HEI - Senior Tax Specialist

About the position

The E 4P CORPORATE TAXES Department of the E CORPORATE TAXES Division at Hawaiian Electric Industries has 1 Management vacancy available. (Role: Professional) Supports the Manager and/or Director, Corporate Taxes, with financial statement reporting for HEI and its subsidiaries, and in filing reports and returns required to maintain compliance with all tax laws. In this regard, the Senior Tax Specialist assists in the review of the tax work product and in the development of policies and procedures to ensure proper tax reporting in a timely manner and provides direction and guidance to Corporate Tax Specialists in all aspects of taxation for HEI and its subsidiaries. In addition, the Senior Tax Specialist provides technical expertise in all areas of taxation involving financial reporting of tax, tax and regulatory compliance and tax planning.

Responsibilities

• Prepares and/or reviews the income tax provision workpapers, which is the basis for determining the total amount of income tax expense recorded on the financial statements.
• Collaborates with the Manager and/or Director in evaluating the classification of income taxes between what is currently payable and what will be paid in the future.
• Oversees and reviews the monthly and quarterly preparation of the roll forwards and reconciliations of income tax accounts prepared by Tax Specialists or HEI subsidiaries.
• Coordinates and reviews the preparation of the quarterly consolidation of tax provision and reconciliations, and the quarterly and annual tax footnote and financial statement disclosures in the SEC filings.
• Provides guidance and collaborates with Corporate Tax Specialists in the preparation and timely filing of federal and state income tax returns, franchise tax return, state general excise and use tax returns, revenue tax returns, pension, other post-retirement and business-related reports.
• Ensures timely and accurate payment of federal and state income taxes, revenue taxes, general excise and use tax, and other post-retirement plan taxes.
• Provides support to Manager and/or Director with any tax initiatives, tax planning opportunities, and assists with implementation.
• Monitors and analyzes tax, regulatory and compliance development and tax law changes and performs and coordinates legal tax research in addressing issues arising from a change in law or company transactions.
• Manages the relationships with external auditors and external tax advisors and coordinates the production of requested documents, ensuring requests are met in a timely basis.
• Coordinates information gathering for revenue agent reviews; researches and initiates Company positions on tax issues.
• Reviews monthly forecast of tax cash flows for HEI and subsidiaries.
• Develops, updates and maintains documentation of tax policies, procedures and process controls in compliance with SOX 404 requirements.
• Implements procedures and process control changes, as necessary.
• Evaluates processes and recommends simplification and standardization procedures for tax compliance and tax accounting requirements.
• Implements process changes.
• Ensures appropriate tax accounting systems meets the needs of the department to comply with tax compliance and financial reporting requirements.
• Provides utilities with witness support for rate case and other proceedings as requested.
• Other duties and special projects as assigned.

Requirements

• Business degree is required.
• Thorough knowledge of the principles of accounting; normally acquired through advanced college level accounting courses.
• Professional certification of Certified Public Accountant (CPA), Masters of Taxation, Masters of Accounting, or Masters of Business Administration strongly preferred.
• Thorough knowledge of federal and state income taxes, and all other taxes associated with doing business (payroll, excise/use, etc.).
• Thorough knowledge of tax-related software applications for compliance, provision, spreadsheets, word processing, etc.
• Thorough knowledge of accounting for income taxes and financial reporting requirements as it relates to taxes.
• 7-10 years of corporate or public accounting experience with at least half the time in the tax compliance and/or research area.

Nice-to-haves

• Advanced degree in tax, finance and/or law is preferred.
• 1-3 years of supervisory/leadership experience preferred.

Benefits

• Competitive compensation package