BDO USA
Tax Managing Director, Private Client Services
BDO USA, Richmond, Virginia, United States, 23214
Tax Managing Director, Private Client Services
Join to apply for the
Tax Managing Director, Private Client Services
role at
BDO USA .
The Private Client Services at BDO is a boutique practice within our firm.
We offer a high‑touch approach and have extensive experience serving high‑net‑worth individuals, their families, family offices, C‑Suite executives, athletes, entertainers, and other people with complicated tax and financial structures.
The 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 Summary 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.
Responsibilities
Leads tax and consulting engagements and teaches the 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 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 provides 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.
Education and Qualifications
Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
Master’s degree in Accountancy or Taxation, preferred.
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.
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.
Proficient in Microsoft Office Suite (Word, Excel, 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, Lexis Nexis) preferred.
Languages: N/A.
Other Knowledge, Skills & Abilities
Initiative
Owns own career and technical development; demonstrates self‑awareness, actively pursues projects and learning experiences to fill in technical knowledge gaps.
Takes joint responsibility for the success of the practice.
Communication
Expresses effectively verbally and in writing; takes complex thoughts, synthesizes them into 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 (KPIs) as established by the business line.
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; uses 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.
Salary Ranges
California: $215,000 – $270,000
Colorado: $170,000 – $225,000
Illinois: $175,000 – $250,000
Maryland: $185,000 – $260,000
Massachusetts: $215,000 – $300,000
Minnesota: $170,000 – $250,000
New Jersey: $190,000 – $350,000
NYC/Long Island/Westchester: $230,000 – $350,000
Washington: $180,000 – $240,000
Washington DC: $190,000 – $300,000
About Us Join 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.
BDO is proud to be an ESOP company and recipients of the BDO Total Rewards benefits.
Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
BDO USA, P.A. is an EO employer M/F/Veteran/Disability.
#J-18808-Ljbffr
Tax Managing Director, Private Client Services
role at
BDO USA .
The Private Client Services at BDO is a boutique practice within our firm.
We offer a high‑touch approach and have extensive experience serving high‑net‑worth individuals, their families, family offices, C‑Suite executives, athletes, entertainers, and other people with complicated tax and financial structures.
The 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 Summary 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.
Responsibilities
Leads tax and consulting engagements and teaches the 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 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 provides 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.
Education and Qualifications
Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
Master’s degree in Accountancy or Taxation, preferred.
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.
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.
Proficient in Microsoft Office Suite (Word, Excel, 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, Lexis Nexis) preferred.
Languages: N/A.
Other Knowledge, Skills & Abilities
Initiative
Owns own career and technical development; demonstrates self‑awareness, actively pursues projects and learning experiences to fill in technical knowledge gaps.
Takes joint responsibility for the success of the practice.
Communication
Expresses effectively verbally and in writing; takes complex thoughts, synthesizes them into 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 (KPIs) as established by the business line.
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; uses 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.
Salary Ranges
California: $215,000 – $270,000
Colorado: $170,000 – $225,000
Illinois: $175,000 – $250,000
Maryland: $185,000 – $260,000
Massachusetts: $215,000 – $300,000
Minnesota: $170,000 – $250,000
New Jersey: $190,000 – $350,000
NYC/Long Island/Westchester: $230,000 – $350,000
Washington: $180,000 – $240,000
Washington DC: $190,000 – $300,000
About Us Join 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.
BDO is proud to be an ESOP company and recipients of the BDO Total Rewards benefits.
Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
BDO USA, P.A. is an EO employer M/F/Veteran/Disability.
#J-18808-Ljbffr