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BDO USA, LLP

Tax Managing Director, Private Client Services

BDO USA, LLP, San Antonio, Texas, United States, 78208


Job Summary:

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.

Job Description:Leads tax and consulting engagements and teaches their team the skills needed to identify and address client needs, tax planning, and consulting opportunitiesProvides Executive presence and acts as the primary client contact for preparation and presentation of issues and resolution to clientsReviews complex individual, trust, estate, S-Corp, foundation, partnership, and gift tax returns and provides written and verbal feedback to preparersDirects communication with government agencies for matters of the highest complexityIdentifies technical issues, conducts advanced tax research, and develops sound recommendations for PCS leadership, clients, and advisorsExpands their in-depth understanding of tax concepts and knowledge through client engagements and current tax developmentsPrioritizes and reviews work to keep engagements on trackUtilizes strong analytical, research and critical thinking skills as well as decision-making skills to assist with client needs regarding individual and business decisionsAssists with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and trainingBuilds new relationships and maintains existing relationships with BDO professionals and external sourcesSupervisory Responsibilities:Ability to supervise associates, senior associates and managers, as the situation dictatesReviews work prepared by associates and senior associates and provide review commentsActs as a Career Advisor to associates, senior associates and managersSchedules and manages workload of associates, senior associates, and managersProvides verbal and written performance feedback to associates, senior associates and managersQualifications, Knowledge, Skills, and Abilities:Education:Bachelor's degree, required; major in Accounting, Finance, Economics, or Statistics, preferredMaster's degree in Accountancy or Taxation, preferredExperience:Ten (10) or more years prior experience in accounting, finance, or law, requiredExpertise in the private client service area, requiredPrior supervisory experience, requiredExperience working in public accounting, preferredLicense/Certifications: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, requiredPossession of other professional degrees or certifications applicable to role, preferredSoftware:Proficient in the use of Microsoft Office Suite (specifically Word, Excel, and PowerPoint) and Adobe Acrobat, requiredExperience with tax compliance process software (GoSystems, BNA Tax Planner, GoFileRoom, SurePrep), preferredExperience with tax research tools (BNA Portfolio, CCH IntelliConnect, Checkpoint and Lexis Nexis), preferredOther Knowledge, Skills & Abilities:Initiative

Owns their own career and technical development; demonstrates self-awareness, actively pursues projects and learning experiences to fill in their technical knowledge gapsTakes joint responsibility for the success of the practice

Communication

Expresses themselves effectively verbally and in writing; takes complex thoughts, synthesizes them into works using clear, concise language, and presents a cohesive narrativeCommunicates 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 (KPI's) as established by the business lineInternally, 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; Use expertise to advise clients on tax implications and recommend alternative courses of action and identify different methods of complianceIntroduces 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 recruitsSeizes opportunities for new professional contacts when presented; Actively networks professionally outside of BDO

People Development

Supervises, develops and trains employeesActs as a Career Advisor; meets regularly with advisees, adding/updating goals as appropriateDelivers holistic feedback to others and advisees about their job performance and career growth; coaches others and advisees to help them develop their careers

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.

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