Family Director of Finance

The Westover Companies - King Of Prussia, PA

- Senior

King Of Prussia, PA

Real Estate

About the position

A single family office representing the owners and operators of a commercial real estate company located in suburban Philadelphia is seeking a family office Director of Finance. This dynamic, growing family office is making investments across all asset classes, including new opportunities in real estate, as well as building out an alternatives-focused portfolio. The office is also responsible for actively managing the family's commercial real estate portfolio, as well as underwriting and identifying acquisition opportunities. The firm is seeking a highly motivated and entrepreneurial finance professional to lead and develop the finance and accounting function. The Director of Finance will work directly with the family member who serves as the Executive Director of the family office and report to the Director of the family office.

Responsibilities

• Manage all financial, accounting, asset management and internal control activities for family office and large multi-family, retail, and office commercial real estate portfolio, including all distributions and contributions between the operating business and ownership/the family office
• Develop, manage, and optimize family office budget and cash flow
• Oversee family office cash and liquidity management
• Oversee accounting staff as well as accounting & bookkeeping process, including bank reconciliations, journal entries, account analysis and investment reporting
• Oversee private banking relationships, including lending facility management, and bank account management
• Manage relationship with the operating company's finance and accounting team
• Oversee and actively manage iterative improvements in financial and accounting systems including financial reporting, general ledger, and accounts payable platforms
• Manage monthly/quarterly review of family office and commercial real estate portfolio performance against operating budgets and KPIs
• Assist with preparation for family council and board meetings
• Hire and build out finance and asset management team, ensure continued mentoring and development of finance/accounting and asset management staff, and assist with hiring additional team members as needed

Requirements

• Have experience working with a family-owned business and/or a family office with an operating company
• Have experience in commercial real estate, particularly strategic real estate asset management and acquisition analysis
• Demonstrate ability to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate appropriate course of action
• Demonstrate strong verbal and written communication skills
• Be proactive and demonstrate strong problem-solving skills
• Have strong working knowledge of bill pay software and Microsoft Office Suite, including expert Microsoft Excel skills

Nice-to-haves

• Proficiency in MRI general ledger system, Addepar, and/or CoStar a plus