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Tax Services Senior – Fiduciary Trust Tax Services:

Your Key Responsibilities 

You’re likely to spend your time on a diverse array of projects, responsibilities and tasks, supporting client engagements by participating in day-to-day interactions with team members, providing a quality work product and driving delivery of services to meet deadlines.  You will serve as a trusted advisor and role model for our people across multiple teams, research tax law issues, provide advice and assistance to help clients understand risks and potential needs for additional tax advisory or compliance services.   

Responsibilities  

• Performing tax research and preparing written tax advice 
• Preparing tax returns – Simple & Complex Forms 1041 and state income tax returns for trusts and estates 
• Supervising a team of junior analysts to provide for timely, accurate production of tax information statements, tax returns and related reporting 
• Managing effective long-term relationships with our clients, understanding their unique needs to provide tailored services 

• Reviewing and interpreting wills and trust documents to determine fiduciary tax reporting requirements, confirm beneficiary allocations, and identify matters that may require additional research and review by a subject matter professional such as determination of state tax nexus and application of state trust statutes for income and principal purposes 
• Recommending proper tax treatment of various transactions, learning to identify, review and confirm accuracy in tax reporting  
• Translating complex data from a range of sources into client-ready insights and deliverables to support informed decision-making concerning required tax reporting 
• Production of tax deliverables in a fast paced high volume environment 

• Application of foreign tax treaties and foreign tax credits
• Experience preparing or advising on domestic income  and/or U.S. international informational returns (Forms 5471, 8858, 8865, 1041, 1065, 1120-F, 3520, 3520A)
• Preparation of Foreign non grantor trust  beneficiary statements  (preferred, but not required)
• Support the team on other ad-hoc tasks and projects that may come up .

 

You will support the Fiduciary/Trust Tax Services practice with the preparation and delivery of tax information statements, tax returns and related reporting for agency, custody and fiduciary accounts for tax compliance engagements with banks, wealth management firms, trust companies and law firms.  You’ll be working in a highly collaborative culture, where listening to and sharing information with colleagues is an essential part of the role.  

 

Skills and attributes for Success 

• Experience with ONESOURCE™ Trust Tax software
• Collaborate with clients and colleagues to analyze tax issues, determine alternative methods of problem-solving and arrive at recommendations 
• Support managers, senior managers and PPEDs with reconciling returns, e-filing returns, and validating data in the tax system 
• Lead team communications with client tax liaisons, client trust administration teams and client trust officers to gather required information, to share information to support informed decision-making, and obtain instruction or authorization necessary for timely, accurate production of tax information statements, tax returns and related reporting 

• Managing billing and collections for tax compliance and related services and participating in the process of contract renewals and new business pursuits 
• Communicate complex tax issues to colleagues, clients and non-tax professionals to enable evaluation and review of tax compliance requirements central to fulfilling fiduciary tax reporting obligations 
• Responsible for training less experienced team members on administrative tasks and tasks supporting the tax compliance process 
• Act as the primary point of contact for day-to-day client relations for assigned engagements and demonstrate professional discretion by appropriately escalating complex tax and client relationship matters to senior management and subject matter professionals, coordinating efforts and insuring to manage expectations with regard to timing of response and resolution   
• Routine interaction with management and senior management, i.e., trained, coached and mentored by practice leaders with autonomy increasing with experience and demonstrated competence in performing essential functions of the job  

• Build effective long-term relationships and manage workflow effectively with our clients, understand their unique needs to provide tailored services 
• Manage engagement deliverables and team resources to ensure timely and accurate delivery of tax compliance services while effectively managing engagement economics 

 

To qualify for the role you must have 

• Bachelor degree or equivalent experience (Accounting, Business, Finance or equivalent degree preferred) 

• Minimum 3 years of experience in a professional services or tax services organization and preparing federal and state fiduciary income tax returns  
• Proficient in computer software applications, including Microsoft Word, Excel and PowerPoint,  trust accounting systems and tax software applications, including ONESOURCE™ Trust Tax 
• Experience preparing income tax returns with complex pass-through investments,
• Ability to read and interpret trust agreements 
• Ability to work effectively both independently and with a team, assist with a variety of projects of varying degrees of complexity 
• Knowledge of taxation of trusts and estates, wealth planning and fiduciary income taxation 

• Demonstrated technical expertise in fiduciary accounting matters 
• Build effective relationships with our clients, understand their unique needs to provide tailored services.  Manage workflow effectively to comply with clients’ needs and expectations and complete special projects 
• Excellent organizational and verbal/written communication skills  
• Experience preparing and/or reviewing income tax returns with complex pass-through investments including family limited partnerships, publicly traded partnerships and hedge funds 

 

Ideally, you’ll also have 

• ​​CPA or EA certification or membership in The Bar desired, but not required 
• ​Enhanced knowledge tax compliance, information reporting rules, fiduciary and/or income tax law and concepts required to prepare US federal and state tax information statements and tax returns  
• ​Strong analytical skills and attention to detail 
• ​The ability to adapt your work style to work with both internal and client team members​

 

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