HEI Director of Corporate Taxation

3 weeks ago


Honolulu, Hawaii, United States Hawaiian Electric Company Full time
Job Summary:

We are seeking a highly skilled Taxation Director to join our team at Hawaiian Electric Industries. As a key member of our Corporate Tax Department, you will be responsible for providing leadership in all aspects of taxation, including technical, regulated industry, and practical tax expertise, strategy, research, and compliance.

Key Responsibilities:

• Provide tax advice on potential strategies and planned transactions to optimize value, minimize tax exposure, or defer taxes for HEI and its subsidiaries.
• Provide 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.
• Maintain compliance with other tax requirements, such as general excise, use, and fuel excise taxes.
• Ensure 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.
• Advise 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.

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.
• Strong understanding of regulated utility tax matters and tax-related work experience at a regulated utility is highly desirable.
• 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.
• 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.

What We Offer:

The hiring range for this position is $153,400 to $191,700. The person selected will be placed accordingly to his/her skills and qualifications. Hawaiian Electric Industries, Inc. (HEI) is a parent holding company of Hawaiian Electric Company, Inc., Maui Electric Company, Limited, and Hawaii Electric Light Company, Inc. (the Utilities). The Utilities are regulated by the Hawaii Public Utilities Commission (PUC).

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