Mid-to-Senior Level Tax Leader

NNN REIT, Inc.; Orlando (FL); On-site; USD 110,000 - 150,000; Full time

Job summary

A real estate investment trust in Orlando, FL is seeking a Mid-to-Senior Level Tax Leader. This role will be responsible for managing tax compliance, overseeing tax strategy development, and ensuring adherence to REIT provisions. The ideal candidate will have extensive experience and a CPA. Competitive compensation in a supportive environment is offered.

Qualifications

• 7+ years related functional and managerial/leadership experience.
• Strong knowledge of US GAAP.
• CPA required.

Responsibilities

• Manage tax compliance obligations for company entities.
• Coordinate with consultants on tax strategy and compliance.
• Develop tax planning strategies to minimize obligations.
• Supervise training and development of direct reports.
• Lead tax audits and manage tax research projects.

Skills

Initiative

Problem Solving/Analytical skills

Organization and Time Management

Decision Making ability

Developing Relationships

Planning

Self-motivated and proactive

Education

Master’s degree

Bachelor’s degree in Accounting

Job description

Overview

NNN REIT is looking for a Mid-to-Senior Level Tax Leader to join our team in Downtown Orlando, FL. This role will manage tax return compliance requirements for all company entities, manage the annual REIT E&P calculation and reporting process, and provide guidance to Acquisitions, Asset Management and Senior Management to ensure that investments, acquisitions, dispositions and operations of the REIT and related entities are properly structured to comply with REIT provisions while maintaining close to 100% taxable income payout ratio.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Manage all aspects of the company’s tax compliance obligations including preparation and/or review of over 300 tax returns, extensions, estimates and tax qualifications
• Manage and coordinate with outside tax consultants on the preparation of tax returns, research and various tax strategies including Puerto Rico compliance
• Develop and implement tax planning strategies to minimize tax obligations
• Project Earnings & Profits calculation and Taxable income, report results to the CFO
• Project Section 163(j) (interest expense) limitation and report to the CFO
• Utilize tools such as Sec 1031 Like-kind Exchange and Sec 1033 Involuntary Conversions to manage the projected (i) Earnings & Profits, (ii) Taxable Income and (iii) Interest expense deduction
• Manage year-end Earnings & Profits calculation and reporting of dividend split to external parties
• Supervise the training, management, professional development and evaluation of direct reports
• Manage preparation and review of the GAAP income tax provision work papers and income tax footnote disclosure in SEC filings. Participate in SEC filings Disclosure Committee
• Manage REIT compliance testing including REIT Qualification Checklist to ensure REIT status is maintained
• Analyze property sales for necessity/potential of Sec 1031 Like-kind Exchange to avoid prohibited REIT transactions and to manage taxable income
• Review and comment on internal and external documents for capital market transactions
• Comprehensive knowledge of state and local tax (SALT) planning / strategies for all 50 states, numerous local jurisdictions (city, county, school district) and Puerto Rico
• Preparation of annual state and local income tax and franchise tax expense accruals and budget
• Maintain documentation of compliance with REIT shareholder demand letter requirements
• Optimize entity structure to minimize complexity while meeting business needs
• Participate in transaction analysis and planning
• Manage preparation and review of ASC 740-10 memorandum
• Update and monitor internal controls for tax functions, in compliance with SOX, and adjust process and procedures as necessary
• Lead tax audits, including planning and defense
• Perform/supervise tax research projects
• Manage preparation/review of special projects
• Maintain working relationship with SVP of Accounting, Legal Department, Acquisitions Department and Senior Management
• Assist with tax research of payroll/benefit matters as necessary including review of 401(k) and benefit plan tax filings

CORE COMPETENCIES

• Initiative
• Problem Solving/Analytical skills
• Organization and Time Management
• Decision Making ability
• Developing Relationships
• Planning
• Self-motivated and proactive

SUPERVISORY RESPONSIBILITIES

This job does have supervisory responsibilities.

EDUCATION and/or EXPERIENCE

Master’s degree preferred; Bachelor’s degree in Accounting from an accredited college or university, and 7+ years related functional and managerial/leadership experience; or equivalent combination of education and experience. Strong knowledge of US GAAP.

CERTIFICATES, LICENSES, REGISTRATIONS

CPA required