Accountant - Income Tax

ITC Holdings • Novi, MI

4d

About The Position

The Accountant – Income Tax supports federal income tax compliance, tax accounting, and financial reporting for ITC. The role involves researching complex tax and regulatory issues, applying IRS, GAAP/FASB, and FERC guidance, and contributing to tax accounting and reporting decisions.

Requirements

• Bachelor's degree in Accounting, Finance, or another business-related field.
• At least 3 years of experience in tax, accounting, or finance, including at least 2 years of income tax experience.
• Knowledge and understanding of accounting and tax best practices.
• Ability to research and analyze complex data and provide recommendations to solve problems or improve processes.
• 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 these concepts.
• Intermediate knowledge of personal computers and MS Office, with demonstrated ability to use them for daily assignments.
• Intermediate knowledge of financial systems and ability to extract information for daily assignments.
• Ability to work well independently and as part of a team.
• 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.

Nice To Haves

• Master's degree in accounting, taxation, or business and/or CPA.
• At least 2 years of experience at a public accounting firm.
• Experience with ASC 740 accounting.
• Utility experience.
• PeopleSoft or PowerPlant experience.

Responsibilities

• Maintain records associated with federal tax returns and prepare supporting schedules and reports; 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 journal entries, account reconciliations, and financial statement disclosure information.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level