Senior Tax Counsel - Real Estate

Corebridge Financial • Jersey City, NJ

4d • Hybrid

About The Position

This role will provide strategic tax advice and support to the Corebridge Real Estate Investors “(CREI”) function. The Tax Advisory team seeks a highly motivated individual who will report to the Head of Tax Advisory and who will be the lead tax advisor to CREI, responsible for structuring and tax analysis of Corebridge’s real estate investments in addition to ensuring compliance with US federal, state and local tax laws. This position also provides an opportunity for ad hoc support of other areas within the Tax Advisory group as well as the financial reporting and compliance arms within the Corebridge Tax team. Key responsibilities involve providing day to day advisory coverage to CREI on all U.S. federal, state and local income tax matters pertaining to acquisitions and sales of real estate investments held via U.S. and non-U.S. fund structures, including via REITs.

Requirements

• 6+ years of progressive relevant subject matter experience as a tax associate at a law firm or in a real estate tax-planning function at a Big Four accounting firm or US multinational insurance company/financial services company.
• Must have real estate experience
• J.D. or L.L.M. degree from an accredited U.S. law school and license to practice law required.
• Be a trusted partner, possess integrity and a strong work ethic;
• Possess strong attention to detail, organizational, planning, analytical, and listening skills;
• Be process oriented, a self-starter, problem solver, and follow-through on commitments;
• Be proactive, flexible, adaptable, collaborative, enthusiastic and able to work in a fast-paced environment;
• Possess excellent oral and written communication skills, teamwork, negotiation and persuasion; skills, with the ability to engage with business leaders and senior leadership;
• Able to work independently, exercise good judgement and be decisive;
• Be open to new ideas;

Nice To Haves

• Experience with US multinational insurance companies and/or financial services companies a plus.

Responsibilities

• Partnering with teams across Legal, Accounting, and CREI to understand business objectives and delivering on tax efficient structures and planning strategies.
• Structuring and evaluating transactions, including leading and conducting due diligence and review and approval of all investment structures (including REITs) from a tax perspective.
• Independently reviewing, negotiating and approving tax related provisions of all legal documents, including, but not limited to, Joint Venture Agreements, Tax Exhibits, Purchase & Sale Agreements, and Loan Agreements.
• Partnering with Legal, Accounting and CREI to identify, advise on and manage risks for all real estate investments and transactions, including funds with third party investors.
• Managing relationships with outside advisors to ensure timely, on budget delivery of tax services.
• Collaborating with the tax compliance function on returns and any required documentation as well as coordinating tax compliance issues regarding entity formations and entity dispositions.
• Managing and coordinating state and local tax work, including captive REIT issues, non-resident withholding, state tax notices, state tax refund filings, and various investment issues such as transfer taxes.
• Supporting the CREI London team to ensure all non-U.S. deals have appropriate local tax structuring and documentation and U.S. tax issues are considered and managed appropriately.
• Analyzing US federal, state and local tax law developments and advise and business partners and senior leadership on potential impacts, as appropriate.
• Translating complex tax advice into common language for business partners and senior leadership.
• In depth understanding of the interaction of Pillar Two rules and majority owned non-U.S. legal entities investing in real estate.
• Support the Tax Department on ad hoc projects and business initiatives as needed.

Benefits

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree