Family Office Controller/CFO

• Location: South Orange County, California
• $175000 base salary
• Type: Direct Hire
• Job #1692
• Salary: $175,000 - $325,000

Title: Family Office Controller/CFO

Industry: Real Estate

Location: South Orange County

Overview: Pacific Executive Search has been engaged on a search for a Family Office Controller/CFO. In this role, you will take on new responsibilities overseeing financial operations for a diverse portfolio, including multifamily real estate and a historic hotel, while working in a vibrant location. You can expect opportunities for career growth as you implement strategic financial insights and develop internal controls in a stable, hands-on environment.

Description:

Responsibilities

• Engage directly in the daily financial activities of the hotel, aiding in decision-making and the establishment of controls and safeguards.
• Analyze and prepare financial data to provide insights to leadership regarding operational efficiency and internal controls.
• Develop and review proposals aimed at enhancing operational efficiencies, incorporating real-time financial analytics and metrics.
• Lead the development and preparation of budgeting and forecasting processes.
• Establish and maintain accounting and purchasing policies and procedures to ensure robust internal controls over financial reporting.
• Oversee and assist with period-end inventory reporting and the implementation of internal controls.
• Design and monitor internal controls to protect company assets and ensure accurate financial reporting across revenue, expenses, assets, and liabilities.
• Generate financial reports for over 70 entities, primarily focused on real estate-centric LLCs, partnerships, S corporations, and various family trusts, including the preparation of annual budgets and monthly actual-to-budget reports.
• Collaborate with an external CPA firm to produce annual reviewed financial statements, tax returns for all entities, and semi-annual compiled financial statements for ownership.
• Supervise and assist in all journal entries and monthly reconciliations related to the various brokerage and bank accounts held by the family and operating entities.
• Prepare monthly liquid asset reports for lenders and a summarized weekly version for ownership.
• Oversee daily accounting operations, including accounts payable, payroll, accounts receivable, inventory, and general ledger management.
• Manage monthly activities related to apartment holdings, including calculating partner distributions, invoicing management fees, and processing distribution checks, along with reviewing journal entries regarding income/loss for various entities.
• Act as the primary liaison with financial institutions concerning operational matters.
• Assist in onboarding new corporate office hires, ensuring timely enrollment in healthcare benefits.
• Process semi-monthly payroll for corporate staff, including quarterly analysis and calculation of intercompany overhead allocations from the corporate group to various corporations and related entities.

Qualifications

• Bachelor’s degree in accounting or finance; CPA certification is mandatory.
• Proficient in accounting software systems, including Microsoft Excel and QuickBooks.
• A minimum of ten years of relevant experience, encompassing public accounting and GAAP.
• Extensive understanding of GAAP and the ability to research FASB accounting standards.
• In-depth knowledge of tax laws and regulations.
• Self-motivated individual with exceptional integrity, work ethic, and follow-through.
• Strong multitasking abilities and keen attention to detail.
• Excellent collaboration and communication skills.
• Detail-oriented with strong technological and analytical capabilities.
• Willingness to take on tasks beyond formal responsibilities as needed.
• Strong organizational skills, capable of working independently and meeting deadlines.
• Adept at identifying issues, resolving problems, and making well-researched recommendations.