Tax Senior, Private Client & Family Office Services

Job Summary:

The Tax Senior, Private Client & Family Office Services is responsible for performing and overseeing the full cycle general accounting function for small to mid-size organizations,  utilizing research skills, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks, In this role, the Private Client & Family Office Services Senior Associate may be charged with supervising and reviewing the work of Private Client & Family Office Services Associates.

Job Duties:

• Performs complete general ledger reconciliation including the entire balance sheet and applies accounting knowledge by properly recording transactions in a general ledger; creates accounting records such as bill payments, client invoices, payroll, and others; identifies and records adjustments; produces accurate financial statements 
• Comprehends common financial statements and prepares draft financial statements for review; understands how line items/accounts function (e.g. capital accounts, various forms of liabilities, etc.); properly distinguishes debits from credits; calculates/interprets KPIs for clients; identifies positive and constructive trends and raises them to BDO management. 
• Conducts basic financial statement analysis and understands the finance and accounting functions generally performed by a business (e.g. sales, purchasing, A/R, etc.) and common best practices/processes for how they operate 
• Prepares financial budgets and forecasts and communicates actual to budget variances
• Plans basic engagements to include on-boarding and client delivery phases and develops an understanding of engagement economics (i.e., billing and time entry) and adheres to PCS-FOS best practices 
• Interacts with clients to gain information, documents and data necessary to complete assigned tasks
• Identifies and organizes clients’ financial information; prepares common financial reports and other schedules as requested; formats reports so they are easily read and understood by BDO management and clients
• Reviews client information for accuracy; uses deductive reasoning to identify anomalies or gaps and communicates significant client issues to supervisor
• Supports drafting proposals and other documents explaining proposed solutions to clients 
• Articulates PCS-FOS’s value proposition and understands our target market/client profile
• Applies our processes, systems, technology and resources to manage workflow and ensures proper documentation and workpapers 
• Reviews work products and works collaboratively with both PCS-FOS and Business Service Center (BSC) team members 
• Produces quality work and sets priorities according to internal and external deadlines and project priority; raises priority setting conflicts to management, as needed 
• Takes personal accountability for work products and accepts constructive feedback to guide future actions
• Prepares schedules to support the client’s audit preparation and tax compliance requirements
• Participates in advanced special projects, as required
• Other duties as required

Tax Related Duties:

• Plans and executes projects related to tax and consulting processes and procedures
• Complies with all Firm policies, standards and the BDO Tax Quality Manual (TQM) and seeks advice regarding issues and problems related to tax compliance and consulting
• Researches public information 
• Uses the Firm’s compliance software to maximize efficiency of tax returns

Supervisory Responsibilities:

• May supervise and manage the day-to-day work assignments of PCS-FOS Associates and Paraprofessionals
• Provides verbal and written performance feedback to PCS-FOS Associates and Paraprofessionals, as necessary
• Acts as mentor to PCS-FOS Associates and Paraprofessionals

Qualifications, Knowledge, Skills and Abilities:

Education:

• One of the following is required:
  • Bachelor’s degree, focus in Accounting or Finance, preferred AND three (3) or more years of experience performing general accounting transactions and functions, required; OR
  • Four (4) or more years performing general