Private Bank Tax Services Accountant
Company: Fifth Third Bank
Location: Grand Rapids
Posted on: November 10, 2019
Job DescriptionMake banking a Fifth Third betterWe connect great
people to great opportunities. Are you ready to take the next step?
Discover a career in banking at Fifth Third Bank.GENERAL
FUNCTION:The primary role of the Private Bank Tax Services
Accountant is fiduciary tax compliance. The individual will work
under general supervision with internal and external clients
including trust administrators, co-trustees,
officers,andbeneficiaries to prepare all necessary tax authority
filing requirements for assigned accounts.In conjunction with the
fiduciary returns (Forms 1099, 1041 and 5227), the individual with
prepare other ancillary client returns including Charitable Entity
returns (Forms 990 & 990PF), Individual returns (Forms 1040) and
gift tax returns (Forms 709).Serve as tax support to trust officers
and assistants in the Investment Advisors division to meet the
information needs required to provide and excellent customer
experience and sustain growth.Responsible and accountable for risk
by openly exchanging ideas and opinions, elevating concerns, and
personally following policies and procedures as defined.
Accountable for always doing the right thing for customers and
colleagues, and ensures that actions and behaviors drive a positive
customer experience. While operating within the Bank's risk
appetite, achieves results by consistently identifying, assessing,
managing, monitoring, and reporting risks of all types.ESSENTIAL
DUTIES AND RESPONSIBILITIES:Preparation of Returns and Estimated
- Possess the capacity and interest to acquire the technical
knowledge required to understand and apply fiduciary accounting and
- Retrieve and assimilate data necessary to prepare accurate
income tax returns.
- Responsible for the completion of timely and accurate
aforementioned tax returns for assigned accounts.Tax Analysis
- Review Trust documents and ensure accurate taxation of assigned
- Monitor and analyze transactions for tax consequences.
- Frequently advise investment officers and account
administrators of any pertinent tax concerns.
- Review and analyze information provided by individual income
clients for estimated tax calculation and generate tax projections
as requested for tax planning purposes.
- Answer questions concerning tax liability, deductions and
related issues including correspondence with tax authorities.
- Frequent interaction with other areas of Investment Advisors
especially personal trust and the Private Bank.
- Participate in new business development.Tax Research
- Research areas of tax law as appropriate including analysis of
the related data.
- Research Federal, State and Local tax issues of law encountered
during return preparation.
- Research and present internal training on relevant tax topics
as my be assigned by management.MINIMUM KNOWLEDGE, SKILLS AND
ABILITIES REQUIRED:Education: Bachelor's Degree in Accounting or
Finance.Experience: Internship or co-operative experience in tax or
prior public or industry accounting experience
preferred.Certification: Working toward CPA, EA or MBA
preferred.Technical: Knowledge of elementary accounting and tax
subject matters; Microsoft Office software proficient;
Understanding of tax return preparation software preferred.Skills:
This position requires excellent analytical, verbal and written
communication skills necessary to interact with personnel ranging
from staff, clients to senior management; Ability to work both
individually and as a team member; Ability to work in a
professional and dynamic environment; Demonstrate sound judgment as
well as apply logical/critical thought process.WORKING CONDITIONS:
- Normal office environment with little exposure to dust, noise,
temperature and the like.
- Extended viewing of CRT screen.Private Bank Tax Services
AccountantLOCATION -- Grand Rapids, Michigan 49503Fifth Third Bank
is proud to have an engaged and inclusive culture and to promote
and ensure equal employment opportunity in all employment decisions
regardless of race, color, gender, national origin, religion, age,
disability, sexual orientation, gender identity, military status,
veteran status or any other legally protected status.LocationsGRAND
RAPIDS-United States of America
Keywords: Fifth Third Bank, Grand Rapids , Private Bank Tax Services Accountant, Accounting, Auditing , Grand Rapids, Michigan
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