Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage trust accounts, prepare tax returns, and liaise with trustees and beneficiaries.
- Company: Broadfield UK is a dynamic law firm dedicated to mid-market clients with a focus on client service.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth and development.
- Why this job: Join a team of experts in a supportive culture that values innovation and client success.
- Qualifications: Must have an accounting qualification and 5+ years of trust accounting experience.
- Other info: Experience with complex trusts and accounting software is preferred.
The predicted salary is between 48000 - 72000 £ per year.
Broadfield UK (formerly BDB Pitmans) is a law firm that serves mid-market clients, with deep expertise in multiple practice areas and a strong commitment to client service. As trusted advisors in navigating complexities of law, the Broadfield team is comprised of entrepreneurial experts and leaders who provide legal strategies and solutions tailored to meet the unique needs of each client. With offices currently in London, Cambridge, Reading and Southampton.
The team
Our Private Wealth team provide advice on UK and international tax and estate planning, trusts and trust administration, landed estates and immigration. They also work closely with colleagues in other departments to provide assistance to individuals with matters related to residential property, employment, business affairs and family law.
The opportunity
The main duties will include:
- Preparation of annual trust accounts, completion and submission to HMRC of annual tax returns and arranging all the tax payments
- Preparation of charitable accounts in accordance with the Charities SORP
- Dealing with the reporting of trusts for CRS, FATCA and the Trust Registration Service and other compliance matters
- Maintaining excellent and up to date records of all trust documents, information and transactions
- Liaising with trustees and beneficiaries of trusts as required and communicating with partners and fee earners about relevant trusts
- Arranging trust distributions, including working with solicitor’s to draft required documents
- Liaising with the property managers, the investment managers and financial advisors concerning the trusts\’ investments
- Arranging and attending trustees\’ meetings, preparing reports where required and taking minutes
- Calculation of tax and completion of IHT forms for ten year anniversary and exit charges
Who we are looking for
- Candidates with an accounting qualification and a minimum of 5 years experience of trust accounting and management
- Good knowledge of trusts and the administration of different types of complex trusts (including those with sub-funds)
- Have had good experience of dealing with trusts receiving rental income associated commercial property expenses
- Good knowledge of all income tax, capital gains tax and inheritance tax
- Good working knowledge of an accounting software package (preferably CCH Central) or accounting spreadsheets for tax return preparation
#J-18808-Ljbffr
Trust Manager/Director employer: BDB Pitmans LLP
Contact Detail:
BDB Pitmans LLP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trust Manager/Director
✨Tip Number 1
Network with professionals in the legal and accounting sectors. Attend industry events or webinars where you can meet people who work in trust management. Building relationships can lead to valuable insights and potential referrals.
✨Tip Number 2
Familiarise yourself with the latest regulations and compliance requirements related to trusts, such as CRS and FATCA. Being knowledgeable about these topics will demonstrate your expertise and commitment to staying updated in the field.
✨Tip Number 3
Consider reaching out to current or former employees of Broadfield UK to gain insights into their work culture and expectations for the Trust Manager/Director role. This can help you tailor your approach during interviews.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that highlight your skills in trust accounting and management. Be ready to explain how you've successfully handled complex trust situations, as this will showcase your capability for the role.
We think you need these skills to ace Trust Manager/Director
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Trust Manager/Director position at Broadfield UK. Familiarise yourself with their practice areas and the specific duties mentioned in the job description.
Tailor Your CV: Craft your CV to highlight relevant experience in trust accounting and management. Emphasise your accounting qualifications and any specific experience you have with complex trusts, tax returns, and compliance matters.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the firm. Mention how your skills align with the needs of the Private Wealth team and provide examples of your past achievements in trust management.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a role involving trust administration.
How to prepare for a job interview at BDB Pitmans LLP
✨Showcase Your Expertise
Make sure to highlight your accounting qualifications and relevant experience in trust management. Be prepared to discuss specific examples of complex trusts you've managed, especially those involving rental income and commercial property.
✨Demonstrate Knowledge of Tax Regulations
Brush up on your knowledge of income tax, capital gains tax, and inheritance tax. During the interview, be ready to explain how these taxes impact trust accounting and management, as this will show your understanding of the role's requirements.
✨Familiarity with Software Tools
If you have experience with accounting software like CCH Central, make sure to mention it. If not, be honest about your proficiency with spreadsheets and express your willingness to learn new tools quickly.
✨Communication Skills are Key
As a Trust Manager/Director, you'll need to liaise with various stakeholders. Prepare to discuss how you've effectively communicated with trustees, beneficiaries, and colleagues in the past, as strong communication skills are essential for this role.
