Tax Operations Analyst

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Overview:

This position is responsible for coordinating complex trust tax operations and ensuring compliance with federal and state regulations. It requires strong coordination across internal teams, external partners, and vendors to maintain accurate processes and timely filings. The role emphasizes proactive oversight of tax and retirement account requirements, risk mitigation through effective controls and documentation, and clear communication to support client and organizational objectives.

Responsibilities:

• Serve as primary liaison with tax processing vendor: clarify issues and manage escalations.

• Work closely with administration on tax-related issues, trust structuring, and client communications.

• Coordinate with tax vendor to ensure tax estimates are processed timely and accurately

• Process withholding payments with the various states

• Establish and maintain internal review checklists, workflows, and documentation practices for all trust tax activities.

• Oversee timely filing of fiduciary tax forms (e.g., IRS Form 1041, state trust returns), extensions, etc.

• Ensure Individual Retirement Accounts (IRAs) are set up in compliance with IRS regulations, including accurate beneficiary designations and proper account titling.

• Monitor Required Minimum Distributions (RMDs) to ensure calculations are accurate and distributions occur in a timely manner to avoid penalties.

• Coordinate with internal teams to proactively address RMD-related issues (e.g., missed distributions, incorrect valuations).

• Perform tax review for account closing process

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Other Duties:

• Assist with account closing processing

• Provide coverage for other members of the Business Operations Management team

Requirements:

• Bachelor's degree

• Detail-oriented and efficient professional with strong organizational skills and a focus on accuracy in operations

Preferences:

• 0-2 years’ experience in an administrative role in the trust operations, brokerage, or investment fields

• Some knowledge and experience in trust accounting, bank compliance, and trust laws such as principal and income accounting laws would be beneficial.  

#LI-PA

 

Pay Range:

$20.16-$33.59/hour

 

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, w