Location: Anywhere in Country.
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Tax Senior Manager - Financial Services Office - Fiduciary/Trust & Estate Tax Administration Services ("FTEAS")
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!
FTEAS provides fiduciary/court accounting services for trusts and estates serving banks, law firms, family offices, and individual and professional trustees throughout the United States. The Senior Manager is part of the leadership team and plays an integral role in the overall strategy and success of the FTEAS business. Responsibilities include technical review of complex trust & estate fiduciary accountings; managing client relationships; business development; supervision, training, and development of staff; recruiting; maximizing operating efficiency; and maintaining profitability. Incumbent will ensure compliance with all EY processes and procedures including onboarding new clients and setting up new matters, complying with independence, eDocs, and technology initiatives.
Your Key Responsibilities
Technical review of complex trust and estate accountings.
Managing teams to ensure accuracy and timely delivery of work products to clients.
Managing client relationships and retaining client good will.
Actively participate in business development including weekly sales calls, client presentations, marketing efforts and business development meetings.
Build relationships with potential new clients. Attend industry conferences and other business development events.
Commit to client satisfaction by providing timely and effective responses to client needs and compliance requirements, thereby enhancing long-term working relationships.
Provide estimates for new accounting work and prepare all required documentation for new engagements. Work with the various EY channels to establish client and/or engagement codes for all business. Vet matters for Independence and oversee/ensure compliance with eDocs.
Build and maintain strong relationships with internal EY groups to assist with cross-selling FTEAS and other EY lines of business.
Facilitate communications and provide assistance to team members by sharing knowledge, offering advice, and making decisions to meet engagement deliverables.
Develop operational efficiencies to deliver timely high-quality services and work products.
Contribute to a flexible, stable and team-oriented working culture that fosters staff development.
Complete self- study courses to maintain and enhance knowledge of fiduciary accounting and software applications, and to meet Firm continuing education requirements.
Review and monitor engagement profitability, staff efficiency and workload assignments to meet deliverables.
Work to ensure all projects are properly and timely billed and oversee follow-up with clients regarding bill collections.
Skills & Attributes for success
Decisions made by the Senior Manager include review of accountings, the interpretation of trust documents; reviewing and interpreting accounting concepts and state/local filing requirements; reviewing tax documents; reviewing bank, brokerage statements and other documents in connection with the preparation of accountings; developing and applying processes to meet the needs of the engagements and the business in general.
Providing pricing estimates, follow-up on outstanding proposals and monitoring engagement and staff for efficiencies to ensure the profitability of the business.
Responsible for compliance with EY practices and procedures ensures that FTEAS is operating within established EY guidelines, contributing to the success of the overall EY business.
Utilizing technical knowledge and extensive industry experience, reviews and provides final sign-off on accountings based on established criteria prior to release to clients.
Successful performance in this position is dependent on possessing strong technical skills; the management of client relationships and the engagements assigned; overseeing of staff; business development; and accuracy of pricing and delivering the engagements.
To qualify for this role
Bachelor's degree in Accounting, Finance, Business Administration or related discipline
CPA, EA, licensed Attorney, Professional Fiduciary or CTFA (Certified Trust and Fiduciary Advisor) certification
Excellent verbal and written communication skills.
Excellent technical fiduciary accounting skills.
Experienced at reviewing complex accountings and IRS Forms 706, 1041 and K-1s.
Understanding of complex investments and tax concepts.
Understanding of trust structures and trust terminology.
Ability to review and interpret trust agreements and estate planning documents.
Comfort and ability to research state specific principal and income acts and other relevant state laws.
Strong management and leadership skills.
Strong client interaction skills.
Strong business development skills.
Proficient with software applications, including Microsoft Word, Excel, company specific systems and fiduciary trust software.
Thorough understanding of fiduciary tax law and concepts required to prepare fiduciary/court accountings.
Other skills required
10+ years of fiduciary/court accounting experience at a bank, law firm or CPA firm with a proven track record of successfully managing staff and engagements.
Experience working with complex assets and large trusts and estates.
Experience working with family offices a plus.
Demonstrated excellent interpersonal, analytical, and problem-solving ability.
What we offer you
At EY, we'll develop you with future-focused skills and equip you with world-class experiences. We'll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more .
We offer a comprehensive compensation and benefits package where you'll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $126,600 to $289,000. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $151,900 to $328,400. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.
Under our flexible vacation policy, you'll decide how much vacation time you need based on your own personal circumstances. You'll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
Are you ready to shape your future with confidence? Apply today.
EY accepts applications for this position on an on-going basis.
For those living in California, please click here for additional information.
EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.
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