Income Tax Managing Director, State and Local Tax

Job Summary:A Specialized Tax Services State and Local Tax (STS SALT) Managing Director is responsible for providing written tax advice to clients, evaluating and alternate courses of action to lessen tax burden and cost of compliance, recognizing potential tax risks and identifying potential changes in tax policy and regulations. In this role, the STS SALT Managing Director will be charged with marketing, networking and business development within his/her area of experience and specialization and maintaining key client relationships.  Additionally, the STS SALT Managing Director is a critical part of the office’s / region’s Tax Services leadership team, and will act as a source for guidance on complex tax questions and issues.Job Duties:ResearchIdentifies all situations when research is necessary, and conducts appropriate investigation on identified topicsAnalyzes researched facts and  the sources utilized Prepares studies of tax implications and outlines alternative courses of action to clientsPartners with other Core Tax and Specialized Tax Services professionals to resolve complex and contentious mattersTax ComplianceEnsures clients comply with applicable authorities while identifying options for minimizing the client’s tax and reporting burdensManages engagements to ensure engagement metrics are achievedCollaborates with Business Development team and other strategic parties to drive sales tax compliance service offeringsTax ConsultingHandles all inquiries from federal and state agencies regarding all tax issues and questionsDrafts responses to examiner questions and challengesMonitors implementations of work plans for tax consulting projectsProvides recommended solutions by combining tax knowledge and knowledge of business / industryTax ControversyRepresents clients before any tax authority on contested issuesResponds to all questions from federal or state agencies Tax SpecializationActs as industry expert in SALTIdentifies cross-selling opportunities with other tax specializationsManages SALT services provided to assigned clientsDevelops tools and/or improvements allowing for enhance the efficiency or services of the SALT practiceAccounting for Income Taxes – SFAS109Prepares tax accrual workpapersASC740-10Understands and applies industry standards, along with firm policies and BDO Tax Quality Manual requirements as they relate to FAS 109 and FIN48Recognizes, measures and documents financial benefits to clients Strategy DevelopmentDevelops new or improved ideas to advance the position of clients, the firm or firm personnel through reduction in taxes or  expenses or offering of non-tax benefitsParticipates in relevant industry groups Leads marketing campaigns and external SALT initiativesOther duties as requiredSupervisory Responsibilities:Supervises the day-to-day workload of STS SALT Senior Managers, Managers and Staff on assigned engagements, and reviews work product Ensures STS SALT Senior Managers, Managers and Staff are trained on all relevant tax softwareEvaluates the performance of STS SALT Senior Managers, Managers and Staff, and assists in the development of goals and objectives to enhance professional developmentDelivers periodic performance feedback, and completes performance evaluations for STS SALT Senior Managers, Managers and StaffActs as Career Advisor to STS SALT Senior Managers, Managers and Staff, as appropriateQualifications, Knowledge, Skills and Abilities:Education:Bachelor’s degree in Accounting or other relevant field requiredMaster’s degree in Accounting, Taxation or other relevant field preferredJuris Doctorate preferredExperience:Ten (10) or more years of prior SALT experience required Prior experience supervising tax professionals on a project or engagement basis required Prior experience preparing and/or reviewing tax provisions high preferredPrior experience with corporate taxation, consolidations and partnerships preferredLicense/Certifications:CPA certification or other relevant certification preferredSoftware:Proficient in the use of Microsoft Office Suite, specifically Excel and Word preferredExposure to and familiarity with standard tax applications and research tools preferredLanguage:N/AOther Knowledge, Skills & Abilities:Excellent oral and written communication skillsSuperior analytical  and research skills Solid organizational skills, especially the ability to meet project deadlines with a focus on detailsAbility to successfully multi-task while working independently or within a group environmentAbility to work in a deadline-driven environment and handle multiple projects simultaneously Capable of effectively managing a team of tax professionals, and delegating work assignments, as neededCapacity to build and maintain strong relationships with internal and client personnel Ability to encourage team environment on engagements, and contribute to the professional development of assigned personnelExecutive presence and ability to act as primary contact on assigned engagementsAbility to successfully interact with professionals at all levelsAdvanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax servicesAdvanced knowledge of sources of relevant information utilized in tax filings Advanced knowledge and understanding of cause/effect for taxable conditions on clients and the potential tax issuesIndividual 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.Range:  $150,000 - $400,000Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world. At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team.  BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions. We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:Welcoming diverse perspectives and understanding the experience of our professionals and clientsEmpowering team members to explore their full potentialOur talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunitiesCelebrating ingenuity and innovation to transform our business and help our clients transform theirsFocus on resilience and sustainability to positively impact our people, clients, and communities*Benefits may be subject to eligibility requirements.Equal Opportunity Employer, including disability/vetsClick here to find out moreFull timePosting Date: 2024-03-20