Trust Tax Administrator

MidFirst Bank•Denver, CO

About The Position

The Trust Tax Administrator works to ensure the complete, accurate and timely preparation and filing of tax documents for MidFirst Wealth Management (Forms: 1098, 1099-MISC, 1099-NEC, 1099-DIOB, 1099-R, 5227, 5498, 1041, 1042, and 990PF). This includes but is not limited to: oversight and coordination of tax compliance for Wealth Management; and interaction and communication with the tax preparers and the taxing authorities, as well as MidFirst employees, regarding specific tax and account issues. The position also requires the research of specific account tax issues and must demonstrate an intermediate to advanced knowledge of tax laws, regulations and processes relating to the products supported by Wealth Management. As needed, this position may assume additional account administration and research responsibilities to support Wealth Management and its clients.

Requirements

Intermediate/Advanced knowledge of tax issues related to trust and estate services and applicable laws
Five years or more of working experience in trust and estate administration, with emphasis on tax issues related to trust and estate administration
Working knowledge of Microsoft Office and Windows operating environment
Working knowledge of trust accounting and related systems
Advanced proficiency in verbal and written communication
Excellent attention to detail
Ability to be effective under pressure
Advanced ability to prioritize and multi-task
Ability to professionally interact with all levels of employees and clients
Ability to respect and hold confidential information
Effectively work independently as required
Establish priorities and follow through to completion
Dependable, cooperative, flexible

Nice To Haves

Bachelor’s Degree preferred, preferably in Accounting, Finance or Business Administration
Post-graduate work in accounting or law is preferable
CPA or JD preferred
CTFA or other trust certification desirable

Responsibilities

Reviewing tax reporting documents prior to filing with the taxing authorities for completeness and accuracy
Reviewing tax documents to be sent to clients for completeness and accuracy prior to mailing
Keep current on all tax laws and regulations related to the administration of estates, trust and investment accounts
Acquire and apply knowledge of tax issues in handling moderately complex accounts (e.g. irrevocable, IRA, distributing trusts, trust agency, etc.)
Review legal documents, correspondence and forms and ensure compliance with tax regulations
Provide recommendations to management regarding changes to transaction processing and account maintenance to ensure more accurate reporting to the taxing authorities
Act as educator and mentor to Wealth Management and MidFirst employees regarding tax and related trusts, estate, and investment accounts