HEI - Corporate Tax Specialist
The E 4P CORPORATE TAXES Department of the E CORPORATE TAXES Division at Hawaiian Electric Industries has one Management vacancy available. (Role : Professional)
Under guidance by the Manager, Corporate Taxes and Senior Tax Specialist, supports the department in the calculation and reporting of taxes in the financial statements of HEI and its subsidiaries and in reports and returns required to be filed in compliance with all tax laws. Involves preparation and / or review of the documentation supporting the calculation and proper periodic reporting of taxes and constant monitoring of legislation and rulings that impact the calculation of taxes for government compliance. Develop policies and procedures to ensure the proper reconciliation between financial accounting and tax accounting and assist affiliates in the implementation of such policies and procedures.
Financial Reporting of Income Taxes
- Prepares and / or reviews the income tax provision work papers. Reviews significant transactions and determines financial accounting and tax treatment, evaluates the valuation of deferred tax assets, maintains deferred tax inventories, reconcile tax accounts and calculates cash flows related to taxes. Ensures that documentation is compliant with internal control procedures over financial reporting as defined under Section 404.
Tax Compliance
Prepares and / or reviews the tax returns / reports for federal and state income tax, exempt organization business income tax, gross receipts tax (including public service company, PUC fees, franchise royalty, general excise and use taxes), payroll taxes, miscellaneous taxes and other informational reports (including exempt organization filings) on a timely basis. Calculates and ensures the timely payment of any taxes due under the law.Tax Audits
Responds to information requests from the IRS, Department of Labor and state tax authorities in regard to the examination of the tax reports filed by HEI and its subsidiaries. Gathers documentation, researches issues raised, supplements documentation as needed, and drafts responses and legal arguments for tax positions taken.Tax Planning
Performs legal research on the tax implications of contemplated transactions and evaluates both the tax and financial statement implications. Develops tax planning strategies for alternatives to the proposed transaction, when appropriate, in order to arrive at a better tax and / or financial result. Communicates findings and conclusions via verbal and / or written memos directly to company personnel or to tax manager or director for review. Continuously monitors legislative and judicial developments that potentially impact the financial reporting of taxes for HEI and its subsidiaries.Regulatory Compliance
Assists in the preparation of testimony, exhibits and other documentation related to taxes for PUC regulatory proceedings. Compiles tax information and prepares periodic disclosure statements and schedules required by various regulatory agencies, including the SEC, PUC, FRB and OCC.Knowledge Requirements
Thorough knowledge of Accounting Standards Codification 740, Income Taxes and all related interpretations.Thorough knowledge of the preparation and filing of gross revenue, payroll, excise and consolidated income tax returns, and information returns.Thorough knowledge of researching technical tax issues and of research resources available.Thorough knowledge of the principles and theories of taxation and accounting normally acquired through advanced college level accounting courses and work experience. Professional certification of Certified Public Accountant (CPA) is highly desired.Advanced proficiency with computer software application such as Microsoft Excel and Word.Working knowledge of the principles of accounting including general ledger, cost accounting, payroll, book and tax depreciation.Working knowledge of OneSource income tax compliance system, OneSource Tax Provision system and SAP is desired.Skills Requirements
In depth analytical and computational skills required to resolve complex and dynamic tax and financial issues.Excellent written and oral communication skills, including the ability to convey complex tax issues in a format meaningful to a lay person.Excellent tax research skills, including the ability to use research tools available, review the facts of a transaction, apply the relevant law to the facts, and develop legal arguments in support of tax positions taken.Ability to remain flexible in a demanding work environment and adapt to rapidly changing priorities.Strong organizational skills including effective time management techniques to complete multiple tasks efficiently, timely and accurately.Experience Requirements
5-7 years of experience in accounting, finance or legal; of which 3-5 years of experience are in the corporate tax area or equivalent.Experience in utility industry is highly desired.About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc. (HEI) (NYSE : HE) supplies power to 95% of Hawaii's population throughout its electric utilities, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited, and provides a wide range of financial services to individuals and businesses through American Savings Bank, F.S.B., one of Hawaii's largest financial institutions. Including its operating subsidiaries, Hawaiian Electric Industries is one of the largest public companies in Hawaii with approximately 3,800 employees.
At Hawaiian Electric Industries, we strive to be a catalyst for a better Hawaii. We endeavor to be trusted and valued leaders in improving the economic well-being of the state, promoting the environmental sustainability of our islands, and benefiting the communities we serve.
Hawaiian Electric Industries works proactively to improve the future of Hawaii and its communities. These efforts are integrated into our core business strategies. By helping our state achieve economic prosperity and a clean environment, and by addressing our communities' needs, we build a sustainable future for our companies and for Hawaii.