Tax Accountant Senior (Taxations, 1041)

About the team :

We are a team of tax professionals passionate towards US taxation. This team has intellectual experience in US trust taxation and various other forms. As a team, it is imperative for us to establish new transformation strategies and approach, develop tax structure for the betterment of the business. As an Accountant, you'll work as a part of the team helping to solve complex business issues from strategy to execution

What you will be doing :

• Prepare 1041, 990, 5227 and tax-exempt entity tax returns. Analyze and resolve all questions or problems that may arise associated with the returns and tax filings. Should Possess a working knowledge of all types of investment assets, including but not limited to, alternatives, derivatives, foreign securities, equities, fixed income, mutual funds, exchange-traded funds, and master limited partnerships. Review trusts and private foundations quarterly to make the most tax beneficial estimated tax payments.
• Work with the FIS accounting system and OneSource tax software to manage tax processing and prepare tax returns and filings. Demonstrate a high level of proficiency of tax technical knowledge. Work with internal Trust Operations departments to identify, correct, or improve operational processes and procedures related to the processing of tax returns.
• Respond to correspondence from the Internal Revenue Service and various state tax authorities regarding issues or examinations arising from the preparation of tax returns or other tax filings.
• Develop and maintain procedures surrounding tax activities and controls to ensure compliance with corporate, regulatory, and audit requirements. Review wash sales, capital changes, and other corporate actions that have tax or basis consequences Identifying and addressing client needs (US teams), building a strong professional network and cordial relationships
• Work with internal Trust Operations departments to identify, correct, or improve operational processes and procedures related to the processing of tax returns. Ability to discuss process issues, concerns with onshore counterparts and get them resolved.

Knowledge / Experience

• Rewarding experience in Form 1041 (Trust Returns), Estate Returns, Foundation Returns, Gift Tax Returns and 5227s. Sound technical knowledge with respect to US Trust Tax. Should be a team player and possess strong communication skills 5-8 years experience in the field of US Trust Taxation.

Skills

• Good understanding in MS office and OneSource accounting software. In-depth knowledge of accounting and taxation processes. Attention to detail with good analytical skills.
• Should be a team player.

Qualifications

• Minimum bachelors degree in accounting or finance. Competencies Fluent in English Excellent communication, presentation, and training skills. Knowledge of US tax laws.