Full-Time

Corporate Tax Manager

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Winston-Salem, NC, USA + 2 more

More locations: Charlotte, NC, USA | Atlanta, GA, USA

Category
Tax Accounting
Accounting
Requirements
  • Bachelor's degree and 5 years of Big 4 or large corporate tax experience or an equivalent combination of education and experience.
  • CPA designation.
  • 2 years of reviewing moderate to complex tax returns, and supervising staff.
  • Advanced understanding of principles, practices, theories, and/or methodologies associated with the tax discipline including knowledge of tax return software.
  • Ability to manage competing priorities and to work independently with minimal guidance.
  • Strong computer skills in Excel and other Microsoft products.
  • Ability to read and interpret financial statements.
  • Ability to proactively solve problems in straightforward situations by analyzing possible solutions using experience, judgment and precedents.
  • Ability to interpret and explain complex information, in both written and verbal forms, to a range of audiences and build consensus among different stakeholders.
  • Attention to detail, with an eye towards overall impact.
Responsibilities
  • Research tax laws and other authoritative guidance, perform analysis, draft conclusions and write formal tax technical memoranda.
  • Research tax planning opportunities and effectively communicate to Tax senior leadership.
  • Support Tax senior leadership in providing tax advice to business and functional partners.
  • Lead small projects with manageable risks and resource requirements. Play significant roles in larger, more complex initiatives.
  • Interpret and communicate complex, difficult or sensitive information to tax and non-tax professionals.
  • Supervise the work of Senior Associates and serve as a resource and mentor to teammates with less experience by training, developing, prioritizing and/or evaluating work.
  • Participate extensively in the review of federal and state income and franchise tax returns as well as other necessary tax filings, including estimated payments, extensions, etc.
  • Participate extensively in the maintenance of accounting for income tax records necessary for proper Generally Accepted Accounting Principles (GAAP) financial statement presentation.
  • Maintain and review departmental procedures.
  • Review responses to inquiries from taxing authorities.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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