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Tax Director

Company: North State
Location: Honolulu
Posted on: May 13, 2022

Job Description:

Reporting to the Executive Vice President & Chief Financial Officer, the Director, Tax (the "Director") will be responsible for overseeing all tax aspects for Alexander & Baldwin, Inc. and subsidiaries ("Company"), a publicly traded Real Estate Investment Trust (REIT), including income tax accounting, tax planning & strategy, reporting and compliance. This position is responsible for oversight of all REIT compliance, including ultimate ownership of the REIT and Taxable REIT Subsidiary (TRS) financial statements, REIT/TRS taxable income, income and asset tests, distribution tests, and organizational requirements. This position is also responsible for ensuring that all tax returns are prepared accurately and filed on a timely basis (federal, state, local and foreign taxes, if applicable). In addition, this position is responsible for preparing the tax related components of internal and external financial statements as well as any relevant tax footnote disclosures, in accordance with U.S. GAAP, ASC 740 and Securities and Exchange Commission (SEC) requirements applicable to public companies. The Director is responsible for the design and execution of processes related to the areas of responsibilities as well as the management of internal and external resources, including monitoring progress toward critical deadlines and must exercise sound judgment and excellent work habits, while communicating effectively with staff, business unit colleagues, senior management, outside advisors, auditors about various tax topics, both orally and in writing.This position requires a minimum of 10 years combined public accounting and/or corporate tax department experience including federal and state tax compliance, ASC 740 tax reporting (including familiarity with SOX controls and processes), and REIT compliance. The ability to research tax issues and thoroughly document tax analysis and conclusions in writing is required. The ideal candidate will also possess strong interpersonal skills, the ability to multi-task, work independently and remain flexible in a demanding work environment. The ideal candidate must possess a comprehensive knowledge of US tax laws specific to REIT compliance as well as a strong understanding of practical aspects of separating REIT and TRS business activities. A strong understanding of transfer pricing "arms-length" principals and associated legal entity accounting and consolidation concepts is required. A Bachelor's degree in accounting or related field is required and a Master's degree in tax and/or a CPA is strongly preferred. ResponsibilitiesEstablish and maintain an effective system of internal controls, policies and processes to ensure: proper recording of tax transactions in the general ledger to facilitate the preparation of accurate, timely and reliable REIT/TRS financial statements, compliance with laws, regulations, and Company policies. Maintain strong internal control environment and adherence to appropriate accounting policies and procedures to ensure compliance with regulatory requirements and Company policies, including the Internal Revenue Code, Sarbanes-Oxley requirements, US GAAP, and SEC rules and regulations to ensure that no significant deficiencies or material weaknesses exist in A&B's financial controls. Be a strategic business partner, advising and supporting business units in tax related issues, policies, and procedures.Identify and assist with implementation of tax planning opportunities, drive process efficiencies, quality improvements, and risk minimization strategies related to the Company.Collaborate with FP&A to design and implement tax efficient cash utilization across the Company.Must be able to prioritize, work independently and communicate effectively with tax and business colleagues.Manages and oversees REIT annual income testing and review of quarterly asset testing.Ensures compliance with REIT distribution tests, including review of annual E&P and return of capital calculations for distributions to shareholders.Manages and minimizes risks inherent in being a REIT including prohibited transactions, excise taxes, impermissible tenant services and related party rents.Ensures compliance with REIT organizational requirements.Monitors REIT industry issues and analyzes legislative proposals impacting the REIT industry.Manages outside vendor relationships with REIT legal counsel and tax advisors.Oversees and reviews the preparation of the quarterly tax provision subject to GAAP and SEC reporting requirements. This includes: reviewing the quarterly and annual unit tax templates and consolidating provision model, reviewing/maintaining the deferred tax inventories, analyzing unrecognized tax position reserves, reviewing/preparing account reconciliations and rollforwards, reviewing/preparing tax journal entries, and the tax footnote and financial disclosures in the SEC filings.Ensures timely and accurate filing of federal and state income tax returns, franchise tax returns, state general excise and use tax returns and corresponding payments.Reviews the fixed assets to ensure the tax basis is updated on a timely basis and the proper tax lives and methods are applied to the various fixed assets.Develops, updates and maintains documentation of tax policies, procedures and process controls in compliance with SOX 404 requirements. Implements procedures and process control changes, as necessary. Ensures compliance with and document effective internal controls over tax-related data analysis and computations. Evaluates processes and recommends simplification and standardization procedures for tax compliance and tax accounting requirements. Implements process changes. Keeps abreast of tax legislation, communicates current tax developments to appropriate departmental personnel, senior management, and the Company's board as appropriate. Implements necessary changes in tax-related procedures.Provide training, coaching and feedback to professional staff to assist in the development of professional skills, cross-training and productivity.Handles tax controversy matters, including coordinating information gathering to respond to document requests, and acts as department liaison with taxing authorities.Perform special projects and other duties as assigned.

Keywords: North State, Honolulu , Tax Director, Accounting, Auditing , Honolulu, Hawaii

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