Ultra-High Net Worth Tax Specialist

The Role

The Tax Specialist serves as a trusted resource for our client relationship team, coordinating complex tax matters, collaborating with trust officers, and ensuring each client's financial picture is accurate, organized, and optimized.

Responsibilities

• Serve as liaison between clients and outside CPA firms for individual, trust, estate, partnership, S corporation, and private foundation returns
• Gather and organize tax information from internal and external sources
• Follow up on open items and prepare schedules to support CPA firms in return preparation
• Manage estimated tax payments and track all federal and state payments and refunds
• Maintain the tax calendar to ensure timely completion of all compliance deadlines
• Roll forward partnership basis and maintain federal and state carryforward records (capital losses, passive losses, NOLs, and at-risk losses)
• Maintain depreciation schedules for relevant entities
• Review completed federal and state tax returns for accuracy and consistency before filing
• Collaborate with Trust Officers
• Advises trust officers on client-specific tax matters and income tax planning opportunities
• Support gifting transactions, including valuing publicly traded securities, coordinating appraisal data, and preparing gift tax return schedules
• Review Trust Accounting Income calculations to support required distributions
• Collaborate with the Wealth and Estate Strategy group on tax issues related to estate planning and clients' estates
• Accounting & Recordkeeping
• Build and maintain tax basis records for family groups across different entity types
• Oversee bookkeepers and review tax basis general ledgers and financial statements
• Maintain supporting documentation for all general ledger entries
• Reconcile discrepancies between internal and external reports
• Prepare financial reports, cash flow budgets, and ad hoc schedules as requested

Qualifications

• At least 5 years of experience in ultra-high net worth tax return compliance and planning across individual, trust, estate, partnership, corporate (C and S), and private foundation structures
• Proficiency in QuickBooks, Excel, Word, and Adobe Acrobat required
• Public accounting or family office experience preferred