Job Description
Job Summary:
Senior Income Tax Accountant I & II positions are integral members of the Southern Company Services (SCS) Income Tax Reporting and Forecasting Team. This role reports to the Income Tax Accounting Supervisor and primarily supports the income tax provisions of both large corporate consolidations and partnership entities in accordance with ASC 740 for Southern Company GAS.
Responsibilities:
- Design, test, implement income tax accounting process improvements for large consolidations.
- Calculation & review of differences between book (GAAP) and complex income tax positions, tax adjusting journal entries, & supporting workpapers, for both federal, state, & local authorities.
- Calculate both the current year and future federal, state, & local income tax impacts due to changes in both statutory rates and apportionable state income changes.
- Research and analyze complex state tax transactions including apportionment methodology, unitary filings, tax allocations, and intercompany state income tax payable reconciliations.
- Process actualization of complex sub-consolidations for both Federal and state income tax provisions versus final tax return filing positions ensuring reconciliation of income tax accruals.
- Preparation and review of complex tax basis balance sheets, corresponding accumulated deferred income tax balances, through supporting reconciliations and supporting workpapers.
- Analyze and communicate drivers of year to date and year over year income tax variances.
- Support regulatory tax filings and income tax portions of the ratemaking process as needed.
- Identify information gaps and data flow problems, coordinate solutions for process improvements and efficiency, including assisting in both software design and implementation.
- Actively engage in knowledge transfer, job training, mentoring, and guiding less experienced members of the team and organization on assigned projects.
- Develop and manage both relationships and communications between the Tax Accounting department and its stakeholders, including Financial Reporting; Financial Planning; Tax Compliance; Accounting Research, Indirect Tax, Property Accounting, and Auditors.
Education and Experience:
- Bachelor’s degree in accounting required, master’s degree in accounting or tax preferred.
- Minimum of 4 to 5 years of professional experience in accounting for corporate income taxes required.
- Public accounting experience a plus.
- CPA preferred.
- Proven knowledge and recent professional experience in accounting and/or income tax compliance, with knowledge of GAAP and book/tax differences (ASC 740).
- Regulatory accounting experience and knowledge of ASC 980 a plus, including preparation of both FERC Form 1 & FERC Form 2 filings.
- Experience with Oracle ERP and advanced excel desired, and experience with UI Financial Planner, Alteryx, PowerPlan-Tax Provision is a plus.
Skills & Abilities:
- Strong analytical, problem-solving, and organizational skills.
- Ability to make decisions and perform in a timely manner with minimal supervisory guidance.
- Demonstrates excellent verbal and written communications skills.
- Strong people skills: ability to collaborate well with people at various levels, in a team environment and with other departments.
- Ability to communicate complex, technical tax issues in a clear manner to both tax professionals and those not familiar with tax accounting.
- Able to work in the office 4 days per week.
Job Summary:
Senior Income Tax Accountant I & II positions are integral members of the Southern Company Services (SCS) Income Tax Reporting and Forecasting Team. This role reports to the Income Tax Accounting Supervisor and primarily supports the income tax provisions of both large corporate consolidations and partnership entities in accordance with ASC 740 for Southern Company GAS.
Responsibilities:
- Design, test, implement income tax accounting process improvements for large consolidations.
- Calculation & review of differences between book (GAAP) and complex income tax positions, tax adjusting journal entries, & supporting workpapers, for both federal, state, & local authorities.
- Calculate both the current year and future federal, state, & local income tax impacts due to changes in both statutory rates and apportionable state income changes.
- Research and analyze complex state tax transactions including apportionment methodology, unitary filings, tax allocations, and intercompany state income tax payable reconciliations.
- Process actualization of complex sub-consolidations for both Federal and state income tax provisions versus final tax return filing positions ensuring reconciliation of income tax accruals.
- Preparation and review of complex tax basis balance sheets, corresponding accumulated deferred income tax balances, through supporting reconciliations and supporting workpapers.
- Analyze and communicate drivers of year to date and year over year income tax variances.
- Support regulatory tax filings and income tax portions of the ratemaking process as needed.
- Identify information gaps and data flow problems, coordinate solutions for process improvements and efficiency, including assisting in both software design and implementation.
- Actively engage in knowledge transfer, job training, mentoring, and guiding less experienced members of the team and organization on assigned projects.
- Develop and manage both relationships and communications between the Tax Accounting department and its stakeholders, including Financial Reporting; Financial Planning; Tax Compliance; Accounting Research, Indirect Tax, Property Accounting, and Auditors.
Education and Experience:
- Bachelor’s degree in accounting required, master’s degree in accounting or tax preferred.
- Minimum of 4 to 5 years of professional experience in accounting for corporate income taxes required.
- Public accounting experience a plus.
- CPA preferred.
- Proven knowledge and recent professional experience in accounting and/or income tax compliance, with knowledge of GAAP and book/tax differences (ASC 740).
- Regulatory accounting experience and knowledge of ASC 980 a plus, including preparation of both FERC Form 1 & FERC Form 2 filings.
- Experience with Oracle ERP and advanced excel desired, and experience with UI Financial Planner, Alteryx, PowerPlan-Tax Provision is a plus.
Skills & Abilities:
- Strong analytical, problem-solving, and organizational skills.
- Ability to make decisions and perform in a timely manner with minimal supervisory guidance.
- Demonstrates excellent verbal and written communications skills.
- Strong people skills: ability to collaborate well with people at various levels, in a team environment and with other departments.
- Ability to communicate complex, technical tax issues in a clear manner to both tax professionals and those not familiar with tax accounting.
- Able to work in the office 4 days per week.
About Southern Company
Southern Company is one of the largest energy providers in the United States. Based in Atlanta, Southern Company owns electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications.
The men and women who work at Southern Company understand that we don’t simply provide a product or service. Clean, safe, reliable and affordable energy is essential to our way of life. More than 100 years ago, our company played a major role in the growth and prosperity of the South – and we continue to play a role today through our support of economic development and our philanthropic efforts. We believe the communities we serve should be better off because we’re there.
Our principal business is to make, move and sell energy. Those are the “whats” of our business. But it’s the “hows” that make us different. The actions of our employees are what truly define us and have earned us a high level of trust among our customers, shareholders and regulators.
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