Fiduciary Tax Officer

Job Profile Summary: Under the direction of the Senior Fiduciary Officer, the Fiduciary Tax Officer is responsible for overseeing the tax-related aspects of fiduciary account administration, including trusts, estates, and other fiduciary relationships within Bangor Wealth Management, a division of Bangor Savings Bank. This role involves direct client interaction, technical tax analysis, preparation and review of fiduciary tax filings, and ensuring compliance with applicable tax laws and fiduciary standards. The Fiduciary Tax Officer also serves as a subject matter expert and resource for internal staff and contributes to the strategic goals of the Bank.

ACCOUNTABILITIES:

Leadership:

• Serve as the primary resource for fiduciary tax matters within the Wealth Management Group.
• Provide technical guidance on complex tax issues related to trusts, estates, and other fiduciary accounts.
• Collaborate with internal stakeholders to develop and implement efficient tax reporting and compliance processes.
• Assist in the preparation and presentation of tax-sensitive matters to the Trust Administrative Committee.
• Create written policies and procedures for tax-related tasks and work with other Wealth Management teammates to streamline procedures.
• Represent Bangor Wealth Management in professional and community settings across the state.

Customer Management:

• Maintain and enhance client relationships through proactive communication and tax planning support.
• Coordinate the preparation, review, and timely filing of fiduciary income tax returns (Form 1041), estate tax returns (Form 706), and related filings.
• Oversee the preparation of 1099s for Bangor Wealth Management customers.
• Monitor and manage tax payments, estimated payments, and distributions to ensure tax efficiency and compliance.
• Support the administration of trust-owned real estate, including coordination of property tax payments and insurance.

New Client Acquisition:

• Partner with Relationship Managers and internal teams to deliver comprehensive fiduciary and tax solutions to clients.
• Participate in client onboarding and account reviews with a focus on tax implications and planning opportunities.

Compliance and Control:

• Ensure compliance with federal and state tax laws, fiduciary standards, and internal policies.
• Conduct periodic reviews of fiduciary accounts to identify and mitigate tax-related risks.
• Stay current on changes in tax legislation and regulatory guidance affecting fiduciary accounts.

General:

• Foster a collaborative and professional work environment aligned with the Bank's values and goals.
• Maintain punctuality and adhere to attendance standards as outlined in the Employee Handbook.
• Perform additional duties as requested.

Knowledge/Skills/Experience:

• BA/BS in Accounting, Finance, Law, or related field; CPA, JD, or LLM in Taxation preferred.
• CTFA or equivalent fiduciary designation is desirable.
• Minimum 5 years of experience in fiduciary tax, trust administration, or estate planning.
• Strong knowledge of fiduciary income taxation, estate and gift tax, and relevant IRS forms and procedures.
• Excellent interpersonal, written, and verbal communication skills.
• Ability to interpret legal documents and apply tax law in a fiduciary context.
• Proficient in Microsoft Office Suite; experience with fiduciary tax software is a plus.
• Valid driver's license and ability to travel within the state as needed.

Physical Demands/Conditions Requirements:

• General office environment.
• Moderate lifting (up to 35 lbs.), reaching, walking, sitting, and standing required.

Equipment Used:

• General office equipment.

External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.