At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

SUMMARY

U.S. Bank is seeking a Senior Tax Accountant, with an emphasis on fiduciary tax preparation, within its WCIB Operations division. This hybrid role is located in Milwaukee, WI. As is customary with tax positions, this role can be challenging and demanding during peak times throughout the year.

RESPONSIBILITIES
Tax Competencies:
- Strong working knowledge of fiduciary income tax returns (1041, 990-PF, 5227)
- Proper reporting related to 1099DIOB and MISC forms
- Processing and reporting of federal and state tax payments
- Working knowledge of various IRS notices (penalties, audits, abatements), and communication with other tax revenue authorities
- General knowledge related to taxation of trust assets (stocks, bonds, partnerships, farms, etc.)
- Account reviews for taxability and reporting of account types, transactions, sales, cost basis, etc.
 

Tax Preparation and Review:
- Preparation, review and tracking of fiduciary, individual, trust estates, charities, etc.
- In-depth and cursory reviews of several hundred returns as prepared by internal staff, external CPAs and through our outsourced relationship with our tax vendor
- Provide tax support and liaise with our tax vendor in an outsourcing arrangement
- Review trust instruments for domiciliary tax assignment and proper tax reporting
- Complete analysis of trusts with generation skipping tax eligibility
- Provide statistical analyses related to work performed to management
 

Client Service:
- Ability to address tax-related questions and issues affecting clients, relationship managers, and vendors requiring immediate attention
- The candidate must have demonstrated ability in being approachable and flexible in working with stakeholders and colleagues at all experience levels.
 

Tax Operations:
- General knowledge of fiduciary tax operations, including trusts, charitable accounts, and estates
- Processing and maintenance of tax fees for the department for various account types.
 

Tax Administration Assistance:
- Administrative assistance with responses to IRS notices (penalties, audits, abatements), and communication with other tax revenue authorities
- File paper tax returns with IRS and state agencies, as directed by accountants
- Order checks for estimates and balances due, as directed
- Data entry of account maintenance updates on tax and trust accounting systems
- General office assistance with mail, packages, copying & scanning, tracking documents, maintaining files with Iron Mountain, various office projects, etc.
 

REQUIRED
- Five to seven years of related experience

- Bachelor's degree or equivalent work experience
 

PREFERRED
- Bachelor of Science degree in Accounting or Finance
- 5+ years of related trust tax preparation experience, preferably within a financial services environment.

- System knowledge: SEI Trust3000, OneSource Trust Tax (formerly TrustEase or Fast-Tax)
- System knowledge: MS Access, SQL, general database queries
- System knowledge: Excel, PowerPoint

This position offers a hybrid/flexible schedule which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

Healthcare (medical, dental, vision)

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $73,610.00 - $86,600.00 - $95,260.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.