Supervisor, Trust Tax

Hancock Whitney • Mobile, AL

1d

About The Position

The Supervisor, Trust Tax provides timely and accurate tax services for Trust and Asset Management through supervising tax filing requirements, and being a tax law and accounting resource. Generally, works with highly complex fiduciary accounts and provides technical assistance to less experienced staff.

Requirements

• Bachelor’s Degree preferably in Business, Finance, or Accounting.
• 5+ years of tax accounting experience required preferably in Trust Administration or related field.
• Thorough understanding of Trust Tax and Financial Accounting Rules as well as the ability to apply these principles in order to perform financial analyses and to solve accounting problems required.
• Must have advanced and current knowledge of federal tax laws, regulations and advisories.

Nice To Haves

• 7+ years of related experience preferred.
• Licensed Certified Public Accountant Preferred.
• Advanced knowledge of Trust products and administration.

Responsibilities

• Prepares, supervises preparation, and reviews complex tax returns and other filing requirements.
• Reviews income and expense postings for accuracy and determines their proper tax character.
• Reallocates mutual fund income among the various types of taxable and nontaxable income.
• Supervises calculation of quarterly estimated tax payments for all fiduciary accounts.
• Reviews and prepares tax return extension forms.
• Reviews and responds to IRS notices and correspondences in a timely manner and ensures a resolution of the issue.
• Reviews and interprets relevant tax laws.
• Researches and reviews research of Trust, estate and nonprofit tax law issues, applying research results, and writing tax memoranda.
• Recognizes tax related issues on all personal Trust accounts.
• Properly addresses special issues of deceased individuals and reviews preparation of date of death valuation reports for basis step-up.
• Maps data from the Trust accounting system to the Trust tax preparation system.
• Uses knowledge of Trust accounting and tax systems to ensure proper account coding.
• Provides advice and guidance to relationship managers and administrators on personal Trust accounts.
• Uses understanding of Trust tax and Financial Accounting rules to perform financial analysis and solve accounting problems as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level