Supervisor, Trust Tax

Job Function / Summary The Supervisor, Trust Tax provides timely and accurate tax services for Trust and Asset Management through supervising tax filing requirements, and being a tax law and accounting resource. Generally, works with highly complex fiduciary accounts and provides technical assistance to less experienced staff. Essential Duties & Responsibilities Prepares, supervises preparation, and reviews complex tax returns and other filing requirements. Reviews income and expense postings for accuracy and determines their proper tax character. Reallocates mutual fund income among the various types of taxable and nontaxable income. Supervises calculation of quarterly estimated tax payments for all fiduciary accounts. Reviews and prepares tax return extension forms. Reviews and responds to IRS notices and correspondences in a timely manner and ensures a resolution of the issue. Reviews and interprets relevant tax laws. Researches and reviews research of Trust, estate and nonprofit tax law issues, applying research results, and writing tax memoranda. Recognizes tax related issues on all personal Trust accounts. Properly addresses special issues of deceased individuals and reviews preparation of date of death valuation reports for basis step-up. Maps data from the Trust accounting system to the Trust tax preparation system. Uses knowledge of Trust accounting and tax systems to ensure proper account coding. Provides advice and guidance to relationship managers and administrators on personal Trust accounts. Uses understanding of Trust tax and Financial Accounting rules to perform financial analysis and solve accounting problems as needed. Supervisory Responsibilities Responsible for the overall direction, coordination and evaluation of a team of associates. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws; responsibilities include interviewing, hiring, and training associates; planning, assigning, and directing work; appraising performance; rewarding associates and enforcing policy and procedure; addressing complaints and resolving problems. #J-18808-Ljbffr Hancock Whitney