SALT Senior Manager, Unclaimed Property
Job SummaryThe 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 DutiesResearchIdentifies complex situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conductedAnalyzes researched facts and the sources utilized prior to composing a detailed report of the research findingsDevelops 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 ComplianceObtains and manipulates data from client to use in preparation of annual escheat returnsUses FSI Track, BDO Global Portal and other systems for data gatheringImports data into FSI Track and prepares returnsIdentifies appropriate B2B and other exemptions/deferralsPerforms reconciliations on data gathered to data reportedComposes responses to notices from state authoritiesAssists with due diligence letter processingAssists with client payment processingProvides assistance with exam supportCommunicates routinely with clients and UP team membersUnclaimed Property ConsultingDrafts memorandums, opinions and other documentation on various escheat issuesDetermines escheat planning process Develops policy and procedures, address internal controls Represents clients on unclaimed property audits, mitigating exposures and assisting with best practicesRepresents clients on voluntary disclosures mitigating exposures and assisting with best practicesAssists with identifying gift card planning opportunities and implementationConducts client interviews, onsite visits, workplans, etc.
Reviews general ledger detail, banking records, and other relevant source data for escheat itemsPrepares and reviews scheduling decks of sporadic data into UP templates for analysisAssists clients with remediation procedures (e.
g.
showing transactions are not owed)Develops exposure quantification models to calculate escheat exposuresAssists with client refund review processApplies all applicable state tax consulting sub-specialties and confers with other STS professionals when appropriateEnsures escheat engagement letters are adopted prior to engagement work commencing and manages engagementsAssists in the development of consultative selling strategiesResponsible for achieving/assisting with securing a $500k - $750k
annual business development goal Responsible for achieving 5-10 annual new business leadsRoutinely updates CRM entriesActively involved in relevant trade organizations and public speaking, networking eventsManages the expectations of assigned clientsOversees and project manages multiple clients and projects simultaneouslyUnclaimed Property ControversyRepresents clients before any tax authority on contested issuesUnclaimed Property Related SoftwareUtilizes FSI track, tax research databases and other tax-related software in the completion of assigned tasksMaintains working knowledge of various GL systems (SAP, Oracle, JD Edwards, AS/400, Epicor, etc.
)Participates in learning and executing technology enhancements for unclaimed property groupOther duties as requiredSupervisory
Responsibilities:
Supervises the day-to-day workload of SALT Managers, Senior Associates and Associates on assigned engagements and reviews work product Ensures SALT Managers, Senior Associates, Associates and Interns are trained on all relevant softwareEvaluates the performance of SALT Managers, Senior Associates and Associates and assists in the development of goals and objectives to enhance professional developmentDelivers periodic performance feedback and completes performance evaluations for STS SALT Managers, Senior Associates, Associates and InternsActs as Career Advisor to SALT Managers, Senior Associates and Associates, as appropriateQualifications, Knowledge, Skills and Abilities:
Education:
Bachelor's degree, required; focus in Accounting, preferred
Experience:
Six (6) or more years of prior experience in tax, financial statement auditing, internal auditing or forensic accounting in a public accounting firm or in-house organization, requiredPrior supervisory experience, 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, requiredExperience with Power BI, Alteryx, and other software, preferredLanguage:
N/AOther Knowledge, Skills & Abilities:
Excellent verbal and written communication skillsSuperior analytical and research skills Solid organizational skills especially ability to meet project deadlines with a focus on detailsAbility to successfully multi-task while working independently or within a group environmentProven 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 neededCapacity 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 personnelExecutive presence and ability to act as primary contact on assigned engagementsAbility to successfully interact with professionals at all levelsAdvanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax servicesAdvanced 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 issueIndividual 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:
$95,000 - $250,000NYC/Long Island/Westchester Range:
$95,000 - $250,000Join 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 clientsEmpowering team members to explore their full potentialOur talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunitiesCelebrating ingenuity and innovation to transform our business and help our clients transform theirsFocus on resilience and sustainability to positively impact our people, clients, and communities Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vetsClick here to find out more!Full timePosting Date:
2024-04-18.
