Senior Tax Manager

A Senior Tax Manager (STM) is an integral part of the Bessemer Trust multi-disciplinary client service team and is a leader in terms of individual contribution and in terms of managing others. The STM’s role is primarily focused on providing planning and compliance services.  They will be managing a list of tax clients consisting of high-net-worth individuals and related family flow-through entities and providing tax consulting services for some Bessemer clients who are not tax clients.

Primary Responsibilities:

• Manage and review the preparation of highly complex 1040s, gift tax returns, and family investment partnership returns, and prepare select complex filings as needed.

• Manages relationships with tax clients and is the primary and main point of contact for a potion of their client list
• Oversees examinations and negotiations with the IRS, state and local tax authorities
• Engages in tax research
• Analyzes, summarizes and provides feedback on proprietary tax strategies
• Reviews prior year tax returns, tax related balance sheet data, qualified retirement plans, and identifies relevant planning strategies to present a personalized report to Bessemer’s non-tax clients and prospects.
• Presents proprietary analysis for clients and prospects in such areas as charitable giving, Roth conversions, social security planning, and estate and gift planning.

Competencies Required:

• Approximately 7+ years of prior work experience with high-net-worth individuals and multigenerational families in public accounting, financial planning, law and/or trust administration
• General knowledge of, and extensive experience with, the calculation and management of income tax compliance and planning as it relates to complex personal income, gift, and flow through entities
• Ability to monitor, prioritize and coordinate workflow of the entire tax service team
• Detail oriented, good mathematical skills, and excellent problem-solving skills.
• Good computer skills and proficiency in Microsoft Word, Outlook and Excel
• Familiarity with tax software programs and BNA Tax Planner 

Personal Characteristics:                                                                                   

• Good interpersonal skills and the ability to deal effectively with a wide range of people
• Highly motivated self-starter
• Excellent organizational skills and the ability to manage multiple priorities against strict deadlines.
• Flexibility to work the hours needed to meet seasonal deadlines.        
• Capable of big picture, future thinking that is needed for leadership in driving business vision and strategy

 Educational Requirements:

• Bachelors’ degree and CPA or EA required
• MBA, MST, CFP, JD or PFS beneficial

The base salary range for this position is $135,000 - $165,000. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. In addition, this position may be eligible for a discretionary incentive based on individual and company performance. Eligible employees may participate in a 401 (k) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability coverage and paid holidays, vacation, and sick days.

About Bessemer Trust:

• Bessemer Trust is a family office, overseeing more than $200 billion in assets for over 3,100 individuals and families of substantial wealth. Its more than 1,200 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
• Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.
• Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

 Key Facts:

• For more than 118 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
• Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
• To watch a video about Bessemer Trust’s history, click here.
• To learn more about Bessemer Trust, click here.

 About Our Employee Rewards and Benefits:

We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:

• Competitive base salary plus discretionary annual bonus for select positions
• A 401(k) plan with a generous annual profit-sharing contribution
• Personalized development and career opportunities, including tuition reimbursement support
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
• Employee assistance (EAP) and wellness programs
• Hybrid work environment: 60% in office, 40% remote for most positions
• Paid time off and paid parental leave
• Employer-paid life insurance and short- and long-term disability coverage
• Legal services and financial wellness plans at no cost to employees

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.