Private Client Tax Principal

Job Description

Ideas | People | Trust

We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world.

We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy - and directly advise the owners and management teams that lead them.

We’ll broaden your horizons

Our rapidly growing Private Client Team manage funds, businesses and trusts of individuals, families and entrepreneurs. Alongside solving a constantly evolving range of technical challenges, working in this team means building strong relationships with individuals so you can become their trusted advisor and oversee their tax affairs in line with what they want to achieve as an individual or business.

We’ve established a strong global network that is recognised as a leader especially in looking after entrepreneurs and owner-managed businesses. You’ll need excellent people skills and strong technical ability as you visit clients across the world. In return, you’ll have unparalleled access to partners and opportunities to develop your career in many different directions as you work across a truly diverse portfolio of global clients.

We’ll help you succeed

Leading organisations trust us because of the quality of our advice. That quality grows from a thorough understanding of their business, and that understanding comes from working closely with them and building long-lasting relationships.

You’ll be someone who is both comfortable working proactively and managing your own tasks, as well as confident collaborating with others and communicating regularly with senior managers, directors, and BDO’s partners to help businesses effectively. You’ll be encouraged to identify and draw attention to opportunities for enhancing our delivery and providing additional services to organisations we work with.

At BDO, we’ll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.

Responsibilities:

• Play a significant role in supporting the Partners with the management of their client portfolio and growing the firm’s Succession planning and IHT advisory business.

• Act as a client relationship point of contact for significant high net worth individuals and their families.

• Be responsible for undertaking Succession Planning Reviews and related assignments for key clients.

• Win new clients through networking and business development together with the wider BDO Private Wealth group and our mutual professional contacts.

• Act as a key point of contact within the Firm for the client.

• Responsibility for tax planning and complex IHT issues with a focus on variety of directly held assets or use of family vehicles, e.g. companies and trusts.

• Advise on ad hoc projects and be deemed as an expert in some areas of Private Client Tax, including but not limited to IHT, succession planning and use of trusts.

• Profitably manage a small portfolio of complex clients.

• Ensure that the firm’s quality control procedures are adhered to on their clients.

• Commercial management of their clients i.e. setting budgets, monitoring workflows and contributing to a commercial and sustainably profitable business.

• Be involved in the team, supporting your peers from a technical perspective, and developing the next generation of advisers.

• Identify risk and technical matters, as well as identifying opportunities, and acting on these accordingly.

• Develop, execute and manage the account development for own client portfolio.

• Contribute to the tax group’s sales and marketing activities in developing new work wins.

• Overall responsibility for resource planning and allocation for their portfolio.

• Staff training and development including recommendations for promotion.

• Counsel, appraise, develop and motivate staff as appropriate.

• Liaise with Tax Authorities.

• Liaising between clients and their other advisers in a collaborative and efficient manner.

• Act as a liaison between the client and other service lines and tax specialists within the firm.

• Act as a role model for the firm, both externally and internally.

• Consult with colleagues and Partners on technical and risk matters.

We are looking for someone who:

• Has an in depth, up to date knowledge of taxation with experience of advising high net worth individuals, their families and wealth protection structures.

• Strong experiences and the ability to lead projects in succession planning for multi-generational families and the provide support to the wider private client team as a technical expert at the highest level on a wide range of inheritance tax matters.

• Experience advising in the trusts and estates specialist area and working with trustees and wealth advisory teams on the taxation considerations

• Has experience of managing a portfolio of clients including control of client take-on and engagement, billings and identification of new opportunities.

• Strong experiences and the ability to lead projects in succession planning for multi-generational families and the provide technical expertise and support to the wider private client team on a wide range of inheritance tax matters.

• Is able to provide private client and trust compliance and advisory services to a wide range of clients using resource from a shared service team.

• Has an understanding of potential risks to the firm arising from various aspects of client engagement.

• Can guide and supervise less experienced colleagues.

• Can support, train, mentor and advise others.

• Will challenge current practice – driving improvements and championing change.

• Takes personal responsibility for own decisions and actions and those of others.

• Leads projects of varying scale and complexity.

• CTA and/or ACA qualified or equivalent.

You’ll be able to be yourself; we’ll recognise and value you for who you are and celebrate and reward your contributions to the business. We’re committed to agile working, and we offer every colleague the opportunity to work in ways that suit you, your teams, and the task at hand.

At BDO, we’ll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.

We’re in it together

Mutual support and respect is one of BDO’s core values and we’re proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we’ll support you at every stage in your career, whatever your personal and professional needs.

Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, you’ll always have access to the people and resources you need to do your best work.

We know that collaboration is the key to creating value for the companies we work with and satisfying experiences for our colleagues, so we’ve invested in state-of-the-art collaboration spaces in our offices. BDO’s people represent a wealth of knowledge and expertise, and we’ll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you’ll never stop learning at BDO.

We’re looking forward to the future

At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy. Our success is powered by our people, which is why we’re always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companies we work with to achieve their ambitions.

We’ve got a clear purpose, and we’re confident in our future, because we’re adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.

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