VP, Fiduciary Tax Manager

Job Overview:

We are currently looking to hire a VP, Fiduciary Tax Manager within The Private Trust Company to oversee all fiduciary and tax reporting responsibilities. This senior leader will manage trust tax return preparation, third-party tax reporting, vendor oversight and serve as subject matter expert on fiduciary tax and IRA administration. The role combines technical depth with leadership, requiring strong oversight, collaboration and communication with advisors, beneficiaries, vendors and internal stakeholders while ensuring compliance with fiduciary standards.

Responsibilities:

Trust & Fiduciary Tax Oversight

• Manage PTC’s fiduciary tax return preparation (as trustee and taxpayer), including Forms 1041, 1099 and K-1

• Oversee third-party tax reporting to clients and beneficiaries, as well as federal and state withholding and other regulatory reporting

• Monitor tax law developments affecting trusts and IRAs and recommend process adjustments (without providing individualized tax advice)

• Ensure timely and accurate completion of all fiduciary tax filings, elections and regulatory submissions

Vendor & Process Management

• Manage the bank’s third-party tax compliance vendor, including performance monitoring, service-level adherence, contract renewals and RFP processes

• Lead process improvements, technology integrations and controls to strengthen accuracy, efficiency and compliance

Subject Matter Expertise

• Serve as fiduciary tax SME for PTC front office, advisors and external stakeholders, ensuring questions are addressed with clarity and within scope of fiduciary administration

• Provide education and training to trust officers and staff regarding fiduciary income tax principles, IRA rules and tax reporting practices

• Support estate settlement teams in managing estate tax obligations

IRA Administration & Consulting

• Serve as SME on trusteed IRAs administered by PTC and IRAs owned by PTC as trustee and partner with front office to ensure proper administration of IRAs

• Develop internal best practices and training materials for IRA administration

Qualifications:

• 10+ years of progressive fiduciary tax, trust administration or estate tax experience, with at least 5 years in a leadership role

• Knowledge of fiduciary income taxation, estate taxation and IRA administration

• Familiarity with OCC regulations, trust company operations and vendor oversight

• Communication skills to liaise effectively with financial advisors, beneficiaries and other stakeholders

• Organizational, analytical and leadership abilities

Preferences:

• Juris Doctor (JD) and Master of Laws (LL.M.) in Taxation preferred

Pay Range:

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!

• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!

• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!

• Impactful Work: Our size is just right for you to make a real impact. Learn more here!

• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!

• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!

• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

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