Accounting and Tax Principal

Palos Heights, Illinois, United States | Full-time

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Company Overview

Nawara Financial Advisors – A Fiducial Company is a professional accounting, tax and advisory firm located in the southwest suburbs of Chicago. The company was founded in 1998 offering integrated full-service accounting, payroll, financial reporting, tax and advisory services to small business corporations, partnerships, LLCs, sole proprietorships, nonprofits, estates, trusts and individuals.

In 2021, Nawara Financial Advisors was acquired and merged with the international accounting firm Fiducial Inc. [https://fiducial.com/]. Fiducial is a major provider of domestic and international financial services with consolidated annual revenue of over $1.83 billion (2021) across 1,200 offices with a team of 19,600 professionals within the U.S. and Europe. The merged firm became Nawara Financial Advisors - A Fiducial Company. The new firm combines a global network with a local presence to serve the accounting, tax preparation and advisory needs of community businesses and individuals. Operating as a branch office under the umbrella of a global parent allows the professional staff to focus on client work and developing new business while receiving centralized “back-office” support from corporate HR, payroll, IT, legal and marketing departments.

Today Nawara Financial Advisors – A Fiducial Company serves over 700 clients of all sizes in many industries and many states. The merger has established the foundation for growth. The Company is expanding its brand presence, hiring staff and seeking additional leadership to address future revenue growth through acquisition as well as succession planning for the founding Principal.

 

 Position Overview

 The Accounting & Tax Principal position is a leadership position that combines technical oversight with practice management. It provides a qualified candidate the opportunity to assume the top role to take charge and direct and control the operations of the office. The Accounting & Tax Principal will learn the day-to-day operations from the founding Principal and progressively assume complete branch management responsibility. The goal is to gradually transition into the leadership role inheriting the business as the Principal reduces his day to day involvement transitioning into a lesser role while providing mentorship and technical support.

This is an exciting opportunity for a CPA in public practice that wishes to join a professional accounting and tax firm and take it to the next level with a target of doubling in size. The position may be attractive to individuals in the Big 4 or currently operating a small firm practice who may want a change and the opportunity/challenge to build and manage their own practice within the Fiducial branch office structure without the headaches or worries of back-office operations and benefit from Fiducial financial corporate support. The mentorship learning transition period gives the Accounting & Tax Principal the time necessary to build the knowledge needed to run the day-to-day operations of the branch office. In due course, once the Accounting & Tax Principal feels confident and comfortable in the role, he or she will replace the Principal. Together, they will complete the transition of client relationships and proceed to an exit strategy for the Principal.

This is a management position requiring the supervision of 7 professional (including 5 CPAs) and 1 administrative staff. Staff levels consist of bookkeeper, staff accountant, tax accountant and accounting manager and tax manager. General personnel duties include evaluating staff performance, hiring, promoting and firing decisions, altering assignments when conflicts arise, and mentoring staff. The position reports to the Fiducial Regional Manager.

Practice management responsibilities include budgeting the work and staff billable time utilization and making sure the proper mix of staff are assigned and are completing work as designated. The Business Manager’s job is to ensure that the deliverables reach the client on time coordinating everything to make that occur and that the pricing of services is agreed to and paid when due. The Accounting & Tax Principal is accountable for branch P&L and required to provide annual budget, business plan and any other timely reporting as requested by senior leadership. The Business Manager will have revenue targets and therefore be responsible for maintaining client relationships and leading new business development.

 The position requires technical knowledge and oversight of GAAP financial reporting and IRC tax compliance, tax research and taxpayer representation. In addition to managing the firm’s practice areas, the Accounting & Tax Principal will provide advanced integrated accounting, tax and advisory or planning services to clients. This job demands a “doer” as well as a manager.

 

Desired Skills/Experience/Attributes

  • 10+ years of accounting and tax experience in a public accounting environment
  • Proficient in U.S. GAAP Accounting Standards Codification (ASC) and application to financial statement reporting
  • 10+ years of income tax return preparation experience including individual Form 1040 and business entity Form 1120, Form 1120S, Form 1065, Form 1041, Form 706, Form 709
  • Proficient in Internal Revenue Code (IRC) tax regulations and application to tax compliance rules and tax research
  • Knowledgeable of payroll, sales and personal property tax compliance
  • Experience with accounting and tax software (QuickBooks, CCH, ProSeries)
  • Experience with taxpayer representation for IRS inquiries, audits and penalty abatement
  • Experience managing and developing a team
  • Experience managing clients and their expectations
  • Business development skills with a record of generating new revenue

The ideal candidate for this position should have good executive presence with an unrivaled ability to work with employees, peers and senior management collaboratively in a team-oriented environment. Leadership and entrepreneurial drive are important to take the company to the next level. Personal verbal and written communication skills are necessary to effectively manage client relationships and build staff relationships. The candidate should possess an unquestionable level of objectivity, integrity and respect quality assurance requirements. The position requires a detail-oriented professional with exceptional organizational and time management skills who can serve as both a management leader and an individual contributor willing to “think outside the box” and improve upon the processes and systems in place. This person must be committed to fostering and maintaining Fiducial’s service culture.

 

Education, Certificates, Licenses, and Registrations

  • Active Professional License/Certification – CPA Required
  • Bachelor’s Degree in Accounting or Tax (Master in Accounting or Master of Science in Taxation preferred)
  • Active PTIN required upon hiring

 

Fiducial Employee Benefits

Fiducial values our employees and offer our employees a broad range of benefits that include:

  • Bonus and profit sharing
  • Medical, dental, and vision insurance
  • Short-Term and Long-Term disability
  • Generous PTO
  • Life Insurance
  • 401K with employer contributions
  • Flexible spending accounts
  • Continuing education reimbursement
  • Discount programs
  • Opportunity to relocate