Tax Senior Manager, Pass-through Entities

Overview

The Senior Tax Manager provides tax and consulting services to business clients with pass-through entities and to their business owners.

Responsibilities

• Perform tax planning, preparation, and research for pass-through entities (S-corps, LLCs, Partnerships) and business owners’ individual returns, including estates, trusts, and charitable entities.
• Manage client engagements, supervise and review work of team staff, and partner closely with clients and internal managers and partners.
• Support client satisfaction through timely services and high-quality work product.
• Demonstrate strong understanding of tax concepts and pursue increased tax knowledge through client assignments and current tax developments.
• Ensure clients comply with all applicable authorities while minimizing tax and reporting burdens, and ensure self and client service teams comply with firm policies, standards, and the BDO Tax Quality Manual (TQM).
• Apply significant knowledge of taxation related to personal income, estate and gift tax, wealth retention strategies, and taxation of entities owned by business owners (partnership and corporate taxation).
• Conduct top-level review of tax returns (T/R) and resolve tax issues with clients; involve specialists when appropriate.
• Plan and review the tax process and procedures, including:
  • Budgeting and staffing
  • Monitoring engagement process and actual time incurred versus budget with assistance of Senior team members
  • Timely billing, including management of identified out-of-scope activity and communication to the client
  • Timely collection of accounts receivable (A/R)
  • Managing client relationships and expectations in accordance with the project
  • Providing advice to clients in a timely manner
• Research:
  • Identify when research is needed, perform research, frame issues clearly, and report analysis clearly and concisely
  • Apply applicable firm and professional standards for preparation of WTA and tax returns
  • Involve firm specialists as appropriate
• Strategy development:
  • Introduce and develop new or improved ideas to improve clients’ positions, the firm, or firm personnel (e.g., reducing taxes or expenses or providing non-tax benefits)
  • Review studies of tax implications and offer clients alternative courses of action
  • Identify and leverage lessons learned from prior projects, and provide input to improve processes and methods
• Perform other duties as required.

Supervisory Responsibilities

• Build a team of professionals by training and collaborating to serve high net worth clients with timely responses to their needs.
• Supervise associates and senior associates on all projects.
• Review work prepared by associates and senior associates and provide review comments.
• Train associates and seniors to use current software tools.
• Act as a career advisor to associates and senior associates.
• Schedule and manage workload of associates and senior associates.
• Provide verbal and written performance feedback.

Education

• Bachelor’s degree (required); major in Accounting, Finance, Economics, or Statistics (preferred).
• Master’s degree in Accounting or Taxation (preferred).

Requirements

• Eight (8) or more years of prior relevant tax experience and/or public accounting, private industry accounting, or consulting/professional services experience (required).
• Specifically, experience working on individual, estate, trust, partnership, S-corporation, and private foundation tax/consulting clients.
• Prior supervisory experience (required).

License/Certifications

• CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent (“EA”) (or the equivalent of one of these designations) (required).
• Other professional degrees or certifications applicable to the role (preferred).

Preferred Qualifications

• Proficiency in Microsoft Office Suite (preferred).

Skills & Abilities

• Detail 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, critical thinking, and decision-making skills.
• Ability to develop and manage a team of tax professionals.
• Ability to develop and maintain client relationships.
• Executive presence; able to act as the primary client contact for preparation and presentation of issues and resolutions to clients.

Compensation & Benefits

Individual salaries are determined after consideration of numerous factors including (but not limited to) the candidate’s qualifications, experience, skills, and geography.

Salary ranges by location:

• California: $146,000 - $200,000
• Colorado: $120,000 - $185,000
• Illinois: $140,000 - $190,000
• Maryland: $150,000 - $180,000
• Massachusetts: $150,000 - $206,000
• Minnesota: $130,000 - $190,000
• New Jersey: $155,000 - $200,000
• Ohio: $125,000 - $200,000
• NYC/Long Island/Westchester: $180,000 - $225,000
• Washington: $150,000 - $200,000
• Washington DC: $162,000 - $190,000

Benefits may be subject to eligibility requirements.

Location

Compensation ranges listed by location are available for: California, Colorado, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, Ohio, NYC/Long Island/Westchester, Washington, and Washington DC.