Tax Senior Analyst - FSO - Fiduciary/Trust Tax Services

This position could be located in FL, PA, MA, NY, NJ, IL, TX.

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

The opportunity 

When you join our Fiduciary/Trust Tax Services team, you’ll be at the heart of EY’s critical mission to build a better working world by applying your knowledge, skills and experience in assisting clients in meeting their business objectives. You will learn, grow and contribute — building new relationships and discovering the satisfaction that comes with producing high-quality, valued work and advice. 

Your key responsibilities 

You’re likely to spend your time on a diverse array of projects, responsibilities and tasks, supporting client engagements by participating in day-to-day interactions with team members, providing a quality work product and driving delivery of services to meet deadlines.  You will serve as a trusted advisor and role model for our people across multiple teams, research tax law issues, provide advice and assistance to help clients understand risks and potential needs for additional tax advisory or compliance services.   

• Performing tax research and preparing written tax advice 
• Preparing tax information statements and tax returns including complex Forms 1041 and state income tax returns for trusts and estates 
• Reviewing and interpreting wills and trust documents to determine fiduciary tax reporting requirements confirm beneficiary allocations and identify matters that may require additional research and review by a subject matter professional such as determination of state tax nexus.   
• Analyzing proper tax treatment of various transactions, learning to identify, review and confirm accuracy in tax reporting  
• Translating complex data from a range of sources into client-ready insights and deliverables to support informed decision-making concerning required tax reporting 

You will support the Fiduciary/Trust Tax Services practice with the preparation and delivery of tax information statements, tax returns and related reporting for agency, custody and fiduciary accounts for tax compliance engagements with banks, wealth management firms, trust companies and law firms.  You’ll be working in a highly collaborative culture, where listening to and sharing information with colleagues is an essential part of the role.  

Skills and attributes for success 

• Collaborate with clients and colleagues to analyze tax issues, determine alternative methods of problem-solving and arrive at recommendations 
• Support managers, senior managers and PPEDs with reconciling returns, e-filing returns, and validating data in the tax system 
• Communicate with client tax liaisons, client trust administration teams and client trust officers to gather required information, to share information to support informed decision-making, and obtain instruction or authorization necessary for timely, accurate production of tax information statements, tax returns and related reporting 
• Support billing and collections for tax compliance and related services and participating in the process of contract renewals and new business pursuits 
• Communicate complex tax issues to colleagues, clients and non-tax professionals to enable evaluation and review of tax compliance requirements central to fulfilling fiduciary tax reporting obligations 
• Responsible for training less experienced team members on administrative tasks and tasks supporting the tax compliance process 

To qualify for the role you must have 

• Bachelor degree or equivalent experience (Accounting, Business, Finance or equivalent degree preferred) 
• Minimum 2 years of experience in a professional services or tax services organization and preparing federal and state fiduciary income tax returns  
• Proficient in computer software applications, including Microsoft Word, Excel and PowerPoint, knowledge of trust accounting systems and tax software applications, including ONESOURCE™ Trust Tax 
• Experience preparing income tax returns with complex pass-through investments, read and interpret trust agreements 
• Ability to work effectively both independently and with a team, assist with a variety of projects of varying degrees of complexity 
• Knowledge of taxation, trusts and estates, wealth planning and fiduciary income taxation 
• Demonstrated  technical expertise in fiduciary accounting matters 
• Build effective relationships with our clients, understand their unique needs to provide tailored services.  Manage workflow effectively to comply with clients’ needs and expectations and complete special projects 
• Excellent organizational and verbal/written communication skills  
• Commit to periodic travel (10-15%) 

Ideally, you’ll also have 

• CPA or EA certification or membership in The Bar desired, but not required 
• Thorough knowledge tax compliance, information reporting rules, fiduciary and/or income tax law and concepts required to prepare US federal and state tax information statements and tax returns  
• Strong analytical skills and attention to detail 
• The ability to adapt your work style to work with both internal and client team members 

What we look for 

We’re interested in tax professionals with a genuine interest in providing outstanding services to some of the world’s most influential people. Working with people from all backgrounds, from executives and entrepreneurs to investors and families, you’ll use your experience and status as a trusted advisor to maintain and further our reputation for excellence. 

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.