Managing Director, Transaction Advisory Services (M&A Tax)

Managing Director, Transaction Advisory Services (M&A Tax)

New York, NY, United States and 2 more

Job Description

Within the Special Projects Group in Transaction Advisory Services (the Managing Director is responsible for advising clients on U.S. federal income tax issues associated with mergers and acquisitions. The Managing Director in this role will be the primary client contact for technical tax work. Tax technical work may involve structuring and restructuring, consolidated return subsidiary share basis and earnings and profits analyses, Section 1202, and transaction cost analyses, with the primary focus of the role will be on Section 382 consultative projects, with the foregoing workstreams occurring in the context of Section 382 projects. In addition to serving in a lead client-facing role, it is expected the Managing Director will interface with professionals in the firm to help drive technological innovation with respect to Section 382 analyses. The responsibilities of this role will include working with BDO counterparts in India to increase capacity for Section 382 consulting, training the TAS team and overall tax practice as to Section 382 tax technical topics, and improving BDO’s deliverables, tools, and templates related to Section 382. This position will review work prepared by Associate, Senior Associate, Manager, Senior Manager, and Director professionals in the Transaction Advisory Services Group, and work with Principals on client optimization strategies. In addition, the Managing Director will be involved in the marketing, networking, and business development within an area of expertise and specialization and may be asked to provide written tax advice to clients.

Job Duties

• Understands the technical and practical issues and opportunities regarding the taxation of corporate mergers, acquisitions, and restructurings involving corporate entities, including (but not limited to):
  • Form and ramifications of various taxable asset and stock transactions
  • Purchase price allocation rules
  • Section 338(h)(10), Section 338(g), and Section 336(e) elections
  • Application of Section 1202 to stock dispositions
  • Net operating loss and credit limitation rules (e.g., SRLY, Sections 382, 383, and 384);
  • Consolidated return regulations related to basis and E&P adjustments;
  • Tax considerations for subsidiaries joining or leaving a consolidated group, such as the circular basis adjustment rules, the unified loss rule, NOL allocation rules, excess loss accounts, deferred intercompany transactions, triggering events, excess loss accounts, etc.
  • Nonrecognition transactions and general requirements
  • Transaction costs and rules related to deductibility and capitalization
• Serves as a primary technical resource for the technical practice areas described above for the Firm and its clients, including with respect to the broader tax practice

Tax Consulting

• Reviews calculations of anticipated tax ramifications of an asset deal relative to a stock deal
• Reads and comments on stock purchase agreements and asset purchase agreements
• Reviews and analyzes purchase price allocations
• Conducts and reviews transaction costs analyses
• Provides tax consulting services to the broader tax practice on tax issues and opportunities with respect to corporate mergers, acquisitions, restructurings, and tax attributes
• Leads Section 382 studies and works with the Special Projects Group Leader to drive BDO’s overall strategy with respect to Section 382
• Reviews step plans for legal entity rationalization/restructuring transactions, including pre-transaction restructurings, post-deal integration entity alignments, and other reorganizations
• Reviews opinions, memoranda, and conducts tax technical research and analysis
• Reviews stock basis and E&P analyses for consolidated groups
• Reviews inside and outside basis analyses for C corporations
• Frames projects and issues for effective delegation to directors, senior managers, managers, senior associates and associates
• Reviews structure decks for taxable and nonrecognition transactions between unrelated third parties

Research

• Identifies when research is needed, clearly and concisely frames issues to be researched, and clearly and concisely reports the analysis
• Applies most Firm and professional standards for preparation of WTA and tax returns
• Involves additional firm specialists, as appropriate
• Introduces and develops new or improved ideas for clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
• Reviews studies of tax implications and offers clients alternative courses of action
• Identifies and leverages lessons learned on prior projects, and offers input on how to improve processes and methods

Other duties as required

Supervisory Responsibilities

• Supervises associates, senior associates, managers, senior managers, and/or directors on all projects
• Reviews work prepared by associates, senior associates, managers, senior managers, and directors and provides review comments
• Trains associates, senior associates, managers, senior managers, and directors on how to use all current software tools and to improve tax technical skills
• Acts as a Career Advisor to associates, senior associates, managers, senior managers, and directors
• Schedules and manages workload of associates, senior associates, managers, senior managers, and directors
• Provides verbal and written performance feedback to associates, senior associates, managers, senior managers, and directors

Qualifications, Knowledge, Skills, and Abilities

Education

• Bachelor’s degree, required; major in Accounting, Finance, Economics, or Statistics, preferred
• Juris Doctor (JD) or Master of Laws (LLM) with a focus on Tax, preferred
• Master’s degree in Accounting or Tax, preferred

Experience

• Ten (10) or more years of prior relevant tax experience and/or public accounting, private industry accounting, or legal experience in three or more of the areas listed below, required:
  • Knowledge of Section 382, and experience in preparing, reviewing, and auditing Section 382 studies
  • Knowledge of the consolidated return regulations, specifically experience in preparing, reviewing, and auditing consolidated subsidiary share basis and earnings and profits analyses
  • Knowledge of Section 1202 and experience preparing and reviewing Section 1202 analyses
  • Experience in preparing, reviewing, and auditing deliverables related to transaction structuring, legal entity rationalization, and post-transaction structural integration
  • Experience in preparing, reviewing, and auditing transaction cost analyses
  • Experience in drafting technical tax memorandums and opinions to support client positions

License/Certifications

• CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), Internal Revenue Service Enrolled Agent (“EA”), or the equivalent of one of these designations, required
• Possession of other professional degrees or certifications applicable to the role, preferred

Software

• Proficient with the Microsoft Office Suite, preferred
• Experience with tax research databases, including Checkpoint, Bloomberg, and CCH Intelliconnect, preferred

Language

• N/A

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
• Ability to work well in a team environment
• Ability to develop team of tax professionals
• Ability to compose written tax advice
• Ability to effectively develop and maintain client relationships
• Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to client
• Demonstrates a high level of integrity
• Ability to adapt quickly in uncertain or unstructured situations
• Excellent communication skills, with the ability to give and receive criticism and feedback constructively
• Ability to simplify complex issues for client and non-tax professional understanding
• Ability to utilize and improve digital tools to reduce hours and optimize engagement efficiency
• Intellectually curious, motivated to deliver work of the highest quality, and driven to expand knowledge of tax technical matters, BDO’s business, its clients, and the team
• Ability to lead by example, demonstrating to less experienced professionals the importance of continual personal and professional growth

About Us

Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.

At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.

We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:

• Welcoming diverse perspectives and understanding the experience of our professionals and clients
• Empowering team members to explore their full potential
• Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
• Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
• Focus on resilience and sustainability to positively impact our people, clients, and communities

*Benefits may be subject to eligibility requirements.

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