Utility Valuation Analyst

State of Nevada•Carson City, NV

3d•Onsite

About The Position

The Nevada Department of Taxation is seeking a Utility Valuation Analyst in the Centrally-Assessed Section of the Division of Local Government Finance in Carson City. Under general supervision, the incumbent will perform a variety of job duties including complex appraisals for utility and transportation corporations in various industries for property tax purposes, using appraisal, accounting, and financial knowledge and skills; collects and analyzes industry and individual utility companies' financial data to develop value indicators of corporate value; prepares narrative summaries to substantiate value; develops and applies capitalization rate studies for each industry; interprets and explains statutes, codes, procedures, timeframes, methodologies, forms, reports, results, instructions, and penalties with regard to billing, collection and distribution of property taxes when requested by interested parties including taxpayers, legislators, Tax Commission, and local governments; and serves as expert witness regarding valuations and assessment. The incumbent will also assist in the appraisal of mines using advanced income approaches to value, including discounted cash flow models; and assists in the certification of net proceeds of minerals tax through desk review of financial reports. Utility Valuation Analysts appraise intercounty and interstate utilities and transportation companies for ad valorem tax purposes using appraisal, accounting and finance methods.

Requirements

Three or more years of applicable experience as described in the job duties
Graduation from high school or equivalent education

Nice To Haves

Knowledge of applicable federal and State laws, regulations, codes, reporting, requirements, and agency policies and procedures
Knowledge of reporting requirements for various commissions
Knowledge of legal terminology, documents, and descriptions
Knowledge of accounting principles and financial accounting standards
Knowledge of financial analysis
Knowledge of preparation of accounting reports, balance sheets, and income statements
Knowledge of application of macroeconomic principles
Knowledge of billing and collection procedures
Knowledge of forecasting/projection of revenue streams or assessment levels from property taxes
Knowledge of corporate and shareholders’ reports and Security and Exchange Commission forms
Knowledge of stock and bond data sources
Knowledge of local assessors’ appraisal and taxing requirements, methods, and reports
Knowledge of property appraisal methods, principles, and practices
Knowledge of utility and transportation company operations
Skill in appraisal of utility and transportation companies
Skill in interpersonal and communication, both verbal and written
Skill in use and operation of office and job-related equipment and software
Ability to organize, present, and defend valuations before the public, Board of Equalization, Tax Commission, and company representatives
Ability to appraise property
Ability to read and understand financial reports
Ability to develop cost of capital studies

Responsibilities

Research, collect, and analyze financial data from industry and individual utility companies to develop value indicators for estimating corporate value.
Prepare narrative summaries to substantiate value and develop and apply capitalization rate studies for each industry.
Examine company reports and statements to accurately allocate assessments and distribute taxes to local governments.
Develop methods to forecast revenue and communicate projections for use in the local government budgeting process.
Compile assessment and valuation data into reports and bulletins for review by boards and commissions.
Disseminate information to corporate and government officials.
Interpret and explain laws, codes, policies, procedures, and results of valuation assessments to interested parties and to develop and apply valuation methodologies.
Inspect and examine company records to determine compliance with instructions, timeframes, and accuracy.
Detail timeframes, methodologies, forms, reports, results, instructions, and penalties to interested parties.
Serve as an expert witness regarding valuations and assessments.
Perform related duties as assigned.
Assist in the appraisal of mines using advanced income approaches to value, including discounted cash flow models.
Assist in the certification of net proceeds of minerals tax through desk review of financial reports.