Tax Manager - FSO - Fiduciary Trust & Estate Tax Administration Services

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Tax Manager - 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!

FTEAS 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 Manager is part of the leadership team and plays an integral role in the overall strategy and success of the FTEAS business. Responsibilities include technical review of complex trust & estate fiduciary accountings; managing client relationships; business development; supervision, training, and development of staff; recruiting; maximizing operating efficiency; and maintaining profitability. Incumbent will ensure compliance with all EY processes and procedures including onboarding new clients and setting up new matters, complying with independence, eDocs, and technology initiatives.

Responsibilities

• Technical preparation and review of complex trust and estate accountings.

• Perform complex calculations and reconstruction when required.

• Research of state specific principal and income acts when needed.

• Responsible for managing client relationships and retaining client good will.

• Actively participate in business development including weekly sales calls, client presentations, marketing efforts and business development meetings.

• Build relationships with potential new clients. Attend industry conferences and other business development events.

• Commit to client satisfaction by providing timely and effective responses to client needs and compliance requirements, thereby enhancing long-term working relationships.

• Provide estimates for new accounting work and prepare all required documentation for new engagements. Work with the various EY channels to establish client and/or engagement codes for all business. Vet matters for Independence and oversee/ensure compliance with eDocs.

• Build 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 that fosters staff development.

• Complete self- study courses to maintain and enhance knowledge of fiduciary accounting and software applications, and to meet Firm continuing education requirements.

• Review and monitor engagement profitability, staff efficiency and workload assignments to meet deliverables.

• Work to ensure all projects are properly and timely billed and oversee follow-up with clients regarding bill collections.

Scope and Impact

• Decisions made by the Manger include the interpretation of trust 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.

• Providing pricing estimates, follow-up on outstanding proposals and monitoring engagement and staff for efficiencies to ensure the profitability of the business.

• 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 extensive industry experience, reviews and provides final sign-off on accountings based on established criteria prior to release to clients.

• 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.

Required Technical / Professional Skills & Competencies

• 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.

• Comfort and ability to research state specific principal and income acts and other relevant state laws.

• Strong management and leadership skills.

• Strong client interaction skills.

• Strong business development skills.

• Proficient with software applications, including Microsoft Word, Excel, company specific systems and fiduciary trust software.

• Thorough understanding of fiduciary tax law and concepts required to prepare fiduciary/court accountings.

Certification / Education

• Bachelor's degree required; graduate degree preferred; CPA or paralegal a plus

Professional Experience

• 8+ years of fiduciary/court accounting experience at a bank, law firm or CPA firm with a proven track record of successfully managing staff and engagements.

• Experience working on complex family office accountings and accountings in connection with litigation.

• Experience working with complex assets and large trusts and estates.

• Demonstrated excellent interpersonal, analytical, and problem-solving ability.

What we offer

We 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 $102,100 to $187,000. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $122,600 to $212,800. 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. 

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