Ram Real Estate
VP, Head of Tax
Ram Real Estate, Palm Beach Gardens, Florida, United States
Ram Realty Advisors LLC acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $4.8 billion of capital. Ram and its predecessor entities were founded in 1978. The Company is headquartered in Palm Beach Gardens, Florida, and has offices in Tampa, Florida; Charlotte and Chapel Hill, North Carolina; and Nashville, Tennessee.
www.ramrealestate.com .
The Head of Tax role offers the opportunity to join a growing real estate investment management platform and provide leadership and oversight for tax planning and reporting. The role includes management of outside tax professionals and preparers with a high degree of professionalism and integrity. The Head of Tax will maintain a strong working knowledge of regulations and policies and provide strategic direction to firm principals regarding same.
Essential Duties and Responsibilities:
•Manage multiple tax engagements with 3rd party CPA firms (Big 4 and regional firms). Review of K-1s, workpapers, federal and state tax returns for completeness and accuracy.
•Maintain a comprehensive working knowledge of tax policy (both state and federal) and other regulatory implications both directly and with guidance from outside professionals. Ensure compliance with local, state, and federal laws/regulations.
•Participate in entity structuring with external tax and legal advisors. This may be structuring at the investor, fund (e.g. partnership), REIT, or property level.
•Directly perform and/or review tax implications of structuring alternatives. Communicate potential issues (and opportunities) to internal management team succinctly and clearly (e.g. laymen's terms).
•Act as primary point of communication with partners/investors relative to tax issues.
•Oversee REIT compliance: REIT testing, 1099-DIV calculations and forms, prepare dividend resolutions for all REITs, REIT offering process for any newly formed REITs, liquidations, and pre-acquisition analysis for REIT suitability.
•Oversee tangible personal property returns with 3rd party consultant (planning, review, and oversight).
•Quarterly review of financial data for tax efficiency. Prepare (or review if prepared by 3rd party CPA firm) tax projections.
•Oversight of fixed asset capitalization and depreciation expense policies. Note that the methodologies may vary based on ownership structure of the various vehicles (e.g. REITs, partnerships, etc.).
•Maintain organizational charts for the various entities and vehicles.
•Work together with the CFO and Fund Controller to streamline financial operations and consistently apply appropriate tax and accounting practices.
•Other duties as assigned, including periodic (i.e., outside of peak tax season) assistance with audits, quarterly financial statements, capital calls and distributions, etc.
Requirements
These requirements represent the education, knowledge, skill, certifications/licensure and/or ability required to perform the job satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties noted above.
•Requires a minimum of 7 years of public accounting tax experience (preferably a Big 4 or large national firm).
•Bachelor's degree in accounting or related field; CPA preferred.
•Proficiency with Microsoft Office suite of software. Advanced Excel and data entry skills required. Experience with Yardi strongly preferred.
•Experience with real estate partnerships; REIT experience preferred.
•Must be familiar with regulations at the federal, state, and local level.
These characteristics and skills are essential for success in this role:
•Ability to problem-solve with consultants, research, and follow up through resolution.
•Ability to read, analyze, and interpret correspondence and business reports.
•Ability to deal with employees in a professional manner utilizing good interpersonal skills.
•Must be punctual and complete assignments within expected time frames. Expected to display initiative and be proactive.
www.ramrealestate.com .
The Head of Tax role offers the opportunity to join a growing real estate investment management platform and provide leadership and oversight for tax planning and reporting. The role includes management of outside tax professionals and preparers with a high degree of professionalism and integrity. The Head of Tax will maintain a strong working knowledge of regulations and policies and provide strategic direction to firm principals regarding same.
Essential Duties and Responsibilities:
•Manage multiple tax engagements with 3rd party CPA firms (Big 4 and regional firms). Review of K-1s, workpapers, federal and state tax returns for completeness and accuracy.
•Maintain a comprehensive working knowledge of tax policy (both state and federal) and other regulatory implications both directly and with guidance from outside professionals. Ensure compliance with local, state, and federal laws/regulations.
•Participate in entity structuring with external tax and legal advisors. This may be structuring at the investor, fund (e.g. partnership), REIT, or property level.
•Directly perform and/or review tax implications of structuring alternatives. Communicate potential issues (and opportunities) to internal management team succinctly and clearly (e.g. laymen's terms).
•Act as primary point of communication with partners/investors relative to tax issues.
•Oversee REIT compliance: REIT testing, 1099-DIV calculations and forms, prepare dividend resolutions for all REITs, REIT offering process for any newly formed REITs, liquidations, and pre-acquisition analysis for REIT suitability.
•Oversee tangible personal property returns with 3rd party consultant (planning, review, and oversight).
•Quarterly review of financial data for tax efficiency. Prepare (or review if prepared by 3rd party CPA firm) tax projections.
•Oversight of fixed asset capitalization and depreciation expense policies. Note that the methodologies may vary based on ownership structure of the various vehicles (e.g. REITs, partnerships, etc.).
•Maintain organizational charts for the various entities and vehicles.
•Work together with the CFO and Fund Controller to streamline financial operations and consistently apply appropriate tax and accounting practices.
•Other duties as assigned, including periodic (i.e., outside of peak tax season) assistance with audits, quarterly financial statements, capital calls and distributions, etc.
Requirements
These requirements represent the education, knowledge, skill, certifications/licensure and/or ability required to perform the job satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties noted above.
•Requires a minimum of 7 years of public accounting tax experience (preferably a Big 4 or large national firm).
•Bachelor's degree in accounting or related field; CPA preferred.
•Proficiency with Microsoft Office suite of software. Advanced Excel and data entry skills required. Experience with Yardi strongly preferred.
•Experience with real estate partnerships; REIT experience preferred.
•Must be familiar with regulations at the federal, state, and local level.
These characteristics and skills are essential for success in this role:
•Ability to problem-solve with consultants, research, and follow up through resolution.
•Ability to read, analyze, and interpret correspondence and business reports.
•Ability to deal with employees in a professional manner utilizing good interpersonal skills.
•Must be punctual and complete assignments within expected time frames. Expected to display initiative and be proactive.