Tax Managing Director, Private Client Services

San Antonio, TX, United States

Tax Managing Director, Private Client Services Job Description Job Summary:

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

A Tax Managing Director, Private Client Services (PCS) 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.

Job Description:

Leads tax and consulting engagements and teaches their team the skills needed to identify and address client needs, tax planning, and consulting opportunities

Provides Executive presence and acts as the primary client contact for preparation and presentation of issues and resolution to clients

Reviews complex individual, trust, estate, S-Corp, foundation, partnership, and gift tax returns and provides written and verbal feedback to preparers

Directs communication with government agencies for matters of the highest complexity

Identifies technical issues, conducts advanced tax research, and develops sound recommendations for PCS leadership, clients, and advisors

Expands their in-depth understanding of tax concepts and knowledge through client engagements and current tax developments

Prioritizes and reviews work to keep engagements on track

Utilizes strong analytical, research and critical thinking skills as well as decision-making skills to assist with client needs regarding individual and business decisions

Assists with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and training

Builds new relationships and maintains existing relationships with BDO professionals and external sources

Supervisory Responsibilities:

Ability to supervise associates, senior associates and managers, as the situation dictates

Reviews work prepared by associates and senior associates and provide review comments

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

Qualifications, Knowledge, Skills, and Abilities:

Education:

Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred

Master’s degree in Accountancy or Taxation, preferred

Experience:

Ten (10) or more years prior experience in accounting, finance, or law, required

Expertise in the private client service area, required

Prior supervisory experience, required

Experience working in public accounting, preferred

License/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, required

Possession of other professional degrees or certifications applicable to role, preferred

Software:

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), preferred

Experience with tax research tools (BNA Portfolio, CCH IntelliConnect, Checkpoint and Lexis Nexis), preferred

Language:

N/A

Other Knowledge, Skills & Abilities:

Initiative Owns their own career and technical development; demonstrates self-awareness, actively pursues projects and learning experiences to fill in their technical knowledge gaps

Takes joint responsibility for the success of the practice

Communication Expresses themselves effectively verbally and in writing; takes complex thoughts, synthesizes them into works using clear, concise language, and presents a cohesive narrative

Communicates status to the client in line with the frequencies the client desires; Resolves client service issues in a timely and acceptable manner

Leadership Manages and monitors key performance indicators (KPI’s) as established by the business line

Internally, behaves as part of the practice leadership group and is actively involved in practice matters such as recruitment, staff learning and development, scheduling, and retention

Technical Skills Develops 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 compliance

Introduces 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 clients

Business Development Spends time developing their network of key financial decision makers, referral sources, and recruits

Seizes opportunities for new professional contacts when presented; Actively networks professionally outside of BDO

People Development Supervises, develops and trains employees

Acts as a Career Advisor; meets regularly with advisees, adding/updating goals as appropriate

Delivers holistic feedback to others and advisees about their job performance and career growth; coaches others and advisees to help them develop their careers

Individual 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.

About Us 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 clients

Empowering team members to explore their full potential

Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities

Celebrating ingenuity and innovation to transform our business and help our clients transform theirs

Focus on resilience and sustainability to positively impact our people, clients, and communities

*Benefits may be subject to eligibility requirements.

Locations 10999 IH-10W, San Antonio, TX, 78230, US

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