The Accountant, Tax supports compliance with federal income taxes, prepares returns and calculates tax payments. Assists with accounting for current and deferred income taxes. Researches/supports researching IRS tax laws and GAAP/FASB and FERC guidelines and recommends positions for tax accounting and reporting.
ESSENTIAL DUTIES & RESPONSIBILITIES
Maintains all records associated with the filing of federal tax returns; creates any schedules and reports required to support the filing of these tax returns; determines estimated tax payments.
Supports tax planning by providing budget and forecast information; reviews budgets and forecasts to assure appropriate accounting and tax compliance.
Assists with accounting and reporting for all current and deferred income taxes in compliance with ASC 740 (formerly SFAS 109, Accounting for Income Taxes), including preparation of monthly or quarterly accounting documentation (journal entries, account reconciliations, etc.) and preparing information for financial statement disclosures.
Provides support to external auditors by responding to questions, preparing schedules, etc. in the course of quarterly reviews and annual audits.
Analyzes accounts to assure proper accounting of transactions; resolves accounting issues as applicable.
Researches IRS, SEC, FASB and FERC guidance on tax issues; recommends company positions and drafts position papers to support.
REQUIREMENTS
Bachelor's degree in Accounting, Finance or other business-related field.
Master's degree in accounting, taxation or business and/or CPA preferred.
Minimum of three (3) years of experience in tax, accounting or finance including two (2) years of income tax experience.
Minimum two (2) years experience at public accounting firm preferred.
Knowledge and understanding of accounting and tax best practices.
Experience with ASC 740 accounting preferred.
Utility experience preferred.
PeopleSoft or PowerPlant experience preferred.
Ability to research and analyze complex data and provide recommendations to solve problems or improve processes.
Ability to effectively communicate (verbally and in writing) information to all levels (internally and externally) so that others not familiar with the area are able to understand information being provided.
Possesses sound analytical and problem-solving skills.
Understanding of the importance of solid documentation and ability to apply these concepts.
Intermediate knowledge of personal computers (MS Office) and demonstrated ability to utilize to complete daily assignments.
Intermediate knowledge of financial systems with the ability to extract information as necessary to complete daily assignments.
Ability to work well on a team and independently.
Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H-1B or TN visas.
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