Fiduciary Tax Team Leader

Bank of America; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading financial institution is seeking a skilled Team Leader for tax compliance who will mentor a diverse team and ensure accurate reporting to clients and authorities. The ideal candidate will have over 10 years of experience and a strong educational background, fostering a culture of inclusion and operational excellence.

Qualifications

• Preferred education includes a Bachelor's and Master's in Tax or Business.
• 10+ years of experience in tax compliance and team management.
• Strong knowledge of tax laws and client management is essential.

Responsibilities

• Leads tax compliance efforts and oversees accuracy of tax reporting.
• Implements federal and state tax reporting requirements.
• Drives continuous improvement in tax processes and team performance.

Skills

Coaching

Client Management

Tax Administration

Business Operations Management

Process Management

Education

Bachelor’s degree & MST or MBA preferred

High School Diploma / GED / Secondary School

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 leading and mentoring a diverse team of tax associates who provide fiduciary tax compliance and technical tax expertise to meet the needs of our Private Bank clients. Key responsibilities include ensuring all tax responsibilities required of the team’s assigned accounts are timely and accurately fulfilled, achieving client focused service standards while complying with bank standards, policies and federal and state tax laws. Job expectations include remediating escalated fiduciary tax and accounting issues, improving business processes, and managing risk.

Responsibilities:• Leads seasonal delivery of accurate and timely tax reporting to our clients and taxing authorities by organizing and effectively communicating tax season tasks to the team and department
• Implements new and existing federal and state tax reporting requirements to ensure timely and accurate reporting
• Makes decisions and oversees teams prescribed service standards, tax return accuracy, and client focused communications
• Drives culture and behaviors to focus on continuous improvement and management of end-to-end processes
• Proactively identifies and controls risks, maintaining the culture of strong self-identification and remediation
• Leads by example, builds partnerships and connects with others across the organization to achieve results

Team Leader Responsibilities:
This position may also have responsibilities for team leading associates. At Bank of America, all team leaders at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Desired Qualifications:

• Bachelor’s degree & MST or MBA preferred.
• Years of Experience – 10+

Skills:

• Coaching
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines 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

For internal employees; participation in a work from home posture does not make you ineligible to post.

Rhode Island pay and benefits information