HEI - Corporate Tax Specialist

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We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

 

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

 

Posting End Date: This position will remain open until filled. Early applications are highly encouraged. 

 

BRIEF POSTING DESCRIPTION:

The E 4P CORPORATE TAXES Department of the E CORPORATE TAXES Division at Hawaiian Electric Industries has 1 Management vacancy available. (Role: Professional) 

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JOB FUNCTION:

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.   

 

ESSENTIAL FUNCTIONS:

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.

 

BASIC QUALIFICATIONS:

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