Tax Managing Director, Private Client Services
BDO USA
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Benefits offered by this job
Job summary
Qualifications
- Ten or more years of experience in accounting, finance, or law required.
- Expertise in private client service area required.
- Certified Public Accountant or Enrolled Agent credential required.
Responsibilities
- Lead tax and consulting engagements and teach team necessary skills.
- Act as primary client contact for issue preparation and resolution.
- Review complex tax returns and provide feedback.
Skills
Education
Tools
Job description
Private Client Services at BDO is a boutique practice within our firm. Offering a high touch approach, we have extensive experience serving high net-worth individuals, their families, family offices, C‑Suite executives, athletes, entertainers, as well as other people with complicated tax and financial structures. The Private Client Services Practice is experienced in all aspects of estate, income, gift, and trust tax consulting and compliance; charitable giving and philanthropic foundations; executive compensation; and cash‑flow, retirement, and life insurance planning.
A Tax Managing Director, Private Client Services (PCS) is responsible for utilizing their educational background and professional experience as well as their communication, time management, leadership, technical, business development, and people skills to provide tax compliance and consulting services to our high net‑worth clients. They are a critical member of the office/region leadership team.
- Lead tax and consulting engagements and teach team the skills needed to identify and address client needs, tax planning, and consulting opportunities
- Provide executive presence and act as the primary client contact for preparation and presentation of issues and resolution to clients
- Review complex individual, trust, estate, S‑Corp, foundation, partnership, and gift tax returns and provide written and verbal feedback to preparers
- Direct communication with government agencies for matters of the highest complexity
- Identify technical issues, conduct advanced tax research, and develop sound recommendations for PCS leadership, clients, and advisors
- Expand in‑depth understanding of tax concepts and knowledge through client engagements and current tax developments
- Prioritize and review work to keep engagements on track
- Utilize strong analytical, research and critical thinking skills as well as decision‑making skills to assist with client needs regarding individual and business decisions
- Assist with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and training
- Build new relationships and maintain existing relationships with BDO professionals and external sources
- Supervise associates, senior associates and managers, as the situation dictates
- Review work prepared by associates and senior associates and provide review comments
- Act as a career advisor to associates, senior associates and managers
- Schedule and manage workload of associates, senior associates, and managers
- Provide verbal and written performance feedback to associates, senior associates and managers
Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
Master’s degree in Accountancy or Taxation, preferred.
- Ten (10) or more years prior experience in accounting, finance, or law, required
- Expertise in the private client service area, required
- Prior supervisory experience, required
- Experience working in public accounting, preferred
- Certified Public Accountant credential, Internal Revenue Service Enrolled Agent (“EA”) credential, Attorney (admitted to practice in a U.S. jurisdiction), or the equivalent of one of these designations, required
- Possession of other professional degrees or certifications applicable to role, preferred
- Proficient in the use of Microsoft Office Suite (specifically Word, Excel, and PowerPoint) and Adobe Acrobat, required
- Experience with tax compliance process software (GoSystems, BNA Tax Planner, GoFileRoom, SurePrep), preferred
- Experience with tax research tools (BNA Portfolio, CCH IntelliConnect, Checkpoint and Lexis Nexis), preferred
N/A
- Initiative
- Owns their own career and technical development; demonstrates self‑awareness, actively pursues projects and learning experiences to fill in their technical knowledge gaps
- Takes joint responsibility for the success of the practice
- Communication
- Expresses themselves effectively verbally and in writing; takes complex thoughts, synthesizes them into work using clear, concise language, and presents a cohesive narrative
- Communicates status to the client in line with the frequencies the client desires; resolves client service issues in a timely and acceptable manner
- Leadership
- Manages and monitors key performance indicators (KPIs) as established by the business line
- Internally, behaves as part of the practice leadership group and is actively involved in practice matters such as recruitment, staff learning and development, scheduling, and retention
- Technical Skills
- Develops an in-depth understanding of the technical and practical issues and opportunities for high net‑worth individuals and their families; has expert knowledge of application of standards; recognized as industry expert in specialized field of taxation; uses expertise to advise clients on tax implications and recommend alternative courses of action and identify different methods of compliance
- 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; may be required to present complex strategies to clients and prospective clients
- Business Development
- Spends time developing their network of key financial decision makers, referral sources, and recruits
- Seizes opportunities for new professional contacts when presented; actively networks professionally outside of BDO
- People Development
- Supervises, develops and trains employees
- Acts as a career advisor; meets regularly with advisees, adding/updating goals as appropriate
- Delivers holistic feedback to others and advisees about their job performance and career growth; coaches others and advisees to help them develop their careers
California: $215,000 - $270,000
Colorado: $170,000 - $225,000
Illinois: $175,000 - $250,000
Maryland: $185,000 - $260,000
Massachusetts: $215,000 - $300,000
Minnesota: $170,000 - $250,000
New Jersey: $190,000 - $350,000
NYC/Long Island/Westchester: $230,000 - $350,000
Washington: $180,000 - $240,000
Washington DC: $190,000 - $300,000
Join us at BDO, where you will find more than a career; you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team.
BDO provides assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.
We are committed to delivering exceptional experiences to middle‑market leaders by sharing insight‑driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on ...
- Welcoming diverse perspectives and understanding the experience of our professionals and clients
- Empowering team members to explore their full potential
- Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
- Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
- Focus on resilience and sustainability to positively impact our people, clients, and communities
- BDO Total Rewards that encompass so much more than traditional benefits.
- Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vets.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
BDO USA, P.A. is an EO employer M/F/Veteran/Disability.
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