Trust Administration Specialist
17 hours ago
We are seeking a highly skilled Trust Administration Specialist to join our team at IPS Finance. As a hybrid role, you will work in-house as a Trust Manager with a Law firm.
About the RoleThis is a full-time permanent position with flexible working arrangements, including 4 days per week. You will be required to attend meetings in Leeds.
Duties and Responsibilities- Prepare annual trust accounts, complete and submit tax returns to HMRC, and arrange tax payments.
- Deal with trust reporting and maintain accurate records of trust documents, information, and transactions.
- Liaise with trustees, beneficiaries, and internal stakeholders regarding trusts.
- Arrange trust distributions, including drafting required documents.
- Collaborate with commercial property managers, investment managers, and financial advisors on trust investments and policy statements.
- Attend trustees' meetings, prepare reports, and take minutes.
- Calculate tax and complete IHT forms for ten-year anniversaries and exit charges.
- Good knowledge of trusts, including administration of complex trusts.
- Experience dealing with trusts receiving rental income from commercial properties.
- Strong understanding of income tax, capital gains tax, and inheritance tax.
- Familiarity with accounting software or spreadsheets for tax return preparation.
- Excellent communication and organizational skills.
- Knowledge of law firm working practices.
The estimated salary for this role is £55,000 - £65,000 per annum, depending on experience.
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