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HEI - Director, Corporate Taxes

HEI - Director, Corporate Taxes

Hawaiian ElectricHonolulu, Hawaii (HI), US, 96813
30+ days ago
Job type
  • Full-time
Job description

JOB FUNCTION :

Provides leadership in all aspects of taxation to HEI and its subsidiaries, including technical, regulated industry (utility) and practical tax expertise, strategy, research and compliance, to enable senior management to make informed decisions on potential strategies and transactions as well as to properly present its financial statements and related disclosures.

ESSENTIAL FUNCTIONS :

  • Proactively provides tax advice on potential strategies and planned transactions to optimize value, minimize tax exposure, or defer taxes for HEI and its subsidiaries.
  • Provides financial and tax expertise to properly record the tax impact of transactions and prepares tax disclosures in financial statements, tax returns and other reports, such as regulatory filings. Maintains compliance with other tax requirements, such as general excise, use, and fuel excise taxes.
  • Ensures tax compliance, including the filing of all federal, state, county and other jurisdictional tax returns, pension and other postretirement benefit reports, manages the government examination (RAR) process, and negotiates settlements.
  • Proactively and timely communicates tax strategies and issues related to the operating subsidiaries with their management and staff and involves them in determining the implications and process of resolution. Advises the utility on the tax aspects of all regulatory issues and provides expert witness support for rate case and other proceedings, as requested.
  • Actively reviews all current and proposed tax legislation, regulations and rulings and apprises senior management and the board of directors of the significant tax issues affecting HEI and its subsidiaries, including regulatory tax matters.
  • Manages the tax department by preparing and / or reviewing administrative reports and schedules including department goals, plans and budgets. Develops staff, provides effective supervision and conducts performance evaluations for direct reports.
  • Other strategic tax and financial matters or projects, as assigned.

BASIC QUALIFICATIONS :

Knowledge Requirements

  • Professional certification of Certified Public Accountant (CPA), JD, or Masters of Taxation required.
  • Thorough knowledge of federal and state income taxes and all other taxes associated with doing business, normally acquired through an advanced degree in taxation, law or finance. An advanced degree in tax, finance or law is highly desirable.
  • Thorough knowledge of the principles of accounting and a working understanding of financial statement presentation and bookkeeping.
  • Thorough understanding of financial accounting for income taxes and the tax related disclosure requirements for financial statement purposes and SEC reporting.
  • Thorough understanding of the tax research resources available and working knowledge of how to utilize those resources.
  • Strong understanding of regulated utility tax matters and tax-related work experience at a regulated utility is highly desirable.
  • Thorough understanding of the procedural aspects of the income tax examination and appeals.
  • Skills Requirements

  • Ability to effectively communicate both orally and in writing to all levels of the organization, the subsidiaries and to the Board of Directors.
  • Ability to analyze proposed and real transactions for tax implications and the related economic and financial statement impact.
  • Possess the legal research skills to produce / review tax memoranda analyzing a transaction by identifying the issues, explaining the applicable rules and arriving at conclusions of the tax and financial statement impacts.
  • Strong interpersonal skills and the ability to work with company and subsidiary personnel as a team to accomplish desired results.
  • Ability to discuss technical tax issues and to effectively advocate the company’s position on issues being challenged by Internal Revenue Service or other government regulators, and the ability to negotiate settlements at the proper stage of the examination or appeal.
  • Ability to manage and supervise the tax department staff and to formulate a department budget within the parameters set by senior management.
  • Experience Requirements

  • Extensive (10+ years) corporate or public accounting experience with at least half of the time spent in the tax compliance and / or planning area.
  • Several (5+) years of supervisory experience.
  • Role :  Director

    Number of Vacancies :  1

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    Hei Director Corporate Taxes • Honolulu, Hawaii (HI), US, 96813

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