Tax Manager

Fairstead ESC LLC•New York, NY

1d•$90,000 - $150,000

About The Position

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, Texas, and Washington DC, Fairstead owns a portfolio of more than 27,000 apartments across 28 states that includes 27,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management. Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships Fairstead is seeking an experienced Tax Manager to join our finance team. This role will be responsible for managing tax compliance, planning, and structuring for our portfolio of affordable housing properties. The ideal candidate will bring deep expertise in real estate taxation, partnership structures, and complex tax planning, with a strong foundation in public accounting.

Requirements

CPA certification (Certified Public Accountant)
Bachelor's degree in Accounting, Finance, or related field required
7+ years of progressive tax experience with focus on real estate taxation
Substantial public accounting experience at a regional or national firm (minimum 3-5 years)
Deep expertise in partnership taxation and multi-tiered ownership structures
Proven experience with real estate transactions, including acquisitions, dispositions, and refinancings
Strong background in tax compliance for partnerships and real estate entities
Expert knowledge of federal and state tax laws affecting real estate and partnerships
Strong understanding of tax basis, capital accounts, and partnership allocation rules
Proficiency with tax research tools (RIA, BNA, CCH, etc.) and tax software
Advanced Excel skills for tax modeling and analysis
Strong attention to detail with ability to manage multiple priorities
Ability to explain complex tax concepts to non-tax professionals
Collaborative approach with ability to work cross-functionally

Nice To Haves

Experience with Low-Income Housing Tax Credit (LIHTC) properties and regulations
Familiarity with HUD programs and affordable housing financing structures
Experience with Section 42, Section 8, and other affordable housing tax provisions
Background in tax credit syndication and investor relations
Knowledge of state and local tax credits for affordable housing development
Experience with securitization or structured finance transactions

Responsibilities

Oversee federal, state, and local tax compliance for real estate partnerships and entities
Manage the review of partnership tax returns (Form 1065), including Schedules K-1
Coordinate tax return preparation for multiple-entity structures and complex ownership arrangements with various CPA firms.
Review and approve quarterly and annual tax provisions and estimates, if required.
Ensure timely filing of all tax returns and extensions
Manage tax audit processes and respond to tax authority inquiries
Advise on tax-efficient structures for real estate acquisitions, dispositions, and refinancings
Analyze tax implications of property transactions, including like-kind exchanges and installment sales
Provide guidance on partnership allocations, capital accounts, and distribution waterfall structures
Structure debt and equity arrangements to optimize tax outcomes
Advise on tax credit syndication transactions and investor relationships
Support compliance with Low-Income Housing Tax Credit regulations and requirements
Coordinate with tax credit syndicators and investors on tax-related matters
Review partnership agreements for tax-related provisions affecting LIHTC properties
Analyze tax implications of HUD programs, Project-Based Section 8, and other affordable housing initiatives
Monitor changes in affordable housing tax legislation and assess impact on portfolio
Identify and implement tax planning opportunities across the real estate portfolio
Develop strategies to minimize tax liabilities, if any, while maintaining compliance
Collaborate with legal counsel on complex tax structuring matters
Research technical tax issues and provide recommendations to senior management
Stay current on tax law changes affecting real estate and partnerships
Implement and maintain tax technology solutions and workflows
Develop and document tax policies, procedures, and internal controls
Improve efficiency of tax compliance and reporting processes
Build and maintain tax provision models and forecasting tools
Partner with accounting, finance, and development teams on transaction structuring
Coordinate with external tax advisors, auditors, and legal counsel
Support treasury, financing, and capital markets initiatives