4 Operating Partnership Jobs

Specific Residences/ Global Incomes: Opportunity to work with US based clients to provide tax compliance services to operating partnerships, high-net-worth individuals (HNI) including preparation of Forms 1040 and 1041s. Our team culture is open, collaborative and encourages team members to take initiative and seek on-the-job learning opportunities. We also have opportunities for our team to work on cross-skilled projects including but not limited to only Tax filings. Quality of the work and the documentation is our top priority. By focusing on tools, functionalities, and automation, we continue to raise the bar on quality and deliver greater value to our clients. About the Role: As a US Tax Manager, you will play a key role in expanding our tax outsourcing services, specifically targeting CPA firms across the United States. Strong communication and leadership skills are essential for success in this role. You will be responsible for building and leading a team of tax professionals who are well-versed in U.S. business and individual tax regulations, ensuring consistent, high-quality service delivery to our clients.

Key Responsibilities / Job Description: Lead and oversee the preparation and review of complex Form 1065 (Operating Partnerships). Knowledge of 1120s and 1040s will be an added advantage. Demonstrate a deep understanding of federal and state income tax laws, including planning strategies for clients in various industries. Provide strategic tax advisory services to clients, including tax minimization strategies for high-net-worth individuals and businesses. Manage and mentor a team of tax professionals, ensuring the accurate and timely preparation of tax returns and other deliverables. Responsible to train the team on required areas and software, necessary for tax compliance. Provide first-level review and oversight for tax returns, ensuring accuracy and compliance. Lead client relationships, acting as the primary point of contact for complex tax issues and tax planning strategies. Ensure timely communication with IRS and state tax authorities, responding to notices and inquiries. Oversee client billing, manage budgets, and monitor team workloads to ensure optimal efficiency. Drive business development by identifying potential tax-related opportunities and expanding client service offerings. Maintain up-to-date knowledge of industry trends and regulatory changes that may impact clients' tax obligations. Pre-requisites: 7-10+ years of experience in US taxation, with specific experience in Form 1065 (Operating Partnerships). Knowledge of 1120s and 1040s will be an added advantage. US CPA, Chartered Accountant, or Enrolled Agent required. Extensive experience managing and reviewing complex tax returns for business. Strong leadership and mentoring abilities, with a proven track record of managing and developing teams. Advanced knowledge of tax laws and tax strategy for high-net-worth individuals and businesses. Excellent written and verbal communication skills, with the ability to manage client relationships effectively. Proficiency in MS Excel and tax software tools. Ability to manage multiple high-priority projects and client engagements simultaneously. Strong business acumen, with experience in business development and client growth.

