Manager, Family Office Services - Houston, United States - BDO

BDO

Verified Company

Houston, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Job Summary:

The Tax Manager, Private Client & Family Office Services manages the full-life cycle of all assigned finance and accounting outsource engagements.

Responsibilities include proposal development, staff assignment and oversight, final work product review and overall portfolio financial performance.

In addition, the PCS-FOS Manager is responsible for client relationship management, including regularly meeting with the client and assigned staff, reporting financial information and making financial management recommendations, timely billing and resolution of client issues.

Job Duties:

Client Service Delivery:

Manages the fulllife cycle of all assigned engagements by providing technical expertise in all areas within the finance and accounting function:
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, and provides financial analysis
Understands the technology packages clients are using to support their accounting/finance functions:
Describes the major functions each system performs, and knows how the system performs those functions
Explains the purpose and value of system functions that a client may not be using
Identifies when a client is not using a technology package in a proper or efficient manner
Learns new technology quickly, understands the essence of technologies, how they can be used, how they interact with other technologies and business functions, what the best methods/benefits are for using them, and applies these technologies to an engagement
Facilitates effective discovery meetings with clients:
Uses open ended questions to identify what their objectives are, what financial information they value for management/decision making and why, as well creating a map of their current internal finance and accounting structure
Designs integrated solutions that respond to the specific situation:
Knows BDO well enough internally to identify when services outside of PCS-FOS should be included and describes what these services achieve and how they operate
Outlines the solution in a concise document and vets it internally with their leaders and other BDO stakeholders
Accurately determines the cost of building a client solution:
Can calculate the benefit to a client in dollar terms of the solution, using the pricing process
Compares the differences between the perspectives, and if there is sufficient margin in between (given our confidence in our calculations) to have a profitable engagement, proposes a fixed fee based on current scope for review by leadership
Works with Senior Managers to learn to formulate recommendations to client leadership on technical accounting issues, financial accounting policies and procedures and financial management issues:
Educates clients on how their finance and accounting needs will change as their business evolves
Assists clients identify areas of opportunity and future business needs
Periodically reviews solutions with their clients to determine if it is still the right solution for the current state of the business and recommends appropriate changes
Learns to manage conflict; proactively engages senior leadership when conflict arises
Learns to support the client through business changes and helps to develop and execute the change management plan
Handles fulllife cycle of all assigned engagements by providing technical management for all areas within the accounting function
Gathers information necessary from the client to execute on engagements:
Maintains a running list of information that is needed, and follows up to gather information that is missing
Organizes information so it is easily accessible for the team and the client as applicable
Creates, develops and maintains strong business relationships with clients, both internal and external
Understands tax planning considerations/concepts for various business entities:
Comprehends the information presented on different tax return forms, analyzes this information to draw conclusions and have an intelligent conversation with clients
helping clients navigate business decisions and their potential financial and tax implications
Appropriately refers tax related matters to Core Tax and Specialty Tax Services

Business Development:

Learning business development strategies and service offerings targeted for various industries
Ensures prospect and sales information is entered into CRM as appropriate
Ability to recommend and design solutions for clients
Learns to evaluate clients for acceptance (e.g. general risk matters, regulations that affect our work, international business, background checks, etc.), and develops statements of work based on solu