Tax Senior, State and Local Tax - Unclaimed Property

Job Summary

The Tax Senior, State and Local Tax - Unclaimed Property, applies industry knowledge and experience to clients by assisting in advising clients of the tax implications and other accounting related matters that affect their business objectives, with an emphasis on unclaimed property compliance and consulting.

Research

• Identifies complex situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conducted
• Analyzes researched facts and the sources utilized prior to composing a detailed report of the research findings
• Routinely keeps abreast of latest relevant unclaimed property statutory, regulatory and case law changes

Unclaimed Property Compliance

• Obtains and manipulates data from client to use in preparation of annual escheat returns
• Uses FSI Track, BDO Global Portal and other systems for data gathering
• Imports data into FSI Track and prepares returns
• Identifies appropriate B2B and other exemptions/deferrals
• Performs reconciliations on data gathered to data reported
• Comes up with responses to notices from state authorities
• Aids with due diligence letter processing
• Aids with client payment processing
• Provides assistance with exam support
• Communicates routinely with clients and UP team members

Unclaimed Property Consulting

• Drafts memorandums, opinions and other documentation on various escheat issues
• Works with Unclaimed Property leadership to determine escheat planning process
• Participates in developing policy and procedures, addressing internal controls
• Represents clients on unclaimed property audits, mitigating exposures and assisting with best practices
• Represents clients on voluntary disclosures mitigating exposures and assisting with best practices
• Aids with identifying gift card planning opportunities and implementation
• Aids UP leadership with client interviews onsite visits, workplans, etc.
• Compiles and organizes general ledger detail, banking records, and other relevant source data for escheat items
• Prepares and reviews scheduling decks of sporadic data into Unclaimed Property templates for analysis
• Aids clients with remediation procedures (e.g., showing transactions are not owed)
• Develops exposure quantification models to calculate escheat exposures
• Aids with client refund review process
• Applies all applicable state tax consulting sub-specialties and confers with other STS professionals when appropriate
• Ensures escheat engagement letters are adopted prior to engagement work commencing and manages engagements
• Aids UP leadership with the development of consultative selling strategies
• Actively involved in relevant trade organizations and public speaking, networking events where appropriate
• Routinely updates CRM entries
• Manages the expectations of assigned clients
• Works with UP leadership to project manage multiple clients and projects simultaneously

Software Utilization

• Utilizes FSI track, tax research databases and other tax-related software in the completion of assigned tasks
• Maintains working knowledge of various GL systems (SAP, Oracle, JD Edwards, AS/400, Epicor, etc.)
• Participates in learning and executing technology enhancements for unclaimed property group

Supervisory Responsibilities

• May supervise the day-to-day workload of SALT Experienced Associates and Associates on assigned engagements
• May evaluate the performance of SALT, Experienced Associates and Associates and assists in the development of goals and objectives to enhance professional development
• Delivers periodic performance feedback and completes performance evaluations for SALT Experienced Associates, Associates and Interns