Facet

Senior Taxation Specialist

Facet • $110K — $150K *
US-AnywhereRemote in United States
Legal & Accounting
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 7+ years experience leading a scaled tax prep solution
  • 7+ years experience in personal tax preparation and advice
  • CPA Designation or EA
  • Deep understanding of tax law and regulations, specifically how it impacts individuals
  • Ability to identify tax issues as they arise

Responsibilities

  • Meet with 5-10 members weekly to review and educate on tax strategies
  • Review 15-20 member profiles weekly to provide tailored recommendations
  • Correspond with members to answer tax questions based on service tier
  • Research tax issues to develop effective planning solutions
  • Coordinate tax advice aspects with the Head of Planning
  • Create tax withholding recommendations for members
  • Educate teammates and members on tax-related questions

Benefits

  • Equity (ISO) for employee shareholders
  • Flexible PTO policy
  • Comprehensive benefits including medical, dental, and vision insurance
  • 401(k) plan with employer match
  • Paid short/long-term disability and life insurance
  • Paid parental leave
  • Certification and wellness reimbursement programs
  • Remote work flexibility within the US
Full Job Description
About The Role:

As a Taxation Specialist you will be the subject matter expert on tax advice planning for Facet members. You will be a part of our frontline team that keeps our company on the cutting edge of the financial services industry by providing recommendations to our members and educating the internal team on tax planning opportunities and tax code changes.

Your Day-To-Day Responsibilities:
  • Meet with 5-10 members a week to review tax strategies available to them and provide education when needed.
  • Review 15-20 member profiles per week and provide recommendations based on their tax situation and broader financial planning goals in coordination with their Financial Planner.
  • Correspond with members directly to answer their tax questions in accordance to their service tier.
  • Research tax issues to develop effective tax planning solutions.
  • Coordinate with the Head of Planning on all aspects of tax advice as it relates to the Facet Way of financial planning.
  • Create tax withholding recommendations for members.
  • Educate teammates and members on tax specific questions.


Commonly Discussed Strategies:
  • Roth Conversions
    • Review tax returns with complex income sources to determine the best solution for Roth conversions.
    • Understanding of the impacts Roth conversions have: IRMMA, healthcare subsidies, Social Security taxability.
  • Charitable Donations
    • Experience explaining charitable donation strategies to members (DAF, QCDs, etc.) and the tax impact of the contribution.
  • Rental properties
    • Expertise in depreciation strategies, expense deductions, PAL rules, and 1031 exchanges.
  • Business planning
    • Ability to provide general guidance around business structure and best practices for business owners.
    • Experience analyzing the tax impact of a business sale to help members make informed decisions.

Requirements
  • 7+ years experience leading a scaled tax prep solution
  • 7+ years experience in personal tax preparation and advice
  • CPA Designation or EA
  • Ability to identify tax issues as they arise.
  • Deep understanding of different employee stock option plans (RSUs, ISOs, NSOs, etc)
  • Deep understanding of tax law and regulations, specifically how it impacts individuals


Preferred Skills & Experience:
  • Experience at a Financial Planning focused firm.
  • Ability to handle multiple client engagements in a fast-paced environment.
  • Excellent written and verbal communication skills
  • Superior interpersonal, organizational, and client service skills
  • Client first attitude, professional demeanor, personal integrity and an understanding of fiduciary responsibility

Benefits
  • $110,000 - $150,000 base salary: Determined by experience, knowledge, and skills.
  • Equity (ISO): It is important to us that all employees are shareholders in our mission.
  • Flexible PTO
  • Comprehensive Benefits: Medical, dental, and vision insurance, 401(k) with employer match, short/long-term disability (paid by Facet), life insurance, and paid parental leave.
  • Certification and wellness reimbursement programs
  • Work from anywhere in the US

About Facet

Facet is a technology company that provides a platform for wealth management advisors. The company's platform offers a range of tools and services to help advisors manage their clients' investments, including portfolio management, trading, and reporting. Facet was founded in 2016 and is headquartered in New York City.
Learn more about Facet
Size
51 employees
Industry
Information Technology
* Ladders Estimates

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