What are the responsibilities and job description for the Principal position at BanyanGlobal Family Business Advisors?
Principal Role
We recognize the critical role that Principals play in our success. Our culture reinforces the respect we feel for our Principals by giving them substantial responsibility, close working relationships with Partners and clients, and a long-term commitment to their professional development. The result of this unique combination of sophisticated practice, intellectually charged atmosphere, and people-oriented culture is a group of Principals who are enthusiastic about working at Banyan.
How we work
Our structure, with a low ratio of Principals to Partners affords our principals the opportunity to quickly take on meaningful responsibilities which allows them to become highly valued members of small teams working directly with clients. Given the nature of our practice and the absence of repetitive, standardized work, we train Principals to be complete, well-rounded advisors as opposed to specialists in subparts of particular work; in short, we try to develop in each of our principals the skills necessary to become a Partner in our firm.
Banyan provides an exceptional workplace that fosters employees’ professional development in a collegial and supportive environment. Our collaborative team provides training of new principals and their acculturation into the firm. Each new principal is assigned a principal and a partner mentor upon joining the firm. Partners ensure that principals receive work experience of appropriate breadth and intensity, as well as sufficiently detailed feedback about their progress in acquiring the skills necessary to succeed at the firm.
Culture
We pride ourselves on having built an advisory firm that is truly authentic, compassionate, and enables a genuine work-life balance. Having experienced life in larger consulting firms, we understand the challenges of typical consulting models and we look to address those. We strongly encourage a healthy work-life balance and support young families; our travel model is more limited than standard consulting models.
Typically, our advisors are working with multiple clients at any given time, providing a diverse set of opportunities and experiences. We are a diverse, multidisciplinary team of authentic, empathic, and compassionate people who value high emotional intelligence. People build their careers with us - our average tenure is long.
What you’ll do
- Build trusted relationships with clients
- Lead workstreams in client engagements
- Manage projects to ensure they are on-time, on-scope, on-budget, and meeting the objectives of the client
- Deliver client presentations, facilitate client meetings, and help clients implement recommendations
- Structure, perform, and oversee quantitative and qualitative analysis on core family, business, and ownership issues for clients
- Provide support and direction to project teams
- Draft high-impact proposals, assessment reports, presentations, and workplans
- Generate creative, action-oriented insights and recommendations
- Contribute to Banyan’s knowledge capture and dissemination
- Take on internal roles to build and support key firm activities (e.g., business development, research projects)
What you’ll bring
Our ideal candidate will have the following qualifications and competencies :
Compensation Range
Salary for this role is expected to be between $155,000 and $286,000 annually. This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will vary depending on factors, including but not limited to external market data, internal equity, skillset, experience, and / or performance, and other considerations. The comprehensive compensation details, inclusive of bonus and other benefits, will be communicated upon finalization of the employment offer. The Company reserves the right to modify this pay range at any time.
Salary : $155,000 - $286,000