Position Title: Tax Specialist
Office Location: 81 Bay 11th Floor -Hybrid. 3 days per week in office. Subject to change according to business needs and performance
Line of Business: Finance
Duration: 12 Months
Potential for this contract to be extended or converted to FTE? Potential for both based on approval and candidate performance.
Work Schedule (hours per week, start time): 37.5 Hours/week, 9-5 Monday to Friday
37.5 hours/week. Flexible working hours as long as within core hours. Usually 9-5 EST.
· Potential for OT? March & April OT is expected (10 hours of OT per week).
Interview Process: MS Teams interviewing with Rebecca the Hiring Manager focusing on technical and behavioural questions and candidate knowledge. There is potential for a 2nd interview.
Decisioning process on offers: HR may want to meet with the individual before a decision is made.
Reason the role is open? Increased need within the business.
What project will this contractor be working on? No project, day-to-day operations.
Team Culture? The team is responsible for the compliance for CIBC trust clients, which are individuals that are deceased and their trust as well as estate.
Selling points of the positions: We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
Who Will the Candidate Be Working with on a Daily Basis? The individual will be reporting directly into the Director - the HM.
Job Description:
The Tax Specialist will be responsible for the effective and timely completion and filing of all requisite tax returns for complex Estate and Trust accounts. The Tax Specialist fulfills a variety of income tax compliance, planning and administrative functions.
How You’ll Succeed
- Obtain information (from clients, internal and external sources) required to prepare and file income tax returns. Performs calculations, completes required schedules and organizes the information for complex returns.
- Accurately prepares, personal, Estate and trust income tax returns and schedules. Identifies post-mortem and other tax planning opportunities. Acts as a technical tax resource to the ETA Team
- Review assessment notices and prepares adjustment requests, objection notices and Clearance Certificate requests for filing. Corresponds with the CRA to ensure any requests for information are provided.
- Maintain service standards for quality, responsiveness and timeliness.
- Liaise with CIBC Trust staff, outside tax professionals, and clients to ensure that: income tax filing requirements for more complex returns are met on a timely basis; taxation issues are explained and resolved; and, tax strategies are implemented effectively.
- Participate in Special Projects as assigned.
- Ability to manage and train junior staff
- Review complex tax returns such as GRE’s and terminal T1 returns, rights or things
- Ability to take ownership of assigned projects with limited supervision
Must Have Requirement:
- 3+ years of experience in an Accounting or tax related role.
- Familiar with graduated rate estates
- Post-secondary degree in accounting or equivalent
- Experience or knowledge of preparation of T1, T1 terminal (final), T3 trusts and estate returns
- Tax prep software experience
Nice to Have:
- CPA preferred or working towards
Soft Skills:
- Takes initiative *The manager wants to see someone who's prepared and has done their research for the interview.
- Strong attention to details
- Excellent computer skills and ability to work paperless
- Excellent tax research and analytical skills
- Ability to co-ordinate multiple activities simultaneously with time management components and influence the delivery of responses from various parties
- Well-developed communication skills sufficient to interact effectively with clients, professionals and small groups.
- Exceptional writing skills sufficient to prepare various communications containing detailed descriptions, explanations and specialized Estates & Trusts terminology
- Able to make decisions
- Collaborative mindset
Job Types: Full-time, Fixed term contract, Freelance
Pay: $35.00-$50.00 per hour
Experience:
- graduated rate estates: 3 years (required)
- T1, T1 terminal (final), T3 trusts and estate returns: 3 years (required)
Work Location: Hybrid remote in Toronto, ON
