Tax Managing Director, Private Client Services

BDO USA•New York, NY

2d•$150,000 - $350,000

About The Position

Private Client Services (PCS) at BDO is a boutique practice serving high-net-worth individuals, their families, family offices, C-suite executives, athletes, entertainers, and others with complex tax and financial structures. The practice provides services involving estate, income, gift, and trust tax consulting and compliance; charitable giving and philanthropic foundations; executive compensation; and cash-flow, retirement, and life-insurance planning. The Tax Managing Director uses their education, professional experience, and communication, leadership, technical, business-development, and people skills to provide tax compliance and consulting services to high-net-worth clients. This role is a critical member of the office or regional leadership team and leads complex engagements, client relationships, technical work, and team development. The position also contributes to practice operations, business development, and leadership.

Requirements

Bachelor’s degree required.
Ten or more 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 Suite, specifically Word, Excel, and PowerPoint, and Adobe Acrobat required.
Demonstrated ability to communicate effectively verbally and in writing, synthesize complex ideas clearly, and present a cohesive narrative.
Ability to communicate client status at the frequency clients desire and resolve client service issues in a timely and acceptable manner.
Ability to develop an in-depth understanding of technical and practical issues affecting high-net-worth individuals and their families.
Expert knowledge of the application of standards and recognition as an industry expert in a specialized field of taxation.
Ability to participate in practice leadership matters, including recruitment, staff learning and development, scheduling, and retention.
Ability to develop professional networks of financial decision-makers, referral sources, and recruits, including networking outside the firm.

Nice To Haves

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 LexisNexis.

Responsibilities

Lead tax and consulting engagements and teach team members to identify and address client needs, tax-planning matters, and consulting opportunities.
Serve as the primary client contact, demonstrating executive presence and presenting issues and resolutions to clients.
Review complex individual, trust, estate, S-corporation, foundation, partnership, and gift tax returns; provide written and verbal feedback to preparers.
Direct communications 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.
Keep tax knowledge current through client engagements and awareness of tax developments.
Prioritize and review work to keep engagements on track.
Use analytical, research, critical-thinking, and decision-making skills to assist clients with individual and business decisions.
Contribute to PCS and firm responsibilities, including billing, recruiting, attendance, continuing professional education, and training.
Build and maintain relationships with BDO professionals and external contacts.
Develop or introduce ideas that improve outcomes for clients, the firm, or firm personnel.
Present complex strategies to clients and prospective clients when required.
Advise clients on tax implications, recommend alternative courses of action, and identify methods of compliance.
Manage and monitor business-line key performance indicators.
Supervise associates, senior associates, and managers as appropriate; review work and provide review comments.
Act as a career advisor and manage the workload and schedules of associates, senior associates, and managers.
Provide verbal and written performance feedback to associates, senior associates, and managers.
Perform other duties as required.