at Northern Trust Company in Chicago, Illinois, United States
Job Description
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
SENIOR FIDUCIARY TAX PREPARER, FIDUCIARY INCOME TAX SERVICES (FITS)
OH: 104627
The Global Client Tax Services Group provides tax preparation and reporting services to affluent individuals and families, foundations, endowments, estates and corporations. This position is responsible for preparing tax returns including 1041s for trusts and estates and 1099s for agencies and IRAs. You will interact with trust administrators, clients, legal and tax professionals, colleagues, and tax authorities on matters related to federal and state fiduciary income taxes. You may review tax returns prepared by others and conduct training courses.
Major Duties
1. Manage an account load requiring the review of trust documents and transactions, the preparation and year-round maintenance of federal and state tax returns and forms (e.g., 1041, 1099, 5498, 3520) and estimated taxes for trust accounts.
2. Interact with clients and their advisors, including personal trust administrators, attorneys, and accountants.
3. Prepare and consult on tax products, compliance issues, and planning and research projects.
4. Assist in the development of department policies and procedures based on knowledge of industry best practices, the regulatory environment, client expectations and evolving trends.
5. Provide solutions to complex tax-related problems. These solutions often require significant knowledge of accounting and tax conventions, as well as quantitative analysis.
Knowledge and Skills
- Extensive knowledge of fiduciary taxation, including its relationship to Generation-Skipping Transfer Tax (GSTT), estate tax, personal tax, and partnership (pass-through) reporting. This knowledge should be enhanced with an understanding of ESBTs, QSSTs, unitrusts, DNI, TAI, as well as state trust taxation.
- Creative problem-solver that operates within applicable regulations
- Skillful communicator in every medium
- Work both independently and as part of a team with professionals at all levels
- Intellectual curiosity, initiative, personal organization, motivation, and ownership of one's work
- Share and collaborate effectively with others
The successful candidate will benefit from having the following competencies:
- 5+ years of fiduciary tax experience preferred (minimum of three years is required)
- CPA, Enrolled Agent or Master of Science in Taxation (MST) candidates are preferred
- Experience with Thomson ONESOURCE and/or CCH ProSystem fx Tax is a plus
- Experience in IRS audits is a plus
- Public accounting experience is a plus
About Northern Trust:
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
