Fiduciary Tax Manager
Your Opportunity
Your opportunity
At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
The Fiduciary Tax Manager is responsible for managing the tax preparation and all tax processes for all personal trust accounts. Charles Schwab Trust Company follows the three lines of defense model of risk governance. The Fiduciary Tax Manager is a first line of defense position and assures compliance with all policies and procedures, as well as all applicable state and federal regulations in the context of their responsibilities.
This position is the primary contact for the tax preparation vendor, PwC. This position will:
- Work with clients, advisors, and trust administrators in answering complex tax questions
- Review trust documents to confirm the tax return type on InnoTrust trust accounting system
- Perform tax reviews for account closings
- Act as liaison between PwC and trust administrators to answer tax questions regarding transactional activity in Personal Trust accounts
- Coordinate with PwC to prioritize tax return processing
- Maintain Tax Tracking
- Ensure necessary tax extensions are filed by April 15
- Review tax returns as they are prepared by tax preparation vendor, PwC; and follow-up with any questions or issues
- Review and mail all K-1 and grantor letters to beneficiaries
- Review spreadsheets listing monies due for tax filings, estimated payments, and extension payments
- Review and process electronic and check tax payments for Personal Trust accounts
- Load trust documents, tax notices, and K-1s into OneSource's workflow management system
- File IRS election and registration forms upon request
- Investigate and respond to IRS notices
- Track the receipt of all tax refunds due to trust accounts
- Investigate any discrepancies between refunds expected and refunds received
- Other duties as requested
What you have
Required Qualifications:
- 3+ years of fiduciary tax experience with a bank trust department or independent trust company or similar relevant experience.
- Bachelor’s Degree
Preferred Qualifications:
- Ability to work in a fast-paced environment. Requires excellent time management skills, ability to juggle multiple competing priorities, with strength in identifying and implementing solutions to address the critical needs
- Experience with the IRS desired
- Strong analytical skills, ability to research problems, determine root causes and solutions
- Excellent written and verbal communication
- Ability to translate business needs into business requirements, and then implement
- JD, LLM, CPA, or MT acceptable in lieu of experience
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
What you are good at
What you have
Required Qualifications:
- 3+ years of fiduciary tax experience with a bank trust department or independent trust company or similar relevant experience.
- Bachelor’s Degree
Preferred Qualifications:
- Ability to work in a fast-paced environment. Requires excellent time management skills, ability to juggle multiple competing priorities, with strength in identifying and implementing solutions to address the critical needs
- Experience with the IRS desired
- Strong analytical skills, ability to research problems, determine root causes and solutions
- Excellent written and verbal communication
- Ability to translate business needs into business requirements, and then implement
- JD, LLM, CPA, or MT acceptable in lieu of experience
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.