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Trust Tax Officer

Company: Citizens & Northern Bank
Location: Wellsboro
Posted on: June 24, 2022

Job Description:

Trust Tax OfficerUS-PA-WellsboroJob ID: 2022-1966Type: Full-Time# of Openings: 1Category: TrustWellsboroOverviewAt C&N, we have a mission to take care of our customers to be the only bank they need. The successful Trust Tax Officer is responsible for income, gift, and estate tax planning and preparation, as well as compliance duties within the Trust and Financial Management Group.Responsibilities1. Provides tax compliance and planning services to trust clients.Prepares or reviews federal, state, and local individual (1040) income tax returns.Prepares or reviews federal and state fiduciary income tax returns (1041).Prepares or reviews federal estate (706), state inheritance (Rev 1500), and gift tax returns (709).Prepares federal and state exempt organization tax returns (990) and registration forms.Identifies future tax planning strategies while preparing current year returns.Reviews year-end tax data to be reported on Forms 1099 and resolves discrepancies.Prepares tax planning projections for clients in collaboration with Account Administrators.Meets with clients throughout the year to discuss tax questions and planning strategies.Provides education and seminars to branch personnel and clients as need is identified.Works with centers of influence to develop appropriate courses of action for mutual clients.Keeps informed of new financial services-related developments, policies, and laws.Attends professional seminars and continuing professional education classes. 2. Preparation of accountings and filing of documents required for estates, trusts, and guardianships administered within the Trust Division.Prepares formal accountings of the activity of trusts and estates for which the bank is trustee or executor, or for which the bank is agent, on an as-needed basis.Prepares court filing documents and taxpayer information forms for trusts and estates.Prepares annual accountings for all accounts for which the bank has been appointed guardian.Communicates with Account Administrators, clients, and attorneys regarding the contents of accountings and the meaning and significance of transactions. 3. Performs reviews of account administration to ensure compliance with established Trust Division policies and procedures, as well as federal and state regulations.Monitors administrators' adherence to fiduciary policies and procedures.In conjunction with Operations staff, performs regular review of trust accounting system information. 4. Training and Education - Completes all assigned training as established in a timely manner, including compliance, certification & licensure, and other developmental requirements. 5. Customer Service - Exemplifies C&N Customer Service Standards. PM18QualificationsEducation: Bachelor's degree (B. A.) from four-year college or university or equivalent Experience: 4-6 years of previous related experience and/or training.or Equivalent combination of education and experience. Certification: CPA or Enrolled Agent PI183090413

Keywords: Citizens & Northern Bank, Scranton , Trust Tax Officer, Accounting, Auditing , Wellsboro, Pennsylvania

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