SALT Senior Associate, Unclaimed Property

Full-time

No

515 S. Flower Street, Suite 3000, Los Angeles, CA 90071, United States of America
2021 BDO USA, LLP. All Rights Reserved.


Job Title: SALT Senior Associate, Unclaimed Property
Location: Los Angeles, CA, United States
Salary: $70,000 - $125,000 per year
Job Type: Full time
Company: BDO USA, LLP

Introduction:

BDO USA, LLP is seeking a highly skilled and motivated individual for the position of SALT Senior Associate, Unclaimed Property in Los Angeles, CA. This unique role offers the opportunity to use tax and accounting skills in a consultative capacity, with a focus on unclaimed property compliance and consulting. The chosen candidate will work closely with leadership to provide expertise to clients and assist in advising them on tax implications and other related matters.

Job Summary:

The SALT Senior Associate, Unclaimed Property, will be responsible for project management, presentations to clients and states, coordinating compliance, audit defense and VDAs, and other consulting engagements. They will also work with the Core Tax and Audit Partners, Directors, and Senior Managers to provide SALT expertise to clients. This role also involves staying informed on the latest unclaimed property statutory, regulatory, and case law changes.

Key Responsibilities:

- Research complex situations and conduct thorough research using appropriate sources
- Develop relationships with relevant state authorities
- Keep up-to-date on unclaimed property laws and regulations
- Gather and manipulate data from clients for preparation of annual escheat returns
- Use software for data gathering, importing, and preparation of returns
- Identify exemptions and perform reconciliations on data
- Respond to notices from state authorities and assist with due diligence letter processing and client payment processing
- Provide assistance with exam support and communicate regularly with clients and UP team members
- Draft memorandums and opinions on escheat issues
- Participate in developing escheat planning processes and procedures
- Represent clients in unclaimed property audits and voluntary disclosures
- Identify gift card planning opportunities and assist with implementation
- Compile and organize relevant data for escheat items
- Prepare and review analysis of sporadic data into Unclaimed Property templates
- Assist clients with remediation procedures and develop exposure quantification models
- Assist with client refund review process
- Apply relevant state tax consulting sub-specialties and confer with other STS professionals
- Ensure engagement letters are adopted and manage engagements
- Assist UP leadership with consultative selling strategies
- Actively involved in relevant trade organizations and public speaking events
- Update CRM entries regularly
- Manage client expectations and work with UP leadership to project manage multiple clients and projects simultaneously
- Utilize relevant software for assigned tasks
- Maintain working knowledge of various GL systems
- Participate in learning and executing technology enhancements for unclaimed property group
- Other duties as required

Qualifications:

- Bachelor's degree in Accounting, Business, Economics or Finance
- 2+ years of experience in tax, financial statement auditing or forensic accounting in a public accounting firm or in-house organization
- CPA certification, Attorney (admitted to practice in a . jurisdiction), or Internal Revenue Service Enrolled Agent (EA) preferred
- Proficient in Microsoft Office Suite, specifically Excel and Word
- Experience with Power BI, Alteryx, and other software preferred

Skills and Abilities:

- Excellent verbal and written communication skills
- Superior analytical and research skills
- Strong organizational skills and ability to meet deadlines
- Ability to work independently or in a team environment
- Ability to handle multiple projects simultaneously in a deadline-driven environment
- Ability to manage a team and delegate work assignments
- Ability to build and maintain relationships with internal and client personnel
- Executive presence and ability to act as primary ,000 per year. In certain areas such as NYC, Long Island, and Westchester, the salary range may vary between $70,000 - $125,000 per year.

About BDO USA, LLP:

At BDO, our purpose is to help people thrive every day. We are committed to delivering exceptional experiences to middle market leaders and making a positive difference in the world. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to ourselves.

We offer flexibility and opportunities for advancement, and our culture is focused on celebrating diversity and empowering team members to reach their full potential. BDO is proud to be an ESOP company, reflecting our commitment to putting people first and sharing financially in our growth with our . team.

BDO professionals provide assurance, tax, and advisory services for clients across the . and in over 160 countries through our global organization. We are the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP), which offers participants a stake in the firm's success and a unique opportunity to enhance their financial well-being.

Our total rewards benefits include an annual allocation to the ESOP, which is fully funded by BDO and allows employees to grow their wealth over time as their shares vest and increase in value. We are committed to delivering exceptional experiences to our people, clients, and communities, and we welcome diverse perspectives and encourage innovation and resilience in our work.

Equal Opportunity Employer:

BDO USA, LLP is an Equal Opportunity Employer, including individuals with disabilities and veterans. We are proud to offer a comprehensive compensation package and benefits, which may be subject to eligibility requirements.

Apply Now:

To apply for this position, please click here.

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 determines 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. , 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. 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

language:

n/a

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



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

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