Tax & IRA Coordinator

Old National Bank•Evansville, IN

1d•Onsite

About The Position

The Tax & Individual Retirement Account (IRA) Coordinator provides operational and technical support for fiduciary tax administration and Individual Retirement Accounts within the Wealth Management business. This role exists to ensure accurate tax classifications, timely and compliant tax reporting, and consistent application of tax and retirement regulations across fiduciary and IRA accounts. The position contributes to risk mitigation, regulatory compliance, and effective client service by serving as a key point of contact for tax and IRA‑related inquiries and by supporting internal partners with subject matter expertise.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field, or equivalent combination of education and relevant experience.
Minimum of two (2) years of experience in tax, accounting, trust administration, or a related financial services role.
Experience coordinating with internal partners and external service providers.

Nice To Haves

Working knowledge of fiduciary taxation and retirement account regulations preferred.
Public accounting or fiduciary services experience preferred.

Responsibilities

Coordinate fiduciary tax preparation activities by compiling, validating, and distributing required account information to external tax preparers.
Maintain tracking and oversight of fiduciary tax return data, including filing status, due dates, payments, refunds, and estimated tax requirements.
Interface with external tax vendors to address questions, clarify account activity, and resolve tax reporting issues.
Assist with the execution and tracking of electronic tax payments and the processing of tax refunds.
Review Internal Revenue Service notices, research issues, and determine appropriate resolution actions in coordination with internal partners.
Compile and analyze partnership‑related data required for accurate fiduciary tax reporting.
Review governing documents and account agreements to determine appropriate tax classifications and reporting requirements for new accounts.
Ensure accurate setup of tax classifications and reporting attributes within trust accounting and related systems.
Analyze tax reporting requirements following life events, such as the death of a grantor or beneficiary, and determine appropriate filing structures and tax year configurations.
Communicate tax determinations and required actions to internal partners and external tax preparers.
Determine appropriate tax reporting and tax preparation fee treatment for terminating accounts.
Review IRA account documentation and onboarding materials to confirm completeness and consistency with regulatory requirements.
Assist Wealth Advisors by reviewing IRA contribution and distribution documentation to confirm compliance with applicable tax rules.
Determine required minimum distribution (RMD) status based on account type, beneficiary information, and applicable tax regulations.
Review IRA system data for accuracy related to RMD calculations, contributions, and distributions.
Identify situations where tax regulations allow alternative or more favorable RMD treatment and communicate guidance to Wealth Advisors.
Provide technical guidance regarding IRA and retirement‑related tax matters by reviewing governing documents and applying Internal Revenue Service rules.
Serve as a point of contact for internal partners regarding fiduciary tax and IRA‑related questions.
Communicate status updates, open items, and issue resolutions to Wealth Management associates in a clear and timely manner.
Participate in client meetings, as requested, to support complex fiduciary tax or IRA discussions.
Collaborate with Middle Office, Operations, and Wealth teams to support accurate, consistent, and compliant account administration.