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Other locations: Primary Location Only
Date: 7 Feb 2025
Requisition ID: 1579880
At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.
Tax Services Experienced Staff – 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
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 and to share information to support informed decision-making
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
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
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
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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