SALT Senior Associate, Unclaimed Property

Full-time

No

Los Angeles, CA, United States

SALT Senior Associate, Unclaimed Property - Job Description

The SALT Senior Associate, Unclaimed Property, is responsible for providing tax expertise and consulting services to clients, with a focus on unclaimed property compliance and consulting. This unique role allows professionals to use their tax and accounting skills in a consultative capacity, working with sporadic data sets to analyze and model potential tax implications for clients. This position also involves project management, client communication, and business development opportunities. The SALT Senior Associate will work closely with leadership to recommend alternate courses of action and identify new methods of complying with unclaimed property regulations.

Job Duties

- Conduct research on complex tax issues, utilizing various sources such as state tax authorities and industry publications.
- Obtain and manipulate data from clients to prepare annual escheat returns.
- Utilize software systems for data gathering and reconciliation.
- Identify and apply appropriate exemptions and deferrals for B2B transactions.
- Compose responses to notices from state authorities and assist with due diligence letter processing and client payments.
- Provide assistance with exam support and communicate regularly with clients and team members.
- Draft memorandums and opinions on various escheat issues and participate in developing planning processes and internal controls.
- Represent clients on unclaimed property audits and voluntary disclosures, mitigating exposures and implementing best practices.
- Assist with identifying gift card planning opportunities and implementing strategies.
- Compile and organize relevant source data for escheat items and prepare and review scheduling decks for analysis.
- Assist clients with remediation procedures and develop exposure quantification models.
- Manage client expectations and work with leadership on multiple projects simultaneously.
- Utilize software systems and maintain working knowledge of various GL systems.
- Participate in learning and implementing technology enhancements for the unclaimed property group.

Qualifications, Knowledge, Skills, and Abilities

- Bachelor's degree in Accounting, Business, Economics, or Finance required.
- Two or more years of prior experience in tax, financial statement auditing, or forensic accounting in a public accounting firm or in-house organization required.
- CPA certification, Attorney (admitted to practice in a . jurisdiction), or Internal Revenue Service Enrolled Agent (“EA”) preferred.
- Proficient in Microsoft Office Suite, especially Excel and Word, required.
- Experience with Power BI, Alteryx, and other software preferred.
- Excellent verbal and written communication skills.
- Strong analytical and research skills.
- Ability to meet project deadlines with a focus on details and successfully manage multiple projects.
- Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously.
- Capacity to build and maintain strong relationships with internal and client personnel.
- Ability to encourage a team environment and contribute to the professional development of assigned personnel.
- Executive presence and ability to act as primary contact on assigned engagements.
- Advanced knowledge of tax standards and sources of relevant information.
- Ability to interact effectively with professionals at all levels.

Salary Information

Individual salaries offered to candidates are determined based on qualifications, experience, skills, and location. The salary range for this position is $70,000 to $125,000.

About the Company

BDO is a leading provider of assurance, tax, digital technology solutions, and financial advisory services to clients around the world. With a focus on industry-specific practices and a cohesive global network, BDO is committed to meeting the needs of its clients. The company serves over 400 publicly traded domestic and international clients and offers unparalleled partner involvement, deep industry knowledge, and global coverage.

BDO also offers a competitive Total Rewards package that includes traditional benefits such as medical, dental, and vision insurance, a 401k plan with employer match, and paid time off. The company also offers unique benefits such as paid parental leave, adoption assistance, and wellness programs.

To learn more about BDO and its available opportunities, click here.

Not specified

Not specified

Bachelor's degree in Accounting, Business, Economics, or Finance, required

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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