Trusts Administrator - Nottingham, United Kingdom - James Kay Associates Ltd

James Kay Associates Ltd

Verified Company

Nottingham, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

James Kay Associates are looking for a Trusts Administrator to join a legal firm in Nottingham on a full-time permanent basis.

Salary - £30,000 - £50,000 DOE

Parking onsite

Hybrid working available

Excellent benefits, holidays pension etc

Detailed knowledge of HMRC's Trust Registration Service (TRS) registration requirements
Knowledge of reporting using the Capital Gains Tax on UK Property service
Knowledge of or previous use of professional tax software
Maintaining TRS records annually and closing TRS records as required
The completion of documents required in trust administration including trust and estate tax returns, annual trust accounts and inheritance tax accounts including 10 year periodic charge returns.
Ability to advise trustees on their responsibilities under TRS reporting
Ability to advise trustees on their responsibilities under wider tax reporting including income tax, capital gains tax, inheritance tax (and possibly stamp duty please check), could say "Knowledge of trustee reporting responsibilities for various taxes"
Liaising with beneficiaries as required
Liaising with third parties such as financial advisers and HMRC

What you will be responsible for

The development of an interactive database of trust matters and the associated collateral to deliver a streamlined service
Detecting individual trusts from our existing records and, with the assistance of a junior team, populating a composite database of all Trust matters under management
Promoting our trustee services to the trustees of all trusts so identified
Overseeing the streamlined retirement of former partners and the transition to RTL/new trustees
Providing regular reports on progress to Private Client Lead Partner
Coordinating the annual management of each trust to include;
Preparation of annual report to trustee
Maintenance of internal compliance requirement
Coordination of trustee meetings/agendas and minute
Liaising with trustees and beneficiaries throughout or/coordinating such matters via matter manager
Preparation of annual trust accounts
The preparation of annual trust tax returns/collating details for provision to our partner accountancy practices and maintenance of links with those practices
Cash flow management
Liaison with intermediaries; stockbrokers, insurance brokers and land agents
Provision of tax advice to trustees and settlors and scheduling distributions to beneficiaries or the commissioning of such advice/provision of instructions to procure such advice
File management
Effective, efficient and timely management of all matter
Proactively developing new business opportunities from internal crossreferrals, existing clients and other professionals
Meeting agreed targets for chargeable time, fee income generated, billing and fee collection

This is an exciting opportunity to be involved in, interesting and good quality work as a member of a growing team which looks outwards and thrives on delivering a great job for clients.