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Director, Taxation


Position Description

Title: Directory, Taxation

Department: Office of the CFO

Reports To: Treasurer/Corporate Vice President, Finance


Function: The Tax Director is responsible for managing a publicly traded real estate investment trust (“REIT”)’s domestic and international tax accounting for a publicly-traded real estate investment trust investing primarily in focused-service hotels. Primary responsibilities include directing and managing all tax compliance activities for investment entities for a corporate portfolio comprised of more than 140 properties throughout North America and assets in excess of $3.6 billion. The incumbent is responsible for working closely with auditors and tax consultants to prepare taxes, reports and analyses. Maintains financial objectives in accordance with Generally Accepted Accounting Principles (GAAP), and RLJ’s accounting practices to ensure that tax and accounting policies, effective controls and efficient procedures are implemented and enforced to safeguard company assets. The incumbent will require broad conceptual judgment, initiative, and the ability to manage sensitive and confidential financial matters.

Responsibilities:

  • Develops and manages a comprehensive tax compliance calendar for all investment entities to include, but not be limited to, the following information
    • The corporate entities required to file federal returns and required due dates for the returns; The corporate entities required to file state tax returns and required due dates for the returns;
    • Those entities which can file extensions, with payment information, and due dates and;
    • A schedule of the required information for the tax consultants to prepare all returns, filings, and estimates.
  • Works extensively with and acts as liaison to auditors regarding tax issues. Provides documents and analyses as appropriate.
  • Manages tax advisors in preparing REIT, partnership, and corporate tax returns and other tax documents to ensure that the returns are accurate and filed on a timely basis.
  • Prepares quarterly and annual REIT tests and quarterly estimate of annual REIT test.
  • Maintains the taxable REIT subsidiary corporate provision in accordance with ASC 740.
  • Responsible for the tax footnotes on all filings with the SEC.
  • Monitors and reviews tax basis depreciation calculations.
  • Maintains financial objectives in accordance with tax law, and the company’s accounting practices to ensure that tax and accounting policies, effective controls and efficient procedures are implemented and enforced to safeguard the company’s assets.
  • Maintains internal control documentation for all tax procedures and monitors compliance with Sarbanes-Oxley Act and other similar regulations.
  • Conducts research on accounting for income taxes in accordance with US tax code and understand issues for foreign GAAP and taxes.
  • Prepare annual distribution analysis and monitor and review annual 1099 preparation
  • Prepare tax returns as needed.
  • Identify and analyze tax planning opportunities and process improvements.
  • Remain current with federal and state tax law changes, audit issues, industry changes and expansion opportunities.
  • Develop and manage project plans with clear milestones and deliverables, and initiate regular communication with key project stakeholders.
  • Develop and manage process improvement initiatives designed to enhance the level of service provided, increase controls, increase the efficiency of the tax compliance process, and enhance business reporting initiatives.
  • Serve as management liaison for tax issues and ensure inquiries are addressed and resolved in a timely manner
  • Produce ad-hoc reports as requested.
  • Perform other related duties as requested, directed or assigned
  • Advise on tax related matters relating to acquisition and disposition transactions

Skills:

  • Expert knowledge of accounting best practices, principles, practices and methodologies including a thorough knowledge of GAAP, Financial Accounting Standards (FAS) and the U.S. tax code
  • Broad conceptual judgment, initiative, and the ability to manage sensitive and confidential financial matters.
  • Demonstrated aptitude to prepare and analyze complex tax and financial reports.
  • Strong influence-management, negotiation, leadership and assertiveness skills.
  • Effective interpersonal, verbal and written communication skills including the ability to communicate complex tax and accounting principles, requirements and policies to non-financial management and associates.
  • Ability to multi-task and manage multiple priorities, with a track record of managing and completing projects on time.
  • Highly organized, flexible and detail-oriented individual who can perform and execute under pressure to meet tight deadlines.
  • Skilled in the advanced operation and functions of financial system applications databases including Yardi.
  • Proficient in Microsoft Office applications.
  • Knowledge of the hotel or commercial real estate investment industry is desirable.

Education:

  • BA or BS degree in Accounting or Finance required.
  • Advanced degree in Taxation (or MBA, CPA) strongly preferred.

Experience:

  • Minimum of 5 years of progressive Tax Management experience required.
  • Extensive experience in corporate and partnership tax research, analysis, consulting, and compliance desired.
  • Strong financial reporting background required.
  • Extensive experience with REIT structures and related tax issues/requirements

 


This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.

A review of this position has excluded the marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and responsibilities are essential job functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbent(s) will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities.

This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.

 


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