As Needed Director, Cost Segregation | Real Estate Solutions
Posted October 10, 2023
Apply: FTI Consulting, Inc.
FTI Consulting is the world's leading expert-driven consulting firm. Over the last 40 years, FTI Consulting experts have served as the trusted advisor to Fortune 500 companies and the world's leading law and private equity firms when they are facing their greatest opportunities and challenges. Our strong performance and continued success are a direct reflection of the ambition, energy, and commitment of our talented professionals across the globe to make a positive impact for our clients and communities.
At FTI Consulting, you'll be inspired and empowered to make an impact on headline matters that change history. Working side by side with the world's leading experts in your field, you'll be surrounded by an open collaborative culture that embraces diversity, recognition, professional development and most importantly, you.
There's never been a more exciting time to join FTI Consulting and this is where you will do the most exciting and fulfilling work of your career.
Are you ready to make an impact?
About the Role
FTI Consulting's Cost Segregation practice focuses on an engineer-based study of all of the individual assets purchased in a real estate transaction. Cost segregation is the method of re-classifying components and improvements of your commercial building from real property to personal property, resulting in significant tax savings benefits for the property owner. This allows the taxpayer to use an accelerated depreciation schedule resulting in higher tax deductions in the early years of the purchase of a property.
What You'll Do
This is a great opportunity for a technical professional to be part of an analytical team that provides cost segregation services to support corporate and personal tax reporting and compliance matters. The workflow for the candidate will include coordinating and visiting a property and performing a walk-through of the entire property. The individual will meet with property managers, building engineers and have intensive conversations regarding the structure and use of property. After the site visit, the individual will review information provided by the client (i.e. drawings, financial information, appraisals, site visit notes) and complete the cost segregation analysis. This will include identifying and quantifying each component, allocating the total cost of the building across all the components, reclassify each component according to the law based on the facts and circumstances, assign shorter tax lives accordingly and recompute the accelerated depreciation to date. Responsiveness to client deadlines for tax returns and special projects is critical. The candidate will have the opportunity to grow with high visibility clients and management.
- Analyze various financial, architectural, and construction documentation
- Manage workflow to ensure project completion within submitted budgets and client and internal deadlines
- Read, interpret, and explain engineering and architectural drawings
- Examine any available construction blueprint/drawings to identify and properly classify all depreciable assets
- Have a solid understanding of real estate appraisals and valuations
- Conduct on-site inspections to notate and document the nature and use of all depreciable property
- Review estimates within costing manuals such as RS Means Cost Estimator and Marshall & Swift when actual costs are not available
- Review and analyze construction project invoices, payment applications and cost documentation
- Determine the appropriate tax life for building components in accordance with IRS Regulations
- Prepare detailed schedules & reports summarizing and supporting the results of our depreciation analysis
- Local & nationwide travel required (up to 30%)
How You'll Grow
We are committed to investing and supporting you in your professional development and we have developed a range of programs focused on fostering leadership, growth and development opportunities. We aim to promote continuous learning and individual skills development through on-the-job learning, self-guided professional development courses and certifications. You'll be assigned a dedicated coach to mentor, guide and support you through regular coaching sessions and serve as an advocate for your professional growth.
As you progress through your career at FTI Consulting, we offer tailored programs for critical professional milestones to ensure you are prepared and empowered to take on your next role.
What You Will Need To Succeed
Basic Qualifications
- Bachelor's degree in engineering, Construction Management, Architecture, or related field
- 5+ years' post graduate experience
- Ability to read construction drawings
- Proficiency with Microsoft Office Suite software - specifically Excel, Access, and Word
- Ability to travel as required
- Applicants must be currently authorized to work in the United States on a full-time basis; the employer will not sponsor applicants for work visas
Preferred Qualifications
- Preparing cost segregation studies
- Excellent communication and individual time management skills
- Detail oriented
- Basic familiarity with general tax depreciation rules
- Existing knowledge of tax law in its relation to depreciation, construction practices, civil engineering, or cost estimating procedures is desirable
Our Benefits
Our goal is to support the well-being of you and your families-physically, emotionally, and financially. We offer comprehensive benefits such as the following:
- Competitive total compensation, including bonus earning potential
- Full package of benefits plans, including medical, dental, and vision coverage along with life and disability insurance
- Generous paid time off
- Company matched 401(k) retirement savings plan
- Potential for flexible work arrangements
- Generous paid parental leave and flex return support
- Family care benefits, including back-up child/elder care
- Employee wellness platform
- Employee recognition programs
- Paid time off for volunteering in your community
- Corporate matching for charitable donations most important to you
- Make an impact in our communities through company sponsored pro bono work
- Professional development and certification programs
- Free in-office snacks and drinks
- Free smartphone and cellular plan (if applicable)
- FTI Perks & Discounts at retailers and businesses
- Upscale offices close to public transportation
About FTI Consulting
FTI Consulting is a global business advisory firm dedicated to helping clients with their most significant opportunities and challenges. With more than 7,600 employees located in 31 countries, our broad and diverse bench of award-winning experts advise their clients when they are facing their most significant opportunities and challenges. At FTI Consulting, we embrace, cultivate and maintain a culture of diversity, inclusion & belonging, which are fundamental components to our core values. FTI Consulting is publicly traded on the New York Stock Exchange and has been named the #1 Professional Services Firm on Forbes List of America's Best Employers and the best firm to work for by Consulting Magazine. For more information, visit www.fticonsulting.com and connect with us on Instagram and LinkedIn .
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.