BPM LLP

Tax Manager – Flowthrough, Real Estate

BPM LLP

full-time

Posted on:

Location Type: Hybrid

Location: Santa Monica • California • 🇺🇸 United States

Visit company website
✨ AI Apply
Apply

Salary

💰 $115,000 - $160,000 per year

Job Level

Mid-LevelSenior

Tech Stack

SaltStack

About the role

  • Lead and review federal and multi‑state compliance for flow‑through entities (Forms 1065, 1120‑S, K‑1s), with emphasis on real estate partnerships, joint ventures, funds, and REIT‑adjacent structures.
  • Advise on complex partnership tax matters: Sections 704(b)/(c) capital accounts and allocations, §754 elections, debt allocations (recourse/nonrecourse/qualified nonrecourse), special allocations and waterfall models, §163(j), §465, basis and at‑risk, and book‑tax differences.
  • Plan and model transactions for acquisitions/dispositions, including cost segregation coordination, §1031 like‑kind exchanges, step‑up considerations, and entity structuring.
  • Manage SALT exposure across California and other jurisdictions (apportionment, filing methodologies, local gross‑receipts taxes) and coordinate with internal SALT specialists when needed.
  • Coach and develop staff and seniors: set clear expectations, review workpapers, deliver actionable feedback, and support CPA/MST development.
  • Drive client service: own engagement economics, timelines, and quality; communicate proactively with client executives, controllers, and fund managers.
  • Contribute to practice growth through scoping proposals, participating in business development calls, and strengthening relationships across Southern California.
  • Leverage technology (CCH Axcess/ProSystem/GoSystem/OneSource, workflow tools, and data utilities) to improve accuracy and cycle time.

Requirements

  • CPA license required (or active progress toward licensure); MST/MBT preferred.
  • 5–8+ years of recent public accounting experience in flow‑through taxation with significant real estate exposure (commercial/residential, development, funds, private equity real estate).
  • Demonstrated strength in partnership tax concepts (capital accounts, allocations, basis, debt, waterfalls).
  • REIT experience (income/asset testing, UPREIT structures) is a strong plus.
  • Proficiency in researching complex issues and communicating concise guidance to clients and teams.
  • Strong project management skills; comfortable leading multiple concurrent engagements in a hybrid environment.
Benefits
  • Total rewards with flexible work arrangements and compensation options that give you choice and flexibility.
  • Well‑being resources including an interactive wellness platform, EAP and mental‑health resources, and Colleague Resource Groups.
  • Balance & flexibility with Firm Holidays, Flex PTO, paid family leave, winter break, summer hours, and remote work options.
  • Professional development via CPA exam resources and bonuses, tuition reimbursement, coaching, and BPM University classes, workshops, and seminars.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
flow-through taxationpartnership tax conceptscapital accountsallocationsdebt allocationswaterfall modelscost segregationlike-kind exchangesentity structuringSALT exposure management
Soft skills
coachingstaff developmentclient serviceproject managementcommunicationfeedback deliveryrelationship buildingbusiness development
Certifications
CPA licenseMSTMBT