TAX SENIOR - FSO - FIDUCIARY TRUST & ESTATE TAX ADMINISTRATION SERVICES
Company: EY
Location: Los Angeles
Posted on: September 29, 2024
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Job Description:
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.
Join us and build an exceptional experience for yourself, and a
better working world for all.The exceptional EY experience. It's
yours to build.EY focuses on high-ethical standards and integrity
among its employees and expects all candidates to demonstrate these
qualities.Tax Services Senior - Financial Services Office -
Fiduciary/Trust & Estate Tax Administration Services ("FTEAS"):
This position could be located in NY, NJ, CT, MA, TN, CA, IL.EY is
a leader in serving the global financial services marketplace and
the only professional services firm with a separate business unit
dedicated to the financial services industry - the Financial
Services Organization (FSO). Our focused model and bold ambition
have put us at the center of the events that continue to reshape
and redefine our industry, working side by side with a range of
clients from our most venerable institutions to dynamic new
entrants across Banking and Capital Markets, Wealth and Asset
Management, Insurance, and Real Estate, Hospitality and
Construction. Our purpose is to help build a financial services
industry in which financial institutions are trusted and flourish,
and the global economy is healthy, growing and secure. If you have
a passion for rallying together to solve complex challenges, then
come join our dynamic FSO team!The OpportunityFTEAS provides
fiduciary/court accounting services for trusts and estates serving
banks, law firms, family offices, and individual and professional
trustees throughout the United States. The Senior plays an integral
role in the success and growth of the FTEAS business.
Responsibilities include preparation of complex trust & estate
fiduciary accountings; managing client relationships; maximizing
operating efficiency; and maintaining profitability. Incumbent will
ensure compliance with all EY processes and procedures and when
requested, assist with special projects.Your key
Responsibilities:As a Senior in FTEAS, you will be responsible for
the preparation of complex trust and estate accountings and perform
complex calculations and reconstruction when required. You will
also research of state specific principal and income acts when
needed. Other responsibilities include managing client
relationships and retaining client good will, and participation in
business development initiatives, when requested and build
relationships with potential new clients.Skills and attributes for
success:Commitment to client satisfaction by providing timely and
effective responses to client needs and compliance requirements,
thereby enhancing long-term working relationships.Building and
maintain strong relationships with internal EY groups to assist
with cross-selling FTEAS and other EY lines of business.Facilitate
communications and provide assistance to team members by sharing
knowledge, offering advice, and making decisions to meet engagement
deliverables.Develop operational efficiencies to deliver timely
high-quality services and work products.Contribute to a flexible,
stable and team oriented working culture.Complete self- study
courses to maintain and enhance knowledge of fiduciary accounting
and software applications, and to meet Firm continuing education
requirements.Meet all required deliverable deadlines.Work to ensure
all projects are properly and timely billed and oversee follow-up
with clients regarding bill collections.To Qualify for the role you
must have:Bachelor's degree in Accounting, Finance, or similar
disciplineCPA or paralegal is a plus8+ years of fiduciary/court
accounting experience at a bank, law firm or CPA firm.Experience
working with complex assets and large trusts and estates.Experience
working with family offices a plus.Demonstrated excellent
interpersonal, analytical, and problem-solving ability.Willingness
to travel as needed, and working in a balanced hybrid
environmentIdeally you will also have:Excellent verbal and written
communication skills.Excellent technical fiduciary accounting
skills.Experienced at reviewing IRS Forms 706, 1041 and
K-1s.Understanding of complex investments and tax
concepts.Understanding of trust structures and trust
terminology.Ability to review and interpret trust agreements and
estate planning documents.Ability to research state specific
principal and income acts and other relevant state laws.Strong
client interaction skills.Proficient with software applications,
including Microsoft Word, Excel, company specific systems and
fiduciary trust software.Understanding of fiduciary tax law and
concepts required to prepare fiduciary/court accountings.What we
look forDecisions made by the Senior include the review of prior
accountings, interpretation of trust and estate documents;
reviewing and interpreting accounting concepts and state/local
filing requirements; reviewing tax documents; reviewing bank,
brokerage statements and other documents in connection with the
preparation of accountings; developing and applying processes to
meet the needs of the engagements and the business in
general.Responsible for compliance with EY practices and procedures
ensures that FTEAS is operating within established EY guidelines,
contributing to the success of the overall EY business.Utilizing
technical knowledge and industry experience, prepare and
self-review all accountings before submission to the Manager or
Senior Manager for final review and sign-off.Successful performance
in this position is dependent on possessing strong technical
skills; the management of client relationships and the engagements
assigned; overseeing of staff; business development; and accuracy
of pricing and delivering the engagements.What we offerWe offer a
comprehensive compensation and benefits package where you'll be
rewarded based on your performance and recognized for the value you
bring to the business. The base salary range for this job in all
geographic locations in the US is $75,200 to $124,100. The salary
range for New York City Metro Area, Washington State and California
(excluding Sacramento) is $90,200 to $141,000. Individual salaries
within those ranges are determined through a wide variety of
factors including but not limited to education, experience,
knowledge, skills and geography. In addition, our Total Rewards
package includes medical and dental coverage, pension and 401(k)
plans, and a wide range of paid time off options. Join us in our
team-led and leader-enabled hybrid model. Our expectation is for
most people in external, client serving roles to work together in
person 40-60% of the time over the course of an engagement, project
or year. Under our flexible vacation policy, you'll decide how much
vacation time you need based on your own personal circumstances.
You'll also be granted time off for designated EY Paid Holidays,
Winter/Summer breaks, Personal/Family Care, and other leaves of
absence when needed to support your physical, financial, and
emotional well-being.Continuous learning: You'll develop the
mindset and skills to navigate whatever comes next.Success as
defined by you: We'll provide the tools and flexibility, so you can
make a meaningful impact, your way.Transformative leadership: We'll
give you the insights, coaching and confidence to be the leader the
world needs.Diverse and inclusive culture: You'll be embraced for
who you are and empowered to use your voice to help others find
theirs.EY accepts applications for this position on an on-going
basis. If you can demonstrate that you meet the criteria above,
please contact us as soon as possible.EY exists to build a better
working world, helping to create long-term value for clients,
people and society and build trust in the capital markets.Enabled
by data and technology, diverse EY teams in over 150 countries
provide trust through assurance and help clients grow, transform
and operate.Working across assurance, consulting, law, strategy,
tax and transactions, EY teams ask better questions to find new
answers for the complex issues facing our world today.For those
living in California, please click here for additional
information.EY is an equal opportunity, affirmative action employer
providing equal employment opportunities to applicants and
employees without regard to race, color, religion, age, sex, sexual
orientation, gender identity/expression, pregnancy, genetic
information, national origin, protected veteran status, disability
status, or any other legally protected basis, including arrest and
conviction records, in accordance with applicable law.EY is
committed to providing reasonable accommodation to qualified
individuals with disabilities including veterans with disabilities.
If you have a disability and either need assistance applying online
or need to request an accommodation during any part of the
application process, please call 1-800-EY-HELP3, select Option 2
for candidate related inquiries, then select Option 1 for candidate
queries and finally select Option 2 for candidates with an inquiry
which will route you to EY's Talent Shared Services Team (TSS) or
email the TSS at ssc.customersupport@ey.com
Keywords: EY, Los Angeles , TAX SENIOR - FSO - FIDUCIARY TRUST & ESTATE TAX ADMINISTRATION SERVICES, Accounting, Auditing , Los Angeles, California
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