Private Client Tax Associate (PCS)

Job description

Our client is a large multi-national independent wealth advisory firm with offices in 50 states and 37 countries around the globe. Due to tremendous internal growth in the Baltimore office our client is looking to a additional staff to their Private Client Services (PCS) tax team. This a great opportunity to join an industry leading firm and leverage your public accounting skills.

This Private Client Tax Associate reports to the Head of Fiduciary Tax Services and will be responsible for supporting the Strategic Advisory Team's initiatives.

Primary Job Responsibilities:

• Organize and evaluate tax return data for family limited partnerships, trusts and private foundations.
• Prepare detailed reconciliations of year-end, quarterly and monthly tax and financial information for third party accountants.
• Facilitate analysis of capital account reconciliations and special allocations within multi-tiered partnership entities with family office professionals and outside tax accountants.
• Effectively communicate and coordinate with outside tax accountants to review and analyze federal and state fiduciary tax and informational returns for non-grantor trusts, private foundations, supporting organizations and charitable split-interest trusts.
• Communicate with CPAs and attorneys to analyze and answer questions concerning partnership K-1s, trust beneficiary K-1s and grantor tax letters.
• Facilitate the timely filing of tax returns and execution of tax payments on the client's behalf.
• Maintain correspondence with the IRS and various state taxing authorities.
• Coordinate and communicate with private client relationship advisors, strategic advisors, portfolio managers and outside custodians to achieve optimal client service.
• Recommend tax efficient strategies by researching federal, state, and local taxation issues.
• Provide additional expertise in the review, interpretation, and implementation of new or revised tax laws and be able to explain tax law and implications to others.

Professional Qualifications:

• Bachelor's degree in accounting, finance or another related program.
• CPA license or significant progress towards licensure (2+ passed sections of the CPA Exam) required.
• Must have 2-4 years of tax experience in public accounting, a family office or with a financial institution's private client business.
• Prior experience with partnership tax accounting, private equity and investment partnerships.
• Exposure to capital account reconciliations and allocation tracking for complex, multi-tiered partnerships.
• Experience analyzing and researching partnership operating agreements.
• Familiarity with researching trust instruments a plus.
• Strong accounting and analytical skills.
• Proficiency with tax research.
• Excellent interpersonal, oral and written communication skills.
• Ability to work in an office location with flex schedule.
• Ability to comply with our COVID-19 vaccination policy.