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 you will be part of the Tax Technical and Advisory 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 mattersSupport 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 practicePartner 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 beneficiariesReview governing documents to ensure tax attributes are correctReview state filing positions for accuracyIdentify and execute on automation opportunitiesAd hoc research and projects and required

Required qualifications, capabilities, and skills

7 years of relevant tax experience at a corporate fiduciary, Big 4 public accounting firm, or law firm.BA/BS or equivalent.Expertise in trust and estate taxation, including Forms 1041 and 706.Expertise in charitable trust taxation, including Forms 990 and 5227.Experience with foreign informational filings, including Forms 3520, 3520-A, 5471, and 5472.Experience with US tax reporting for foreign trusts, including Form 1040-NR.Superior written and verbal communication skills.Excellent organizational skills with the ability to manage multiple tasks.Proficiency in MS Office Suite.Willingness to work beyond core business hours as needed.Risk and control mindset.

Preferred qualifications, capabilities, and skills

Licensed JD or CPA in any jurisdictionLLM in tax or other advanced degree or professional certificationEstate or financial planning experienceExperience with implementing Alteryx, Tableau and GenAI into existing processes and workflowsExperience with tax reporting requirements for retirement plans, including Forms 990-T and 5330