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Financial Controller, Wealth Management

Full Time - Finance - London, GB

About Us

Alvarium is a global multi-family office, co-investment partner and merchant banking boutique providing tailored solutions for families, foundations and institutions across the Americas, Europe and Asia-Pacific. The firm specialises in being the trusted adviser to clients with complex needs, providing institutional quality advice, investment and risk management using the full spectrum of public and private markets. Alvarium also offers direct co-investment opportunities from specialist managers focusing on alternatives and real assets to highly sought-after managers, companies and opportunities in the innovation economy.

Alvarium has over 220 employees and 28 Partners advising on circa $22 billion of assets across four service lines — investment advisory, co-investments, merchant banking and family office services.

Alvarium has recently announced plans to merge with a US investment and wealth advisor firm in early 2022. The combined business, Alvarium Tiedemann Holdings (AlTi) is expected to be valued at $1.4 billion, to have combined assets under management of over $50 billion and be listed on Nasdaq and will have access to substantial capital for further investments. The focus will remain on high net-worth individuals across North America, Europe and Asia Pacific with a focus on impact or values-aligned investing.

Job Description

JOB MISSION

We are looking for a Financial Controller, Wealth Management for Alvarium's international business. Reporting to the CFO Wealth Management and International, the role has two direct reports and will lead financial control for Alvarium’s wealth management business outside of the USA (International). This is a business with current Assets Under Management (AUM) of £7.9bn and 250 employees.

This individual will have a leadership role on the combined Company’s Global Finance Team, and will be involved in all finance related activities for the International Wealth Management business. The role will interface with numerous internal and external teams and will advise the Company on accounting, financial reporting and internal controls.

The business is transitioning from a private to public ownership structure and, therefore, exposure to a US listed financials services business (from a London base) is highly desired.

RESPONSIBILITIES

  • The Financial Controller for the International Wealth Management business will have responsibility for the financial statements of our international Wealth Management businesses, including US GAAP basis financial statements within the Company's SEC financial statements (Forms 10-K and 10-Q) as well as UK GAAP/IFRS basis financial statements for statutory filings.
  • Manage the external audit process for the International Wealth Management business.
  • Manage staff accounting team within Wealth Management.
  • Analyze financial performance of the International Wealth Management Business, including historical analysis and live trends.
  • Work cross-functionally across the Company on accounting and SEC reporting matters for preparation and review of financial statements, footnote disclosures, MD&A, and relevant disclosure checklists.
  • Develop and maintain effective internal controls in relation to the financial reporting process; proactively identify opportunities to enhance internal controls compliance under Sarbanes-Oxley (SOX) and continuously improve the efficiency of financial operations.
  • Partner with the Global and International Controllers on implementation and integration of a global ERP (Enterprise Resource Planning) system, MIS (Management Information System) and other financial reporting, operating and control systems for the international businesses.
  • Continually research and stay well-informed of US GAAP, UK GAAP and IFRS accounting standards, as well as SEC and other regulatory reporting requirements.
  • Perform technical accounting research and analysis for significant accounting policies, such as revenue recognition and capitalization/expense analysis, as well as for potential mergers/acquisitions, including purchase price allocations, goodwill, and intangible assets.
  • Collaborate with the Financial Planning &Analysis team to assist with financial analysis, forecasting, and budgeting.
  • Assist in the preparation of presentation materials for the leadership team.

QUALIFICATIONS AND COMPETENCIES

  • Bachelor's degree in Accounting, Finance or Economics
  • ACA designation desirable
  • 6-9 years of relevant accounting experience; audit experience is required (with preference for Big 4) as is experience auditing and/or preparing financial statements for a publicly traded company
  • Wealth management and/or asset management industry experience is preferred
  • Strong technical knowledge across either US GAAP, UK GAAP and/or IFRS accounting standards is required, experience across multiple accounting standards is highly desirable
  • Experience with SEC reporting requirements is highly desirable
  • Experience with the design, implementation, and testing of internal controls is required; experience with Sarbanes-Oxley is highly desirable
  • Highly proficient in Microsoft Excel and reporting software and systems, e.g., NetSuite, Hyperion, Oracle, or Sage; NetSuite experience is preferred
  • Exposure to acquisition accounting and integrations, purchase price allocations, consolidations, eliminations, and post M&A financial reporting and systems support is desirable
  • Excellent analytical, organizational, and problem-solving skills
  • Strong written and verbal communication skills

Location:

London, GB

Department:

Finance

Employment Type:

Full Time

Remote Working:

Partially Remote

Contact Number:

+44 20 7195 1400

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