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Job Description
About Working at Commerce
Wouldn’t it be great to build your career at a bank that’s known for helping people with their financial challenges? That’s exactly what you’d be doing when you join the team at Commerce Bank. We’re looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You’d be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions.
No wonder we’ve been an industry leader for over 150 years and have developed a reputation as a great place to work in the financial services world. If you’d like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We’re always looking for the best and brightest.
About Commerce Trust Company
Since 1906, Commerce Trust Company, a division of Commerce Bank, has been a leading provider of investment management, financial planning, trust and private banking services. Commerce Trust Company provides a full range of wealth and investment planning services to individuals and institutions. We build a comprehensive team around our client’s unique personal and financial situation, managing their wealth and helping them achieve their long-term goals. Commerce Trust Company received the 2019 Highly Commended Private Wealth Manager Award (Over $5 Billion) by Private Asset Management and 2021 Global Finance’s Best Private Banking Award for the Midwest Region. The Commerce Trust Company administers nearly $70 billion in total client assets.
About This Job
The Tax Manager (“Tax Manager”) will be responsible for coordination of the accurate and timely preparation, review, filing, and administration of a variety of complex tax returns including, but not limited to, individual, fiduciary, partnership and foundation tax returns for clients of Commerce Trust Company (“CTC”). Another key responsibility of the Tax Manager will be managing three to five tax professionals in the St. Louis and Kansas City offices and reporting directly to the CTC Director of Tax Services. In addition, the Tax Manager will work closely with Private Client Advisors, Private Banking and Wealth Management Consultants providing highly sophisticated value added tax consulting and planning advice for our current and potential clients who are executives, entrepreneurs and other high net worth individuals with complex financial affairs, substantial business interests, large family estates and investment portfolios requiring careful attention. The Manager will also contribute to CTC and client tax knowledge through drafting periodic articles and other topical tools relevant to our clients and prospects.
Position may be filled/located in KC or St. Louis market.
Essential Functions
Manage the Tax Services compliance function including the review and filing of various tax returns on behalf of our high-net worth clients
Assist the Director of Tax Services with the management of three to five tax professionals in the St. Louis and Kansas City offices
Lead the Tax Services team in collaboration with Director of Tax Services to deliver best in class compliance and advisory services
Maintain active communication with internal and external clients to manage expectations, ensure satisfaction, and make sure deadlines are met
Provide tax consulting and planning to our firm’s high-net worth clients
Interact closely with client’s other advisors, such as attorneys and financial asset managers to provide cohesive services that take into consideration a comprehensive approach to client needs and goals
Research and consult on tax matters, primarily in the individual, federal estate, gift, charitable planning, and generation-skipping tax arenas
Formulate and deliver innovative tax planning and tax savings strategies including modeling implications of various tax scenarios, harvesting of gains and losses, use of tax credits, formulating AMT strategies, estimating future tax liabilities, compensation planning, IRA beneficiary and distribution planning
Participate in and contribute to business development activities associated with pursuing new potential client service opportunities
Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report’s individual needs
Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required
Communicate decisions, priorities, and relevant information to team members effectively
Support budget management, planning and expenditure
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Strong knowledge of income taxation of individuals, estates, trusts, partnerships, and private foundations, as well as estate, gift and generation-skipping transfer tax is mandatory
Ability to plan client engagements, provide tax consulting services, manage compliance projects, supervise and review work of team staff members, work closely with clients as well as internal partners in a multi-location environment
Exceptional client service and communication skills with a demonstrated ability to develop and maintain outstanding client relationships
Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems
Ability to drive results and balance management of organizational risk and meeting goals of the business
Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals
Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook
Education & Experience
Bachelor’s degree in Accounting or equivalent combination of education and experience required
6+ years experience in the preparation, review and filing of tax returns with focus on individual, fiduciary, private foundation, and partnership returns for high-net-worth clients and their families experience required
3+ years leadership/supervisory experience required
CPA Certification required
Location: 1000 Walnut St, Kansas City, Missouri 64106
Time Type:
Full time
