This Chief Financial Officer role leads the day-to-day accounting, tax, and finance operations for a private holding company. The position requires a hands-on leader with a strong technical background and experience working with real estate, private equity, and venture capital investment funds, as well as operating companies across various sectors and geographies. The CFO will be an integral part of the executive team, identifying and executing value creation initiatives.
Responsibilities
Oversee all accounting and expense systems; ensure strong financial controls, segregation of duties, and approval processes that minimize risk and prevent fraud
Lead annual and quarterly financial reporting cycles including collecting data, building forecast models, and identifying automation opportunities to improve efficiency
Manage and review various billings, invoicing, and reimbursements related to the principals, operating companies, and investment funds
Lead audit process and relationship with auditors
Review private aircraft cost tracking, tax logs, compliance, and reimbursements
Manage fund recording and reporting models
Ensure accuracy, transparency, and timeliness of financial reporting from portfolio companies and fund managers
Oversee preparation of capital calls and distributions across the Firm and related co-investments; maintain and reconcile capital accounts
Review and report monthly/quarterly performance metrics for all external investment managers
Liaise with third-party appraisal firm on valuation of portfolio companies
Review valuations of PE/VC/RE fund managers
Prepare quarterly and annual valuations and valuation memorandums
Prepare periodic financial communications to Firm’s executive team and limited partners, including commentary and performance metrics
Perform financial due diligence on current and prospective external managers or operating businesses, as needed
Engage external tax advisors on a regular basis to understand pending tax legislation and to be proactive in developing appropriate tax optimized responses
Provide principals with optimized tax planning/structuring options
Prepare estimates for investor quarterly tax payments
Construct Q4 estimates of AGI and taxable income and coordinate the external advisers to implement year-end tax optimization strategies
Manage year-end tax loss harvesting
Manage tax compliance for all Firm and co-investment entities including collecting data needed by the outside tax return preparers
Review and sign all tax returns and make all required tax payments
Oversee and implement a risk management program covering real property, liability, and personal property
Millions of jobs, with real people getting hired every day
200,000+
New jobs added daily
7,000,000+
Verified job listings
1,000,000+
Tailored applications submitted
Regularly assess whether current insurance coverage is sufficient given evolving exposures and asset holdings
Evaluate and periodically review insurance brokers and carriers
Prepare and disseminate weekly, monthly, quarterly, and annual cash flow forecasts
Keep a timetable for maturing credit facilities
Explore alternative capital sources for the Firm as well as assisting portfolio companies with the same
Monitor and manage loan covenants
Prepare required compliance certificates
Proactively develop and maintain relationships with existing and prospective financial institutions to ensure optionality for the renewal of existing facilities as well as new ones across the Firm and portfolio companies
Manage cash and lines of credit to ensure adequate funding for investments, loan maturities, and general expenses
Manage payroll and benefit related matters for onboarding/offboarding of employees
Review and communicate employee benefit plans
Review incentive plan calculations, including 409A stock option grants
Manage compensation waivers and 83b elections
Requirements
Bachelor’s Degree required
CPA or MBA preferred
15+ years meaningful experience in finance, accounting, tax, and FP&A
Investment performance reporting along with knowledge of diverse investments
Knowledge of fund accounting (including unit-based value fund accounting), valuation, and partnership taxation for alternative investment platforms
Experience from open-ended, evergreen fund highly valued
Experience as a CFO in another alternative investment firm covering PE, VC, energy, and/or diversified real estate investments
Tax structuring experience highly valued
Proven ability to deliver best practices and to work independently
Track record of creating value inside portfolio companies
A smart individual, who instills confidence in staff and external advisors
Important Details
Work format: Remote, PST Hours
About the Company
This private holding company is owned by a small consortium of families and invests across a variety of asset classes and sectors, with a particular focus on real estate, private equity/venture capital (both direct and indirect), and direct operating businesses. It is a small and highly collaborative team that values hard work, attention to detail, accountability, and professionalism.
