Job Description

The National Tax Office Financial Products Senior Manager will specialize in the taxation of financial products. The National Tax Office Financial Products Senior Manager 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 Senior Manager 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 Senior Manager will be involved in developing and providing thought leadership and training for the firm, including with respect to legislative and regulatory updates.

Job Duties:

Tax Specialization

• Develops an 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 and managers on all projects
• Reviews work prepared by associates, senior associates and managers and provide review comments
• Trains associates, senior associates and managers on how to use all current software tools
• Acts as a Career Advisor to associates, senior associates and managers
• Schedules and manages workload of associates and senior associates
• Provides verbal and written performance feedback to associates and senior associates

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:

• Six (6) or more years of prior relevant tax experience and/or public accounting, law firm, private industry accounting or consulting/professional services experience, required
• Prior supervisory experience, required
• Expertise Industry experience in one or more tax specialty, preferred

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), required
• Possession of other professional degrees or certifications applicable to role, preferred

Software:

• Proficient with the Microsoft Office Suite, including Microsoft Excel and PowerPoint, preferred
• Experience with tax research databases, including Tax Notes, CCH, or BNA, preferred

Language:

• N/A

Other Knowledge, Skills & Abilities:

• Superior verbal and written communication skills
• Ability to effectively delegate work as needed
• Strong analytical and critical thinking skills as well as decision-making skills
• Strong tax research skills using on-line resources, including BNA and CCH
• Able to work well in a team environment
• Able to develop and manage a team of tax professionals
• Ability to compose written tax advice
• Superior attention to detail
• Ability to effectively develop and maintain client relationships
• Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to clients

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.

California Range: $140,000 - $250,000
Colorado Range: $140,000 - $250,000
NYC/Long Island/Westchester Range: $140,000 - $250,000
Washington Range: $140,000 - $250,000

At BDO, how we show up matters. We build strong relationships by supporting one another, our clients, and our communities with care, curiosity, and a commitment to helping one another grow and succeed. Here, you’ll find meaningful work, leaders invested in your success, and opportunities to build a career around what matters most to you.

Our purpose is to be the people our clients count on to grow with confidence and achieve what matters most. Our values guide how we bring that purpose to life each day. Together, they shape how we work with one another, serve our clients, and create meaningful impact.

BDO provides assurance, tax, and advisory services to clients across the U.S. and around the world. No matter your role, you’ll be part of a team helping clients navigate complexity and move forward with clarity.

We are proud to be an ESOP company, offering participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. As a qualified retirement plan, the ESOP is a meaningful addition to our comprehensive compensation and Total Rewards benefits* offerings. It also reinforces an ownership mindset that strengthens our connection to one another, our clients, and the future we’re building together.

Learn more about our benefits: BDO Total Rewards encompass 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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