Job Description
Public Storage is looking for a VP of Tax to lead our corporate tax department and drive strategic tax initiatives.
KEY RESPONSIBILITIES
Lead the tax department, overseeing all tax planning, compliance, and reporting activities
Develop and implement tax strategies to optimize the company’s tax position and support business objectives
Ensure compliance with federal, state, and international tax laws and regulations
Provide strategic tax advice to senior management and other departments
Drive process improvements and efficiencies within the tax function
Mentor and develop the tax team, fostering a culture of continuous learning and professional growth
Lead and oversee compliance with all REIT regulations and requirements
Qualifications
QUALIFICATIONS
Undergraduate degree in Accounting or Taxation required
Master’s in Business Taxation (MBT) or Master’s in Accountancy with an emphasis in tax preferred
Minimum of five years of experience at a Big 4 accounting firm, with a preference for experience in real estate taxation
10+ years of total tax experience in public accounting and private industry, with a preference for experience with publicly traded entities
Proven leadership skills with the ability to mentor and guide a team of tax professionals
Strong communication skills, capable of presenting complex tax concepts to various stakeholders, including senior management
Demonstrated ability to drive change and implement new processes to improve efficiency and accuracy in tax reporting and compliance
Experience in streamlining tax processes to enhance efficiency and reduce costs
Ability to identify and implement best practices for tax compliance and reporting
Skilled in utilizing technology to optimize tax processes and improve data accuracy
Strategic thinker with a focus on continuous improvement and innovation in tax operations
REQUIRED EXPERTISE
In-depth knowledge of Subchapter M of the Internal Revenue Code pertaining to real estate investment trusts
Expertise in Subchapter K of the Internal Revenue Code relating to partnership formation, operation, and termination
Proficiency in Subchapter C of the Internal Revenue Code regarding corporate formation, operation, and termination, including merger and acquisition provisions
Comprehensive understanding of tax principles related to real estate operations, such as asset capitalization rules, repair and maintenance rules, depreciation principles, income and expense recognition rules, like-kind exchange rules, and involuntary conversion rules
Expertise in ASC 740, Income Taxes
WORKING KNOWLEDGE:
Transfer pricing principles
State and local taxation, as the company operates in 41 states
International tax principles for outbound investment, as the company has affiliates in eight European countries
Real property transfer tax rules
Consolidation regulations
IRS practice and procedure principles
Energy tax credit principles and rules
Subchapter L as it pertains to property and casualty insurance operations
Deferred compensation principles
Additional Information
All your information will be kept confidential according to EEO guidelines.
Compensation
Base Pay Range : $200,000 - $265,000
Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of our total awards approach to compensation which is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses or incentives.
One of our values pillars is to work as OneTeam and we believe that there is no replacement for in-person collaboration but understand the value of some flexibility. Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month.