Fiduciary Manager
Shearman and Sterling

Job Description

Role Summary

The Fiduciary Manager will leverage their specialized skills and experience to provide strategic and regulatory support to Private Clients practice.

Responsibilities

• Complete all aspects of Estate and Trust administration including:
  • Direct working relationship with appropriate Partner, Associate, Estate Administrator and Clients.
  • Create agendas, coordinate, and attend client meetings; preparation of correspondence and memorandums; establishment, organization and maintenance of Trust and Estate files.
  • Preparation and filing of all Probate documents, knowledge of Surrogate's Court procedures.
  • Review and organization of decedents records and income tax returns; marshalling assets; collection and valuation of assets for estate tax purposes, closing accounts and opening estate accounts.
  • Collection and direct communications with life insurance carriers, annuity and retirement account companies, banking, brokerage and financial investment professionals.
• Maintain master tax timetables and spreadsheets for estate, gift and fiduciary income tax filing deadlines for estates and trusts.
• Work directly with tax accountants discussing tax elections and income tax planning related to Federal and State estate and income tax returns; secure and provide tax accountants with documentation and information required to complete income tax returns.
• Preparation of all Federal and State Estate tax and Inheritance tax returns for US resident and Non-resident aliens, in accordance with the various tax laws of the appropriate jurisdictions and international treaties.
• Preparation and filing of Federal and State Applications for Extension of Time to File and Pay estate or gift taxes.
• Preparation of Federal and State Application for Releases of Liens.
• Calculate executor and trustee commissions.
• Maintain estate accounts and arrange payment of expenses and liabilities; coordinate and monitor purchases and sales in investment accounts for estates and trusts.
• Coordinate filing and review of Federal and State Fiduciary Income tax returns in accordance with the various tax laws of the appropriate jurisdictions.
• Coordinate payment of annual and ongoing estimated quarterly Federal and State fiduciary tax payments for Estates and Trusts.
• Preparation of Federal gift tax returns, prepare and maintain ongoing schedules of available lifetime and GST exemptions.
• Legal research related to the Trust and Estate area utilizing various hard sources and computerized search services, such as Dow Jones, Lexis, ICLI data-base.
• Preparation of judicial and non-judicial Estate and Trust Accountings; knowledge of Surrogate's Court procedures and requirements for filings and required filing formats for Accountings; file Accountings and work with the Attorney General's office on estates or trusts with charitable beneficiaries.
• Coordinate preparation of Account Approvals and Receipt, Release and Indemnification Agreements; and attendance at IRS and State audits and negotiations at same.
• Estate and Trust financial planning; calculate and coordinate distributions of estate and trust assets; opening beneficial trust accounts.
• Prepare and file IRS forms, including but not limited to Forms SS-4, W-9, W-8Ben, 2848, 56, Applications for Release of Lien and various State corresponding forms.
• Coordinate transfer of residuary assets to remaindermen and closing estates and trusts.
• Prepare and release diaries.
• Other duties as assigned.

Knowledge, Skills & Attributes

• High professional standards with a passion for quality work product.
• Excellent prose writing, drafting and research skills.
• Strong oral and written communications abilities.
• Pragmatic, self-motivated, flexible and team-oriented attitude.
• Well-developed organizational skills.
• Effective interpersonal skills and the ability to interact with people at all levels.
• Aptitude for and interest in all aspects of Trust and Estate administration.
• Knowledge of Hotdocs, Number Cruncher, ProSystem and FAS Tax Programs.

Education & Experience

• At least five years of Trust and Estate legal assistant experience with knowledge of all aspects of Administration, Tax and Court procedures and at least three years of experience as a Senior Legal Assistant in the same areas.
• A Bachelor's Degree in Accounting or Business Science.

Physical Activity/Other Miscellaneous

• Flexibility to work outside standard business hours.

Shearman & Sterling's compensation is merit-based. The good faith, annualized salary range for this position is $140,000 to $180,000 depending on the candidate's overall experience and other job-related factors permitted by law such as, education, training, other responsibilities. The annual salary range listed is just one component of Sherman & Sterling's total compensation and benefits package which includes a discretionary bonus, paid leave, life, health, accident and disability insurance; and a 401(k) plan.

Location(s)
New York-599

This job has expired.