Tax Analyst
FirstEnergy at a Glance We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger. FirstEnergy (NYSE : FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.
About the Opportunity This is an open position with FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. The Tax Analyst will contribute to a variety of functions within the Tax Department, including tax accounting and related tax financial reporting, tax support of regulatory proceedings, tax planning and analysis, and strategic business unit outreach. The Tax Analyst may be required to prepare journal entries and account reconciliations, prepare documentation to support SOX controls, perform technical tax and / or accounting research, draft memoranda to document tax positions, and create spreadsheets to compute taxes or model the impacts of transactions or planning opportunities. This position will report to the Manager, Tax Accounting and be an onsite role at the FirstEnergy Headquarters in Akron, OH.
Responsibilities include :
- Performing various accounting and analytical tasks to support calculation of the income tax provision, including preparing journal entries for monthly and quarterly closing and documentation relating to financial reporting and internal control functions
- Interacting with the company's independent auditor during quarterly or annual closing and financial reporting
- Reconciling various tax accounts as needed
- Compiling and analyzing data necessary to support the preparation and filing of federal and state income tax returns
- Compiling and analyzing data necessary to support the preparation and filing of various regulatory reports and / or rate cases for the distribution and transmission businesses
- Supporting financial forecasts by reviewing temporary and permanent book-tax differences impacting segment and consolidated taxable income and effective tax rates, and effectively communicating results
- Performing research and analysis concerning the technical tax and accounting implications of various transactions, which may include collaboration with the general accounting research team
- Drafting memoranda to support tax positions
- Participating in special projects in the Tax or Controller's departments, or representing the Tax department on cross-functional teams throughout the company
- Taking the initiative to solve problems and bring issues to closure
- Collaborating openly and honestly as part of a team
- Demonstrating a continuous improvement mindset
- Demonstrating a commitment to excellence
- Acting ethically and with integrity in all aspects of the job
- Demonstrating a commitment to safety
- Promoting a diverse and inclusive working environment
Qualifications include :
Minimum 4-7 years tax experience working in an accounting firm or corporate tax departmentBachelor's degree in accounting requiredCPA or Master's degree in taxation preferredDemonstrated experience with ASC 740 income tax accounting principlesMust be a Tax professional who is inquisitive, possesses excellent organizational and communication skills, and has the ability to adapt to rapidly evolving priorities