Tax Senior, State and Local Tax - Unclaimed Property

Job Summary:

The Tax Senior, State and Local Tax - Unclaimed Property, applies industry knowledge and experience to clients by assisting in 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 very 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, State and Local Tax - Unclaimed Property, will work with leadership to 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, participating in presentations to clients and states, coordinating compliance, audit defense and VDAs and other consulting engagements, managing client expectations and deliverables, working with leadership on 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 SALT Senior Associate, Unclaimed Property, will work with the Core Tax and Audit Partners, 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
• Works with Unclaimed Property leadership to determines escheat planning process 
• Participates in developing policy and procedures, addressing 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
• Assists UP leadership with client interviews onsite visits, workplans, etc. 
• Compiles and organizes general ledger detail, banking records, and other relevant source data for escheat items
• Prepares and reviews scheduling decks of sporadic data into Unclaimed Property 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 UP leadership with the development of consultative selling strategies
• Actively involved in relevant trade organizations and public speaking, networking events where appropriate
• Routinely updates CRM entries
• Manages the expectations of assigned clients
• Works with UP leadership to project manages multiple clients and projects simultaneously

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.)
• Participates in learning and executing technology enhancements for unclaimed property group

Other duties as required

Supervisory Responsibilities:

• May supervise the day-to-day workload of SALT Experienced Associates and Associates on assigned engagements and reviews work product 
• Ensures SALT Experienced Associates, Associates and Interns are trained on all relevant software
• May evaluate the performance of SALT, Experienced Associates and Associates and assists in the development of goals and objectives to enhance professional development
• Delivers periodic performance feedback and completes performance evaluations for SALT Experienced Associates, Associates and Interns

Qualifications, Knowledge, Skills and Abilities:

Education:

• Bachelor’s degree in Accounting, Business, Economics or Finance, required

Experience:

• Two (2) or more years of prior experience in tax, financial statement auditing or forensic accounting in a public accounting firm or in-house organization, required

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 

Software:

• Proficient in the use of Microsoft Office Suite, specifically Excel and Word, required
• Experience with Power BI, Alteryx, and other software, preferred

Language:

• N/A

Other Knowledge, Skills & Abilities:

• Excellent verbal and written communication skills
• Superior analytical and research skills 
• Solid organizational skills especially ability to meet project deadlines with a focus on details
• Ability to successfully multi-task while working independently or within a group environment
• Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously 
• Capable of effective managing a team of tax professionals and delegating work assignments as needed
• Capacity to build and maintain strong relationships with internal and client personnel 
• Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel
• Executive presence and ability to act as primary contact on assigned engagements
• Ability to successfully interact with professionals at all levels
• Advanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax services
• Advanced knowledge of sources of relevant information utilized in tax filings 
• Advanced knowledge and understanding of cause / effect for taxable conditions on clients and the potential tax issues

 

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.

National Range: $73,500 - $131,250
Maryland Range: $73,500 - $131,250
NYC/Long Island/Westchester Range: $73,500 - $131,250
Washington DC Range: $73,500 - $131,250

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

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