🚀 Tax Senior, State and Local Tax - Unclaimed Property

Overview

The Tax Senior, State and Local Tax - Unclaimed Property applies industry knowledge and experience to clients by advising on tax implications and other accounting matters affecting business objectives, with emphasis on unclaimed property compliance and consulting. This role utilizes tax and/or accounting skills in a consultative capacity, including project management, data analysis, reconciliation, auditing, internal controls, and process/system enhancements. The SALT Senior Associate, Unclaimed Property collaborates with leadership to recommend actions and methods for complying with unclaimed property statutes and regulations, coordinates compliance and consulting engagements, manages client expectations and deliverables, and supports marketing, networking and business development. The position also involves working with Core Tax and Audit Partners, Directors, and Senior Managers to provide SALT expertise to clients.

Job Duties / Responsibilities

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 determine 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

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

Education / Qualifications

• 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

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

Note: Salaries and ranges are provided for illustrative purposes and may vary by geography and experience.

About Us

Join us at BDO, where you will find more than a career. We offer flexibility and opportunities for advancement. Our culture centers on making meaningful connections, curiosity, and being true to yourself while delivering value for our people, clients, and communities. BDO is proud to be an ESOP company and an equal opportunity employer. See the full Equal Opportunity statement in the employer disclosures.

Job Details

Senior level, Full-time

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