Managing Director, Tax

Fairstead ESC LLC

$200K — $250K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • 15+ years of tax experience, particularly in real estate and multi-state partnership compliance
  • Prior leadership in tax roles like Head of Tax or Tax Director at real estate firms
  • Deep expertise in partnership taxation, specifically regarding Section 704(b)/704(c)
  • Proficient in compliance for multi-state income, franchise, and property taxes
  • Strong experience in managing federal and state tax audits
  • CPA required; JD, LLM in Taxation, or MST strongly preferred
  • Excellent communication skills for conveying complex tax concepts to non-experts

Responsibilities

  • Lead all tax functions, including compliance and planning for federal, state, and local taxes across 28 states
  • Develop and execute the overall company tax strategy with a focus on minimizing effective tax rates
  • Oversee multi-state and federal tax return preparation and review, including consolidated filings
  • Champion AI and automation tools to enhance compliance and research efficiency
  • Direct tax structuring for property transactions including acquisitions and joint ventures
  • Provide guidance on complex partnership taxation issues and entity structuring
  • Manage relationships with external tax advisors and monitor legislative developments affecting tax strategy

Benefits

  • Emphasis on diversity in backgrounds and experiences
  • Competitive total compensation based on experience and market benchmarks
  • Supportive leadership team including direct reporting to CFO and collaboration with executive team
  • Opportunity to implement advanced technologies within the tax function
  • Potential for professional growth in a senior role overseeing complex tax functions
Full Job Description
The Managing Director, Tax is a senior role responsible for overseeing all tax functions at Fairstead. Reporting directly to the CFO, this individual will serve as Fairstead's senior-most tax authority, providing strategic direction and hands-on oversight of federal, state, and local tax matters across a complex multi-entity, multi-jurisdictional organizational structure. This individual will collaborate extensively with legal, accounting, finance, ventures and development teams to support Fairstead's operational and growth objectives. Responsibilities: • Lead all aspects of the company's tax function, including federal, state, and local income tax compliance, planning, and reporting across 28 states • Develop and execute the company's overall tax strategy, with a focus on LIHTC, minimizing effective tax rate (at State and local levels), REITS (as they relate to some of our JV partners), and managing tax risk across a large real estate portfolio and ancillary business lines • Oversee preparation and review of federal and multi-state partnership, personal, corporate tax returns, including consolidated and combined filings • Champion the adoption of AI and automation tools within the tax function to streamline compliance workflows, improve data accuracy, and enhance efficiency in tax research, provision, and reporting processes • Direct tax structuring for property acquisitions, dispositions, joint ventures, 1031 exchanges, development projects, and capital markets transactions • Provide technical guidance on partnership taxation, including complex waterfall structures, promote interests, capital account maintenance, and Section 704(b) and 704(c) allocations • Advise on entity structuring and legal entity rationalization to support business operations, investment activity, and estate or succession planning for ownership • Manage state and local tax compliance obligations, including income, franchise, transfer, and property tax filings across all operating jurisdictions • Lead and manage relationships with external tax advisors, accounting firms, and specialized tax counsel • Monitor federal and state legislative and regulatory developments and assess their impact on the company's tax position and business strategy • Serve as a key advisor to the CFO, CEO, and executive leadership team on all tax matters, including strategic transactions and capital structure decisions • Manage federal and state income tax audits, and examinations • Establish and maintain internal controls, policies, and procedures related to the tax function • Coordinate investor tax reporting, including K-1 preparation and distribution for fund and joint venture investors Requirements: • Minimum of 15 years of tax experience, with significant time spent in real estate, with direct experience in multi-state partnership tax compliance and planning • Prior experience as a Head of Tax, VP of Tax, Tax Director, or equivalent senior in-house tax leadership role at a real estate operating company, private equity real estate firm, or real estate development company • Deep technical expertise in partnership taxation, including Section 704(b)/704(c), carried interests, and complex multi-tier partnership structures • Proficiency in multi-state income, franchise, and property tax compliance across a large, geographically distributed portfolio • Experience managing federal and state tax audits by taxing authorities • CPA required; JD, LLM in Taxation, or MST strongly preferred • Strong communication and presentation skills with the ability to translate complex tax matters for non-tax executives and ownership • Experience at a public accounting firm in a real estate tax practice is highly preferred • Experience with multi-state sales and use tax compliance and nexus analysis, including nexus studies and voluntary disclosure agreements Diversity in backgrounds and experiences is key to Fairstead's success. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.

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