SALT Senior Manager, Unclaimed Property

Job Summary

The Tax Senior Manager, SALT - Unclaimed Property is responsible for advising clients of the tax implications and other accounting related matters that affect their business objectives, with an emphasis on unclaimed property compliance and consulting.  This is a unique role that will allow a chosen professional the ability to use their tax and/or accounting skills (e.g., project management, reconciliation skills, financial auditing skills, accounting skills, problem solving skills, internal controls, process/system enhancements, etc.) in a consultative capacity where sporadic data sets are obtained analyzed and modeled.  The Tax Senior Manager, SALT - Unclaimed Property will recommend alternate courses of action, as well as identify different methods of complying with unclaimed property statutes and regulations.  In this role, the person will be charged with project management, presentations to clients and states, coordinating compliance, audit defense, VDAs, and other consulting engagements, managing client expectations and deliverables, marketing, networking and business development and recognizing potential changes in unclaimed property policy and applying new policies to compliance and consulting engagements.  In addition, the Tax Senior Manager, SALT - Unclaimed Property will work with the Core Tax and Audit Principals, Directors, and Senior Managers to provide SALT expertise to their clients.

Job Duties

• Research
  • Identifies complex situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conducted
  • Analyzes researched facts and the sources utilized prior to composing a detailed report of the research findings
  • Develops relationships with in-state and out of state Department of Tax (DOT)/Department of Revenue (DOR) personnel, Department of Treasury, etc.
  • Routinely keeps abreast of latest relevant unclaimed property statutory, regulatory and case law changes 
• Unclaimed Property Compliance
  • Obtains and manipulates data from client to use in preparation of annual escheat returns
  • Uses FSI Track, BDO Global Portal and other systems for data gathering
  • Imports data into FSI Track and prepares returns
  • Identifies appropriate B2B and other exemptions/deferrals
  • Performs reconciliations on data gathered to data reported
  • Composes responses to notices from state authorities
  • Assists with due diligence letter processing
  • Assists with client payment processing
  • Provides assistance with exam support
  • Communicates routinely with clients and UP team members
• Unclaimed Property Consulting
  • Drafts memorandums, opinions and other documentation on various escheat issues
  • Determines escheat planning process 
  • Develops policy and procedures, address internal controls 
  • Represents clients on unclaimed property audits, mitigating exposures and assisting with best practices
  • Represents clients on voluntary disclosures mitigating exposures and assisting with best practices
  • Assists with identifying gift card planning opportunities and implementation
  • Conducts client interviews, onsite visits, workplans, etc.
  • Reviews general ledger detail, banking records, and other relevant source data for escheat items
  • Prepares and reviews scheduling decks of sporadic data into UP templates for analysis
  • Assists clients with remediation procedures (e.g. showing transactions are not owed)
  • Develops exposure quantification models to calculate escheat exposures
  • Assists with client refund review process
  • Applies all applicable state tax consulting sub-specialties and confers with other STS professionals when appropriate
  • Ensures escheat engagement letters are adopted prior to engagement work commencing and manages engagements
  • Assists in the development of consultative selling strategies
  • Responsible for achieving/assisting with securing a $500k - $750k+ annual business development goal 
  • Responsible for achieving 5-10 annual new business leads
  • Routinely updates CRM entries
  • Actively involved in relevant trade organizations and public speaking, networking events
  • Manages the expectations of assigned clients
  • Oversees and project manages multiple clients and projects simultaneously
• Unclaimed Property Controversy
  • Represents clients before any tax authority on contested issues
• Unclaimed Property Related Software
  • Utilizes FSI track, tax research databases and other tax-related software in the completion of assigned tasks
  • Maintains working knowledge of various GL systems (SAP, Oracle, JD Edwards, AS/400, Epicor, etc.