Assistant Manager - 1041

CBIZ India; Pune District; On-site; INR 1,400,000 - 2,400,000; Full time

Job summary

CBIZ India is seeking an experienced tax professional to prepare and review 1041 fiduciary returns for trusts, including DNI calculations and K-1 schedules. You will analyze financial data to allocate trust income, review trust structures, and handle complex K-1 reporting for various investments.

The role requires strong communication with clients, independence in task leadership, and flexibility for peak tax season hours. Prior exposure to US trustee taxation is essential.

Qualifications

• Strong technical knowledge of US trust taxation (Form 1041, DNI, fiduciary tax rules).
• 5+ years experience in preparing and reviewing trust returns.

Responsibilities

• Prepare and review Form 1041 fiduciary returns for trusts, including Schedules K-1 and supporting workpapers.
• Analyze financial data to allocate income between trust and beneficiaries (DNI computation).
• Review trust structures and handle taxation for simple to complex trusts (grantor, non-grantor).
• Perform complex K-1 reporting and reclassification adjustments for hedge funds and partnerships.

Skills

Tax knowledge

Client interaction

Analytical skills

Leadership

Time management

Education

Bachelor’s/Master’s in accounting or finance

Tools

CCH

SurePrep

Job description

• Prepare and review Form 1041 fiduciary income tax returns for trusts along with Schedules K-1 and supporting workpapers.
• Analyse financial data and allocate income between trust and beneficiaries (DNI computation).
• Understanding of trust structures and handle taxation for simple, complex, grantor, non-grantor.
• Perform complex K-1 reporting and reclassification adjustments for hedge fund and partnership investments.
• Work on ESBT (Electing Small Business Trust) and QSST trust taxation and reporting requirements.
• Coordinate with onshore teams for data gathering, query resolution, and delivery management.
• Review work of junior team members and provide technical guidance.
• Conduct 1041 related research on complex topics.
• Manage multiple engagements and ensure adherence to timelines and quality standards.
• Ability to review trust agreements to determine tax classification and filing requirements would be an added advantage.

Skills & Qualifications:

• Bachelor’s/master’s degree in accounting, Finance, or related field.
• Strong technical knowledge of US trust taxation, including Form 1041, DNI, and fiduciary tax rules.
• 5 years + minimum experience in preparing and reviewing trust returns.
• Must have experience in tax software CCH andSureprep.
• Candidate should have exposure working with clients directly.
• Strong analytical, review, and problem-solving skills.
• Good communication skills with ability to interact with clients and stakeholders.
• Ability to lead tasks independently and work collaboratively in a team.
• Flexibility to work extended hours during peak tax season.