Senior Tax Associate
Company: The Lightstone Group, LLC
Location: Lakewood
Posted on: April 30, 2024
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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
advisorsCalculate tax gain on sales of assets; calculate
requirements for Section 1031 like-kind exchanges to defer
recognition of gainsFile 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 requirementsEnsure
quarterly and annual REIT compliance tests are satisfied across
Lightstone's five REITsCalculate quarterly tax accrual entries for
REIT and TRS entitiesAddress tax notices from all jurisdictions to
ensure proper credits and payments are appliedPeriodically review
sub-lease agreements between Taxable REIT Subsidiaries (TRS's) and
hotel fee owners in our REIT portfoliosManage and coordinate tax
audits of income tax, sales & use tax, franchise tax, etc.Calculate
periodic taxable income estimates for various JV partnersPrepare
W-9s, POAs and other simple tax forms for requesting vendors KEY
ATTRIBUTES/EXPERIENCE5 + 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
SalaryPI29dad5d09371-25660-34129437
Keywords: The Lightstone Group, LLC, Toms River , Senior Tax Associate, Accounting, Auditing , Lakewood, New Jersey
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