Trust Tax Associate

Baird
US - Kentucky - Louisville
December 26, 2024

The experts at Baird Trust offer a broad array of customizable trust and investment management solutions to help clients build, and protect wealth. Whether they're setting up a trust that provides wealth for the next generation or creating a fund for their philanthropic efforts, our trust officers, and portfolio managers help tailor our client's plans to meet current needs and their future goals. To learn more about Baird Trust, click here .

Responsible for interpretation and application of Internal Revenue Service (IRS) tax regulations to client accounts. Responsible for coordinating all tax reporting with Trust Company associates. Act as primary service partner liaison with CPAs for preparation and filing of various tax forms including processing of taxes due and refunds.

Essential Duties and Responsibilities:

Assure compliance with tax related issues
Apply policies, procedures, regulations, etc. to assure compliance with tax regulations and management of tax liability oversight/control
Review various tax forms (1041, 990, 706, 5227, W-8, W-9, 1098, 1099, 1042, etc.) prepared by service partners
Provide support for inquiries regarding various tax forms and coordinate or provide resolution within guidelines of IRS regulations
Research, analyze and reconcile items, including communication with the IRS, for escalated tax and processing issues
Prepare, communicate, and process various reports relating to tax payments, tax fees, and cash requirements
Develop/cultivate networking contacts with peers and service partners
Identify and communicate resource needs for systems and workflow changes required to meet continuing objectives for business, regulators, and compliance
Perform other duties and projects as assigned.

Knowledge, Skills, and Abilities:Knowledge of:

Accounting and tax reporting concepts, practices, and procedures, including but not limited to fiduciary income tax, federal and state death tax, individual income tax, and generation skipping tax
Working knowledge of trust documents and wills/codicils as pertains to fiduciary income tax
Fundamental investment concepts, practices, procedures, and tax reporting infrastructure in the securities industry
Microsoft Office products
Various job functions within the department

Skills in:

Ability to conduct research independently
Ability to create and edit correspondence and documentation
Gathering and compiling information in relevant and efficient terms
Ability to prioritize and multi-task competing objectives in a processing, service-driven and deadline-oriented environment
Effective customer service, interpersonal, problem-solving, planning/organizational, oral/written communications, and administrative skills to interact with all levels of management, other associates, and counterparts at other firms

Ability to:

Operate standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases
Make administrative and procedural decisions and judgments
Detailed oriented and self-driven

Educational/Previous Experience Recommendations:

Four year degree in Accounting, Business or equivalent
Two to three years relevant experience in trust industry, tax preparation or an equivalent combination of education and/or experience preferred

Licenses/Certifications:

CPA, EA Preferred but not required.
• LI-TA1

Commitment to Inclusion & Diversity

Baird is committed to inclusion & diversity for our clients, our associates and the communities where we live and work. This commitment stems from our culture of integrity, genuine concern for others and respect for the individual. We view inclusion & diversity as an ongoing journey - one of shared responsibility, continuous improvement and a focus on progress. We invite you to join us as we work together to foster an environment where diversity unites rather than divides us.

Read the full job description and apply online on the recuiter's web-site

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