Wealth Management Trusts & Estates Tax Operations, Executive Director

JPMorgan Chase & Co.•Chicago, IL

43d

About The Position

Join our Wealth Management team as the Trusts and Estates Tax Operations Executive Director, where you'll play a pivotal role in supporting our Global Trusts & Estates practice and WM Banking teams. The Trusts & Estates and Tax Operations team within Wealth Management (WM) supports the Global Trusts & Estates practice and WM Banking teams by coordinating and completing various domestic and foreign fiduciary tax reporting obligations. The team ensures all federal, state, and foreign filings are completed timely and accurately by the firm's third-party tax vendor. The incumbent will be a key member of the Tax Technical & Advisory team located in Chicago, IL, and Newark, DE, and will be experienced in sub-specialty areas including state taxation of trusts, GST, estate tax, tax-exempt trusts, foreign tax reporting obligations (UK, France, Israel, etc.), and US tax reporting for foreign trusts. As the Trusts and Estates Tax Operations Executive Director within the Tax Technical and Advisory team, you will support global teams of trust professionals from our locations in Chicago, IL, and Newark, DE. You will collaborate closely with internal teams and the firm's third-party accounting firm to review and establish tax policies, provide insights on complex planning and compliance scenarios, and evaluate the effects of evolving domestic and international tax compliance regulations. Additionally, you will work directly with trust officers, clients, family offices, and external advisors to ensure the accuracy and completeness of fiduciary tax filings.

Requirements

10+ years of relevant tax experience at a Big 4 public accounting firm, law firm, or corporate fiduciary
BA/BS or equivalent; Licensed JD or CPA in any jurisdiction
Expertise in trust and estate taxation, including Forms 1041 and 706
Expertise in charitable trust taxation, including Forms 990 and 5227
Expertise in foreign informational filings, including Forms 3520, 3520-A, 5471, and 5472
Expertise in US tax reporting for foreign trusts, including Form 1040-NR, US beneficiary statements, and UNI/DNI calculations
Expertise in state taxation rules and requirements for trusts and estates; Experience with NRA reporting and withholding
Superior written and verbal communication skills; Ability to effectively communicate with junior associates and senior leaders
Excellent organizational skills; Ability to manage multiple tasks and reprioritize daily
Proficiency in MS Office Suite; Willingness to learn and adapt to new technology, systems, and processes
Willingness to work beyond core business hours as needed; Ability to travel on an ad hoc basis; Risk and control mindset

Nice To Haves

LLM in tax or other advanced degree or professional certification
Estate or financial planning experience
Experience with implementing Alteryx, Tableau and GenAI into existing processes and workflows
Experience with tax reporting requirements for retirement plans, including Forms 990-T and 5330

Responsibilities

Serve as a subject matter expert for fiduciary tax matters
Support global trust teams on all tax matters including but not limited to estate and gift tax, generation-skipping transfer tax, fiduciary income tax and international transfer tax implications, and foreign tax reporting.
Prepare and present substantive tax training to the Trusts and Estates practice
Partner with team members to review and support preparation of various tax forms (e.g. 1041, 990, 5227, 706, 706-GST, etc.)
Support non-resident alien (NRA) reporting and withholding for trust beneficiaries
Review governing documents to ensure tax attributes are correct
Review state filing positions for accuracy
Identify and execute on automation opportunities
Ad-hoc research and projects

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