Experienced Senior, Family Office Services

Job Summary :

The Tax Experienced Senior, Private Client & Family Office Services is responsible for performing and overseeing the full cycle general accounting function for small to mid-size organizations, utilizing research skills, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks.

In this role, the Tax Experienced Senior, Private Client & Family Office Services may be charged with supervising and reviewing the work of Private Client & Family Office Services Associates.

Job Duties :

• Reviews complete general ledger reconciliation including the entire balance sheet and applies accounting knowledge by properly recording transactions in a general ledger;
• creates accounting records such as bill payments, client invoices, payroll, and others; identifies and records adjustments;

produces accurate financial statements

• Comprehends common financial statements and prepares draft financial statements for review; understands how line items / accounts function (.
• capital accounts, various forms of liabilities, ; properly distinguishes debits from credits; calculates / interprets KPIs for clients;

identifies positive and constructive trends and raises them to BDO management

Conducts basic financial statement analysis and understands the finance and accounting functions generally performed by a business (.

sales, purchasing, A / R, and common best practices / processes for how they operate

• Prepares financial budgets and forecasts and communicates actual to budget variances
• Plans basic engagements to include on-boarding and client delivery phases and develops an understanding of engagement economics (.

billing and time entry) and adheres to PCS-FOS best practices

• Interacts with clients to gain information, documents data necessary to complete assigned tasks
• Identifies and organizes clients’ financial information; prepares common financial reports and other schedules as requested;

formats reports so they are easily read and understood by BDO management and clients

• Reviews client information for accuracy; uses deductive reasoning to identify anomalies or gaps and communicates significant client issues to supervisor
• Supports drafting proposals and other documents explaining proposed solutions to clients
• Articulates PCS-FOS’s value proposition and understands our target market / client profile
• Applies our processes, systems, technology, and resources to manage workflow and ensure proper documentation and workpapers
• Reviews work products and works collaboratively with both PCS-FOS and Business Service Center (BSC) team members
• Produces quality work and sets priorities according to internal and external deadlines and project priority; knows when to raise priority setting conflicts to management
• Listens for and communicates client problems and challenges to management that may be opportunities to grow the business and relationships with clients
• Prepares schedules to support the client’s audit preparation and tax compliance requirements
• Participates in advanced special projects, as required
• Travels up to 20% of the time
• Other duties as required

Tax Related Duties : Tax Compliance

Tax Compliance

• Ensures that (a) clients comply with all applicable authorities, while at the same time minimizing their tax and reporting burdens, and (b) self and client service teams comply with all Firm policies, standards, and the BDO Tax Quality Manual ( TQM )
• Manages projects by planning the tax process and the procedures to be performed with quality
• Answers preparer questions, and coordinates engagement from onset by communicating expectations and procedures with preparers
• Conducts detailed reviews on all returns and appropriate review notes for preparers; raises potential tax issues
• Meets internal deadlines to match the client expectations for timely delivery of service
• Manages projects by developing a budget; monitoring budget vs. actual; scheduling resources for project and identifying out-of-scope activity

Research

• Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
• Applies most Firm and professional standards for preparation of tax returns

Strategy Development

• Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, ., by reducing taxes or expenses or providing non-tax benefits
• Prepares studies of tax implications and offers clients alternative courses of action, as needed

Supervisory Responsibilities :

• Supervises and manages the day-to-day work assignments of PCS-FOS Associates and Paraprofessionals, as needed
• Provides verbal and written performance feedback to PCS-FOS Associates and Paraprofessionals, as necessary
• Acts as mentor to PCS-FOS Associates and Paraprofessionals

Qualifications, Knowledge, Skills and Abilities :

Education :

One of the following is required : Bachelor’s degree, focus in Accounting or Finance High School Diploma or equivalent and five (5) or more years performing general accounting transactions and functions with some consultative or business advisory experience

Experience :

• Four (4) or more years of experience performing general accounting transactions and functions, required
• Consultative or business advisory experience, preferred
• Prior basic supervisory experience, preferred

License / Certifications :

• Currently enrolled in CPA certification, preferred
• CPA Certification, preferred

Software :

• Proficient in the use of the Microsoft Office Suite, specifically Excel and Word, required
• Experience utilizing industry standard accounting software, required
• Experience utilizing BSO (BDODrive) platform software such as Intuit’s QuickBooks Online (QBO), Microsoft NAV and , CaseWare, BNA Depreciation Software, preferred
• SEI Archway and Qvinchi, preferred

Other Knowledge, Skills & Abilities :

• Excellent verbal and written communication skills
• Strong analytical and basic research skills
• Solid organizational skills especially the ability to meet project deadlines with a focus on details
• Ability to successfully multi-task while working independently or within a group environment
• Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
• Ability to interact effectively with people at all organizational levels of the firm
• Ability to understand complex broker / private equity statements and properly record and review investment activity
• Knowledgeable of finance and accounting functions, technology for supporting these functions, and 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
• Understands and explains tax planning considerations / concepts for various business entities; comprehends the information presented on different tax return forms
• Recognizes opportunities for innovation, including improvements for handling day-to-day matters and developing an understanding of process improvements
• Ability to learn new technology quickly
• Capability to effectively guide a team of professionals and delegating work assignments as needed
• Ability to travel up to 20% of the time

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.

National Range : $60,000 - $110,000

NYC / Long Island / Westchester Range : $60,000 - $110,000

Colorado Range : $75,000 - $100,000