Tax Senior Manager, Private Client & Family Office Services

BDO USA•Denver, CO

2d•$120,000 - $225,000•Hybrid

About The Position

The Tax Senior Manager, Private Client & Family Office Services (PCS-FOS) acts as a leader within the PCS-FOS group, tasked with assisting in building a robust PCS-FOS practice. This role is responsible for providing exceptional client service, supervising the work of other professionals, developing new business, mentoring team members, and managing the PCS-FOS practice by mitigating risk and managing the financial performance of their client portfolio. The Senior Manager will apply knowledge to understand potential tax issues, communicate risks and policy changes, and make decisions regarding filing, preparation, and resolution of questions from federal/state agencies.

Requirements

Bachelor’s degree, focus in Accounting or Finance, preferred AND eight (8) or more years of experience performing general accounting transactions and functions, required; OR High School Diploma and ten (10) or more years performing general accounting transactions and functions with some supervisory and consultative or business advisory experience without a degree, required.
Four (4) or more years of supervisory experience, required.
Consultative or business advisory experience, required.
Proficient in the use of the Microsoft Office Suite, specifically Excel, Word, and PowerPoint, required.
Excellent verbal and written communication skills.
Has an in-depth knowledge and understanding of finance and accounting functions, technology for supporting these functions and how tax planning can differ by industry and business structure; knows what is required from a compliance perspective and what is considered a standard or best practice for the industry or business structure.
Takes personal accountability for work products and accepts constructive feedback to guide future actions.
Fully understands the finance and accounting functions generally performed by a business (e.g. sales, purchasing, A/R, etc.) and common best practices/processes for how they operate, as well as how they interact; understands other business imperatives/functions (e.g. data security, internal controls, etc.) and how they can affect the finance and accounting functions; uses this knowledge to analyze the current structure of a client and identify what services identify what services or processes may be inefficient or missing and where we can add value, as well as advise on best practices for their overall financial ecosystem.
Presents well in one-on-one, small group, and large group settings; presents well to all levels of management, internally and with clients; projects confidence and expertise; communicates in a clear and concise manner that emphasizes key points; persuades others to their points of view; self-aware – knows when an approach is not working and can change course immediately.
Strong analytical and research skills.
GAAP and TAX knowledge, financial statement presentation, and report writing.
Strong organizational skills especially the ability to meet project deadlines with a focus on details.
Proven ability to lead a team in a deadline-driven environment and handle multiple projects simultaneously, while focusing on quality, customer satisfaction and service delivery.
Direct and prioritize the team to successfully execute multiple tasks.
Ability to act as the primary contact and provide an executive presence on engagements.
Capable of effectively managing a team of professionals and contribute to the professional development of assigned personnel.
Interacts effectively with people at all organizational levels of the firm, including the Business Development team; demonstrates the capability to build and maintain strong relationships with internal and client personnel.
Ability to travel up to 25% of the time.

Nice To Haves

MBA or other relevant advanced degree (Masters in Accountancy), preferred.
Experience working with outsourced and/or delivery center operations, preferred.
CPA certification, preferred.
Experience utilizing industry standard accounting software and BDODrive platform software such as Intuit’s QuickBooks Online (QBO), Microsoft NAV and Bill.com, preferred.
Prior experience utilizing industry recognized accounting research tools, preferred.
SEI Archway and Qvinchi, preferred.

Responsibilities

Manages the full-life cycle of all assigned engagements by providing technical expertise in all areas within the finance and accounting function.
Understands the technology packages clients are using to support their accounting/finance functions, describes major functions, knows how systems perform functions, explains purpose and value of system functions, identifies inefficient usage, learns new technology quickly, and applies these technologies to engagements.
Facilitates effective discovery meetings with clients, uses open-ended questions to identify objectives, valued financial information, and maps current internal finance and accounting structure.
Designs integrated solutions that respond to specific situations, is open to new ideas, avoids locking into a single solution, and identifies when services outside of PCS-FOS should be included.
Accurately determines the cost of building a client solution and calculates the benefit to a client in dollar terms.
Formulates recommendations to client leadership on technical accounting issues, financial accounting policies and procedures, and financial management issues.
Educates clients on how their finance and accounting needs will evolve as their business grows.
Assists clients in identifying next steps and persuades the client to value unperceived needs.
Identifies critical needs versus non-critical needs and looks at the client's business holistically.
Periodically reviews solutions with clients to determine if it is still the right solution for the current state of the business.
Develops a compelling future vision for a client and communicates in a way that inspires clients to pursue that future.
Assertively manages conflict and uses negotiation techniques to drive difficult agreements.
Supports the client through business changes and helps facilitate the change management process.
Acts as a partner to clients, as part of their team.
Diagnoses the relationships and political structure of clients and appropriately navigates these complexities.
Quickly and accurately assesses people’s perspectives.
Gathers and/or reviews information necessary from the client to execute on engagements; creates, develops, and maintains strong business relationships with clients, both internal and external.
Understands tax planning considerations/concepts for various business entities; comprehends information on tax return forms, analyzes this information, and has intelligent conversations with clients.
Appropriately refers tax-related matters to Core Tax and Specialty Tax Services.
Supports PCS-FOS Leadership with business development strategies and service offerings targeted for various industries.
Initiates building sales pipeline and closes new business.
Ensures prospect and sales information is entered into CRM as appropriate.
Refines designed solutions and work plans into a compelling proposal document.
Evaluates clients for acceptance and develops statements of work.
Develops a strong understanding of various industry groups and builds relationships with business development resources.
Actively participates in industry trade groups and networking events.
Identifies new opportunities to cross-sell to existing clients.
Explains Advisory service offerings, as well as the broader firm, to a client, prospect, or contact.
Gains an understanding of the BDO Alliance and BRN Network firms.
Fosters a culture that embraces change and accountability.
Ensures PCS-FOS Managers and Staff are trained to understand and perform analytics and forecasting.
Provides training on all relevant software, processes, and resources.
Acts as Career Advisor to PCS-FOS Managers and Staff.
Evaluates the performance of PCS-FOS Managers and Staff, and assists in developing goals and objectives for professional development.
Drives recruiting efforts at all levels and assists with the on-boarding process.
Serves as a resource for the team.
Creates a work plan following best practices of project management.
Bills engagements in a timely and effective manner.
Contributes to economic management matters such as forecasting and monitoring/managing to key metrics.
Aware of how their practice P&L is structured and can interpret common firm metrics.
Accurately scopes a new project and constructs a fee estimate/budget.
Identifies resource requirements and developing transition plan and estimates.
Oversees client satisfaction with quality of work products, assigned staff, and engagement performance.
Reviews engagement economics for multiple clients to ensure continuous improvement.
Travels 25% of the time.
Other duties as required.
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.
Trains managers / staff on research skills and helps to appropriately frame tax issues for analysis.
Involves firm specialists, as appropriate.
Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel.
Researches and implements tax strategies, including experimentation with promising new strategies and ideas.
Consistently makes suggestions as to how previous work products or approaches can be improved.
May lead marketing campaigns, if applicable to role.
Presents complex strategies to clients and prospective clients.
Supervises associates, senior associates and managers on all projects.
Reviews work prepared by associates, senior associates and managers and provides review comments.
Trains associates, senior associates and managers how to use all current software tools.
Acts as a Career Advisor to associates, senior associates and managers.
Schedules and manages workload of associates, senior associates and managers.
Provides verbal and written performance feedback to associates, senior associates and managers.