Tax Analyst, ExpertI'm Interested Date posted 09/11/2020
Requisition ID # 64620
Job Category : Accounting / Finance
Job Level : Individual Contributor
Business Unit: Finance and Risk
Job Location : San Francisco
Research and Planning, Tax Expert - PG&E (“the Company”) is a public utility that is regulated by the CPUC and FERC. Due to the nature of the utility industry, the Expert encounters complexities not faced by similar positions in most companies.
Regulated utilities are subject to tax accounting unique to the industry. In addition to a thorough understanding of the rules applicable to corporate taxpayers, the Expert will be required to learn and address this added technical overlay. In a non-utility company, tax is a by-product of the entity’s activity. As a regulated utility, tax is a recoverable cost and a material component of the Company’s revenues. A background in the utility or regulatory environment is desired by not a requirement.
The Expert must have the ability to conduct research on a variety of tax issues and possess broad technical tax expertise and the ability to develop technical skills outside of his/her current role’s core competency. The Expert must be able to analyze and develop a defensible conclusion on a tax issue using strategic and critical thinking skills, and communicate effectively to upper management, regulators, and taxing authorities.
A successful candidate will
- Determine the appropriate questions to ask, research the relevant authority, formulate a conclusion and communicate it to the stakeholders, factoring in the regulatory overlay and utility specific issues (e.g., Tax Repairs, Green House Gas Emission Credits, Financing Issues, Changes in Accounting Methods);
- Develop planning strategies using scenario modeling and/or financial analysis to improve the benefits realized from implementation of federal, state and local tax planning strategies and determine who would receive such benefits (i.e., shareholders, ratepayers, or both);
- Document conclusions and positions for the tax return, audit, regulatory filings, and ASC 740 Accounting for Uncertainty in Income Taxes taking into account the unique issues faced by regulated utilities (e.g., Tax Repairs, Federal and California audit positions);
- Monitor, evaluate and communicate the impact on the Company of proposed or enacted changes in federal, state and local law;
- Manage and facilitate IRS and FTB income tax audits, including preparing and reviewing responses;
- Advise and provide information and analysis on federal, state and local tax aspects of significant transactions such as acquisitions, dispositions, and financing, factoring in the regulatory overlay;
- B.A or B.S. degree (Accounting or Tax emphasis preferred)
- A minimum of 6 years of of corporate tax experience, in either public accounting or industry.
- Strong knowledge of tax code, compliance and procedures for corporations;
- Strong experience with a variety of tax operations and ability to drive process improvements;
- Demonstrate ability to clearly and concisely communicate (both oral and written) technical issues to upper management, business units, IRS and FTB auditors, and regulators taking into account their level of tax knowledge;
- Demonstrate broad expertise in tax areas as well as demonstrate the ability to analyze and reach conclusions with respect to unfamiliar tax issues;
- Demonstrate the ability to validate a conclusion from a different angle/approach;
- Strong organizational and interpersonal skills;
- Strong ability to utilize project management and best practices to organize and prioritize tasks and the tasks of other tax team members;
- Knowledge of Tax Research Software, including RIA Checkpoint, CCH Intelliconnect and BNA;
- Utility/Regulatory background preferred but not required
- Advanced degree preferred (e.g., MST, JD, LLM)