Tax Managing Director, Private Client Services

About the role

The Private Client Services Practice at BDO is a boutique practice offering high touch tax and financial consulting services to high net-worth individuals, families, family offices, C-Suite executives, athletes, and entertainers.

Responsibilities

• Leads tax and consulting engagements and teaches team the skills needed to identify and address client needs, tax planning, and consulting opportunities.
• Provides Executive presence and acts as the primary client contact for preparation and presentation of issues and resolution to clients.
• Reviews complex individual, trust, estate, S-Corp, foundation, partnership, and gift tax returns and provides written and verbal feedback to preparers.
• Directs communication with government agencies for matters of the highest complexity.
• Identifies technical issues, conducts advanced tax research, and develops sound recommendations for PCS leadership, clients, and advisors.
• Expands in-depth understanding of tax concepts and knowledge through client engagements and current tax developments.
• Prioritizes and reviews work to keep engagements on track.
• Utilizes strong analytical, research, and critical thinking skills as well as decision-making skills to assist with client needs regarding individual and business decisions.
• Aids in PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and training.
• Builds new relationships and maintains existing relationships with BDO professionals and external sources.

Requirements

• 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.
• Software 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.

Qualifications

• Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
• Master’s degree in Accountancy or Taxation, preferred.

Skills

• Initiative: Owns their own career and technical development; demonstrates self-awareness, actively pursues projects and learning experiences to fill in their technical knowledge gaps.
• Communication: Expresses themselves effectively verbally and in writing; takes complex thoughts, synthesizes them into works 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 (KPI’s) 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.
• 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, adds/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.

Benefits

Annual salary ranges vary by location. For more details, please refer to the "About Us" section.