The Accounting - Wealth Manager supports reporting processes to effect strategic tax planning decisions on behalf of owners, investors, family and other controlled entities. Day to day activities will range from simple and repetitive to highly complex tax and accounting methodologies. Work deliverables have significant impact and long-term consequences on a variety of constituents. Primary work deliverables are financial statement review and analysis, tax work paper preparation, intercompany transactions, amortization schedules, estate planning, cash management, financial reporting and coordination of projects and activities with third party accounting and law firms. Additionally, special projects are assigned at the discretion of the Vice President – Wealth Management, including tasks and other actions in support overarching Widewaters projects.

What will you be doing:

Quality Assurance

Journal entry review to ensure transactions are properly recorded, timely, and accurately, i.e. distributions, debt transactions, deposits, interest & dividends, income tax refunds, etc.

Review payment support documentation for completeness, accuracy and approvals, i.e. checks produced for investment, trusts, individual entities, income tax payments, partner calls, debt, life insurance premiums, etc.

Establish taxpayer classifications based on facts and IRS definitions i.e. active/passive, cash/accrual, real estate professional, etc.

Enable accurate expense classifications for transactions from multiple sources as interpreted from IRS definitions for tax deductibility, charity donations, Schedule C, interest payments, intercompany debt and expense versus reimbursement, etc.

Monitor, Auditing, and Review

Monitor status relative to all entity’s income tax refunds, income tax notices, audits, etc.

Prepare, monitor, and track transactions relating to charitable donations, medical expenses, basis for personal real estate, insurance premiums, real estate tax payments, etc. in support of constituents.

Develop and maintain schedules to track for estate and tax planning and all gifting.

Review calculations for third party reporting such as: annual net operating profit, cash calls, debt solutions, etc.

Reporting and Compliance

Ensure timely and accurate filing of income tax and gift tax returns.

Preparation of trial balance, income statements and balance sheets which are utilized in tax return completion.

Produce quarterly estimated tax payments based on prior year taxes, current trends, etc.

Develop and maintain reporting models to enable the annual reporting for all entities mapping group transactions to the individual actual taxpayers.

Analysis and Interpretation

Strong proficiency in data analysis and critical thinking - transfer from data into information and information into in-sight to enable business decisions that will impact financial profitability of business operations.

Perform monthly analysis of; intercompany debt, financial statements, case forecasts and other subject areas - communicating, trends, adjustments, recommendations, and risks.

Estimate for estate planning purposes availability of life insurance proceeds to be considered for alternative use by constituents.

Communication and Professionalism

Must demonstrate the highest level of professionalism, confidentiality, integrity, and respect with internal and external business partners.

Build a strong, credible relationship with senior leaders, owners, managers, third party professionals and other critical stakeholders; operate as trusted and subject matter expert.

Ability to present data in a clear, concise and professional manner to the level of understanding of the targeted audience.

Other

Assist with estate tax planning.

Special projects supporting transactions, assets sale calculations, strategic partner calculations, covenant obligations.

Research for tax laws, GAAP requirements, and reporting forms necessary to support transactions.

Apply continuous improvement methodologies to enhance processes and procedures to minimize transactional cost.

Qualifications:

Minimum bachelor’s degree required

Preferred Certified Public Accountant with 5-10 years of relevant experience.

Strong knowledge of tax and accounting regulations, financial consolidation and reporting procedures.

Basic understanding of Generally Accepted Accounting Principles.

Proficiency in general ledger functions, balance sheets, cash flows and audits with the ability to analyze detail data and communicate insights.