Commonwealth Financial Network

Head of Accounting and Finance, Family Office

Job Locations US-MA-Waltham
Job ID
# of Openings
Office of the Chairman


Do you have a decade or more of relevant senior finance and accounting experience, an innovative mind-set, and experience working in a financial institution, family office, or trust company? As the head of accounting and finance, you will oversee an effective and efficient financial management system for a complex family office.


We are looking for a senior finance and accounting professional with experience with high-net-worth clients to join our newly formed family office team in Waltham, Massachusetts. Reporting to the head of the family office, you will direct and manage the team responsible for the accounting and financial reporting and analysis functions for the family’s trusts and entities, while ensuring compliance with accounting standards, controls, and procedures.


Key responsibilities 

  • Setting strategy for the proper accounting and financial management of the family entities
  • Ensuring all stakeholders receive accurate, timely, and relevant financial information
  • Preparing, reviewing, and approving various internal and external reports, including monthly account reconciliations, balance sheets, financial statements, family member and trustee reporting, support for tax estimates and returns, management dashboards, and ad hoc requests
  • Formulating, implementing, and managing accounting policies and controls that effectively monitor operations and protect family assets; developing best practices to ensure effectiveness of procedures and controls
  • Managing book and tax accounting for corporate entities and partnerships; ensuring effective and proper use of financial systems to accomplish efficient book-to-tax reconciliations
  • Leading and directing efforts in the areas of process improvements, quality of information, and best practices in software use; providing appropriate training
  • Performing treasury functions for all entities; monitoring cash levels to ensure availability of funds, debt repayments, investment vehicles, and cash forecast
  • Preparing and maintaining subscription documents and capital calls for new and recurring investments
  • Calculating equity ownership, tax basis tracking, and potential gain/loss on investments
  • Proactively providing risk management advice across the organization, identifying emerging risks, and recommending appropriate risk management options to senior management
  • Implementing and maintaining appropriate insurance
  • Providing input for improvement in all areas of responsibility

Core strengths 

  • Excellent technical knowledge of accounting principles, practices, and internal controls
  • Excellent analytical, abstract-reasoning, problem-solving, and organizational skills
  • Proactive and positive attitude; driven and results oriented
  • Team player, who enjoys managing and partnering with others
  • Passion for improving processes and ensuring quality accounting information

Additional skills and knowledge 

  • Undergraduate or graduate degree in accounting or finance required; graduate degree or CPA preferred
  • Minimum 10 years of relevant senior finance and accounting management roles
  • Extensive experience with complex ultra-high-net-worth clients
  • Public accounting experience highly desired
  • Financial institution, family office, or trust company experience required
  • Trust and partnership reporting experience desired
  • General management and project management experience required
  • Experience working with information technology staff to manage finance and accounting software packages
  • Systems conversion and implementation experience highly desired

Have we piqued your curiosity? Can you see yourself thriving in this opportunity? Let’s introduce ourselves. 


About Commonwealth—and Our Anything but Common® Culture 


Commonwealth Financial Network® is the largest privately held Registered Investment Adviser–independent broker/dealer in the U.S., with offices in Waltham, Massachusetts, and San Diego, California. Since 1979, we’ve been delivering indispensable service to independent financial professionals so they, in turn, can put their clients first. Our technology, research, resources, and support—plus a variety of affiliation models—deliver what today’s independent advisors need to thrive. 


That being said, we are a financial services company with a unique mission—one that encompasses purpose, vision, and core values in equal measure. Staying true to these guiding principles is the reason we are recognized so often and by so many for the quality of life we enjoy here. We believe it directly translates to a better experience for everyone: employees, advisors, clients, and our communities. 


Creating a supportive culture where everyone can thrive is a mission we take seriously. From professional development to comprehensive benefits, grassroots leadership opportunities, generous bonus and stock option incentive plans, opportunities to unwind and connect, and so much more, Commonwealth is not just a great place to work—it’s a place that, for many, feels like home. 


We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth Financial Network® will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf. 


Commonwealth Financial Network® is an equal opportunity employer that is committed to a diverse workforce. 


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