Family Office Accountant

Arnold & Itkin LLP•Houston, TX

14h

About The Position

We are seeking a highly organized and detail-oriented Family Office Accountant to manage financial operations for multiple privately held entities. The role supports core business operations through accounts payable and receivable, journal entries, monthly closings, data analysis, and financial reporting. The accountant is expected to maintain accurate and timely financial records and ensure that books and records comply with GAAP, IFRS, company policies, and industry practices. The position emphasizes adopting technology and using software tools to optimize processes and improve efficiency. The accountant manages accounting for certain family entities, supports budgeting and financial analysis, prepares financial statements and intercompany entries, and maintains documentation for standard accounting procedures. The role requires independent full-cycle accounting experience, discretion, and the ability to maintain strict confidentiality.

Requirements

Bachelor’s degree in accounting, finance, or a related field.
3 to 5 years of accounting experience.
Experience independently managing full-cycle accounting.
Thorough understanding of accounting principles, debits, credits, journal entries, financial statements, and general ledger management.
Proficiency in QuickBooks or comparable accounting software and Microsoft Excel.
Exceptional attention to detail, accuracy, and organizational skills.
Ability to prioritize responsibilities, manage deadlines, and work independently.
Strong analytical and problem-solving abilities.
Demonstrated discretion and ability to maintain strict confidentiality.

Nice To Haves

Previous family office, private business, or multi-entity accounting experience.

Responsibilities

Manage the accounting cycle, including general ledger maintenance, journal entries, debits, credits, reconciliations, and financial reporting.
Maintain accounting practices and procedures in accordance with GAAP, IFRS, company policies, and industry practices.
Maintain confidentiality of information and record financial data accurately and promptly.
Manage accounting for certain family entities, including accounts receivable, accounts payable, and the general ledger.
Execute timely month-end general ledger closes for all entities in the accounting system.
Prepare journal entries, including recurring month-end entries.
Handle accounts payable and receivable, including invoice processing, billing, collections, and timely payment of expenses.
Prepare monthly, quarterly, and annual financial statements, including balance sheets, profit and loss statements, and cash flow reports.
Reconcile bank accounts, credit cards, and general ledger accounts; investigate and resolve discrepancies.
Support budgeting, financial analysis, and expense reporting.
Analyze, generate, and process intercompany entries to adjust or reallocate expenses between business units.
Prepare and post intercompany billing in a timely manner.
Maintain and periodically update documentation of standard operating procedures for crucial accounting processes.
Adopt software and use technology tools to optimize processes and drive efficiency.