The Trusts & Estates and Tax Operations team within Wealth Management (WM) supports the Global Trusts & Estates practice and WM Banking teams by coordinating and completing various domestic and foreign fiduciary tax reporting obligations. The team is responsible for ensuring all federal, state and foreign filings are completed timely and accurately by the firm's third-party tax vendor. The incumbent will be a key member of the Tax Technical & Advisory team located in Chicago, IL and Newark, DE. The qualified candidate will be experienced in a variety of sub-specialty areas including state taxation of trusts, GST, estate tax, tax-exempt trusts, foreign tax reporting obligations (UK, France, Israel, etc.) and US tax reporting for foreign trusts.
As a Trusts and Estates Tax Operations Vice President on the Tax Technical and Advisory team, you will be part of a team located in Chicago, IL and Newark, DE that supports global teams of trust professionals. You will partner closely with internal and the firm's third-party accounting firm to review and set tax policies, opine on complex planning and compliance scenarios and assess the impact of changing domestic and foreign tax compliance regulations. You will work directly with trust officers, clients, family offices and outside advisors to ensure complete and accurate fiduciary tax filings.
Job responsibilities:
- Serve as a subject matter expert for fiduciary tax matters
- Support global trust teams on all tax matters including but not limited to estate and gift tax, generation-skipping transfer tax, fiduciary income tax and international transfer tax implications, and foreign tax reporting.
- Prepare and present substantive tax training to the Trusts and Estates practice
- Partner with team members to review and support preparation of various tax forms (e.g., 1041, 990, 5227, 706, 706-GST, etc.)
- Support non-resident alien (NRA) reporting and withholding for trust beneficiaries
- Review governing documents to ensure tax attributes are correct
- Review state filing positions for accuracy
- Identify and execute on automation opportunities
- Support ad hoc research and projects as required
