Tax Specialist Team Lead

Busey Bank; East Peoria (IL); On-site; USD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Tax Specialist Team Lead to guide a dynamic Tax Team. This pivotal role involves mentoring specialists, ensuring timely tax reporting, and collaborating with Wealth Advisors on complex tax matters. You will develop processes for accurate tax document preparation and maintain communication with federal and state authorities. If you possess a strong background in tax laws and leadership experience, this opportunity offers a chance to make a significant impact in a supportive environment focused on professional growth.

Qualifications

• Strong communication skills for effective collaboration.
• Ability to prepare complex tax returns and research tax issues.

Responsibilities

• Lead and mentor the Tax Team daily, ensuring timely tax reporting.
• Coordinate with Wealth Advisors and handle communications with tax authorities.

Skills

Communication Skills

Knowledge of Federal and State Tax Laws

Tax Software Systems

Time Management Skills

Project Management Skills

Education

Bachelor's Degree in Accounting or Finance

CPA or Enrolled Agent Designation

5-10 Years of Tax Preparation Experience

3-5 Years of Leadership Experience

Tools

Microsoft Office

Smartsheet

Job description

Position Summary

The Tax Specialist Team Lead is responsible for leading and mentoring the Tax Team daily, coordinating with the Fiduciary Tax Team Lead. This role involves ensuring timely tax reporting, preparing trust, individual, and charitable tax returns, collaborating with Wealth Advisors and Family Office personnel on tax matters, and maintaining tax preparation systems.

Duties & Responsibilities

• Meet regularly with Tax Specialists and Fiduciary Tax Team Lead to coordinate efforts and provide feedback.
• Maintain data on tax preparation volume, fees, costs, and growth for budgeting and team development.
• Develop and maintain processes to ensure tax reporting documents and payments are prepared and filed according to regulations and client service standards.
• Assign tax return preparation tasks to Tax Specialists based on their experience levels.
• Analyze tax information, input data, and review return outputs for various tax types.
• Coordinate with Fiduciary Tax Team Lead for timely provision of tax information for accounts with fiscal year-end.
• Oversee e-filing of tax returns and track filing statuses.
• Provide ongoing tax training to Wealth Advisors, Assistants, and other staff.
• Handle communications with federal and state taxing authorities to resolve issues.
• Collaborate with Wealth Advisors and Middle Office staff to ensure correct setup of new trusts and estates for tax reporting.

Education & Experience

• Knowledge of:
  • Strong communication skills (oral and written)
  • Federal and state tax laws and regulations
  • Sophisticated tax software systems
  • Excellent time and project management skills

• Ability to:
  • Learn and operate tax preparation software for trust and personal returns
  • Coordinate communication among Wealth Advisors, Tax Team, and clients during tax season
  • Prepare complex tax returns and research tax issues
  • Analyze and interpret numerical data
  • Perform under time pressures with frequent interruptions
  • Maintain focus and attention for extended periods
  • Apply broad knowledge and technical concepts to solve problems

• Education and Training:
  • Bachelor's degree in Accounting or Finance
  • Proficiency in Microsoft Office; knowledge of Smartsheet preferred
  • CPA or Enrolled Agent designation required
  • 5-10 years of prior tax preparation experience
  • 3-5 years of leadership experience