Tax Manager, Specialized Tax Partnerships

BDO USA•Chicago, IL

8d•$79,800 - $168,000

About The Position

Job Summary: As a Tax Manager, Partnerships, you will be responsible for advising clients on the tax implications of their business objectives and various partnership specific items including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Manager, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The Tax Manager, Partnerships is key to the leadership team of the STS Partnership Practice and actively participates in the development of the group. In addition, the Tax Manager, Partnerships is an active participant in process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members. Job Duties: Tax Specialization: Maintains and develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation Research: Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis Identifies complex issues to be researched by engagement team and provides research methodology for efficient research process Trains associates and senior associates on research skills and helps to appropriately frame tax issues for analysis Involves firm specialists, as appropriate Tax Consulting: Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes Applies the combination of tax knowledge and knowledge of business/industry to recommend solutions Maximizes client benefits, especially by decreasing client taxes, while managing risk implements applicable Firm strategies manages client expectations Tax Specialization: Develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation May be required to participate in organizing and conducting, effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year Trains and mentors’ associates, senior associates, and managers Other duties as required Supervisory Responsibilities: Supervises associates and senior associates on all projects Reviews work prepared by associates and senior associates and provides review comments Trains associates and senior associates on how to use all current software tools Acts as a career advisor to associates and senior associates Schedules and manages workload of associates and senior associates Provides verbal and written performance feedback to associates and senior associates

Requirements

Bachelor’s degree, required; major in Accounting, Finance, Economics or Statistics, preferred
Five (5) or more years of prior relevant tax experience and/or public accounting, private industry accounting or consulting/professional services experience, required
Specialized partnership experience, required
CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent (“EA”) (or the equivalent of one of these designations), preferred
Proficient with the Microsoft Office Suite, preferred
Superior verbal and written communication skills
Ability to effectively delegate work as needed
Strong analytical, research and critical thinking skills as well as decision-making skills
Ability to work well in a team environment
Ability to develop and manage a team of tax professionals
Ability to effectively develop and maintain client relationships
Solid organizational skills, especially ability to meet project deadlines with a focus on details
Ability to successfully multi-task while working independently and within a group environment
Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
Ability to build and maintain strong relationships with firm and client personnel and the ability to successfully interact with professionals at all levels
Ability to cultivate a positive team environment on engagements and contribute to the professional development of team personnel
Executive presence and ability to act as primary contact on assigned engagements

Nice To Haves

Master’s in Accountancy or Taxation, preferred
Prior supervisory experience, preferred
Private equity experience, both fund and portfolio company levels, preferred
Possession of other professional degrees or certifications applicable to role, preferred
Experience with tax research databases and tax compliance process software, preferred

Responsibilities

Advising clients on the tax implications of their business objectives
Understanding potential partnership taxation issues
Assisting in the preparation of partnership specific computations
Participating in the development of the group
Participating in process improvement and team-building initiatives
Maintaining client relationships
Acting as a source of guidance to other team members
Maintaining and developing an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
Identifying when research is needed
Framing issues to be researched
Reporting the analysis
Identifying complex issues to be researched by engagement team
Providing research methodology for efficient research process
Training associates and senior associates on research skills
Helping to appropriately frame tax issues for analysis
Involving firm specialists, as appropriate
Assisting with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes
Applying the combination of tax knowledge and knowledge of business/industry to recommend solutions
Maximizing client benefits, especially by decreasing client taxes, while managing risk implements applicable Firm strategies manages client expectations
Participating in organizing and conducting, effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
Training and mentors’ associates, senior associates, and managers
Supervising associates and senior associates on all projects
Reviewing work prepared by associates and senior associates and provides review comments
Training associates and senior associates on how to use all current software tools
Acting as a career advisor to associates and senior associates
Scheduling and managing workload of associates and senior associates
Providing verbal and written performance feedback to associates and senior associates