Role Description
As a Trust Senior you will be allocated a portfolio of trust clients. The team currently provides a service for approximately 300+ Trusts; probates; estates; small private charities; individual clients and their families and family office type administrative services.
You will liaise with the other members of the London Trust Team, other departments such as Personal Tax together with interaction with your clients, HMRC, solicitors, stockbrokers, and any other professional bodies.
initiative and self-management are needed based on experience in previous years.
Responsibilities
Some of the responsibilities will include:
Preparation of client trust, estates and & probate work (generally returns and accounts)
Preparation of IHT and CGT forms as required
Advise clients re Trust wind up, income distributions and management of tax payments
Monitor work progress on allocated tasks and update job workflow
Be aware of budget and notify more senior team member if a task is taking longer than
expected
Monitor work progress and ensure appropriate levels of communication with all clients and colleagues on progress for each key task
Identify where internal procedures/systems could be more efficient, relay this to more senior colleagues and assist with implementing changes
Developing trust, estate and probate tax technical skills and keeping up to date through
training courses, appropriate research, and identification of changes in legislation, HMRC policy and as a result of cases.
Ensure registration of trusts with the TRS (new and existing) including appropriate client ID documents
Support the trust team in delivering the required departmental incremental fee target
Requirements
1-3 years experience in trust work
STEP membership or willing to study for the qualification
Studying or willing to study for accountancy or tax qualifications (full study package is provided)
Probate and estate experience (not essential, as training will be given)
