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Our client is currently seeking a professional, energetic and detail oriented individual to fill a Private Client Tax Associate role within their DC or Baltimore office locations. The ideal candidate should possess the professional maturity to handle confidential and delicate client information. This position requires a careful individual with a high level of initiative and experience with income tax matters relating to family offices, investment partnerships, trusts and high net worth individuals and families. A candidate’s exceptional written and oral communication skills will allow them to succeed in working with a broad internal team of CPAs, tax attorneys and investment advisors on behalf of sophisticated families and their trusts in order to facilitate complex tax reporting and planning projects in coordination with large outside accounting firms. The Private Client Tax Associate reports to the Head of Fiduciary Tax Services and will be responsible for supporting the Strategic Advisory Team’s initiatives.

The primary duties and responsibilities include but are not limited to:

• Organize and evaluate tax return data for family limited partnerships, trusts and private foundations.
• Prepare detailed reconciliations of year-end, quarterly and monthly tax and financial information for third party accountants.
• Facilitate analysis of capital account reconciliations and special allocations within multi-tiered partnership entities with family office professionals and outside tax accountants.
• Effectively communicate and coordinate with outside tax accountants to review and analyze federal and state fiduciary tax and informational returns for non-grantor trusts, private foundations, supporting organizations and charitable split-interest trusts.
• Communicate with CPAs and attorneys to analyze and answer questions concerning partnership K-1s, trust beneficiary K-1s and grantor tax letters.
• Facilitate the timely filing of tax returns and execution of tax payments on the client’s behalf.

• Maintain correspondence with the IRS and various state taxing authorities.
• Coordinate and communicate with private client relationship advisors, strategic advisors, portfolio managers and outside custodians to achieve optimal reporting and client service.
• Recommend tax efficient strategies by researching federal, state, and local taxation issues.
• Provide additional expertise in the review, interpretation, and implementation of new or revised tax laws and be able to explain tax law and implications to others.
• Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Research and complete special projects as they arise – be able to think creatively and strategically.

Qualifications:

• Two to four (2-4) years of tax experience in public accounting, a family office or with a financial institution’s private client business.
• Bachelor's degree in accounting, finance or another related program.
• Advanced degree (law or master’s in taxation) or enrollment in an advanced degree program highly desired.
• CPA license or significant progress towards licensure (2+ passed sections of the CPA Exam) required.
• Exposure to capital account reconciliations and allocation tracking for complex, multi-tiered partnerships.
  
• Experience analyzing and researching partnership operating agreements.
• Familiarity with reviewing and researching trust instruments a plus.
• Strong accounting and analytical skills.
• Proficiency with tax research.
• Excellent interpersonal, oral and written communication skills.

• Ability to work in an office location.
• Ability to comply with our COVID-19 vaccination policy.

Benefits

They offer a competitive compensation package, including full benefits.

• Medical
• Dental
• Vision
• Wellness program participation incentive
• Financial wellness program
• Gym membership discounts
• Fitness event fee reimbursement
• Corporate gym membership discounts
• Colleague Assistance Program
• Telemedicine Program (for those enrolled in Medical)
• Adoption Benefits
• Daycare late pick-up fee reimbursement
• Basic Life & Accidental Death & Dismemberment Insurance
• Voluntary Life & Accidental Death & Dismemberment Insurance
• Short Term Disability
• Paid Parental leave
• Group Long Term Disability
• Pet Insurance
• 401(k) (50% employer match up to IRS limit, 4 year vesting)