  • Produces updated cash flow reports, family income and expense statements, as well as financial statements (i.e. balance sheet)
  • Handles bill paying for the SFO as well as the family (partially automated through custodial relationships, cash management and other online resources)
  • Assists in evaluating business and real estate opportunities for the family, managing lines of credit, business and family loans, as well as cash distributions to family members
  • Coordinates hiring or outsourcing for the other areas of responsibility
Compensation – Corporate Type Benefit Package, Perks
  • In smaller SFOs, this position can cost $150,000 - $250,000 and increase to $500,000 - $750,000+ in mid-size to larger SFOs