Job Description
Posted Tuesday, June 11, 2024 at 5:00 AM
Arden Trust Company provides industry-leading personal trust services designed to support families and preserve relationships for generations. As a professional trustee, we offer a depth of experience, technology and resources to handle trusts effectively. Our approach is rooted in fostering a meaningful partnership with the family’s wealth management advisor to create a seamless trust experience. Together, we provide families with a holistic approach and specialized expertise, giving them peace of mind in every aspect of their financial lives.
As Arden’s Senior Trust Tax Officer, you will be part of a team of professionals providing the highest level of service to our clients. Your role will be to work closely with outside tax preparers and the trust administrative team to assure the efficient and timely tax filing of all fiduciary returns. Working collaboratively with the Chief Fiduciary Officer, Administration and Compliance teams, you will serve as the primary subject matter specialist for fiduciary, transfer tax and IRA issues.
ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, the individual must be able to perform each essential duty with a high degree of proficiency, achieving or exceeding specified goals.
- Resolve issues and answer questions related to fiduciary and transfer tax filing requirements.
- Research tax issues, notices, and resolve problems with the IRS and other taxing authorities.
- Provide expertise to Trust Officers and Regional Trust Managers regarding fiduciary tax questions and issues.
- Work closely with the assigned Trust Officer on all IRA accounts to review initial account opening documentation, distributions, transfers, calculation of RMDs and required filings.
- Serve as primary liaison with outside tax preparers.
- Responsible for coordination of all fiduciary tax preparation including annual fiduciary returns, estimated tax payments and foundation quarterly calculations and payments.
- Review the tax setup of all new accounts and ensure proper coding. When appropriate, collaborate with Trust Officers to determine changes in account tax classification.
- Provide NRA tax support internally and coordinate with outside tax preparers.
- Coordinate 1099 compilation.
- Exercise independent judgement and resolve issues to meet business objectives.
- Interpret policies, procedures, and compliance requirements.
- Identify and recommend opportunities for process improvement and risk control development.
SKILLS:
- Understanding of fiduciary taxation and filing requirements.
- Technical knowledge of inherited IRAs.
- Knowledge of trust and estate planning with ability to interpret trust documents. Knowledge of charitable foundations is a plus.
- Estate, gift, and Generation-Skipping Transfer Tax (GSTT) knowledge.
- Understanding of the UPIA.
- Grasp of state trust taxation issues.
- Partner and client servicing skills.
- Strong interpersonal and effective communication skills.
- Strong organizational skills and aptitude for detail.
- Teamwork and leadership orientation.
- Ability to easily adapt to fast paced work environment.
SUPERVISORY RESPONSIBILITIES: None
EDUCATION AND EXPERIENCE:
- Bachelor's degree: accounting or business degree preferred.
- Four or more years of fiduciary tax experience.
- Experience with AddVantage and OneSource a plus.
CERTIFICATES, LICENSES, REGISTRATION:
- CPA or Enrolled Agent, JD, CFP, CTFA beneficial.