at BDO USA, LLP in Chicago, Illinois, United States
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,... For full info follow application link.
All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.
