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Senior Tax Associate

Company: The Lightstone Group, LLC
Location: Lakewood
Posted on: April 3, 2024

Job Description:

COMPANY DESCRIPTION:Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 209 existing properties, Lightstone's over $9 billion portfolio currently includes over 13 million square feet of industrial, life sciences, and commercial properties, over 25,000 residential units, and over 5,100 hotel keys. Lightstone's development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.ROLE: Senior Tax Associate Leading real estate investment and development firm seeks a full-time senior tax associate to join the Corporate Finance Department.The position will report into the Director of Tax & Finance and be located in the Lakewood NJ office. KEY RESPONSIBILITES:The Senior Tax Associate will report to the Director of Tax and Finance, and have the following primary responsibilities: Manage various tax compliance, tax strategic planning, and other tax related activities:

  • Oversee tax compliance process, including extensions, estimates and tax returns, coordinating with internal accounting teams and external tax advisors
  • Calculate tax gain on sales of assets; calculate requirements for Section 1031 like-kind exchanges to defer recognition of gains
  • File monthly and quarterly NY Sales tax returns for five hotel entities based in New York City.
  • Monitor multi-year tax projections, using reforecast financials on a quarterly basis, for each of Lightstone's five REITs to ensure appropriate dividend coverage for taxable income distribution requirements
  • Ensure quarterly and annual REIT compliance tests are satisfied across Lightstone's five REITs
  • Calculate quarterly tax accrual entries for REIT and TRS entities
  • Address tax notices from all jurisdictions to ensure proper credits and payments are applied
  • Periodically review sub-lease agreements between Taxable REIT Subsidiaries (TRS's) and hotel fee owners in our REIT portfolios
  • Manage and coordinate tax audits of income tax, sales & use tax, franchise tax, etc.
  • Calculate periodic taxable income estimates for various JV partners
  • Prepare W-9s, POAs and other simple tax forms for requesting vendors KEY ATTRIBUTES/EXPERIENCE
    • 5 + years tax experience at large or regional CPA firm or real estate company. CPA and /or masters in tax preferred but not required.
    • Bachelors Degree in Accounting or Real Estate Finance/Tax Compensation details: 85000-110000 Yearly SalaryPIbe6c3b1fbd8f-31181-34129437

Keywords: The Lightstone Group, LLC, Lakewood , Senior Tax Associate, Other , Lakewood, New Jersey

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