Partnership Tax Managing Director, Advanced Computational Services

BDO USA, LLP; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Job summary

BDO USA, LLP is seeking a Tax Managing Director, Partnerships in Chicago, Illinois. This role requires advising clients on tax implications regarding partnerships and driving process improvements within the team. A strong background in partnership taxation and client management is essential.

The Tax Managing Director will develop tax strategies, mentor juniors, and oversee projects while enhancing client relationships. Join a dynamic firm dedicated to delivering comprehensive tax solutions.

Qualifications

• In-depth knowledge of partnership taxation and tax implications on business objectives.
• Experience managing client relationships and expectations.
• Ability to conduct training and mentoring for junior team members.

Responsibilities

• Advise clients on partnership-specific tax implications and computations.
• Develop efficient tax strategies to maximize client benefits.
• Supervise and review work of associates and senior associates.

Skills

Partnership taxation knowledge

Client relationship management

Research skills

Team management

Tax consulting strategies

Education

Master's degree in Taxation or related field

Job description

Job Summary

The Tax Managing Director, Partnerships is responsible for advising clients on the tax implications of their business objectives and various partnership specific items, including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Managing Director, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The Tax Managing Director, Partnerships is a critical member of the Partnerships leadership team and actively participates in the marketing and business development of the group. In addition, the Tax Managing Director, Partnerships develops and drives process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members.

Tax Specialization

• Maintains and develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
• May organize and conduct, or participate in conducting effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
• Trains and mentors associates, senior associates, and managers
• Provides oversight and review of partnership capital account maintenance and relevant computational services

Research

• Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
• Identifies complex issues to be researched by engagement team and provides research methodology for efficient research process
• Trains associates, senior associates, and managers on research skills and helps to appropriately frame tax issues for analysis
• Involves firm specialists, as appropriate

Tax Consulting

• Develops, recommends and implements efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes
• Applies a combination of tax knowledge and knowledge of business/industry to recommend solutions
• Implements applicable Firm strategies
• Manages client relationships and expectations

Strategy Development

• Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
• Researches and implements tax strategies, including experimentation with promising new strategies and ideas
• Consistently makes suggestions as to how previous work products or approaches can be improved
• May lead marketing campaigns, if applicable to role
• Presents complex strategies to clients and prospective clients
• Other duties as required

Supervisory Responsibilities

• Supervises associates, senior associates, and managers on all projects
• Reviews work prepared by associates, senior associates, and managers and provides review comments