Role & responsibilities BDO RISE stands for round-the-clock international services for excellence and is dedicated to providing exceptional client service in the global economy to BDO USA. Our professionals leverage consistent best practices to delivery outstanding service and solutions. BDO RISE serves BDO USA, which utilizes the services of BDO RISE in delivering its final work product to BDO USAs clients across its Assurance, Tax, Advisory and BDO Digital practices Job Duties As a Manager/Experience Manager in our Core Tax Services practice, you will: Utilize your educational and professional experience to serve BDO USAclients Will be responsible forassisting BDO USA Clients from various Financial Service Sector (Partnership/Corporate) on various tax implications according to their business and investment structures and thereby help them on their compliance and reporting of federal, state, and local taxes by reviewing and processing their tax returns and relevant forms.? Responsible to work with the team in utilizing appropriate softwares and process to serve BDO USA clients better and enhance their experience working with BDO.? Responsible to analyze/review the tax computation, tax returns and other relevant forms, as per IRC regulations and code sections and process the tax returns and relevant forms through BDO specific tax softwares and as per the BDO Milestones.? Assisting the group of preparers and initial reviewers by analyzing BDO USA clients Book (GAAP) v/s Tax (IRS/IRC) reporting and helping the team in identifying/reviewing the book to tax differences and their impact on their business tax returns along with reporting’s i.e. (Analyzing book and tax AJE, Fixed Assets (Depreciation and Amortizations), Sales and Disposals(book gain /(loss) v/s tax gain/(loss)), Tax Allocations(Incentive(Water Fall/ Target Allocations), Performance fee, Stuffing, Reval tracking and carried Allocations), Elections etc.).?? Analyzing and Reviewing Book (realized and unrealized transactions) reports to identify potential book to tax differences based on IRC tax regulations and reporting’s covering (Wash sale, straddle, constructive sale, short sales, OID and MD, dividend analysis, etc)..? Reviewing the partnership agreement for possible shift in allocations, transfers, ownership change, structure or investment changes.?? Responsible for self and the teams schedule and success, as the managers are expected to lead and will be the primary stake holder for BDO USA clients and leaders in the practice.? Responsible for communicating effectively and proactively on any challenges they foresee on the teams’ schedules and tax implications on their book of business.? Consistently contributing ideas/opinions with the leaders on the process or software for serving BDO USA clients.? Maintaining a positive working relationship with BDO USA and BDO RISE members across levels.? Responsible to lead the team from RISE and helping preparer and reviewers by coaching and providing training based on the need within the practice through addressing questions related to tax technical and soft skills.? Responsible to mentor and guide team members on their professional journey and growth by sharing insights and vision for the practice and RISE in overall.? Responsible to stay updated with IRS/IRC regulations and tax reforms within the industry and constantly upgrading his/her technical understanding using various platforms including IRS releases, checkpoints etc.? Collaborating with our practice leads in BDO USA and thereby contributing his/her experience and skills in serving BDO USA clients for an everlasting experience along with sharing insights to our practice leaders in RISE to make RISE a better practice.? Qualifications? Bachelor’s degree in accounting or other relevant field required? Master’s degree in accounting beneficial, master’s degree in taxation preferred? Experience? 8 to 12 years of prior experience? Review of federal and state estimated tax payments.? Review of federal 1065 for different industries (Private Equity/Hedge Funds/RRE/Fund of Funds/Operating partnership etc)? Review the international portion of US federal tax returns.? Manages and ensures appropriate tax accounting in the general ledger.? Identifies tax savings and exposures and effectively communicates such findings.? Oversees the development and maintenance of tax accounting policies and standardized procedures.? Assisting with engagement workflow management and supervising tax consultants and interns on assigned engagements.? Prior supervisory experience required.? CPA or Enrolled Agent certification (or in the process of pursuing)? ? Software? Experience with Microsoft Office Tools (Excel, PowerPoint, Word, and Outlook), and Adobe Acrobat? Experience with tax research databases such as BNA and RIA Proficient in all tax compliance process software including GoFileRoom, GoSystemRS, Caseware, BNA Depreciation Software, or comparable programs and standard tax workpapers? ? ? Other Knowledge, Skills & Abilities? Superior verbal and written communication skills? Ability to effectively delegate work as needed? Strong analytical, research and critical thinking skills as well as decision-making skills? Capacity to work well in a team environment? Capable of developing and managing a team of tax professionals? Ability to compose written tax advice? Capable of effectively developing and maintaining relationships? Executive presence and ability to act as primary contact for preparation and presentation of issues and resolutions Preferred candidate profile Perks and benefits

Review US Federal and State tax returns majorly for Partnerships (1065) Prepare and/or Review US State income tax returns Review audit trial balance and prepare / review tax work papers Research any tax issues and share the knowledge with the team Develop team members technical skills by providing them the required training Demonstrate initiative, vision, resourcefulness, creativity and independent thinking Identify and resolve potential and/or existing problems with appropriate research and consulting US if necessary Assist in managing India staff including taking responsibility for the teams activities and chargeability; Will act as liaison between US offices and India team Manage multiple clients/projects/offices at any given time. Work closely with management and alerting them of any issues, constraints, challenges etc. that may arise during the course of work Willing to travel overseas to cater to the business needs of the company