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Associate / Senior Associate, Private Client Services (Family Office Accounting)

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Location: Palm Beach, FL, United States
Date Posted: Feb 27, 2024

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Description

A&M is a group of entrepreneurial, action and results-oriented professionals who take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

We provide tax, turnaround management, restructuring, performance improvement, and corporate advisory services. Our tax practice is unique in that we offer the opportunity to work without audit conflict and truly act a trusted business advisor. We provide our teams with opportunities and support to develop and cultivate careers that are most meaningful to them and reward them based on their achievements.

We’re currently growing our Private Client Services (PCS) practice. PCS works with high net worth individuals and families and their private companies, serving as their advisor, advocate, teammate and partner. We are dedicated to helping our clients achieve their long-term goals by delivering highly personalized solutions that suit their unique needs. Due to our tremendous growth, we're seeking an Associate or Senior Associate to join our team.  This is a great opportunity to work directly with our clients with frequent interaction.

What Will You Be Doing?

As an Associate or Senior Associate within Private Client Services you will:

  • Provide multiple clients with a variety of accounting, support and administrative services including but not limited to the following:
    • Responsible for the full accounting processes, i.e. timely posting of all financial transactions to G/L, maintain the general ledger, generate & post all journal entries, coordinate monthly close, and prepare financial reports
    • Manage and provide reporting on client’s investment portfolio(s) and track performance using our state of the art wealth management software
    • Prepare and manage Cash Flow projections and develop various “What If” scenarios.
    • Manage the accounting functions for specific families that include; accounts payables, ensuring accurate, authorized invoices and payments are processed in a timely manner
    • Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and documenting business transactions
    • Manage and reconcile bank accounts
    • Reconcile various expenses and intercompany accounts
    • Prepare monthly/quarterly financial packages for clients with related work papers
    • Assist in preparation of annual tax package and supporting documents
    • Handle special projects and other administrative tasks as assigned
  • Develop trusted relationships with and collaborate with clients to compile project information and resolve issues;
  • Establish, modify, document, and coordinate implementation of accounting and accounting control procedures
  • Assist the A&M tax professionals with providing tax and consulting services to high net worth individuals in the areas of individual income tax, wealth transfer and succession planning, and international tax
  • Attend client calls to understand critical areas of importance and apply tax technical knowledge to specific client situations
  • Create deliverables that are concise, complete and address the elements deemed critical by the client
  • Mentor or support others on the team when they are supporting the same projects by delegating appropriate tasks, ensuring they complete tasks efficiently and sharing best practices
  • Build client relationships and demonstrate a working knowledge of client and their businesses; with opportunity to assume additional responsibility quickly
  • Identify opportunities to provide additional services to existing clients by using working knowledge of client businesses
  • Build internal relationships with other members and the greater A&M firm
  • Value diversity of perspectives and creates opportunities for individuals to feel comfortable contributing
  • Assist with business development, including add-on work by creating business development resources and proposal materials

How will you grow and be supported?

At A&M, we know our people drive our growth, and we're focused on providing an employee experience that supports professional and personal development. We provide our team with a robust performance development process which encourages continuous learning and development that rewards you for your contributions. We have the best technical and formalized on-the-job training and offer endless opportunities for professionals to acquire new skills. We also prioritize your well-being and provide personal tools and resources to support you through your personal journey. Click to learn about our commitment to your well-being. Our Tax professionals consistently share their favorite attributes of A&M are the growth opportunities, our unique, entrepreneurial culture and of course, the fun we have together. The possibilities are endless for high performing and passionate tax professionals. Click to learn more about why A&M is a great place work.

Qualifications:

  • Bachelor’s degree in Accounting
  • 2+ years of relevant experience, Private Client Service/Family Office/High Net Worth accounting experience strongly preferred
  • CPA (or in the process of completing))
  • High level of integrity and respect for the confidential nature of the information our Private Client Services Group is privy to
  • A “Can Do” attitude and willing ness to help other members of the PCS team, when necessary.
  • Excellent verbal and written communication skills including the ability to articulate complex information clearly and concisely
  • Excellent research, writing, and analytical skills

Compensation Statement

The annual base salary range for Associate is $70,000 - $85,000 and Senior Associate is $85,000 - $105,000 commensurate with experience. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.  Please ask your recruiter for details.

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Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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