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Sensiba LLP

Manager - Real Estate/Construction

Sensiba LLP, San Ramon, California, United States, 94583

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At Sensiba, we’re more than just a Top 75 Accounting Firm — we’re a purpose-driven organization committed to making a meaningful impact for our clients, our people, and our communities. Recognized as a Top Workplace USA, we're proud of our culture of exceptional employee engagement, collaboration, and continuous growth. We help clients solve problems, navigate complexity, and build a foundation for sustainable success. Whether supporting fast-growing startups or established enterprises, we bring deep expertise and a people-first approach to every engagement. In 2018, Sensiba became a certified B Corporation (B Corp) — a designation that reflects our commitment to using business as a force for good. This certification holds us accountable to high standards of social and environmental performance, transparency, and ethical governance. Job Summary

The Tax Manager – Real Estate/Construction is responsible for leading tax compliance, planning, and consulting engagements for clients in the real estate sector. This role requires deep technical expertise in real estate taxation, including acquisitions, dispositions, entity structuring, depreciation strategies, 1031 exchanges, cost segregation, and partnership taxation. Job Responsibilities

Develop and implement comprehensive tax strategies for real estate transactions, including acquisitions, dispositions, entity structuring, and 1031 exchanges. Apply and advise on depreciation strategies (MACRS, bonus depreciation, Section 179,) and conduct or review cost segregation studies to maximize deductions. Prepare and review accounting method change filings (Form 3115) related to depreciation, cost segregation, and accrual-to-cash transitions. Analyze and advise on passive activity loss rules, material participation tests, and real estate professional status determinations. Evaluate capitalization vs. expense treatment of development and operating costs under IRC 263A. Review and manage preparation of complex tax returns for partnerships, corporations, individuals, and trusts, ensuring accuracy, compliance, and efficiency. Oversee partnership tax compliance, including special allocations, capital accounts, basis tracking, Section 754 elections, and K-2/K-3 reporting. Advise on tax treatment of leasehold improvements, tenant allowances, and business interest expense limitations under Section 163(j). Identify and apply federal and state tax credits and incentives, including energy-related deductions such as Section 179D. Conduct tax research to support client positions and ensure compliance with current regulations. Lead and manage client engagements by implementing high-quality standards, identifying inefficiencies, and enhancing service delivery. Mentor junior staff through training, performance feedback, and career development initiatives. Build strong client relationships and collaborate with firm leadership on strategic projects and initiatives. Qualifications

Bachelor's degree in accounting or related field is required. Minimum of 5-8+ years of experience in public accounting preparing and reviewing tax returns. Master's degree in accounting, tax, or related field is preferred. CPA or EA license required. Proficiency in tax preparation software and financial analysis tools. Proficiency in Microsoft Office, Adobe, and accounting software (CCH products; ProSystems and FX Engagement). In-depth expertise in real estate taxation, including passive activity rules, real estate professional status, and developer/investor-specific tax rules. Strong knowledge of depreciation methods (MACRS, bonus depreciation, Section 179, QIP) and cost segregation applications. Familiarity with accounting method changes (Form 3115), capitalization vs. expense rules (IRC 263A), and leasehold improvement treatment. Proficiency in partnership taxation, including complex allocations, capital accounts, basis tracking, debt-financed distributions, Section 754 elections, and K-2/K-3 reporting. Knowledge of business interest expense limitations under Section 163(j) and energy-related incentives such as Section 179D. Ability to analyze complex tax issues and develop creative, compliant solutions. Strong research skills to interpret evolving tax laws and apply them to client-specific situations. Ability to mentor, train, and support the professional growth of junior staff. Skilled at building and maintaining strong client relationships, fostering trust and identifying opportunities for growth. Collaborative mindset with experience partnering with senior leaders on strategic tax initiatives. Excellent verbal and written communication skills to explain complex tax matters clearly to clients and staff. Strong organizational skills with the ability to manage multiple engagements, deadlines, and deliverables simultaneously. Compensation

This role offers a competitive base salary along with a comprehensive benefits package. Salary ranges for U.S.-based positions are determined by geographic location and fall into one of three pay zones, which reflect the cost of labor in that area. The anticipated salary ranges for this position are $86,232 - $176,792. Benefits

Comprehensive Health Coverage – Medical, dental, and vision. Retirement & Financial Planning Support – 401(k) with match, financial wellness programs. Generous Paid Time Off – Vacation, sick time, holidays, and volunteer days. Flexible Work Arrangements – Hybrid or remote options, flexible hours. Performance-Based Bonus – Recognition for your contributions through discretionary bonuses. Professional Development Opportunities – Tuition reimbursement, certifications, mentorship. Career Growth & Internal Mobility – Clear paths for advancement and role transitions. Inclusive & Supportive Culture – DEI initiatives, employee resource groups, wellness programs. Sensiba is an equal opportunities employer and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics.

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