Sr Income Tax Analyst or Tax Analyst II

Xcel Energy•Minneapolis, MN

11d•Hybrid

About The Position

This position may be filled at either the Tax Analyst II or Sr Income Tax Analyst level, depending on the selected candidate’s background and years of experience. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Requirements

Degree in business, finance or accounting or equivalent experience.
Ability to effectively use Excel spreadsheets and word processing software.
Demonstrated communication and relationship skills.
Two years' experience in income tax compliance and accounting.
Appropriate experience would include: Consolidated federal and unitary state tax return preparation, Estimated federal and state income tax payment calculations, Monthly tax accruals/financial statement presentation, Income tax research and analysis, with references to authoritative tax literature.
Bachelor's degree in accounting.
Four years' experience in income tax compliance and accounting.
Appropriate experience would include: Current and deferred income tax accruals and financial statement presentation, Consolidated federal and unitary state tax return preparation, Estimated federal and state income tax payment calculations, Income tax research and analysis with references to authoritative tax literature.

Nice To Haves

Master's Degree (i.e. Master of Business Taxation) or equivalent license or certification (i.e. CPA).
Candidates with a Master's Degree or certification such as CPA, CMA, CFA, etc or investment banking or public accounting background may be granted years of experience to reach the 4-year minimum.

Responsibilities

Participates in the preparation of all required federal consolidated and state income tax returns and claims for refund to ensure accurate and timely filing and minimization of tax liability.
Participates in the determination of the monthly tax accruals and disclosures to ensure compliance with IRS, GAAP, Sarbanes Oxley and regulatory income tax accounting and public utility normalization requirements. The timeliness and accuracy of the monthly tax accrual is critical to the company's earnings determination process.
Assists in implementing Company tax policies in order to maintain compliance with governmental regulatory agencies.
Assist in the annual preparation of the Federal Energy Regulatory Commission Form 1 and Uniform Statistical Report.
Performs other non-routine duties and assumes other responsibilities as apparent or as assigned.
Keeps abreast of current changes in tax laws, regulations, and rulings by ongoing reading and research to accurately prepare federal and state income tax returns.
Participates at a higher technical level in the determination of the monthly tax accruals to ensure compliance with IRS, GAAP, Sarbanes Oxley, and regulatory income tax accounting and public utility normalization requirements.
Participates at a higher technical level in the preparation of all required federal consolidated and state income tax returns and claims for refund to ensure accurate and timely filing and minimization of tax liability.
Assists in preparation of quarterly estimated federal and state income tax payments in a manner that minimizes company cash requirements. Includes allocation or distribution of payment obligation among companies in affiliated group.
Prepares or assists in preparation of estimates and projections of income taxes for budgeting purposes, rate filings, and cash forecasts.
Keeps abreast of current changes in tax laws, regulations, and rulings by ongoing reading and research to maintain the ability to inform the Director or Manager, Income Tax Compliance & Accounting of the nature and effect of changes and if appropriate, recommend courses of action.