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.
Job Description :
A Private Client Services (PCS) Tax Managing Director 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.
- 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 .
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
- 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, .
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.
California Range : $200,000 - $325,000
New York City / Valhalla Range : $200,000 - $245,000
Washington Range : $115,000 - $300,000
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