Tax Specialist II
Company: Busey Bank
Location: Bloomington
Posted on: October 20, 2024
Job Description:
Position SummaryThe Tax Specialist II is responsible for
coordinating various aspects of tax reporting, the preparation of
trust, individual and charitable tax returns, interacting with
Wealth Advisors and clients on tax related matters, and for the
maintenance of the tax preparation systems.Duties &
Responsibilities
- Assist in the Coordination of all aspects of quarterly
estimated tax payments and year end taxes due for Fiduciary
accounts; this includes review of payments prior to submitting them
and communication with Wealth Advisors.
- Analyze tax information, input data, and review return output
for investment accounts.
- Responsible for tax preparation of trust and fiduciary returns,
including tax information letters sent to trust clients, returns
for charitable entities, and individual income tax returns.
- Responsible for e-filing of various tax returns and the
tracking of the filing status.
- Work with Tax Team to provide ongoing tax training (procedures,
coding, etc.) to Wealth Advisors, Assistants, and other associates.
- Deal directly with federal and state taxing authorities to
resolve issues on behalf of clients.
- Assist in mentoring of Tax Specialist Level I.
- Work with Advisors and Middle Office to ensure new
trusts/estates are set up correctly for tax reporting.
- Ensure tax information for accounts with fiscal year end is
provided in a timely manner.
- Tax ResearchEducation & Experience
- Knowledge of:
- Strong oral and written communication skills
- Federal and state laws and regulations
- Sophisticated software systems
- Excellent time and project management skills
- Ability to:
- Learn and efficiently use the tax preparation software used for
tax reporting documents and personal tax returns.
- Assist with coordination of communication and documents between
Wealth Advisors, Tax Team, and clients.
- Prepare complex tax returns and research complex tax issues
- Analyze and interpret numerical data
- Perform duties with frequent interruptions and time pressures
- Maintain mental concentration and visual attention for extended
periods of time
- Analyze and solve problems based on a broad knowledge of many
factors and where advanced and technical concepts must be applied
- Education and Training:
- Requires Bachelor's Associates degree in Accounting, Finance,
or Economics.
- Tax preparation experience or accounting background preferred.
- Requires knowledge of Microsoft Office.
- Preferred knowledge of Smartsheet.
- CPA or Enrolled Agent designation required.Busey values a
diverse and inclusive workplace and strives to recruit, develop and
retain individuals with exceptional talent. A team with diverse
talent, working together, is essential to Busey's commitment of
delivering service excellence. Busey is an Equal Opportunity
Employer including Disability/Vets. Visit Busey.com/Careers to
learn more about Busey's Equal Opportunity Employment.
Keywords: Busey Bank, Bloomington , Tax Specialist II, Accounting, Auditing , Bloomington, Illinois
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