BDO USA
Tax Managing Director, Private Client Services
BDO USA, Richmond, Virginia, United States, 23214
Tax Managing Director, Private Client Services
Private Client Services at BDO is a boutique practice offering a high‑touch approach to 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
Lead tax and consulting engagements and teach the team the skills needed to identify and address client needs, tax planning, and consulting opportunities.
Provide executive presence and act as the primary client contact for preparation and presentation of issues and resolution to clients.
Review complex individual, trust, estate, S‑Corp, foundation, partnership, and gift tax returns and provide written and verbal feedback to preparers.
Direct communication with government agencies for matters of the highest complexity.
Identify technical issues, conduct advanced tax research, and develop sound recommendations for PCS leadership, clients, and advisors.
Expand in‑depth understanding of tax concepts and knowledge through client engagements and current tax developments.
Prioritize and review work to keep engagements on track.
Utilize strong analytical, research and critical thinking skills as well as decision‑making skills to assist with client needs regarding individual and business decisions.
Assist with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and training.
Build new relationships and maintain existing relationships with BDO professionals and external sources.
Supervisory Responsibilities
Supervise associates, senior associates, and managers as the situation dictates.
Review work prepared by associates and senior associates and provide review comments.
Act as a career advisor to associates, senior associates, and managers.
Schedule and manage workload of associates, senior associates, and managers.
Provide verbal and written performance feedback to associates, senior associates, and managers.
Education
Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
Master’s degree in Accountancy or Taxation, preferred.
Qualifications, Knowledge, Skills, and Abilities
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.
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 (KPIs) 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
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, and 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
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 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.
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.
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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
Lead tax and consulting engagements and teach the team the skills needed to identify and address client needs, tax planning, and consulting opportunities.
Provide executive presence and act as the primary client contact for preparation and presentation of issues and resolution to clients.
Review complex individual, trust, estate, S‑Corp, foundation, partnership, and gift tax returns and provide written and verbal feedback to preparers.
Direct communication with government agencies for matters of the highest complexity.
Identify technical issues, conduct advanced tax research, and develop sound recommendations for PCS leadership, clients, and advisors.
Expand in‑depth understanding of tax concepts and knowledge through client engagements and current tax developments.
Prioritize and review work to keep engagements on track.
Utilize strong analytical, research and critical thinking skills as well as decision‑making skills to assist with client needs regarding individual and business decisions.
Assist with PCS/firm contribution responsibilities including billing, recruiting, attendance, and participation in CPE activities and training.
Build new relationships and maintain existing relationships with BDO professionals and external sources.
Supervisory Responsibilities
Supervise associates, senior associates, and managers as the situation dictates.
Review work prepared by associates and senior associates and provide review comments.
Act as a career advisor to associates, senior associates, and managers.
Schedule and manage workload of associates, senior associates, and managers.
Provide verbal and written performance feedback to associates, senior associates, and managers.
Education
Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred.
Master’s degree in Accountancy or Taxation, preferred.
Qualifications, Knowledge, Skills, and Abilities
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.
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 (KPIs) 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
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, and 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
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 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.
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.
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