Managing Director, Transaction Advisory Services (M&A Tax)

About the role

The Managing Director advises clients on U.S. federal income tax issues associated with mergers and acquisitions. The primary focus of the role will be on Section 382 consultative projects, which may involve structuring and restructuring, consolidated return subsidiary share basis and earnings and profits analyses, Section 1202, and transaction cost analyses.

Responsibilities

• Serves as a primary technical resource for the technical practice areas described above for the Firm and its clients, including with respect to the broader tax practice.
• Reviews work prepared by Associate, Senior Associate, Manager, Senior Manager, and Director professionals in the Transaction Advisory Services Group, and work with Principals on client optimization strategies.
• Reviews step plans for legal entity rationalization/restructuring transactions, including pre-transaction restructurings, post-deal integration entity alignments, and other reorganizations.
• Works with BDO counterparts in India to increase capacity for Section 382 consulting, trains the TAS team and overall tax practice as to Section 382 tax technical topics, and improves BDO’s deliverables, tools, and templates related to Section 382.
• Reviews stock basis and E&P analyses for consolidated groups, reviews inside and outside basis analyses for C corporations, frames projects and issues for effective delegation to directors, senior managers, managers, senior associates and associates, reviews structure decks for taxable and nonrecognition transactions between unrelated third parties.
• Identifies when research is needed, clearly and concisely frames issues to be researched, and clearly and concisely reports the analysis.
• Develops new or improved ideas for clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits.
• Reviews studies of tax implications and offers clients alternative courses of action.
• Identifies and leverages lessons learned on prior projects, and offers input on how to improve processes and methods.

Qualifications

• Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
• Juris Doctor (JD) or Master of Laws (LLM) with a focus on Tax, preferred.
• Master’s degree in Accounting or Tax, preferred.
• Ten (10) or more years of prior relevant tax experience and/or public accounting, private industry accounting, or legal experience in three or more of the areas listed below, required:
• Knowledge of Section 382, and experience in preparing, reviewing, and auditing Section 382 studies.
• Knowledge of the consolidated return regulations, specifically experience in preparing, reviewing, and auditing consolidated subsidiary share basis and earnings and profits analyses.
• Experience in preparing, reviewing, and auditing deliverables related to transaction structuring, legal entity rationalization, and post-transaction structural integration.
• Experience in preparing, reviewing, and auditing transaction cost analyses.
• Experience in drafting technical tax memorandums and opinions to support client positions.

Skills

• Superior verbal and written communication skills.
• Strong analytical, research and critical thinking skills as well as decision-making skills.
• Ability to work well in a team environment.
• Ability to develop team of tax professionals.
• Ability to compose written tax advice.
• Ability to effectively develop and maintain client relationships.
• Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to client.
• Demonstrates a high level of integrity.
• Ability to adapt quickly in uncertain or unstructured situations.
• Excellent communication skills, with the ability to give and receive criticism and feedback constructively.
• Ability to simplify complex issues for client and non-tax professional understanding.
• Utilizes and improves digital tools to reduce hours and optimize engagement efficiency.
• Intellectually curious, motivated to deliver work of the highest quality, and driven to expand knowledge of tax technical matters, BDO’s business, its clients, and the team.
• Ability to lead by example, demonstrating to less experienced professionals the importance of continual personal and professional growth.

Benefits

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. National Range: $250,000 - $350,000. Maryland Range: $250,000 - $350,000. NYC/Long Island/Westchester Range: $250,000 - $350,000.