Director of Corporate Taxation

Compensation: USD 170,000 - USD 185,000 - yearly Company Description At Spectrum Retirement Communities we believe in living without limits, in aging fearlessly, and in sharing great stories. The Spectrum Story is full of compassion, hard work, and fun. If the chapters of your life story include caring for others and a dedicated work ethic, then we need you! If you join Spectrum as a full-time team member, your story will include eligibility for medical insurance, dental insurance, vision insurance, life insurance, and other voluntary insurance options. All part-time and full-time team members are eligible to participate in our 401(k), for paid time off, holiday pay, and discounts through Perk Spot. Job Description The Director, Corporate Taxation is a high-profile individual contributor role reporting directly to the Senior Vice President, Finance and Accounting. This position is responsible for overseeing all aspects of federal and state tax compliance, planning, and reporting across Spectrum’s integrated platform. The Director will oversee the work of an external CPA firm in the preparation of approximately 90 federal and 90 state returns annually, spanning corporate-level operator and developer entities as well as a large portfolio of community-level LLCs held in OpCo/PropCo master lease and fund structures. In addition to deep expertise in partnership taxation, the ideal candidate will understand how accounting decisions and tax positions at the LLC level can affect the tax outcomes of key investors and will bring the analytical depth to anticipate and communicate those implications proactively. Corporate-Level Tax Compliance & Reporting Oversee federal and state income tax compliance for the operator and developer corporate-level LLCs, including flow-through reporting to members and equity holders. Manage filing obligations for all corporate holding entities, ensuring proper classification, elections, and consistency across the organizational structure. Review and approve consolidated or combined state tax filings where applicable, considering nexus positions across all eight operating states; advise leadership on state and local tax implications of entering new states as Spectrum evaluates potential expansion markets. Community-Level Tax Compliance & Reporting Direct the preparation and review of LLC-level federal and state partnership returns for each senior living community, currently approximately 90 entities. Manage tax compliance for community partnerships. Maintain entity classification schedules (check-the-box elections, Form 8832/8869 filings) and track any changes in ownership that may affect regarded/disregarded status. Coordinate with development, corporate accounting, and legal teams on new acquisitions, dispositions, or restructurings that affect entity classification and filing obligations. Develop and implement strategic tax planning in concert with external tax consultants, with a focus on real estate-specific opportunities including bonus depreciation, Section 179, and like-kind exchanges. Advise leadership on the tax implications of alternative organizational and ownership structures, helping decision-makers understand the trade-offs between different approaches before commitments are made. Model the tax consequences of capital account allocations, special allocations, and guaranteed payments across multi-tier partnership structures. Model the tax consequences of alternative exit strategies from specific communities, analyzing outcomes not only at the partnership level but also for key investors, to support well-informed decisions about timing and structure of dispositions. Tax Accounting & Controls Maintain effective control procedures over the full tax process, including coordinating with accrual-accounting teams to record year-end tax adjustments reviewed and provided by the external CPA firms. Advise on tax implications of changes in accounting methods, fixed asset policies, capital account maintenance, and book/tax differences across the portfolio. Oversee the development and maintenance of tax basis schedules, outside basis tracking, and Section 704(b)/704(c) allocation analysis. Manage tax depreciation schedules and reconcile to GAAP for each LLC in the portfolio. External Relationships & Audit Management Serve as primary liaison with external tax firms preparing annual tax packets; review returns and correspondence for accuracy and completeness. Manage IRS and state income tax audits: prepare responses, create supporting schedules, and coordinate with external counsel as needed. Receive, process, and resolve all federal and state tax notices across the portfolio. Oversee the preparation of quarterly and annual tax projections by the external CPA firms; review for reasonableness and ensure that key investors receive timely, accurate information needed for their own tax planning and reporting obligations. Direct and manage the work of the external CPA firm across the full return portfolio, including setting timelines, providing organized work papers and data packages, reviewing draft returns, and holding the firm accountable for accuracy and deadlines. Identify and implement effective ways to collaborate with the broader accounting and finance team — including partnership accountants, property accountants, and corporate accounting staff — to ensure the tax function is well-supported and integrated with financial operations. Establish and maintain organized workflows and project management practices to track approximately 180+ returns annually and ensure no filing deadlines are missed. Qualifications To be successful in this position, we believe that you need the following experiences, strengths, and skills: Bachelor’s degree in Accounting, Finance, or a related discipline; CPA license or JD with a tax specialty strongly preferred. 7+ years of tax experience, including significant time in public accounting with a real estate and partnership focus, or equivalent in-house experience with a real estate owner/operator. Deep knowledge of partnership taxation, including multi-tier structures, OpCo/PropCo arrangements, and fund-level reporting. Demonstrated experience with regarded and disregarded entity analysis, check-the-box elections, and multi-member vs. single-member LLC compliance. Strong understanding of Section 704(b)/(c) allocations, capital account maintenance, Schedule K-1 preparation, and outside basis tracking. Familiarity with real estate tax concepts: bonus depreciation, like-kind exchanges (Section 1031), and passive activity rules. Experience managing high-volume, multi-state filing obligations across a large portfolio of entities. Proficiency with Microsoft Excel, Word, and Outlook; familiarity with CCH Axcess or comparable tax preparation software. Experience in the senior living, healthcare real estate, or multi-family residential sectors preferred. Familiarity with partnership fund structures, including waterfall calculations, preferred returns, and investor K-1 reporting, preferred. Prior experience coordinating with external accounting or CPA firms in a multi-entity tax compliance environment, preferred. Additional Information If you join Spectrum as a full-time team member, your story will include eligibility for medical insurance, dental insurance, vision insurance, life insurance and other voluntary insurance options. All part time and full-time team members are eligible to participate in our 401(k), paid time off, holiday pay, Daily Pay and discounts through Perk Spot. Spectrum Retirement Communities strongly encourage all team members to be fully vaccinated against COVID-19, however, the vaccine is not a requirement to work with us. Spectrum Retirement, LLC and all affiliates are Equal Opportunity Employers. We do not discriminate against employees or applicants on the basis of race, color, national origin, gender, sex, sexual orientation, pregnancy, gender identity or expression, disability, religion, age, genetic information, veteran status or any other characteristic protected by federal, state or local law. Spectrum Retirement, LLC also participates in the E-verify program through the Department of Homeland Security and the Social Security Administration. #J-18808-Ljbffr Spectrum Retirement