Estimated Salary: $20 to $28 per hour based on qualifications.
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 DutiesResearchIdentifies complex situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conductedAnalyzes researched facts and the sources utilized prior to composing a detailed report of the research findingsDevelops 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 ComplianceObtains and manipulates data from client to use in preparation of annual escheat returnsUses FSI Track, BDO Global Portal and other systems for data gatheringImports data into FSI Track and prepares returnsIdentifies appropriate B2B and other exemptions/deferralsPerforms reconciliations on data gathered to data reportedComposes responses to notices from state authoritiesAssists with due diligence letter processingAssists with client payment processingProvides assistance with exam supportCommunicates routinely with clients and UP team membersUnclaimed Property ConsultingDrafts memorandums, opinions and other documentation on various escheat issuesDetermines escheat planning process Develops policy and procedures, address internal controls Represents clients on unclaimed property audits, mitigating exposures and assisting with best practicesRepresents clients on voluntary disclosures mitigating exposures and assisting with best practicesAssists with identifying gift card planning opportunities and implementationConducts client interviews, onsite visits, workplans, etc.
Reviews general ledger detail, banking records, and other relevant source data for escheat itemsPrepares and reviews scheduling decks of sporadic data into UP templates for analysisAssists clients with remediation procedures (e.
g.
showing transactions are not owed)Develops exposure quantification models to calculate escheat exposuresAssists with client refund review processApplies all applicable state tax consulting sub-specialties and confers with other STS professionals when appropriateEnsures escheat engagement letters are adopted prior to engagement work commencing and manages engagementsAssists in the development of consultative selling strategiesResponsible for achieving/assisting with securing a $500k - $750k
annual business development goal Responsible for achieving 5-10 annual new business leadsRoutinely updates CRM entriesActively involved in relevant trade organizations and public speaking, networking eventsManages the expectations of assigned clientsOversees and project manages multiple clients and projects simultaneouslyUnclaimed Property ControversyRepresents clients before any tax authority on contested issuesUnclaimed Property Related SoftwareUtilizes FSI track, tax research databases and other tax-related software in the completion of assigned tasksMaintains working knowledge of various GL systems (SAP, Oracle, JD Edwards, AS/400, Epicor, etc.
)Participates in learning and executing technology enhancements for unclaimed property groupOther duties as requiredSupervisory
Responsibilities:
Supervises the day-to-day workload of SALT Managers, Senior Associates and Associates on assigned engagements and reviews work product Ensures SALT Managers, Senior Associates, Associates and Interns are trained on all relevant softwareEvaluates the performance of SALT Managers, Senior Associates and Associates and assists in the development of goals and objectives to enhance professional developmentDelivers periodic performance feedback and completes performance evaluations for STS SALT Managers, Senior Associates, Associates and InternsActs as Career Advisor to SALT Managers, Senior Associates and Associates, as appropriateQualifications, Knowledge, Skills and Abilities:
Education:
Bachelor's degree, required; focus in Accounting, preferred
Experience:
Six (6) or more years of prior experience in tax, financial statement auditing, internal auditing or forensic accounting in a public accounting firm or in-house organization, requiredPrior supervisory experience, 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, requiredExperience with Power BI, Alteryx, and other software, preferredLanguage:
N/AOther Knowledge, Skills & Abilities:
Excellent verbal and written communication skillsSuperior analytical and research skills Solid organizational skills especially ability to meet project deadlines with a focus on detailsAbility to successfully multi-task while working independently or within a group environmentProven 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 neededCapacity 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 personnelExecutive presence and ability to act as primary contact on assigned engagementsAbility to successfully interact with professionals at all levelsAdvanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax servicesAdvanced 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 issueIndividual 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:
$95,000 - $250,000NYC/Long Island/Westchester Range:
$95,000 - $250,000Join 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 clientsEmpowering team members to explore their full potentialOur talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunitiesCelebrating ingenuity and innovation to transform our business and help our clients transform theirsFocus on resilience and sustainability to positively impact our people, clients, and communities Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vetsClick here to find out more!Full timePosting Date:
2024-04-18.
Estimated Salary: $20 to $28 per hour based on qualifications.
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