HEI - Corporate Tax Specialist

Company
: hawaiianel

We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

Posting End Date:
This position will remain open until filled. Early applications are highly encouraged.

The Corporate Taxes Department of the Corporate Taxes Division at Hawaiian Electric Industries has one Management vacancy available (Role: Professional).

Under guidance by the Manager, Corporate Taxes and Senior Tax Specialist, support the department in the calculation and reporting of taxes in the financial statements of HEI and its subsidiaries, and in reports and returns required to be filed in compliance with all tax laws. Involve preparation and/or review of the documentation supporting the calculation and proper periodic reporting of taxes and constant monitoring of legislation and rulings that impact the calculation of taxes for government compliance.

Develop policies and procedures to ensure the proper reconciliation between financial accounting and tax accounting and assist affiliates in the implementation of such policies and procedures.

• Prepares and/or reviews the income tax provision work papers. Reviews significant transactions and determines financial accounting and tax treatment, evaluates the valuation of deferred tax assets, maintains deferred tax inventories, reconciles tax accounts and calculates cash flows related to taxes. Ensures that documentation is compliant with internal control procedures over financial reporting as defined under Section 404.

• Prepares and/or reviews the tax returns/reports for federal and state income tax, exempt organization business income tax, gross receipts tax (including public service company, PUC fees, franchise royalty, general excise and use taxes), payroll taxes, miscellaneous taxes and other informational reports (including exempt organization filings) on a timely basis. Calculates and ensures the timely payment of any taxes due under the law.

• Responds to information requests from the IRS, Department of Labor and state tax authorities regarding the examination of the tax reports filed by HEI and its subsidiaries. Gathers documentation, researches issues raised, supplements documentation as needed, and drafts responses and legal arguments for tax positions taken.

• Performs legal research on the tax implications of contemplated transactions and evaluates both the tax and financial statement implications. Develops tax planning strategies for alternatives to the proposed transaction, when appropriate, in order to arrive at a better tax and/or financial result. Communicates findings and conclusions via verbal and/or written memos directly to company personnel or to the tax manager or director for review.
  
  Continuously monitors legislative and judicial developments that potentially impact the financial reporting of taxes for HEI and its subsidiaries.

• Assists in the preparation of testimony, exhibits and other documentation related to taxes for PUC regulatory proceedings. Compiles tax information and prepares periodic disclosure statements and schedules required by various regulatory agencies, including the SEC, PUC, FRB and OCC.

• Thorough knowledge of Accounting Standards Codification 740, Income Taxes and all related interpretations.
• Thorough knowledge of the preparation and filing of gross revenue, payroll, excise and consolidated income tax returns, and information returns.
• Thorough knowledge of researching technical tax issues and of research resources available.
• Thorough knowledge of the principles and theories of taxation and accounting normally acquired through advanced college level accounting courses and work experience. Professional certification of Certified Public Accountant (CPA) is highly desired.
• Advanced proficiency with computer software applications such as Microsoft Excel and Word.
• Working knowledge of the principles of accounting including general ledger, cost accounting, payroll, book and tax depreciation.
• Working knowledge of One Source income tax compliance system, One Source Tax Provision system and SAP is desired.

• In-depth analytical and computational skills required to resolve complex and dynamic tax and financial issues.
• Excellent written and oral communication skills, including the ability to convey complex tax issues in a format meaningful to a lay person.
• Excellent tax research skills, including the ability to use…