Estate Tax Manager

Bank of America; Chicago (IL); On-site; USD 107,000 - 133,000; Full time

Benefits offered by this job

Discretionary incentive

Benefits eligible

Job summary

Bank of America is seeking a senior fiduciary tax professional to lead complex estate and fiduciary tax engagements for Private Bank client teams. You will oversee Form 706 and Form 1041 work, provide technical leadership, and guide associates through sophisticated tax matters.

You will collaborate with cross-functional teams, drive process improvements, ensure compliance with federal and state laws, and mentor staff while maintaining high client service standards.

Qualifications

• Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent.
• Experience with fiduciary tax, estate tax, and related filings preferred.

Responsibilities

• Provides technical leadership for complex estate tax engagements.
• Oversees preparation and review of Form 706 and Form 1041 filings with timeliness and accuracy.
• Serves as senior technical resource on estate, fiduciary, gift, and generation-skipping transfer matters.
• Guides Fiduciary Tax Service associates and Private Bank teams on tax reporting and planning.
• Manages workload, coaching, and development of staff; enforces quality standards and controls.

Skills

Coaching

Risk Management

Client Management

Process Management

Tax Administration

Learning Delivery

Education

High School Diploma

Job description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This job is responsible for managing the delivery of advanced fiduciary, estate, and transfer tax services supporting Private Bank client teams and complex estate administration engagements. The position leads and manages estate tax professionals responsible for the preparation and review of federal and state estate tax returns (Form 706), fiduciary income tax returns (Form 1041), and related tax filings, while serving as a senior technical and escalation resource on complex estate and fiduciary tax matters.

Key responsibilities include providing technical and managerial oversight of estate tax engagements, ensuring accurate and timely tax reporting, establishing appropriate review and quality standards, advising on complex estate settlement and transfer tax matters, and providing technical guidance on transactions affecting estates, trusts, and beneficiaries. The position is also responsible for developing associates, managing workload and priorities, coordinating with Private Bank client teams and other stakeholders, and identifying opportunities to improve processes, controls, and service delivery. The role requires adherence to client service standards, bank policies, risk and control requirements, and all applicable federal and state fiduciary and estate tax laws and reporting requirements.

Responsibilities

• Manages and provides technical leadership to estate tax professionals responsible for complex federal and state estate tax, fiduciary income tax, and related compliance matters
• Oversees the preparation and review of complex federal and state estate tax returns (Form 706), fiduciary income tax returns (Form 1041), and related filings, ensuring accuracy, timeliness, and appropriate technical review
• Serves as a senior technical and escalation resource for complex estate, fiduciary, gift, generation-skipping transfer, and related tax matters
• Provides guidance to Fiduciary Tax Service associates and Private Bank client teams regarding estate administration, tax reporting, tax planning considerations, and the tax treatment of transactions affecting estates, trusts, and beneficiaries
• Manages associate performance, development, workload, and priorities, and provides coaching and technical guidance to build expertise and strengthen overall team capabilities
• Establishes and maintains appropriate quality review, risk management, and control standards for estate tax engagements and ensures compliance with bank policies, federal and state tax law, and client service standards
• Develops and delivers technical and systems-related tax training and provides leadership on emerging estate and fiduciary tax issues
• Partners with Private Bank client teams, internal subject matter experts, outside tax advisors, and other stakeholders to resolve complex tax matters and support effective estate administration
• Identifies and implements opportunities to improve tax processes, procedures, technology, controls, and operating efficiency
• Supports Fiduciary Tax leadership in establishing priorities, managing complex or high-risk matters, and executing the broader strategic objectives of the Fiduciary Tax Services organization

Skills

• Coaching
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Risk Management
• Business Operations Management
• Business Process Analysis
• Client Management
• Learning Delivery
• Record Keeping
• Client Experience Branding
• Office Administration
• Process Management
• Succession Planning
• Tax Administration

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)

Pay range

$106,500.00 - $133,200.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.