Tax Accountant II (TA II), Private Banking

Bank of America; Chicago (IL); On-site; USD 75,000 - 115,000; Full time

Job summary

Bank of America is hiring a Tax Accountant II (TA II) for Private Banking to provide fiduciary tax expertise and support client service standards. You will prepare charity tax returns for trusts and ensure compliance with federal/state tax rules.

The role requires a BS in Accounting (or related) and 3-4 years of fiduciary charitable tax experience, with a focus on accuracy and client impact.

Qualifications

• BS degree in Accounting or related area strongly preferred.
• 3-4 years minimum experience in fiduciary charitable tax.
• Experience with tax reporting for private banking clients is a plus.

Responsibilities

• Partners with team to provide tax expertise and meet client service standards.
• Prepares complex federal/state charitable tax returns for split/wholly charitable trusts.
• Ensures compliance with bank standards, policies, and tax laws.
• Acts as tax technical resource for Private Bank client teams.

Skills

Account Management

Attention to Detail

Policies & Procedures

Relationship Building

Regulatory Knowledge

Tax Administration

Business Process Analysis

Client Experience

Client Management

Prioritization

Education

Bachelor's degree in Accounting

Job description

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

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!

Tax Accountant II (TA II), Private Banking

This job is responsible for providing technical fiduciary expertise to Private Bank client teams, focused on differentiating client service and expanding client relationships. Key responsibilities include providing accurate and timely tax reporting for assigned accounts and conducting tax research to resolve complex tax issues. Job expectations include complying with client focused service standards, bank standards and policies, and federal and state fiduciary tax reporting requirements.

Responsibilities

• Partners with team members to provide technical tax expertise and ensures assigned accounts are fulfilled to achieve client service standards
• Prepares complex federal and state charitable income tax returns for split interest trust and wholly charitable trusts
• Complies with bank standards and policies, federal and state tax law, and client service standards
• Acts as a tax technical resource for Private Bank client teams

BS degree in Accounting or related area strongly preferred. 3-4 yrs. minimum experience specific to working in the fiduciary charitable Tax area required.

Skills

• Account Management
• Attention to Detail
• Policies, Procedures, and Guidelines Management
• Relationship Building
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Record Keeping
• Risk Management
• Tax Administration
• Business Process Analysis
• Client Experience Branding
• Client Management
• Prioritization

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

Shift: 1st shift (United States of America)

Hours Per Week: 40