Accounting Associate
Company: Maestrofs
Location: New York
Posted on: March 4, 2025
Job Description:
We have some exciting news to share! Maestro Financial Solutions
has rebranded as Trove. Check out for more information and view our
open positions here!Company OverviewTrove is an administrative
financial services company that understands the complex needs of
high-net-worth individuals, families, and their organizations.
Trove delivers an array of bespoke, day-to-day financial solutions
to the families and engagements it serves. We have 5 office
locations: Boston, MA; New York City, NY; Bryn Mawr, PA; Salt Lake
City, UT; and Stamford, CT. Through continued growth, we have
become the leading independent multi-family office in North
America! At Trove, we are dedicated to building centers of
excellence with a trusted, innovative, and expert team to support
our families and engagements. We look for talented people who are
motivated, curious, collaborative, and have a passion for
delivering the highest quality services with a culture of teamwork.
Interested? Read more about the day-to-day responsibilities of our
Accounting Associate below!Job DescriptionWe are seeking an
Accounting Associate to join our Family Office team. This
individual will be a key team member responsible for the daily
accounting and operations for a portfolio of assigned families
and/or engagements. If you have the skillset and experience needed
for the role, including general accounting knowledge, an
understanding of quality communication and responsiveness,
attention to detail regarding accuracy and timeliness, and the
ability to anticipate needs through proactively seeking solutions,
then we encourage you to apply!Responsibilities include, but are
not limited to:
- Manage general ledger / chart of accounts and identify mistakes
or errors.
- Follow Engagement's standard operating procedures (SOP).
- Ownership of bill pay: review and catch mistakes and ensure all
invoices are entered within the system for processing.
- Ownership of family receivables: accounts receivable, loan and
services such as preparation of invoices, issue resolution, and
ensuring timely deposits.
- Treasury management: process and reconcile all activity for
banking, credit cards, custody / brokerage accounts, alternative
payment methods, and retirement accounts.
- Prepare funding requests.
- Ownership of asset tracking process: real property,
collectibles, other assets, and preparation of journal entries as
necessary.
- Investment and partnership accounting: prepare journal entries
and reconcile investment accounts.
- Reporting and analytical review with proficient use of
software.
- Assist with tax return payments: follow tax deadlines to
process payments in a timely manner (checks via certified mail /
EFT via federal and state portals / EFT via banking system).
- Communicate cash needed for tax payments to the team.
- Assist with estate-related tasks and projects, as needed.
- Understand basic insurance program and identify key life events
which trigger coverage adjustments.
- Occasionally assist with concierge special projects.
- Organize and process payroll for employees (household and/or
business) as per the SOP and workflow.
- Relationship management: establish a working relationship with
external providers and the family to ensure a professional working
relationship.
- Communicate with team members proactively and
continuously.
- Assist with ad hoc projects and family requests, as
needed.QualificationsMinimum of an associate degree in accounting
or related area.Bachelor's degree in accounting or related area
preferred.1-3 years prior accounting or related experience, client
service-oriented experience preferred.Proficient in general ledger
software, bill pay software, Microsoft Office, & CRM systems.Skills
& Experiences for Success
- Strong organizational skills, candidate can prioritize work and
meet internal and external deadlines.
- Strong knowledge of debits, credits and general ledger / chart
of accounts with the ability to adhere to previous categories and
engagement specific processes.
- Basic understanding of asset classes for brokerage accounts,
alternative investments (private equity, hedge funds, etc.).
- Basic understanding of capital statements, capital calls and
distributions, NAV / profit allocations and partnership
allocations.
- Familiar with basic estate documents: wills, POA's, trusts,
living will, etc.
- Experience working in and/or knowledge of family offices and
high net worth individuals a plus.
- Strong verbal and communication skills.
- Ability to recognize areas for process improvement and provide
feedback to team for continued development of best practices.
- Willingness to participate in company events, understands the
importance of firm culture.
- Eagerness to learn and attend training sessions to expand
knowledge base.We offer an outstanding compensation package where
you will be rewarded for your experience and recognized for the
value you bring to our team of professionals. Our packages also
include discretionary bonus targets, generous retirement plan
company matching, medical and dental benefit options, and more! We
offer specialized educational courses and seminars, company events,
and community service events.Equal Opportunity EmployerTrove is an
equal opportunity employer. Qualified applicants are considered for
employment without regard to age, race, color, sex, marital status,
religion, creed, ancestry, national or ethnic origin, physical or
mental disabilities (as defined in the Americans with Disabilities
Act), sexual orientation, or gender identity.
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Keywords: Maestrofs, New York , Accounting Associate, Accounting, Auditing , New York, New York
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