Tax Managing Director, Private Client Services
About The Position
The Tax Managing Director in BDO’s Private Client Services (PCS) practice provides tax compliance and consulting services to high-net-worth individuals and their families, family offices, C-suite executives, athletes, entertainers, and others with complex tax and financial structures. PCS services include estate, income, gift, and trust tax consulting and compliance; charitable giving and philanthropic foundations; executive compensation; and cash-flow, retirement, and life insurance planning. This role leads tax and consulting engagements, provides senior-level client service, reviews complex tax returns, conducts advanced tax research, and advises clients on tax planning and compliance options. The Tax Managing Director is a critical member of the office or regional leadership team and contributes to practice operations, business development, recruiting, staff development, and performance management. The position supervises associates, senior associates, and managers as appropriate.
Requirements
- Bachelor’s degree required.
- At least 10 years of prior experience in accounting, finance, or law required.
- Expertise in private client services required.
- Prior supervisory experience required.
- CPA credential, IRS Enrolled Agent credential, attorney admitted to practice in a U.S. jurisdiction, or equivalent designation required.
- Proficiency with Microsoft Office, specifically Word, Excel, and PowerPoint, and Adobe Acrobat required.
- Demonstrated effective verbal and written communication, including the ability to synthesize complex ideas into clear, concise language.
- Ability to provide client status updates at the frequency requested and resolve client service issues in a timely and acceptable manner.
- Ability to develop an in-depth understanding of technical and practical issues and opportunities affecting high-net-worth individuals and their families.
- Expert knowledge of the application of standards.
- Ability to take responsibility for personal career and technical development and pursue learning experiences to address knowledge gaps.
- Ability to contribute to practice leadership matters, including recruitment, staff learning and development, scheduling, and retention.
- Ability to develop a network of financial decision makers, referral sources, and recruits, and to network professionally outside BDO.
Nice To Haves
- Bachelor’s degree major in Accounting, Finance, Economics, or Statistics.
- Master’s degree in Accountancy or Taxation.
- Experience working in public accounting.
- Other professional degrees or certifications applicable to the role.
- Experience with tax compliance process software such as GoSystems, BNA Tax Planner, GoFileRoom, or SurePrep.
- Experience with tax research tools such as BNA Portfolio, CCH IntelliConnect, Checkpoint, or Lexis Nexis.
Responsibilities
- Lead tax and consulting engagements and teach team members to identify and address client needs, tax planning, and consulting opportunities.
- Serve as the primary client contact, providing executive presence and presenting issues and resolutions to clients.
- Review complex individual, trust, estate, S-Corporation, foundation, partnership, and gift tax returns, and provide preparers with written and verbal feedback.
- Direct communication with government agencies on matters of the highest complexity.
- Identify technical issues, conduct advanced tax research, and develop recommendations for PCS leadership, clients, and advisors.
- Prioritize and review work to keep engagements on track.
- Use analytical, research, critical-thinking, and decision-making skills to assist with client needs concerning individual and business decisions.
- Contribute to PCS and firm responsibilities, including billing, recruiting, attendance, and participation in CPE activities and training.
- Build and maintain relationships with BDO professionals and external contacts.
- Develop and introduce ideas to improve outcomes for clients, the firm, or firm personnel.
- Present complex strategies to clients and prospective clients as needed.
- Advise clients on tax implications, recommend alternative courses of action, and identify different compliance methods.
- Manage and monitor business-line key performance indicators.
- Supervise associates, senior associates, and managers as appropriate; review their work and provide review comments.
- Act as a career advisor and provide verbal and written performance feedback to associates, senior associates, and managers.
- Schedule and manage the workload of associates, senior associates, and managers.
- Perform other duties as required.
Benefits
- BDO is an ESOP company; eligible participants have beneficial ownership and a stake in the firm’s success.
- Comprehensive compensation and Total Rewards benefits offerings, subject to eligibility requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Director
