Senior Trust Tax Analyst
The Trust Tax Department will be responsible for managing tax preparation for fiduciary accounts and clients, managing IRS notices, addressing issues with the IRS or state agencies, and ensuring accuracy in payments to the IRS or state agencies. The Trust Tax Analyst Sr. role will be responsible for working with our Trust Advisors to communicate any tax updates and partnering with our tax preparation vendor to ensure accuracy and timeliness of tax filings and payments.
Position Responsibilities:
Fiduciary Income Tax Responsibilities
Review completed outside preparers tax returns for accuracy prior to filing.
Review IRS and State notices for accuracy and proper handling; prepare responses and submit timely.
Process balance due payments on fiscal year returns.
Review tax refunds for accuracy and resolve any tax related issues.
Produce and review 1099s for accuracy.
Tax Estimates/Foreign Tax Withholding
Reconcile the foreign tax account to the IRS tax payment system monthly.
Collect foreign taxes from trust accounts.
Analyze and process quarterly estimated tax payments.
Review and balance quarterly tax reports provided by tax vendors.
Trust Tax Requirements and Audits
Prepare monthly disbursement reconcilement schedules for suspense accounts.
Assist in researching and preparing responses for IRS audits related to fiduciary income tax returns and payments.
Position Qualifications:
Bachelor's degree from an accredited university AND 1 year of experience in financial services/tax filing OR High School Diploma (or the Equivalent) AND 5 years of experience in financial services/tax filing
4 years of experience utilizing Microsoft Office with a focus on Excel
Work Best Category: Category B - 3-4 days in office on designated days/1-2 days remote
Hours: 8:00am - 5:00pm Monday - Friday
Salary: To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - disability/veteran.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
