Fiduciary Tax Team Lead

Bank of America•Chicago, IL

4d•$106,500 - $133,200•Onsite

About The Position

At Bank of America, the Fiduciary Tax Team Lead guides a diverse team of tax associates delivering fiduciary tax compliance and technical tax expertise for Private Bank clients. The role ensures tax responsibilities for the team’s assigned accounts are fulfilled accurately and on time, while meeting client-focused service standards and complying with bank policies and federal and state tax laws. The Team Lead addresses escalated fiduciary tax and accounting issues, improves business processes, and manages risk. The position leads the seasonal tax reporting process, coordinates and communicates team and department tasks, and implements federal and state tax reporting requirements. It oversees service standards, tax return accuracy, and client communications, while promoting continuous improvement, effective process management, risk identification and remediation, and collaboration across the organization. This is a first-shift role with a stated workweek of 40 hours. The posted annual salary range is $106,500–$133,200, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including access to paid time off.

Requirements

High school diploma, GED, secondary school, or equivalent.
Skills in coaching; interpreting relevant laws, rules, and regulations; issue management; policies, procedures, and guidelines management; risk management; business operations management; business process analysis; client management; learning delivery; record keeping; client experience branding; office administration; process management; succession planning; and tax administration.

Responsibilities

Lead the seasonal delivery of accurate and timely tax reporting to clients and taxing authorities by organizing and communicating tax-season tasks to the team and department.
Implement new and existing federal and state tax reporting requirements to ensure timely and accurate reporting.
Make decisions and oversee prescribed service standards, tax return accuracy, and client-focused communications.
Promote continuous improvement and management of end-to-end processes.
Proactively identify and control risks, supporting strong self-identification and remediation practices.
Lead by example, build partnerships, and connect with others across the organization to achieve results.
Mentor a diverse team of tax associates.
Ensure assigned-account tax responsibilities are fulfilled accurately and on time, in compliance with bank standards, policies, and federal and state tax laws.
Remediate escalated fiduciary tax and accounting issues and improve business processes.