What are the responsibilities and job description for the Fiduciary Accountant position at Harrison LLP?
Company Overview:
Harrison LLP is a premier national wealth planning law firm focused on providing sophisticated legal advice, exceptional client service, and innovative solutions. Our deep bench of wealth planning attorneys team up with attorneys from all areas of expertise to service the full range of clients’ personal and business needs.
Role
Overview:
The Fiduciary Accountant plays a critical role in supporting the firm’s estate planning and wealth management services. This position is responsible for maintaining accurate fiduciary accounting records, preparing tax filings, and ensuring compliance with legal and financial regulations. The role requires collaboration with attorneys, fiduciaries, and financial professionals to manage trust and estate assets effectively. The ideal candidate will have a strong background in trust and estate accounting, tax compliance, and financial reporting.
Key Responsibilities:
- Prepare and maintain fiduciary accounting records for trusts, estates, and other legal entities.
- Prepare fiduciary income tax returns (Forms 1041, 706, 709, and related state filings).
- Assist attorneys and fiduciaries in financial planning, tax strategies, and compliance matters.
- Reconcile trust and estate accounts, ensuring accuracy and compliance with governing documents and legal requirements.
- Prepare periodic financial reports and statements for beneficiaries, trustees, and courts as required.
- Analyze and track investment performance, distributions, and tax implications.
- Collaborate with attorneys, financial advisors, and clients to structure and implement wealth management strategies.
- Ensure compliance with applicable tax laws, accounting principles, and fiduciary regulations.
- Support estate and trust administration, including probate accounting and asset valuation.
- Maintain up-to-date knowledge of tax laws, estate planning strategies, and fiduciary accounting standards.
Qualifications & Experience:
- Bachelor’s degree in Accounting, Finance, or a related field required; CPA, EA, or CFP designation preferred.
- Minimum of 5 years of experience in fiduciary accounting, estate/trust taxation, or wealth management accounting.
- Expertise in fiduciary tax preparation and financial reporting for trusts and estates.
- Strong proficiency in accounting software, fiduciary tax programs, and Microsoft Excel.
- Knowledge of estate and trust administration, probate processes, and high-net-worth financial planning.
- Excellent analytical, problem-solving, and communication skills.
- Strong attention to detail, organizational skills, and ability to manage multiple priorities.
- Experience working in a law firm, wealth management firm, or public accounting firm preferred.
