Tax Specialist II

at First Busey Corporation in Urbana, Illinois, United States

Job Description

Position SummaryThe Tax Specialist is responsible for coordinating various aspects of tax reporting, the preparation of trust, individual and charitable tax returns, interacting with Wealth Advisors and clients on tax related matters, and for the maintenance of the tax preparation systems.
Duties & Responsibilities
Coordinate all aspects of quarterly estimated tax payments and year end taxes due for Fiduciary accounts; this includes review of payments prior to submitting them and communication with Wealth Advisors.
Analyze tax information, input data, and review return output for investment accounts.
Responsible for tax preparation of individual income tax returns.
Responsible for e-filing of various tax returns and the tracking of the filing status.
Administrative duties such as taking tax preparation fees, mailings to tax clients, etc.
Preparation of year-end tax reporting for household employees - W-2, W-3. Schedule H, IDES, etc.
Preparation of various fiduciary, charitable and personal income tax returns.
Provide ongoing tax training (procedures, coding, etc.) to Wealth Advisors, Assistants, and other associates.
Deal directly with federal and state taxing authorities to resolve issues on behalf of clients.
Assist in mentoring of Tax Specialist Level I.
Work with Advisors and Middle Office to ensure new trusts/estates are set up correctly for tax reporting.
Ensure tax information for accounts with fiscal year end is provided in a timely manner.
Education & Experience
Knowledge of:
Strong oral and written communication skills
Federal and state laws and regulations
Sophisticated software systems
Excellent time and project management skills

Ability to:
Learn and efficiently use the tax preparation software used for tax reporting documents and personal tax returns.
Assist with coordination of communication and documents between Wealth Advisors, Tax Team, and clients.
Prepare complex tax returns and research complex tax issues
Analyze and interpret numerical data
Perform duties with frequent interruptions and time pressures
Maintain mental concentration and visual attention for extended periods of time
Analyze and solve problems based on a broad knowledge of many factors and where advanced and technical concepts must be applied

Education and Training:
Requires Associates degree in Accounting.
Tax preparation experience or accounting background preferred.
Requires knowledge of Microsoft Office and Smartsheet.
CPA or Enrolled Agent designation required.
Prior tax preparation experience required.

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

EOE of Minorities/Females/Vets/Disability