Fiduciary Accountant - Hybrid opportunity!
Job Description
We currently have an opportunity for a Fiduciary Accountant with an entrepreneurial law firm with a sophisticated trusts and estates practice in the Roseland, NJ area. This is a hybrid opportunity, three days in the office and two from home per week following the first 60 days on site.
This individual will play a critical role in the preparation and review of fiduciary, estate, gift, and individual income tax returns, while working closely with attorneys, executors, trustees, and high-net-worth clients on complex estate and trust administration matters.
The ideal candidate will have prior experience within a public accounting firm, family office, trust company, or wealth advisory environment and possess strong technical knowledge of fiduciary accounting, estate taxation, and Form 706 preparation.
Position responsibilities will include:
- Prepare federal and state fiduciary income tax returns (Form 1041) for trusts and estates.
- Prepare federal and state individual income tax returns (Form 1040) for high-net-worth individuals and families.
- Prepare and assist with federal estate tax returns (Form 706), including asset valuation schedules, supporting documentation, and tax calculations.
- Prepare federal gift tax returns (Form 709) as needed.
- Calculate fiduciary accounting income and principal allocations in accordance with governing documents and applicable law.
- Assist with trust and estate accountings, including preparation of detailed schedules of assets, receipts, disbursements, gains, losses, and distributions.
- Analyze financial records, brokerage statements, and tax documents to ensure accurate reporting.
- Collaborate with attorneys regarding estate administration, trust administration, tax planning, and compliance matters.
- Communicate directly with executors, trustees, beneficiaries, financial advisors, and accountants regarding tax and accounting matters.
- Monitor filing deadlines and ensure timely completion of tax returns and related filings.
- Research federal and state tax issues affecting trusts, estates, and high-net-worth individuals.
- Assist with post-mortem tax planning strategies and estate settlement matters.
- Prepare tax projections and assist with tax-saving strategies for clients and fiduciaries.
- Support special projects involving complex trust structures, charitable entities, family partnerships, and closely held business interests.
- Bachelor's degree in Accounting, Finance, or related field.
- CPA designation preferred but not required.
- 5+ years of experience in fiduciary accounting, trust and estate taxation, or public accounting.
- Demonstrated experience preparing Form 706 Estate Tax Returns.
- Strong experience preparing Forms 1041 and 1040 for high-net-worth clients.
- Working knowledge of estate, gift, trust, and fiduciary taxation.
- Experience handling complex financial statements, investment accounts, and asset reporting.
- Strong analytical, mathematical, and problem-solving skills.
- Exceptional attention to detail and organizational abilities.
- Ability to manage multiple priorities and deadlines in a fast-paced professional environment.
- Proficiency with tax preparation software and Microsoft Excel.
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