Job Details
Company Overview
Every firm has a culture - the values, beliefs, methodology, attitudes and standards that reflect an organization's DNA. But the truly inspiring firms - the game-changers, the industry leaders and the disruptors - have cultures that propel them to innovate and stand out. At Brown Advisory, we aim to be one of those inspired firms. Over the years, we have purposefully built and nurtured our client-first culture.
Brown Advisory is an independent investment management and strategic advisory firm committed to delivering a combination of first-class performance, strategic advice and the highest level of client service with offices in Austin, Baltimore, Boston, Delaware, Frankfurt, London, Nashville, New York, North Carolina, San Francisco, Singapore, Southern California, Tokyo, Virginia and Washington, D.C. The firm's institutional and private clients are based in 50 states and more than 44 countries and territories and are served by over 850 colleagues worldwide, all of whom are equity owners of the firm.
As the Director of Family Office Accounting, you will play a lead role in the oversight of all administrative and financial aspects of highly sophisticated Family Office clients. In this role, this person will manage and oversee a team of accounting professionals who support and deliver CFO services to the clients. This includes the execution of day-to-day financial transactions and periodic preparation, analysis & reporting of the financials to the client team and to the clients.
The Accounting Director will project manage team activities and ensure delivery of all CFO services to approximately 40 Family Office clients, timely and accurately. This role is responsible for delivering services that help to protect and manage client assets and interests by managing partner relationships, vendors, and other third-party interactions. This person will also bring to bear external advisors and experts to support client's investment and financial activities. The client base is comprised of the largest and most complicated clients of the firm, representing assets under management of approximately $15Bn.
The role will also include (i) managing, evaluating and improving department processes; (ii) involvement in internal firm projects that focus on enhancements to infrastructure; and (iii) participation in business development opportunities with prospective clients to help grow the practice.
This individual will have to embrace change with a great ability to adapt in a fast-paced environment focusing on the day to day activities proactively. The Accounting Director should be able to identify needs and propose solutions to successfully complete projects on time with tremendous collaboration and time constraints. They must also enjoy problem solving and the generation of brand new ideas that drive efficiency and opportunity for the client.
The above will include:
Oversee daily office operations of the Family Office Client Accounting team:
- Work with existing manager to assume responsibilities for managing 10-person Client Accounting team
- Monitor process execution
- Identify and implement process enhancements
- Lead onboarding of new family office clients with members of broader team
- Participate in family office client relationships as member of the team
- Respond to family and business requests and inquiries
- Oversee banking relationships
- Manage and approve fund flows for client bank accounts
- Review and develop regular reporting tools for the clients to understand liquidity, asset allocation and cash flow
- Responsible for oversight of all financial activity including, reconciling accounts, forecasting cash, and preparing financial statements
- Work closely with tax advisors for document requests, timely payment of tax liability by jurisdiction; Interacting with trustees and counsel to facilitate distribution determinations and information flow
- Develop and implement new procedures and processes to enhance workflow
- Lend support with various ad-hoc requests (e.g. presentations, tax reports, special projects)
Desired Qualifications- Public accounting and/or professional services background
- Demonstrated experience managing the accounting or tax for $1BN+ family office with a mix of liquid and illiquid assets and a complex structure to support multi-generational wealth transfer in a tax efficient manner
- Partnership accounting or tax experience with single family office, CPA firm or investment management firm
- Bachelor's Degree in Accounting, Finance or Corporate Finance (Masters - Post Graduate degrees - strongly preferred)
- Must hold a CPA Designation
- Minimum of 15 years of relevant work experience, including the majority in a client service environment
- Proficiency in Quickbooks, Microsoft Excel, Salesforce. Experience with SEI Archway, a plus
Competencies:This person must:
- Be a self-starter and a confident individual
- Act with integrity (handle confidential information with utmost discretion, trust own judgment when "alarm bells" go off, etc.)
- Analyze data effectively & make recommendations that incorporate both the results of the analysis along with the preferences of the owners
- Take a solution-oriented approach; Solve problems by recommending strategies that will serve the client's needs and best interests over the long term
- Drive continuous improvement; Be innovative and creative, always striving to improve efficiency and quality of services
- Possess exceptional interpersonal and communication skills, both verbal and written
- Exhibit accountability and ownership
- Be client centric-always have the client's objectives in mind
- Apply a disciplined approach (be organized, thorough and have good follow-through skills)
- Foster effective teams and be a proven leader (managing and developing junior professionals)
- Be flexible and demonstrate resiliency in a high demand environment
- Ability to work full-time in person in our Baltimore office
- Ability to travel to our Norfolk office
Skills/Knowledge/Abilities Required:- Process oriented; Risk aware and controls minded
- Organization and prioritization of the workload to ensure needs are fully met timely
- Superior attention to detail and accuracy
- Sound judgment and the ability to maintain absolute discretion
- Excellent communication and presentation skills
- Experience working with various systems, ability to design reports
- Ability to meet deadlines
- A willingness to perform not only accounting work, but also other services typical of a Family Office
BenefitsAt Brown Advisory we offer a competitive compensation package, including full benefits.
Medical
Dental
Vision
Wellness program participation incentive
Financial wellness program
Gym membership discounts
Fitness event fee reimbursement
Corporate gym membership discounts
Colleague Assistance Program
Telemedicine Program (for those enrolled in Medical)
Adoption Benefits
Daycare late pick-up fee reimbursement
Basic Life & Accidental Death & Dismemberment Insurance
Voluntary Life & Accidental Death & Dismemberment Insurance
Short Term Disability
Paid parental leave
Group Long Term Disability
Pet Insurance
401(k) (50% employer match up to IRS limit, 4 year vesting)
Brown Advisory is an Equal Employment Opportunity Employer.