Manager, Family Account Management (CPA)

Job title: Manager, Family Account Management (CPA)

Job description: Manager, Family Account Management (CPA)

In Family Account Management (FAM), we act as personal CFO’s for high net worth families. We offer a customized approach for each family, which includes services such as cash management, lifestyle management, integrated financial planning opportunities as well as day-to-day accounting and bookkeeping needs.

Position overview :

Richter currently has an opportunity for a Client Relationship Manager and Advisor within the Family Account Management and Accounting team.

The candidate must possess a sound knowledge of accounting as well as a good understanding of financial products in order to serve the interests of a high-net-worth client base.

A day in the life of a Manager, FAM :

• Serve as the personal CFO for wealthy families.
• Hold quarterly meetings with the families to review reports and develop a financial strategy.
• Serve as the primary contact person for professionals around the families.
• Navigate and understand complex structures involving investment companies, trust companies, partnerships and multiple generations.
• Develop appropriate procedures based on the needs of the families.
• Conduct mandates with professional standards using sound methodologies and techniques.
• Coordinate investment closings and capital calls including explaining the investment to clients and making arrangements for documents and payments.
• Monitor the financial information of the families receiving personal CFO services from the division.
• Offer advice on optimizing cash flow and on the overall structure.
• Provide financial projections and a complete analysis of the client’s pro forma information (understand the implications of the transactions and their tax impact).
• Coordinate financial activities with family advisors such as bankers, accountants and lawyers.
• Gain an understanding of the investments and a general understanding of the fiscal, legal and accounting implications.
• Recommend tax strategies in consideration of remuneration planning, distribution of income among family members, CDA balances, and safe income.

What we are looking for :

• CPA designation
• At least 7 years of experience in related duties
• Experience managing wealth or considerable wealth, an asset
• Other designations, an asset (F.Pl., TEP, CFA, MBA)
• Ability to work in a growing, fast-paced environment
• Detail oriented, conscientious and resourceful
• Ability to prioritize, multi-task and work in a fast-paced environment
• Complete verbal and written bilingualism (English and French)
• Excellent communication skills and team work
• Computer literate in MS Office package, and comfortable with learning new software packages

What Richter offers you ?

A competitive compensation package, insurance benefits, a retirement savings plan, an employee and family assistance program, a health and well-being program, as well as professional development are also offered. To accommodate your personal and family obligations, a variety of work arrangements are available which may include a flexible schedule and working remotely.

Company: Richter

Expected salary:

Location: Toronto, ON

Job date: Fri, 17 Dec 2021 08:05:50 GMT

Job Source: Careerjet.ca

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