MANAGER, TAX (WEALTH MANAGEMENT, PERSONAL TAX SERVICES)
OH: 101807
The Global Client Tax Services Group performs tax return preparation in connection with a diverse client base, including U.S. and non-U.S. corporations, affluent individuals and families, foundations, endowments, trusts, and estates. This leadership position will primarily focus on U.S. individual income tax (Form 1040) and gift tax (Form 709) compliance and consulting. Candidate will accomplish results through the management of approximately one dozen professionally licensed tax professionals.
Major Duties
• Ensure the accurate preparation and timely delivery of IRS Forms 1040 and 709 for clients of Northern Trust's Personal Tax Services ("PTS") department.
• Oversee the onboarding of new PTS clients, reviewing prior year returns, assessing risk to Northern Trust and/or "fit" to our client service model.
• Oversee and manage billing for tax services, reviewing our fee schedule on a periodic basis
• Represent clients in federal or state examinations of returns, monitor notices received and responses to same.
• Ensure changes in compliance and regulatory requirements are integrated into policies, programs, and processes.
• Drive process improvements; enable streamlining to achieve operational efficiencies and the development of performance metrics.
• Present and articulate complex tax matters to clients and cross-functional audiences.
• Supervise, develop, mentor, and train staff.
• Participate in industry forums on matters of U.S. income & gift tax reporting and contribute to initiatives aimed at making tax rules clearer and more easily manageable.
• Manage quarterly and annual payroll reporting requirements for certain relationships (as needed).
• Oversee/administer use of the EFTPS system for remittance of federal payments for PTS clients.
Knowledge and Skills
• Extensive experience with preparation of income tax returns for high-net-worth individuals and beneficiaries of trusts, including any required gift tax returns
• Knowledge of CCH Axcess Tax and Axcess Practice strongly preferred
• Knowledge of Thomson Reuters ONESOURCE Trust Tax (for sourcing of 1099s, K-1s, and grantor letters) is a plus
• Experience preparing tax returns and meeting multiple filing deadlines
• Ability to research and interpret U.S. tax rules as set forth in the Internal Revenue Code, U.S. Treasury Regulations, and other IRS guidance
• Strong familiarity with income tax filing requirements for individuals across the United States
• Familiarity with US income tax filing requirements for US citizens living abroad (chiefly Canada, the United Kingdom, and France)
• Excellent oral and written communication skills needed to explain complex tax technical requirements to internal stakeholders and sophisticated clients
• Strong knowledge of gift tax, estate tax, and generation-skipping transfer tax for US residents
• Experience in Form 1099 tax reporting, in grantor-type tax treatment for trusts, and in preparing and reviewing guardianship tax returns
• Strong commitment to process improvement and controls through utilizing digitation tools
• Move easily between big picture thinking and managing relevant detail
• Experience with Microsoft SharePoint/ PowerBI reporting tools is a plus
The successful candidate will benefit from having the following competencies:
• CPA or Enrolled Agent (EA) designation required
• Bachelor's degree from an accredited college/university and J.D., LL.M. in Taxation, and/or Master's in Taxation (MST) preferred
• Major financial institution or accounting firm background required
• A minimum of 5 years of relevant tax preparation/review experience required
• Prior tax management experience strongly preferred
• Active participation in professional organizations such as the AICPA, American Bar Association, and/or state societies preferred
• Demonstrated history of service, expertise, and integrity
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.
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.
https://www.northerntrust.com/content/dam/northerntrust/pws/nt/images/careers/ntawards.jpg
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.