Family Office Principal-Tax Manager

Bank of America; North Kingstown (RI); On-site; USD 98,000 - 208,000; Full time

Job summary

Merrill Wealth Management seeks a Tax Manager to oversee client relationships and manage complex tax returns for ultra-high net worth clients. The role requires strong analytical skills, effective communication, and a commitment to client service. Join a team dedicated to empowering clients through personalized advisory services.

Benefits

Paid time off

Industry-leading benefits

Resources for business growth

Qualifications

• 5 to 10 years of technical tax experience in public accounting or related fields.
• Ability to communicate effectively verbally and in writing.

Responsibilities

• Managing complex ownership structures for ultra-high net worth clients.
• Preparing and reviewing complex tax returns for high net worth individuals.
• Providing quality client service and operations support.

Skills

Client Management

Relationship Building

Problem Solving

Presentation Skills

Data and Trend Analysis

Business Development

Education

Bachelor’s degree

CPA

Master’s in accounting/taxation

Tools

Microsoft Office

Thomson Reuters GoSystem

SurePrep

BNA Income Tax Planner

Job description

Job Description:

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world, specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to Merrill's investment insights coupled with the banking convenience of Bank of America.

At Merrill, we empower you to bring your whole self to work. We value diversity in thoughts, business, employees, and clients. Our Wealth Management team comprises individuals from diverse backgrounds, bringing unique perspectives, ideas, and experiences, helping create a culture-driven, resilient, results-focused, and effective work environment.

Job Description:

The role involves the administration and business development of Merrill Family Office Services’ (MFOS) ultra-high net worth clients. Key responsibilities include managing complex, multi-tiered ownership structures and coordinating between family entities. The candidate will be accountable for the client experience and oversee the delivery of an integrated package of MFOS products and services in partnership with the Merrill Financial Advisor team.

The Merrill Lynch Family Office is seeking a highly motivated Tax Manager. This role includes managing client relationships and deliverable deadlines, utilizing technical tax, analytical, management, and client service skills by:

• Preparing or reviewing complex tax returns, including federal and multi-state returns for high net worth individuals, gift, S corporations, partnerships, trusts, and foundations.
• Preparing or reviewing income tax projections to determine quarterly tax payments and address life events (e.g., selling a business, divorce).
• Monitoring recent tax legislation and its impact on clients.
• Owning client relationships and work.
• Researching tax issues and providing guidance to clients, responding effectively and timely to inquiries.
• Fostering a team environment, supporting management, and building a positive culture.
• Participating in practice development activities to generate new business and cross-selling opportunities.

Responsibilities:

• Providing quality client service and effective operations support by resolving issues and analyzing data to address risks and trends.
• Escalating issues and resolving complex inquiries and problems related to client concerns.
• Documenting client interactions and providing team members with timely updates.
• Attending client review meetings, capturing notes, documenting in Salesforce, and tracking actions to ensure high-quality service.
• Providing advice and training to team members.

Successful candidates will have an entrepreneurial spirit and strong analytical skills, in addition to:

• Bachelor’s degree preferred; CPA or master’s in accounting/taxation preferred.
• 5 to 10 years of technical tax experience in public accounting or related fields.
• Ability to communicate effectively verbally and in writing, internally and externally.
• Strong knowledge of tax return preparation, review, and processing.
• Willingness to do what is needed to meet deadlines and client expectations.
• Ability to manage multiple priorities in a multi-task environment.
• Proficiency in Microsoft Office and tax & planning software (e.g., Thomson Reuters GoSystem, SurePrep, BNA Income Tax Planner).

This position can be filled in any centralized location.

Skills:

• Client Management
• Client Solutions Advisory
• Customer and Client Focus
• Pipeline Management
• Relationship Building
• Active Listening
• Business Development
• Data and Trend Analysis
• Presentation Skills
• Project Management
• Account Management
• Decision Making
• Oral and Written Communications
• Problem Solving

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

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency:

Range: $98,500 - $207,900 annually, based on experience, education, and skills. Discretionary incentive eligible. Employees may participate in an annual discretionary award based on performance and company results.

Benefits:

Currently benefits eligible, with industry-leading benefits, paid time off, resources, and support to contribute to business growth and community impact.