Accountant - Income Tax

ITC Holdings Corp.•Novi, MI

23h

About The Position

The Accountant – Income Tax supports federal income tax compliance, tax accounting, and financial reporting for ITC. The role researches complex tax and regulatory issues, applies relevant IRS, GAAP/FASB, and FERC guidance, and contributes to tax accounting and reporting decisions. Responsibilities include maintaining federal tax return records and supporting schedules, determining estimated tax payments, supporting tax planning through budget and forecast information, accounting for current and deferred income taxes under ASC 740, assisting with financial statement disclosures, supporting external auditors, analyzing accounts, and researching tax issues to recommend company positions.

Requirements

Bachelor's degree in Accounting, Finance, or another business-related field.
At least three years of experience in tax, accounting, or finance, including at least two years of income tax experience.
Knowledge and understanding of accounting and tax best practices.
Ability to research and analyze complex data and recommend solutions to problems or process improvements.
Ability to communicate information effectively, verbally and in writing, to internal and external audiences at all levels.
Sound analytical and problem-solving skills.
Understanding of the importance of solid documentation and ability to apply documentation concepts.
Intermediate knowledge of personal computers, including MS Office, and ability to use them to complete daily assignments.
Intermediate knowledge of financial systems and ability to extract information to complete daily assignments.
Ability to work well both on a team and independently.
Authorization to work in the United States for any employer; ITC does not sponsor employment visas such as H-1B or TN visas.

Nice To Haves

Master's degree in accounting, taxation, or business and/or CPA.
At least two years of experience at a public accounting firm.
Experience with ASC 740 accounting.
Utility experience.
PeopleSoft or PowerPlant experience.

Responsibilities

Maintain records associated with filing federal tax returns, prepare supporting schedules and reports, and determine estimated tax payments.
Support tax planning by providing budget and forecast information and reviewing budgets and forecasts for appropriate accounting and tax compliance.
Assist with accounting and reporting for current and deferred income taxes in compliance with ASC 740, including monthly or quarterly documentation such as journal entries and account reconciliations.
Prepare information for financial statement disclosures.
Support external auditors during quarterly reviews and annual audits by responding to questions and preparing schedules.
Analyze accounts to ensure transactions are properly accounted for and resolve accounting issues as applicable.
Research IRS, SEC, FASB, and FERC guidance on tax issues, recommend company positions, and draft supporting position papers.