Senior Associate

Website BDO

BDO delivers assurance, tax, digital technology solutions and financial advisory services to clients throughout the country and around the globe.

Full Job Description

Job Summary:

  • The Private Client & Family Office Services (PCS-FOS) Senior Associate is responsible for performing and overseeing the full cycle general accounting function for small to mid-size organizations, utilizing research skills, gathering client information necessary for filing, participating in tax planning, recognizing and communicating potential risks.
  • In this role, the Private Client & Family Office Services Senior Associate may be charged with supervising and reviewing the work of Private Client & Family Office Services Associates.

Job Duties:

  • 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
  • Comprehends common financial statements and prepares draft financial statements for review; understands how line items/accounts function (e.g. capital accounts, various forms of liabilities, etc.); properly distinguishes debits from credits; calculates/interprets KPIs for clients; identifies positive and constructive trends and raises them to BDO management.
  • Conducts basic financial statement analysis and understands the finance and accounting functions generally performed by a business (e.g. sales, purchasing, A/R, etc.) and common best practices/processes for how they operate
  • Prepares financial budgets and forecasts and communicates actual to budget variances
  • Plans basic engagements to include on-boarding and client delivery phases and develops an understanding of engagement economics (i.e., billing and time entry) and adheres to PCS-FOS best practices
  • Interacts with clients to gain information, documents and data necessary to complete assigned tasks
  • Identifies and organizes clients’ financial information; prepares common financial reports and other schedules as requested; formats reports so they are easily read and understood by BDO management and clients
  • Reviews client information for accuracy; uses deductive reasoning to identify anomalies or gaps and communicates significant client issues to supervisor
  • Supports drafting proposals and other documents explaining proposed solutions to clients
  • Articulates PCS-FOS’s value proposition and understands our target market/client profile
  • Applies our processes, systems, technology and resources to manage workflow and ensures proper documentation and workpapers
  • Reviews work products and works collaboratively with both PCS-FOS and Business Service Center (BSC) team members
  • Produces quality work and sets priorities according to internal and external deadlines and project priority; raises priority setting conflicts to management, as needed
  • Takes personal accountability for work products and accepts constructive feedback to guide future actions
  • Prepares schedules to support the client’s audit preparation and tax compliance requirements
  • Participates in advanced special projects, as required
  • Other duties as required

Tax Related Duties:

  • Plans and executes projects related to tax and consulting processes and procedures
  • Complies with all Firm policies, standards and the BDO Tax Quality Manual (TQM) and seeks advice regarding issues and problems related to tax compliance and consulting
  • Researches public information
  • Uses the Firm’s compliance software to maximize efficiency of tax returns

Supervisory Responsibilities:

  • May supervise and manage the day-to-day work assignments of PCS-FOS Associates and Paraprofessionals
  • Provides verbal and written performance feedback to PCS-FOS Associates and Paraprofessionals, as necessary
  • Acts as mentor to PCS-FOS Associates and Paraprofessionals

Qualifications, Knowledge, Skills and Abilities:

Education:

One of the following is required:

  • Bachelor’s degree, focus in Accounting or Finance, preferred AND three (3) or more years of experience performing general accounting transactions and functions, required; OR
  • Four (4) or more years performing general accounting transactions and functions with some consultative or business advisory experience without a degree, required

Experience:

  • Consultative or business advisory experience, preferred
  • Prior basic supervisory experience, preferred

License/Certifications:

  • Currently enrolled in CPA certification exam, preferred
  • CPA certification, preferred

Software:

  • Proficient in the use of the Microsoft Office Suite, specifically Excel and Word, required
  • Experience utilizing industry standard accounting software, required
  • Experience utilizing BSO (BDODrive) platform software such as Intuit’s QuickBooks Online (QBO), Microsoft NAV and
  • Bill.com, CaseWare, BNA Depreciation Software, preferred

Other Knowledge, Skills & Abilities:

  • Excellent verbal and written communication skills
  • Understands GAAP and Tax and can apply it to basic financial statements
  • Strong analytical and basic research skills
  • Solid organizational skills especially the 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
  • Ability to interact effectively with people at all organizational levels of the firm
  • Knows how finance and accounting functions, technology for supporting these functions, and tax planning can differ by industry and business structure; knows what is required from a compliance perspective and what is considered a standard or best practice for the industry or business structure
  • Understands and explains tax planning considerations/concepts for various business entities; comprehends the information presented on different tax return forms
  • Recognizes opportunities for innovation, including: improvements for handling day-to-day matters and developing an understanding of process improvements
  • Listens for and communicates client problems and challenges to management that may be opportunities to grow the business and relationships with clients.
  • Educated in technology packages clients are using to support their accounting/finance functions; learns new technology quickly
  • Capability to effectively guide a team of professionals and delegating work assignments as needed
  • 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.

Colorado Range: $60,000 – $70,000

Pay: $70.6K – $89.4K a year

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