Business Consultant, Practice Management

Employer
Commonwealth Financial Network LLC
Location
Waltham, Massachusetts
Posted
Apr 01, 2024
Closes
Apr 05, 2024
Ref
2742091248
Level
Staff
Work Mode
Hybrid
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
Job ID: W/SD-2022-AS
# of Openings: 1
Category: Practice Management
Type: Permanent/ Full-Time

Min: USD $95,000.00/Yr.

Max: USD $115,000.00/Yr.

Overview

If you're looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the Practice Management department offers a hybrid work schedule, so you'll be able to work from home for part of the week!

We're looking for a business consultant to join our ranks. Commonwealth's Practice Management department is searching for a consultant to work with our large, multi-advisor firms as part of our enterprise consulting team. The ideal candidate brings creative problem solving, energy and passion, technical expertise, and emotional intelligence.

Practice Management offers consulting and programs to support our affiliated financial advisors in their role as business owners, helping them build thriving and enduring firms. The department focuses on strategic planning, growth strategies, mergers and acquisitions, talent management, and enterprise design. The enterprise consulting team leads complex engagements on topics such as transforming business and organizational structures, achieving scale, expanding ownership, creating development pathways, and financial management mastery. They must be able to blend business and finance acumen with the interpersonal skills necessary to effectively work in a client-facing role.

Key Responsibilities
  • Deliver consultations with multi-advisor firms to help them determine the best business model to achieve their long-term goals, helping them drive growth, build scale, and create an enduring legacy
  • Engage with Commonwealth's largest and most complex enterprise clients, addressing a broad range of factors related to organizational structure, leadership roles, infrastructure, financial management, and compensation systems
  • Support ensemble transformation to equity-based ownership structures by creating pro forma financial models, mapping compensation systems, determining partnership criteria, and designing frameworks to add and exit partners
  • Help firms put financial structures in place to properly track, monitor, and benchmark financial performance and identify actionable implications
  • Deliver consultations with advisors on scaling their businesses, introducing a tiered service matrix, and maximizing their time to achieve growth
  • Help firms navigate difficult team dynamics and productively address conflict
  • Collaborate extensively with the other Practice Management consulting teams to provide holistic support for all phases of the business life cycle
  • Lead and support projects to develop value-added tools and resources for advisors to leverage in their businesses
  • Present at Practice Management programs and Commonwealth conferences
  • Write for the Commonwealth Business Review and the Commonwealth Independent Advisor blog

Core Strengths and Skills
  • Deep understanding of the issues facing small business owners
  • Ability to clearly communicate nuanced concepts and navigate sometimes complex interpersonal dynamics.
  • Strong Excel modeling, analytical and creative problem-solving skills
  • Familiarity with managerial accounting concepts and the ability to read and interpret financial statements
  • Comfortable in a fast-paced, high-demand, dynamic environment
  • Demonstrated ability to work independently under pressure
  • Ability to work as both a collaborative team member and an individual contributor
  • Strong written and verbal communication skills
  • Excellent listening and follow-up skills


Additional skills and knowledge
  • 8+ years of experience working with financial advisors, management consulting experience, or working in small business management
  • Bachelor's degree required, MBA or specialized Master's degree preferred

Have we piqued your curiosity? Can you see yourself thriving in this opportunity?

Picture Yourself Here

At Commonwealth, we believe in a better world. We hold ourselves and each other to higher standards. We take care of one another. That's why we invest in you-we encourage employee growth both in your career and education; we are building out a robust diversity, equity, and inclusion program; we offer incredible healthcare benefits; and we find plenty of occasions to celebrate. What's not to love?

We are always striving to be better, and we are looking for employees who share that same mindset. Better people, better coworkers, better leaders, better creators. Bring your best work and your full self to the table, and we will do the same. Together, we can build a better future for our advisors, their clients, our company, and you.

About Commonwealth

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California.

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, which has earned us 43 Best Place to Work awards.?

The Fine Print

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth 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 is an equal opportunity employer, making intentional efforts to source talent from all backgrounds.

Min

USD $95,000.00/Yr.

Max

USD $115,000.00/Yr.

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