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Master Trust Accountant Jobs (NOW HIRING)

Accountant

Bartow, FL ยท On-site

$50 - $70/hr

... master trust accounts Prepare budget documents for annual submission to the Board of Directors ... Bachelor's degree in Accounting field required.Experience in not-for-profit accounting preferred.

Controller - Accounting

Woodland, CA ยท On-site

$115 - $125/hr

Will have involvement in a variety of financial systems to include billing, payroll, budget, master trust and annual audit. Will provide leadership and support to accounting team members, advise ...

Fiduciary Accountant

Naples, FL ยท On-site

$160K/yr

Maintain detailed accounting records for trusts and estates, ensuring compliance with all ... Bachelor's degree in Accounting, Finance, or related field (Master's in Taxation preferred)

Maintain detailed accounting records for trusts and estates, ensuring compliance with all ... Bachelor's degree in Accounting, Finance, or related field (Master's in Taxation preferred)

Maintain detailed accounting records for trusts and estates, ensuring compliance with all ... Bachelor's degree in Accounting, Finance, or related field (Master's in Taxation preferred)

The Role The Trust Officer will assist with the training and oversight of a small team of Trust ... Bachelor's or master's degree in business, legal, finance, accounting, or another relevant field.

Trust Officer

Sioux Falls, SD ยท On-site

$85 - $110/hr

The Role The Trust Officer will assist with the training and oversight of a small team of Trust ... Bachelor's or master's degree in business, legal, finance, accounting, or another relevant field.

If so, then the Trust Tax Accountant II role may be right for you! At Frost, it's about more than a ... Master's degree and/or CPA Our Benefits: At Frost, we care about your health, your family, and your ...

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Master Trust Accountant information

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How much do master trust accountant jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for master trust accountant in the United States is $26.32, according to ZipRecruiter salary data. Most workers in this role earn between $21.15 and $29.57 per hour, depending on experience, location, and employer.

What is a master trust accountant?

Master Trust Accountants are professionals who manage and oversee the accounting and financial reporting for master trusts, which are large pooled investment funds typically used by pension plans and other institutional investors. Their responsibilities include ensuring compliance with regulatory requirements, preparing financial statements, reconciling accounts, and coordinating audits. They serve as a key point of contact between the trust, investment managers, and clients, ensuring transparency and accuracy in all financial matters related to the trust.

What are the key skills and qualifications needed to thrive as a master trust accountant?

To thrive as a Master Trust Accountant, you need strong expertise in accounting principles, financial reporting, and trust administration, often backed by a degree in accounting or finance and relevant certifications like CPA or CFA. Familiarity with trust accounting software, investment management systems, and advanced Excel skills is typically required. Attention to detail, analytical thinking, and strong communication skills help professionals excel in managing complex financial data and client relationships. These capabilities are crucial for ensuring accurate trust fund management, regulatory compliance, and delivering high-quality service to clients.

What are some common challenges master trust accountants face when managing multiple client accounts, and how are these typically addressed?

Master Trust Accountants often handle several complex client accounts simultaneously, which can present challenges in maintaining accuracy and meeting strict regulatory deadlines. Balancing the demands of various stakeholders, ensuring compliance with evolving financial regulations, and reconciling large volumes of transactions require strong organizational skills and attention to detail. Many firms address these challenges by implementing robust accounting software, fostering close collaboration with audit and compliance teams, and providing ongoing training on regulatory updates. Clear communication and proactive issue resolution are also key strategies for success in this role.

What is the difference between Master Trust Accountant vs Trust Accountant?

AspectMaster Trust AccountantTrust Accountant
CertificationsTypically requires CPA or equivalentOften requires CPA or similar credentials
Work EnvironmentFinancial institutions, fund management firmsFund management companies, financial services
Industry UsageUsed in large-scale trust and fund managementCommon in trust administration roles
Job FocusOversees multiple trust accounts, compliance, reportingManages individual trust accounts, record-keeping

The main difference is that a Master Trust Accountant typically handles multiple trust accounts within large organizations, focusing on compliance and reporting at a higher level, while a Trust Accountant manages individual trust accounts, ensuring accurate record-keeping and client-specific tasks.

More about Master Trust Accountant jobs

What cities are hiring for Master Trust Accountant jobs?

Cities with the most Master Trust Accountant job openings:

What states have the most Master Trust Accountant jobs?

States with the most job openings for Master Trust Accountant jobs include:

Infographic showing various Master Trust Accountant job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 1% As Needed, 84% Full Time, 11% Part Time, and 3% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $54,749 per year, or $26.3 per hour.

Senior Trust Tax Accountant

Community Financial System, Inc.

Woburn, MA โ€ข On-site

$72K - $124K/yr

Full-time

Posted 10 days ago


Job description

Overview

NRS offers customized solutions to asset managers and asset owners. We provide institutional transfer agency services, master trust and plan accounting, and fund-of-fund solutions. Founded in 1999, and a wholly owned subsidiary of Community Financial System, Inc. (NYSE: CBU), NRS administers over $1.4 trillion (USD) in assets to over 500 clients.

