Tax Managing Director, Private Client Services

Job Summary:Private Client Services at BDO is a boutique practice within our firm.

The information below covers the role requirements, expected candidate experience, and accompanying qualifications.

Offering a high touch approach, we have extensive experience serving high net-worth individuals, their families, family offices, C-Suite executives, athletes, entertainers, as well as other people with complicated tax and financial structures.

The Private Client Services Practice is experienced in all aspects of estate, income, gift, and trust tax consulting and compliance; charitable giving and philanthropic foundations; executive compensation; and cash-flow, retirement, and life insurance planning.Job Description:A Private Client Services (PCS) Tax Managing Director is responsible for utilizing their educational background and professional experience as well as their communication, time management, leadership, technical, business development, and people skills to provide tax compliance and consulting services to our high net-worth clients.

They are a critical member of the office/region leadership team.Leads tax and consulting engagements and teaches their team the skills needed to identify and address client needs, tax planning, and consulting opportunitiesProvides Executive presence and acts as the primary client contact for preparation and presentation of issues and resolution to clientsReviews complex individual, trust, estate, S-Corp, foundation, partnership, and gift tax returns and provides written and verbal feedback to preparersDirects communication with government agencies for matters of the highest complexityIdentifies technical issues, conducts advanced tax research, and develops sound recommendations for PCS leadership, clients, and advisorsExpands their in-depth understanding of tax concepts and knowledge through client engagements and current tax developmentsPrioritizes and reviews work to keep engagements on trackUtilizes strong analytical, research and critical thinking skills as well as decision-making skills to assist with client needs regarding individual and business decisionsAssists with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and trainingBuilds new relationships and maintains existing relationships with BDO professionals and external sourcesSupervisory Responsibilities:Ability to supervise associates, senior associates and managers, as the situation dictatesReviews work prepared by associates and senior associates and provide review commentsActs as a Career Advisor to associates, senior associates and managersSchedules and manages workload of associates, senior associates, and managersProvides verbal and written performance feedback to associates, senior associates and managersQualifications, Knowledge, Skills, and Abilities:Education:Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferredMaster’s degree in Accountancy or Taxation, preferred    Experience:Ten (10) or more years prior experience in accounting, finance, or law, requiredExpertise in the private client service area, requiredPrior supervisory experience, requiredExperience working in public accounting, preferredLicense/Certifications: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, requiredPossession of other professional degrees or certifications applicable to role, preferredSoftware: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), preferredExperience with tax research tools (BNA Portfolio, CCH IntelliConnect, Checkpoint and Lexis Nexis), preferredLanguage:N/AOther Knowledge, Skills & Abilities:InitiativeOwns their own career and technical development; demonstrates self-awareness, actively pursues projects and learning experiences to fill in their technical knowledge gapsTakes joint responsibility for the success of the practiceCommunicationExpresses themselves effectively verbally and in writing; takes complex thoughts, synthesizes them into works using clear, concise language, and presents a cohesive narrativeCommunicates status to the client in line with the frequencies the client desires; Resolves client service issues in a timely and acceptable mannerLeadershipManages and monitors key performance indicators (KPI’s) as established by the business lineInternally, behaves as part of the practice leadership group and is actively involved in practice matters such as recruitment, staff learning and development, scheduling, and retentionTechnical SkillsDevelops 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; Use expertise to advise clients on tax implications and recommend alternative courses of action and identify different methods of complianceIntroduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits; May be required to present complex strategies to clients and prospective clientsBusiness DevelopmentSpends time developing their network of key financial decision makers, referral sources, and recruitsSeizes opportunities for new professional contacts when presented; Actively networks professionally outside of BDOPeople DevelopmentSupervises, develops and trains employeesActs as a Career Advisor; meets regularly with advisees, adding/updating goals as appropriateDelivers holistic feedback to others and advisees about their job performance and career growth; coaches others and advisees to help them develop their careersIndividual 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.California Range: $200,000
- $325,000  New York City/ Valhalla Range: $200,000
- $245,000 Washington Range: $115,000
- $300,000  Join 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: 2024-04-22