Experienced Senior Associate, Specialized Tax Service Partnerships

BDO USA, LLP

$80K — $110K *

repostReposted 2 months ago

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Less than 5 years of experience

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Job Description

Job Description

Job Summary:

BDO's Core Purpose is Helping People Thrive Every Day. Our Core Values reflect how we manage our work, our relationships and ourselves. As an employee of the firm, you will live true to our Core Values of people first, being exceptional every day in every way, embracing change, feeling empowered through knowledge, and choosing accountability. Our Core Values are the standards by which we conduct ourselves day in and day out, both internally and externally.
An Experienced Senior Associate in BDO's Specialized Tax Services (STS) Partnerships group, is responsible for utilizing basic research skills and applying their educational background to assist in advising clients on the tax implications of their business objectives and various partnership specific items including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role, the STS Partnerships Experienced Senior Associate will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The STS Experienced Senior Associate is a critical member of the STS Partnerships team and will be exposed to marketing and business development activities of the group. In addition, the STS Partnerships Experienced Senior Associate will be exposed to process improvement and team-building initiatives, maintaining client relationships, and will act as a source of guidance to staff.

Job Duties:

Tax Specialization
  • Develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
  • May be required to participate in organizing and conducting effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
  • Trains and mentors' interns and associates
  • Trains interns and associates on how to use all current software tools, as needed

Research
  • Assists in identifying when research is needed; works with leadership to concisely frame issues to be researched and clearly and concisely reports the analysis
  • Assists in identifying complex issues to be researched by engagement team and provides research methodology for efficient research process
  • May train interns and associates on research skills and help to appropriately frame tax issues for analysis
  • Involves firm specialists as appropriate

Tax Consulting
  • Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes
  • Applies the combination of tax knowledge and knowledge of business/industry to collaborate with leadership on recommending solutions
  • Works with leadership to maximize client benefits, especially by decreasing client taxes, while managing risk
  • Assists with the implementation of applicable Firm strategies
  • Assists in managing client expectations
  • Other duties as required

Supervisory Responsibilities:
  • Participates in scheduling and managing workload of interns and associates
  • May supervise day to day workload of interns on various projects
  • May review work prepared by interns and associates and provide review comments

Qualifications, Knowledge, Skills, and Abilities:

Education:
  • Bachelor's degree, required; major in Accounting, Finance, Economics or Statistics, preferred
  • Master's in Accountancy or Taxation, preferred

Experience:
  • Three (3) or more years of prior relevant tax experience and/or public accounting, private industry accounting or consulting/professional services experience, required
  • Specialized partnership experience, preferred
  • Private equity experience, both fund and portfolio company levels, preferred

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), preferred
  • Possession of other professional degrees or certifications applicable to role, preferred

Software:
  • Proficient with the Microsoft Office Suite, preferred
  • Experience with tax research databases and tax compliance process software, preferred

Language:
  • N/A

Other Knowledge, Skills & Abilities:
  • Excellent verbal and written communication skills
  • Ability to effectively delegate work as needed
  • Strong analytical and basic research, critical thinking, and decision-making skills
  • Ability to work well in a team environment
  • Ability to effectively develop and maintain client relationships
  • Solid organizational skills, especially the ability to meet project deadlines with a focus on details
  • Ability to successfully multi-task while working independently and within a group environment
  • Ability to work in a deadline-driven environment and handle multiple projects simultaneously
  • Ability to build and maintain strong relationships with firm and client personnel and the ability to successfully interact with professionals at all levels
  • Ability to contribute to positive team environment on engagements and to the professional development of team personnel
  • Professional presence and ability to act as primary contact on assigned engagements


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. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm's success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm's success, with no employee contributions.

We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:

  • Welcoming diverse perspectives and understanding the experience of our professionals and clients
  • Empowering team members to explore their full potential
  • Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
  • Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
  • Focus on resilience and sustainability to positively impact our people, clients, and communities
  • BDO Total Rewards that encompass so much more than traditional "benefits." Click here to find out more!

*Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability/vets

Click here to find out more!
BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. The company was founded in 1910 and is headquartered in Chicago, Illinois. BDO USA has more than 60 offices and over 5,000 employees throughout the United States. The company is a member of the BDO International network, which has more than 1,500 offices in over 160 countries.
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