RETC, LP (Real Estate Tax Consultants)
Type of Positions
Full-Time Entry Level
Internship
Positions Available
Property Tax Intern
Property Tax
Manager
Degrees Sought
Bachelor's
Master's
MBA
Majors or Schools
Accounting
Business and Financial Reporting
Finance
Real Estate Finance
Position Descriptions
Property Tax Intern
RETC is a full-service property tax
consulting firm that specializes in the analysis and reduction of Real Estate
and Business Personal Property taxes. By assisting the property tax managers
with their client portfolios and providing analytical support, RETC interns play
an integral role in the success of our organization.
From day one with RETC, interns gain real-world professional experience that can
put them above the rest when entering the job market. Armed with the hands-on
experience acquired during their time with RETC, former interns are prime
candidates for full-time opportunities with RETC, in addition to employment in
highly competitive finance, risk management and real estate industries.
Some of the on-the-job training RETC interns will receive includes:
-How to prepare valuation models with appropriate supporting material (pro
formas, comparables, etc.).
-How to read through income statements, rent rolls, leases, tax returns, and
closing statements, and more importantly, how to determine what is relevant and
useful information for valuation purposes.
-How to determine property tax reduction potential. Interns will be taught
valuation methodologies based on income capitalization, cost estimates, and
sale/lease comparables.
-Exposure and training on how to value all types of real estate including but
not limited to office, retail, industrial, hospitality, and residential.
-Understanding how the Real Estate Supply and Demand model differs from
traditional Supply and Demand model.
-How to leverage underwriting for forecasting purposes.
Qualifications: Skills Required
-Strong quantitative analytical skills
-Must be able to communicate clearly and concisely (written and oral)
-Ability to prioritize tasks, work on multiple assignments, and self manage
-Strong academic credentials (3.5+ GPA Recommended)
-Willing to work both independently and as part of a team
-Experience using Microsoft Office applications
-Working knowledge of real estate and/or finance preferred
In addition to providing support to
property tax managers, the analyst role is heavily focused on the analytical
aspect of property tax consulting, such as reviewing financial documentation,
determining the taxable values of properties, and preparing pro formas. Designed
to prepare individuals for the responsibilities of a property tax manager, this
entry-level position offers on-the-job training and the opportunity for
advancement.
Key Responsibilities:
Analysis
-Determining and obtaining appropriate and relevant information from clients.
-Determine property tax reduction potential by establishing the taxable value
based on various real estate valuation methodologies. This includes valuations
based on income capitalization, cost estimates, and sale/lease comparables.
-Read through income statements, rent rolls, leases, tax returns, closing
statements. Determine and extract the most relevant and useful information for
valuation purposes.
-Prepare valuation documents with appropriate support material (pro formas,
comparables, etc.)
-Tax Analysts will have exposure and training on how to value various types of
real estate including, but not limited to, office, retail, industrial,
hospitality, and residential.
Protests
-Negotiate informally with appraisal districts on taxable values.
-Prepare and present valuation materials in formal Appraisal Review Board
hearings.
Qualifications: -Strong quantitative and analytical skills
-Ability to communicate clearly and concisely (written and oral)
-Team oriented
-Leadership skills
-Proficiency in Excel, PowerPoint, and Word
-3.5 + GPA
To obtain relevant information and
financial documentation from clients, analyze and appraise commercial properties
and negotiate assessed values at appraisal districts. This position is
managerial in nature, and individuals will be responsible for supervising
clients’ portfolios throughout the year. In addition to the analytical
requirements, tax managers will also be tasked with providing superior client
relations.
Client Management
-Be the main point of contact with assigned clients. Duties include obtaining
the required information for analysis purposes, discussing all property-related
issues with the clients, managing clients’ expectations, and ensuring that all
required authorization documents are filed with counties on behalf of the
client.
-Conduct property visits to gain a more comprehensive knowledge of each
property, as well as to further cultivate RETC’s relationship with its clients.
Analysis
-Review income statements, rent rolls, leases, tax returns, closing statements.
Determine and extract the most relevant and useful information for valuation
purposes.
-Determine property tax reduction potential by establishing the taxable value
based on various real estate valuation methodologies. This includes valuations
based on income capitalization, cost estimates, and sale/lease comparables.
-Prepare valuation documents with appropriate support material (pro formas,
comparables, etc.)
-Use analytic tools to evaluate and assess various types of real estate,
including but not limited to, office, retail, industrial, hospitality, and
multi-family.
Protests
-Negotiate informally with appraisal districts on taxable values.
-Prepare and present valuation materials in formal Appraisal Review Board
hearings.
-Represent RETC and clients for lawsuit settlements with the appraisal
districts’ litigation teams.
Qualifications: -2+ years real estate and/or finance experience is required
-Strong quantitative and analytical skills
-Ability to communicate clearly and concisely (written and oral)
-Team oriented
-Leadership skills
-Proficiency in Excel, PowerPoint, and Word
Company Profile
Founded in 1986, Real Estate Tax Consultants is an RETC, LP (Real Estate Tax
Consultants) is a full service property tax consulting firm that specializes in
the analysis and reduction of Real Estate and Business Personal Property taxes.
It represents over $6 billion in all major real estate sectors nationwide
although the vast majority are located in Texas. Since 1986, it has saved its
clients over millions of dollars and is headquartered in Plano, Texas with
offices in Houston and Austin. Our mission is to create optimum property tax
savings for our clients, property tax payers, and to provide value to taxing
authorities by negotiating fair and equitable property tax assessments in a
professional and ethical manner.
Company Location
Plano, TX
Website
http://www.retcgroup.com/