What are the responsibilities and job description for the Cost Segregation Specialist position at Flanagan - Bilton LLC?
Job Summary
We are seeking a Cost Segregation Specialist to join our dynamic team. The ideal candidate will have deep expertise in cost segregation studies, building component analysis, and federal tax regulations, with the ability to translate complex engineering and financial data into actionable tax planning strategies. This role supports the firm’s objective to identify accelerated depreciation opportunities for clients, enhancing cash flow and compliance.
Key Responsibilities
• Conduct cost segregation studies on commercial, industrial, and multi-family properties for federal and state tax reporting purposes.
• Analyze architectural drawings, construction invoices, and cost records to segregate assets into appropriate tax categories (personal property, land improvements, and building components).
• Apply Internal Revenue Service (IRS) guidelines and industry standards to ensure defensible results.
• Develop detailed reports documenting methodology, calculations, asset classifications, and supporting evidence for tax purposes.
• Collaborate with attorneys, CPAs, and real estate professionals to provide strategic recommendations that maximize tax benefits.
• Assist in property tax planning initiatives and respond to IRS inquiries or audits related to cost segregation studies.
• Stay current on tax law changes, IRS rulings, and valuation techniques impacting real estate depreciation strategies.
Qualifications
• Bachelor’s degree in Accounting, Finance, Engineering, Construction Management, or related field; Master’s or CPA designation is preferred.
• Minimum 3–5 years of experience performing or consulting on cost segregation studies.
• Strong understanding of real estate taxation, depreciation methods, and IRS Publication 946 and Revenue Rulings.
• Proficiency with cost segregation software and Microsoft Excel; experience with architectural and engineering plans.
• Excellent analytical, problem-solving, and attention-to-detail skills.
• Strong written and verbal communication skills, with the ability to present complex technical information to clients and team members.
Preferred Skills
• Experience in commercial real estate, multi-family developments, or industrial property projects.
• Knowledge of property tax law and law firm operations.
• Demonstrated ability to manage multiple projects simultaneously and meet tight deadlines.
Benefits
• Competitive salary and performance-based bonuses
• Health, dental, and vision insurance
• Retirement savings plan with employer 3% contribution
• Professional development and continuing education opportunities
• Collaborative and supportive team environment