... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... cost charge planning. What you will be doing * Coordinate supply line processes for incoming scrap ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... Segregation) Maintain daily and monthly attainment processes. * Coordinate with Corporate Metal ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
... Segregation) Maintain daily and monthly attainment processes. * Coordinate with Corporate Metal ... Associate's degree preferred. * Analytical skills with proven record of solving problems.
Cost Segregation Associate information
What is a Cost Segregation Associate?
A Cost Segregation Associate is a professional who helps property owners identify and classify components of a building for accelerated depreciation purposes. They analyze construction costs and building features to separate personal property from real property, which can lead to significant tax savings. Typically, Cost Segregation Associates work with engineers, accountants, and tax professionals to maximize the tax benefits for clients. Their role involves site inspections, cost analysis, and preparing detailed reports for tax documentation.
What are the primary challenges a Cost Segregation Associate faces when working on property analyses?
Cost Segregation Associates often encounter challenges such as gathering detailed construction documentation, interpreting architectural and engineering drawings, and ensuring compliance with tax regulations. They must work closely with property owners, accountants, and engineers to obtain accurate data and classify building components correctly for depreciation purposes. Effective communication and strong analytical skills are crucial, as associates often juggle multiple projects with tight deadlines while maintaining accuracy in their reports.
What is the difference between Cost Segregation Associate vs Cost Segregation Analyst?
| Aspect | Cost Segregation Associate | Cost Segregation Analyst |
|---|---|---|
| Credentials | Typically requires a bachelor's degree in accounting, finance, or related field; certifications like CPA or ASA are common | Similar credentials; often holds CPA, ASA, or related certifications |
| Work Environment | Works in accounting firms, engineering firms, or real estate companies; involved in property assessments and reports | Similar work environment; focuses on analyzing property data and preparing reports |
| Industry Usage | Used in real estate, construction, and accounting industries for tax planning | Commonly used in similar industries for property valuation and tax benefits |
Both roles involve analyzing property data to optimize tax benefits through cost segregation studies. The main difference lies in job titles used by firms; they often perform similar tasks and require comparable credentials. The choice of title may depend on company preference or specific project scope.
Can anyone do a Cost Segregation study?
A Cost Segregation Associate is a professional trained to perform cost segregation studies, which involve detailed analysis of property components to accelerate depreciation. While technically anyone can attempt to conduct such a study, it requires specialized knowledge of tax laws, engineering, and construction, and is typically performed by certified professionals to ensure accuracy and compliance.
How to become a cost segregation specialist?
To become a cost segregation specialist, individuals typically need a background in engineering, accounting, or real estate, along with specialized training in cost segregation studies. Certification programs, such as those offered by the American Society of Cost Segregation Professionals (ASCSP), can enhance credibility and job prospects. Gaining experience with tax laws, depreciation methods, and relevant software is also beneficial.
What does a cost segregation person do?
A cost segregation associate analyzes property components to identify and reclassify assets for accelerated depreciation, helping clients reduce tax liabilities. They review engineering reports, cost data, and construction details, often using specialized software, to optimize property tax strategies. This role requires knowledge of tax laws, construction costs, and accounting principles.
What are the key skills and qualifications needed to thrive as a Cost Segregation Associate, and why are they important?
To thrive as a Cost Segregation Associate, you need a strong background in accounting, finance, or engineering, often supported by a relevant degree or professional certification such as CPA. Familiarity with tax software, AutoCAD, and cost estimation tools is typically required to accurately analyze and document property components. Exceptional analytical thinking, attention to detail, and clear communication skills are crucial for interpreting regulations and conveying findings to clients or team members. These competencies ensure accurate tax savings, regulatory compliance, and effective client service in this specialized field.
Is it worth it to do cost segregation?
For a Cost Segregation Associate, understanding the benefits of cost segregation involves recognizing that it can accelerate depreciation deductions, leading to significant tax savings for property owners. The process requires detailed analysis of property components and often involves working with engineers and tax professionals. Whether it is worth it depends on the property's value, age, and the client's financial goals.
What are the most commonly searched types of Cost Segregation jobs in Utah? The most popular types of Cost Segregation jobs in Utah are:
What cities in Utah are hiring for Cost Segregation Associate jobs? Cities in Utah with the most Cost Segregation Associate job openings:
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Re-posted 4 days ago
Job description
Hydro Extrusions is a world-leading aluminium extrusion business counting around 100 production sites in 40 countries and employing 20,000 people. Through our unique combination of local expertise, global network, and unmatched R&D capabilities, we can offer everything from standards profiles to advanced development and manufacturing for most industries. Since 1905, Hydro has turned natural resources into valuable products for people and businesses with focus on a safe and good workplace for our 30,000 employees in more than 140 locations.
What we offer you
Medical, Rx, Dental, Disability, Life Insurance, Flexible Spending Accounts
Retirement Savings Plans with Company Match/Contributions
Education Assistance
Bonus Plan Eligibility
Parental Leave
Job Summary: Coordinates management of raw materials for the Spanish Fork operation, with a primary focus on purchased scrap, to increase Cast House PU scrap utilization and achieve financial targets through lowest-cost charge planning.
What you will be doing
- Coordinate supply line processes for incoming scrap from supplier to delivery (Packaging, Carriers, Delivery Expectations, Scheduling, On-Site Segregation) Maintain daily and monthly attainment processes.
- Coordinate with Corporate Metal Procurement to seek out PU Scrap sources that align with increasing the purchased scrap utilization rate while maintaining/improving historical spread variance.
- Coordinate Vendor qualification process to include maintain and track performance, coordinate quality checks to verify continued adherence to quality expectations, oversee the DMR processes for scrap.
- Coordinate with Cast House resources to create opportunities to utilize different types of scrap to accommodate low cost charge planning while protecting alloy analysis "first time right."
- Coordinate {monitor and evaluate} one time opportunities for scrap purchases.
- Coordinate {monitor and evaluate} consignment opportunities for scrap.
- Tracking Scrap Receipts and PO's with weekly and month end reconciliation reporting.
- Evaluate RSI chemistries and make recommendations on utilization vs. sale options to increase other purchase scrap types along with investigating, evaluating and coordinating scrap sources that can be transitioned into RSI to increase purchased scrap utilization and/or reducing commercial metals expense.
What will make you successful?
Required Education/Experience:
- High School Diploma or GED equivalent.
Preferred Skills/Qualifications:
- Associate's degree preferred.
- Analytical skills with proven record of solving problems.
- Organizational skills with proven record of multi-tasking.
- Basic understanding of the Cast House scheduling, receiving, and charge process.
- Strong Microsoft Word and Excel.
- Proven knowledge of raw material alloy chemistries and previous purchasing or buying experience preferred.
Hydro in North America is an Equal Opportunity Employer where all phases of employment are based strictly upon the qualifications of the individual as related to the work requirements of the position. This policy is applied without regard to race, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, veteran status, marital status or any other category protected by law. We strive to provide equal opportunities for all to contribute and succeed with us.
As part of our recruitment process, we may use jobrelated assessments in selected roles. These tools help us better understand workrelated strengths and support a fair and consistent hiring process. Any assessment results are reviewed together with your experience, qualifications, and interviews, and are never used as the sole basis for hiring decisions.
If you need an accommodation in order to complete the application, please contact Hydro Recruiting via email at recruiting.north.america@hydro.com