Crestone Air Partners
The Director of Accounting and Tax reports to the VP of Accounting and Controller and is responsible for the financial reporting, accounting policy, and tax oversight of Crestone Air Partners (Crestone) and managed structures (asset-owning entities, JVs, and Section 110 vehicles). This position manages the company’s internal books directly while coordinating and reviewing the accounting, reporting and tax treatment performed by third-party administrators and tax advisors for the investment entities. This is a hands‑on, high‑impact role suited for a technically strong accounting leader who can operate in a lean, outsourced model—balancing detailed execution for Crestone with governance, oversight, and review for external providers.
Responsibilities Accounting & Reporting
Oversee and perform the accounting, monthly close, and financial reporting for Crestone (U.S. GAAP basis).
Manage cash flow forecasting, budgeting, and expense allocations related to management fees, servicing fees, overhead, and intercompany transactions, including allocations across JV and fund structures.
Review and challenge monthly NAVs, trial balances, financial statements, and supporting schedules prepared by administrators.
Ensure consistent application of U.S. GAAP and IFRS policies across entities and alignment with group‑level reporting.
Manage audit processes with external auditors and service providers in Ireland, the Cayman Islands, and the U.S.
Maintain and enhance the chart of accounts, accounting policies, internal control procedures, and financial reporting systems.
Support FP&A with accurate actuals, variance analysis, and financial insights for management reporting.
Partner with AP, AR, operations, legal, and asset management teams to ensure alignment between commercial transactions and accounting treatment.
Tax & Compliance
Manage U.S. federal and state income tax compliance for Crestone, coordinating with external tax advisors.
Manage Third Party Administrator’s global tax compliance for international structures (e.g., U.S., Irish, and Cayman entities).
Ensure compliance with ASC 740 (Income Taxes) and accurate tax provision reporting for both the Crestone and consolidated entities.
Review transfer pricing, FATCA/CRS reporting, and withholding tax implications for intercompany and cross‑border transactions.
Support tax planning and structuring, and optimize tax efficiency for engine and aircraft acquisitions, disposals, and joint venture formations.
Maintain tax documentation and coordinate with external advisors on BEPS and substance requirements.
Requirements
Ability to work in Denver, Colorado, U.S.
Bachelor’s degree in Accounting or finance; CPA or Master’s in accounting preferred.
8+ years of progressive accounting and tax experience, with a minimum of 5 years in partnership‑focused roles.
Strong knowledge of U.S. GAAP, IFRS, and international tax principles.
Technical knowledge of Subchapter K and complex partnership allocations.
High proficiency in Excel; experience with ERP/accounting systems (e.g., NetSuite, Sage, QuickBooks Enterprise) and consolidation tools.
Strong written and verbal communication skills with the ability to interact with senior management and investors.
Effective organizational skills with the capacity to manage multiple priorities in a fast‑paced environment.
Willingness to learn, with background or interest in aviation.
About Crestone Crestone Air Partners (CAP) is an aviation asset management platform involved in investment in commercial jet aircraft and related engines for capital partners. The company manages a portfolio of aircraft and engines leased to airlines worldwide, focusing on transactions in the secondary market and assets in their final decade of operation. CAP offers customized lease terms based on client requirements and utilizes the expertise and services of related aviation specialist subsidiaries within the Air T organization, which includes airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage. Headquartered in Denver, Colorado, CAP operates as a wholly owned business unit of Air T, Inc. (NASDAQ: AIRT).
Salary Range: $130,000 - $160,000
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Responsibilities Accounting & Reporting
Oversee and perform the accounting, monthly close, and financial reporting for Crestone (U.S. GAAP basis).
Manage cash flow forecasting, budgeting, and expense allocations related to management fees, servicing fees, overhead, and intercompany transactions, including allocations across JV and fund structures.
Review and challenge monthly NAVs, trial balances, financial statements, and supporting schedules prepared by administrators.
Ensure consistent application of U.S. GAAP and IFRS policies across entities and alignment with group‑level reporting.
Manage audit processes with external auditors and service providers in Ireland, the Cayman Islands, and the U.S.
Maintain and enhance the chart of accounts, accounting policies, internal control procedures, and financial reporting systems.
Support FP&A with accurate actuals, variance analysis, and financial insights for management reporting.
Partner with AP, AR, operations, legal, and asset management teams to ensure alignment between commercial transactions and accounting treatment.
Tax & Compliance
Manage U.S. federal and state income tax compliance for Crestone, coordinating with external tax advisors.
Manage Third Party Administrator’s global tax compliance for international structures (e.g., U.S., Irish, and Cayman entities).
Ensure compliance with ASC 740 (Income Taxes) and accurate tax provision reporting for both the Crestone and consolidated entities.
Review transfer pricing, FATCA/CRS reporting, and withholding tax implications for intercompany and cross‑border transactions.
Support tax planning and structuring, and optimize tax efficiency for engine and aircraft acquisitions, disposals, and joint venture formations.
Maintain tax documentation and coordinate with external advisors on BEPS and substance requirements.
Requirements
Ability to work in Denver, Colorado, U.S.
Bachelor’s degree in Accounting or finance; CPA or Master’s in accounting preferred.
8+ years of progressive accounting and tax experience, with a minimum of 5 years in partnership‑focused roles.
Strong knowledge of U.S. GAAP, IFRS, and international tax principles.
Technical knowledge of Subchapter K and complex partnership allocations.
High proficiency in Excel; experience with ERP/accounting systems (e.g., NetSuite, Sage, QuickBooks Enterprise) and consolidation tools.
Strong written and verbal communication skills with the ability to interact with senior management and investors.
Effective organizational skills with the capacity to manage multiple priorities in a fast‑paced environment.
Willingness to learn, with background or interest in aviation.
About Crestone Crestone Air Partners (CAP) is an aviation asset management platform involved in investment in commercial jet aircraft and related engines for capital partners. The company manages a portfolio of aircraft and engines leased to airlines worldwide, focusing on transactions in the secondary market and assets in their final decade of operation. CAP offers customized lease terms based on client requirements and utilizes the expertise and services of related aviation specialist subsidiaries within the Air T organization, which includes airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage. Headquartered in Denver, Colorado, CAP operates as a wholly owned business unit of Air T, Inc. (NASDAQ: AIRT).
Salary Range: $130,000 - $160,000
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