Manager - Cost Segregation - Construction Industry (6-8 yrs)

Cost Segregation Manager

Job Responsibilities:

- Conduct photo-document and verify assets, ensuring property conditions match received information and inventorying assets for purchases.

- Consult with the client to confirm that purchase or construction costs match financial statements and ensure correct inclusion or exclusion from the tax basis per federal regulations.

- Identify building structures, systems, land improvements, and personal property assets using on-site tour data, construction costs, purchase information, and drawings.

- Assign tax basis to assets using relative replacement cost allocation for purchases and actual cost data with engineering estimates for new properties.

- Assign federal tax asset classifications to building components, systems, land improvements, and personal property based on relevant guidance and rules.

- Prepare reports detailing the methodology for tax basis assignment and asset classifications, including transaction narratives and supporting legal references.

- Understand MACRS Depreciation, including rules for in-service dates, tax classifications, recovery periods, and depreciation methods and conventions.

- Be familiar with regulations under 1.263(a)-1, -2, and -3 for capitalization and expensing of tangible property, and knowledge of Uniform Capitalization (UNICAP) rules under IRC Section 263A.

- Identify and analyze fixed assets on financial statements, fixed asset ledgers, and federal tax returns, and review real estate purchase documentation, including escrow statements, appraisal reports, and other third-party documents.

Skills Required:

- Degree in Accounting/Business required; Master's degree preferred.

- Minimum of 6 years of related experience in Cost Segregation practice.

- CA, CPA or EA designation preferred.

- Experience performing cost segregation studies or related construction duties such as estimating preferred.

- Experience within public accounting preferred.

- Experience with the federal rules and regulations governing tax depreciation preferred.

- Ability to identify technical issues, analyze information and report findings to the client.

- Previous experience training and leading a successful team.

- Strong written and verbal communication skills.