Founded in 2008, GTC is a Maine-based non-depository trust bank specializing in collective investment trusts (CITs), institutional trust services, and customized solutions for asset owners and managers. As a wholly owned subsidiary of Northeast Retirement Services LLC (NRS) and Community Financial System, Inc.(CFSI), GTC benefits from NRS’s expertise in trust product administration, transfer agency, and fund-of-funds solutions. GTC’s core focus is delivering ERISA and non-ERISA trust solutions exclusively for institutional clients, avoiding distractions like retail or private wealth management. Our expertise spans trustee services, asset management, transfer agency, and complex fund structures. GTC offers turnkey, client-branded products with advanced technology, customization, and strong distribution support. Our consultative approach, combined with deep operational expertise and flexibility, positions GTC as a trusted partner for sophisticated asset managers and asset owners globally across diverse asset classes.


Responsibilities

The Senior Trust Tax Accountant is responsible for overseeing tax compliance, reporting, and tax-related operational support for investment entities, including Delaware Limited Liability Companies (LLCs), Collective Investment Trusts (CITs) and related investment structures. This role serves as the organization's subject matter expert on trust and investment fund taxation, ensuring compliance with applicable federal, state, local, and international tax requirements.

The Senior Trust Tax Accountant partners closely with Finance, Operations, Legal, Compliance, custodians, investment managers, and external audit and tax advisors to support accurate reporting, effective risk management, and the continued enhancement of tax processes and controls.

Essential Duties:

Tax Compliance & Reporting

  • Oversee and coordinate all tax compliance activities for LLCs, CITs, and other investment-related entities, ensuring adherence to applicable federal, state, local, and international tax regulations.
  • Manage the preparation, review, and timely filing of tax returns, including Form 990-T and other required regulatory filings.
  • Maintain and monitor tax compliance calendars to ensure completion of filings, extensions, estimated tax payments, and related deliverables.

Tax Operations & Administration

  • Oversee domestic and foreign withholding tax recovery and reclaim processes, working with custodians, administrators, and external service providers to maximize recovery opportunities and improve operational efficiency.
  • Review and analyze Schedule K-1s and other tax reporting documents for accuracy, completeness, and consistency with underlying investment activity.
  • Coordinate the collection, review, and submission of tax-related documentation required by foreign tax authorities, custodians, and service providers.

Advisory & Risk Management

  • Evaluate the tax implications of investment structures, transactions, and fund activities, providing guidance to internal stakeholders and management.
  • Identify tax risks, reporting discrepancies, and operational vulnerabilities, and recommend corrective actions and process improvements.
  • Support responses to auditor inquiries, regulatory examinations, tax authority notices, and internal management requests.

Governance & Process Improvement

  • Develop, document, and maintain policies, procedures, and internal controls supporting tax compliance and operational best practices.
  • Partner with cross-functional teams to implement process enhancements, improve reporting efficiencies, and strengthen tax governance frameworks.
  • Monitor legislative, regulatory, and industry developments impacting trust taxation, investment funds, and partnership structures, and communicate implications to management.

Vendor & Stakeholder Management

  • Serve as the primary liaison with external tax advisors, auditors, fund administrators, custodians, and other service providers.
  • Manage relationships with external partners to ensure timely delivery of tax-related services and resolution of complex tax matters.
  • Support strategic initiatives, new product launches, and organizational projects requiring tax expertise.

Qualifications

Education, Training, Experience, and Skill Requirements:

Required

  • Bachelor's degree in Accounting, Finance, Taxation, or related discipline.
  • Minimum of 5 years of experience in trust taxation, partnership taxation, investment fund taxation, or related tax compliance functions.
  • Demonstrated knowledge of:
    • Partnership and LLC taxation
    • Form 990-T preparation and review
    • Schedule K-1 analysis and reporting
    • Domestic and international withholding tax recovery processes
    • Tax compliance considerations for investment entities
  • Strong analytical, organizational, and project management skills.
  • Proven ability to manage multiple priorities and deadlines in a highly regulated environment.
  • Advanced proficiency in Microsoft Excel and related financial reporting tools.
  • Excellent written and verbal communication skills with the ability to interact effectively across all levels of the organization.

Preferred

  • CPA designation and/or Master's degree in Taxation.
  • Experience with Collective Investment Trusts (CITs), pooled investment vehicles, or institutional investment products.
  • Experience working with trust companies, custodians, asset managers, fund administrators, or public accounting firms.
  • Knowledge of international tax documentation requirements and foreign tax reclaim processes.
  • Familiarity with investment operations, fund accounting, and regulatory frameworks affecting investment entities.

Key Competencies

  • Tax Compliance & Technical Expertise
  • Risk Management & Internal Controls
  • Strategic Problem Solving
  • Project & Vendor Management
  • Regulatory Awareness
  • Process Improvement & Operational Excellence
  • Stakeholder Collaboration & Communication