Job Summary:
The Partnership Manager, Tax is responsible for providing tax and consulting services to our Pass-Through clients.
Job Duties:
Performs tax planning, preparation and research for Pass-Through business, manages client engagements, supervises and reviews work of team staff members, works closely with clients as well as internal managers and partners
Performs write-up of books and records for the business as well as composes written tax advice or responses to IRS inquiries
Contributes to client satisfaction by providing timely services and work product
Demonstrates an understanding of tax concepts and actively pursues increased tax knowledge through client assignments and current tax developments
Tax Compliance
Ensures both 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")
Conducts top level review of T/R and resolves all tax issues with client; involves specialists where appropriate
Communicates any issues identified in tax accrual reviews with client and Assurance
Plans and reviews the tax process and the procedures to be performed to include:
Budgeting and staffing
Monitoring engagement process and actual time incurred vs. budget with assistance of Senior
Timely billing including management of identified out-of-scope activity and communication to client
Timely collection of A/R
Manages client relationships/expectations in accordance with the project
Provides advice to clients in a timely manner
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 written tax advice and tax returns
Involves firm specialists where appropriate
Strategy Development
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
Reviews studies of tax implications and offers clients alternative courses of action
Identifies and leverages lessons learned on prior projects, and offers input on how to improve processes and methods
Other duties as required
Supervisory Responsibilities:
Responsible for building a team of professionals by training and working together to serve our high net worth clients with timely responses to their needs
Supervises associates and senior associates on all projects
Reviews work prepared by associates and senior associates and provides review comments
Trains Associates and Seniors how to use all current software tools
Acts as a Career Advisor to associates and senior associates
Schedules and manages workload of associates and senior associates
Provides verbal and written performance feedback to associates and senior associates
Qualifications, Knowledge, Skills and Abilities:
Education:
Bachelors degree in Accounting or other relevant field, required
Masters degree in Taxation, preferred
Experience:
Five (5) plus years of public accounting experience working in the private client area, i.e. working on individual, estate, partnership, S-corporation, trust, and private foundation tax/consulting clients, required
License/Certifications:
CPA certification, required
Software:
Proficient in Microsoft Office Suite
Language:
N/A
Other Knowledge, Skills & Abilities:
Detailed oriented
Excellent written and verbal communication skills
Ability to work independently and in a team environment
Ability to effectively delegate work as needed
Strong analytical, research and critical thinking skills as well as decision-making skills
Capable of developing and managing a team of tax professionals
Capable of effectively developing and maintaining client relationships
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients
Advanced knowledge and experience with subchapter K of the Internal Revenue Code of 1986 as amended
Working knowledge of and experience working with Targeted Capital Account Agreements
704(b) Capital & Tax Capital account maintenance
704(c) allocations
Knowledge of optional basis adjustments under sections 734 & 743
Knowledge of section 752 liability allocations
All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.
