Managing Director, National Tax Office Financial P

at BDO USA, LLP in Chicago, Illinois, United States

Job Description

Job Summary:
The National Tax Office Financial Products Managing Director (MD) specializes in the taxation of financial products. This position is responsible for advising CTS (Core Tax Services) and STS (Specialized Tax Services) office team members (as well as their clients) on the tax implications of their client's business objectives, evaluating, and selecting alternative actions to lessen tax burden and cost of compliance, and identifying different methods of complying with tax regulations while acting as the subject matter specialist for financial products related matters. In this role, the National Tax Office Financial Products MD is charged with applying knowledge to understand potential tax issues and recognizing and communicating potential risks and potential changes in the tax policy. In addition, the National Tax Office Financial Products MD will develop and provide thought leadership and training for the firm, including with respect to legislative and regulatory updates.
Job Duties:
Tax Specialization
Applies their in-depth understanding of the technical and practical issues and opportunities regarding the taxation of financial products, including (but not limited to):
Debt instruments, including debt issuances and modifications and the application of relevant interest deferral or disallowance rules (e.g., AHYDO and section 163(j)), as well as the use of leverage (debt) in M&A transactions
Derivatives
Tax hedging transactions
Foreign currency transactions
Cryptocurrency transactions
Dealing, trading, or investing in securities or commodities
Intercompany cash management
Distressed debt workouts, including bankruptcy transactions
Tax amortization (original issue discount) calculations
Serves as a primary technical resource for the technical practice areas described above for the Firm and its clients, including the CTS, STS, and financial services practices
Tax Consulting
Provides tax consulting services to the CTS, STS, and asset management practice (and their clients) on tax issues and opportunities with respect to the taxation of financial products:
Serves as a technical resource
Provides verbal and/or written technical advice through email, PowerPoint slide deck, memo, or opinion regarding tax issues with respect to the taxation of financial products
Prepares tax amortization (original issue discount) amortization calculations
Ensures client service teams comply with Firm policy; regarding Written Tax Advice ("WTA"),
Provides effective assistance with exam support
Frames projects and issues for effective delegation to seniors and associates
Thought Leadership
Assists with the development and presentation of thought leadership for the firm:
Drafts articles, insights, and other written materials discussing recent developments, including legislative and regulatory updates
Prepares and participates in the presentation of trainings to CTS, STS, and clients on various tax topics
May be required to organize and conduct effective internal CPE training sessions in area of specialization, involving Firm specialists
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 WTA and tax returns
Involves additional firm specialists, as 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:
Supervises associates, senior associates, ,managers, and senior managers on all projects
Reviews work prepared by associates, senior associates, managers, and senior managers and provides review comments
Trains associates, senior associates, managers, and senior managers on how to use all current software tools
Acts as a Career Advisor to associates, senior associates, managers, and senior managers
Schedules and manages workload of associates, senior associates, managers, and senior managers
Provides verbal and written performance feedback to associates, senior associates, managers, and senior managers
Qualifications, Knowledge, Skills, and Abilities:
Education:
Bachelor's Degree, required; focus in Accounting, Finance, Economics or Statistics, preferred
Juris Doctor (JD), preferred
Master's Degree in Taxation, preferred
Experience:
Seven (7) or more years... 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.