Family Office Accountant

Job description:

Founded in 1988 by Kenneth Picerne, The Picerne Group is an investment company that focuses on distressed debt, apartment acquisition, land acquisition, entitlement and apartment development. The Picerne Group creates above market returns by strategically capitalizing on its most significant competitive advantage: the ability to finance the acquisition of unentitled land. The Picerne Group acquires premium sites for multifamily development in areas that are supply constrained and have growing employment.

The Picerne Group’s development business focuses on Class A properties in its core markets of Southern California, Denver and Las Vegas. The Picerne Group is positioned to capitalize on rare development opportunities because of its liquidity and banking relationships. Additionally, its entrepreneurial yet professional approach to investing allows the company to take measured entitlement risk that institutional investors and less well capitalized sponsors cannot.

Working in a team environment, the Family Office Accountant is responsible for the full-cycle accounting and cash management for the Company’s owner including all business and personal transactions. Requires frequent interaction and coordination with other departments, most notably the Finance team. This role requires exceptional accuracy, attention detail, sense of urgency and confidentiality.

Main Responsibilities

• Perform the day-to-day accounting for the CEO’s Family Office
• Complete monthly bank reconciliations and balance sheet reconciliations.
• Prepare journal entries and related month-end close processes, including intercompany reimbursement and reconciliation.
• Perform balance sheet account reconciliations.
• Maintain accounting for investments including balance sheets for personal assets and residences.
• Record owner contributions and distributions; reconcile owner’s investments to project equity.
• Prepare monthly financial reporting package, including income statement, balance sheet, cash flow and variance analysis, for personal entities and residences.
• Daily cash management including determination/preparation of monthly funding requests.
• Review/approve invoices and prepare weekly invoice summary for approval. Monitor accounts payable aging summary to ensure timely payment of all invoices including credit card statements.
• Maintain accounting and supporting schedules for revolving lines of credit and amortization schedules for notes receivables.
• Prepare annual budget for personal entities and residences.
• Prepare annual tax return workpapers; assist tax accountants in preparation of tax returns.
• Prepare quarterly and semi-annually required reporting to lenders.
• Interface and coordinate with various departments within the Company. Liaise with external parties including outside tax accountants, bank partners, attorneys and vendors.
• Perform other accounting duties and ad-hoc projects as requested.

Qualifications

• Bachelor’s Degree in Accounting or Finance preferred
• 5 years of experience as Accountant; Family Office experience preferred
• Good communication and presentation skills
• Maintains and adheres to strict confidentiality
• Self-starter who takes initiative to bring up issues and propose resolutions
• Excellent attention to detail and high degree of accuracy
• Strong organizational and time management skills
• Ability to handle multiple projects simultaneously and respond quickly to changing priorities
• Demonstrate a sense of urgency and ability to respond quickly to changing priorities
• Demonstrate integrity, maturity, dependability, professionalism, confidentiality, positive attitude, and enthusiasm in the performance of duties
• Yardi (GL, Payscan, IM)
• Intermediate level Excel experience

Job Type: Full-time

Work Location: Required 100% In person

Benefits:

• 401(k)
• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Paid time off