OPERATING PARTNERSHIP TAX MANAGER
Company: BDO USA, LLP
Location: Los Angeles
Posted on: October 19, 2024
Job Description:
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:
- 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 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.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: $110,000 - $150,000
Is your CV ready If so, and you are confident this is the role for
you, make sure to apply asap.
Colorado Range: $95,000 - $130,000
Washington Range: $95,000 - $125,000
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Keywords: BDO USA, LLP, Oxnard , OPERATING PARTNERSHIP TAX MANAGER, Executive , Los Angeles, California
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