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Family Office Accountant

5.00 to 10.00 Years   Dubai, United Arab Emirates   19 Jul, 2019
Source2Hire
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationMaster's degree
Salary$8,000 - $9,000
IndustryBanking
Functional AreaNot Mentioned

Job Description

Job Summary:The Family Office senior accountant will be accountable for the proper management of the Owner?s personal finances inclusive of cash flow, bank portfolios, real estate and private equity investments, loans, insurance, tax and estate planning. He will partner with leadership to successfully manage current assets and liabilities, while strategizing on how to enhance profitability and increase efficiencies.Summarized The primary responsibilities of this position will include, but are not limited to:

  • Daily activity review and reconciliation
  • Month-end closings and trial-balance preparation
  • Oversight of the accounts payable function
  • Review employee expense reporting
  • Cash management
  • General Ledger & account reconciliations such as bank, clearing, billings etc.
  • Assist with financial statement preparation and external audit oversight
  • Audit investment portfolio statements from various banks
  • Consolidate investment portfolios
  • Assist with local and regulatory reporting
  • Assist with tax return preparation for partnerships, corporations, trusts and foundations
  • Substantiate financial transactions by auditing documents
  • Document financial transactions by entering the corresponding accounting information
  • Recommend financial actions by analyzing accounting options
  • Summarize current financial status by collecting information; preparing balance sheets, profit and loss statements, and/or other reports
  • Prepare payments by verifying documentation and requesting disbursements.
  • Audit financial?documents?and procedures, reconcile bank statements?and calculate tax payments and returns
  • Compiling financial information / ad hoc reporting & analysis
  • Maintaining management?s confidence and protecting operations by keeping financial information confidential
Duties and Responsibilities:Finances
  • Provide monthly detailed cash flow and expense analyses and partner accounts
  • Provide monthly balance sheets for the family office, trusts and foundations
  • Manage banking relationships and credit card accounts
  • Oversee cash management activities in tandem with the owners
Investments
  • Maintain accurate record of asset holdings, ownership percentages and applicable distributions
  • Perform audits on Bank Portfolios? (verifying value-dates, FX transactions, auditing products purchased & sold and/or other executed transactions)
  • Provide monthly details and analyses of the gains/losses from investments
  • Review and manage financial statements of the large investments including land and other; support increased profitability
  • Support special projects as they relate to future acquisitions or investments
Loans
  • Establish a tracking mechanism for loan parameters based on ownership holdings and maturity dates
Insurance
  • Manage insurance renewals and policy maintenance
Tax
  • Record and report philanthropic payments accordingly; maintain schedules and track outstanding obligations
  • Management of all income tax filings
Reporting/Consulting
  • Producing and distributing partner reports
  • Hosting monthly / quarterly partnership meetings
  • Providing guidance and insight on how to better execute various planning and associated outcomes
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