Tax Managing Director, Private Client Services

About the role

The Private Client Services Practice is a boutique within BDO, offering high-touch tax and financial consulting services to high-net-worth individuals, families, and businesses. This role involves leading tax and consulting engagements, teaching team members, and maintaining client relationships.

Responsibilities

• Leads tax and consulting engagements and teaches team members 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 their 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.

Skills

• Initiative: Owns own career and technical development; demonstrates self-awareness, actively pursues projects and learning experiences to fill in 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/updates 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.

Qualifications

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

Benefits

Details on benefits are provided in the job description. Please refer to the job description for specific details.

Pay

Details on pay are provided in the job description. Please refer to the job description for specific details.

Schedule

Details on schedule are provided in the job description. Please refer to the job description for specific details.