Consultant/Senior Consultant – Real Estate Solutions, Cost Segregation | Corporate Finance

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.

FTI Consulting’s Real Estate Solutions has a singular focus on the real estate and finance industry and the capital markets that serve it. Our services are designed to create integrated financial, tax and real estate solutions for clients having underlying value in real estate operations and assets. We provide an unsurpassed range of real estate advisory services including merger and acquisitions, due diligence, valuation, lease consulting, forensic accounting, financial outsourcing, IPO, REIT tax structuring and compliance, executive compensation, master planning and development services, cost segregation and private client services. We represent leading public and private real estate entities including REITs, financial institutions, investment banks, opportunity funds, insurance companies, hedge funds, pension advisors and owners/developers.

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 return and special projects is critical. Excellent communication and individual time management skills are required for this position. Candidate will have the opportunity to grow with high visibility clients and management. 

• This will be a challenging and fast- paced environment that is results-oriented with a focus on collaboration as well as professional and career growth
• Analyze various financial, architectural, and construction documentation
• Manage work flow to ensure project completion within 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
Direct access to leadership with defined long-term planning will ensure continued success and career trajectory with direct development. Having the opportunity to partner with our internal teams and diverse clients across various industries will help with continued growth in new and complex functional areas.

Basic Qualifications

• 2+ years of work experience
• Bachelor’s Degree in Engineering, Construction Management, Architecture or related field
• Ability to read construction drawings
• Proficiency with Microsoft Office Suite software – specifically Excel, Access, and Word
• Detail oriented
• Driver’s license
• Willing to travel nationally
• 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