Reference #: 4563
Job Summary:
The SALT Associate, Unclaimed Property, will be responsible for utilizing their educational background while working side-by-side with more experienced Unclaimed Property team members to apply basic industry knowledge and experience to clients by assisting in advising clients of the tax implications and other accounting related matters that affect their business objectives, with an emphasis on unclaimed property compliance and consulting. This is a very unique role that will allow a chosen professional the ability to use their tax and/or accounting skills (e.g., project management, reconciliation skills, financial auditing skills, accounting skills, problem solving skills, internal controls, process/system enhancements etc.) in a consultative capacity where sporadic data sets are obtained analyzed and modeled. The SALT Associate, Unclaimed Property, will work with leadership to recommend alternate courses of action, as well as identify different methods of complying with unclaimed property statutes and regulations. In this role, the person will be charged with while under the supervision of a more experienced team member, project management, participating in presentations to clients and states, coordinating compliance audit defense and VDAs and other consulting engagements, managing client expectations and deliverables, working with leadership on marketing, networking and business development and recognizing potential changes in unclaimed property policy and applying new policies to compliance and consulting engagements. In addition, the SALT Associate, Unclaimed Property, will work with the National Unclaimed property team to help Core Tax and Audit Partners, Directors, and Senior Managers to provide SALT Unclaimed property expertise to their clients.
Job Duties:
Research
Identifies complex situations when research is necessary providing an outline of the issue(s) and the appropriate source of research to be conducted
Analyzes researched facts and the sources utilized prior to composing a detailed report of the research findings
Routinely keeps abreast of latest relevant unclaimed property statutory, regulatory and case law changes
Unclaimed Property Compliance
Partner with National UP team and more experienced team members and while under their supervision conduct or perform the following task:
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
Works with Unclaimed Property leadership to identify appropriate B2B and other exemptions/deferrals
Performs reconciliations on data gathered to data reported under the guidance of Unclaimed Property leadership
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
Partner with National UP team and more experienced team members and while under their supervision conduct or perform the following task:
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.
Compiles and organizes general ledger detail, banking records, and other relevant source data for escheat items
Prepares and reviews scheduling decks of sporadic data into Unclaimed roperty templates for analysis
Assists clients with remediation procedures (e.g., 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
Actively involved in relevant trade organizations and public speaking, networking events where appropriate
Routinely updates CRM entries
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.)
Participates in learning and executing technology enhancements for unclaimed property group
Other duties as required
Qualifications, Knowledge, Skills and Abilities:
Education:
Bachelor's degree in Accounting, Finance, or Statistics, required, OR
Bachelor's degree in other focus area AND CPA certification, required
Experience:
Leadership experience, preferred
Accounting based internship, preferred
License/Certifications:
Eligible to sit for the CPA exams; progress towards admission to practice in a U.S. jurisdiction; progress towards Internal Revenue Service Enrolled Agent ("EA") (or progress towards the equivalent of one of these designations) upon starting employment, preferred
Software:
Proficient in the use of Microsoft Office Suite, specifically Excel and Word, preferred
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.
California Range: $65,000 - $110,000
New York City/ Valhalla Range: $76,000 - $110,000
Washington Range: $65,000 - $110,000
All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.