HEI Tax Accountant & Administrator

Company: HAWAIIAN ELECTRIC CO.
Location: Honolulu
Posted on: January 23, 2023

Job Description:

Press Tab to Move to Skip to Content Link Company: hawaiianel 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: 01/19/2023 at 11:59PM HST 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 ) JOB FUNCTION:Supports the Director and Manager, Corporate Taxes, in the calculation and reporting of taxes of Hawaiian Electric Industries (HEI) and its subsidiaries in returns required to be filed in compliance with all tax laws. Involves preparation of the documentation supporting the calculation and proper periodic reporting of taxes, and processing timely payment of taxes. Monitors current filing requirements and legislation that impact calculation and processing of non-income tax payments and certain tax returns for government compliance.Computes executives' imputed income of certain benefits compensation; maintains HEI (including selected subsidiaries) fixed asset records and prepares depreciation reports; coordinates with Controller's office in the development and administration of the department budget, including five-year payroll tax projections; obtains federal and state tax clearances for all HEI companies; and manages department documents and records (index, archive, retrieval, retention and destruction); and manages department calendars.Communicates directly with outside parties, such as IRS and state agencies, financial institutions, and consultants with regards to administrative and document production matters.Provides general administrative support to the Corporate Taxes department.
-ESSENTIAL FUNCTIONSExecutive Compensation - Coordinates and communicates on a corporate-wide basis to gather information and compute executives' imputed income related to select benefit compensation to ensure consistency across companies

• Computes the imputed income for executive compensation related to various executive fringe benefits and other executive/non-executive benefits and provides information to payroll accountants
• Computes and submits monthly withholding tax payments for benefits paid to former executives -
• Maintains log of executive life insurance proceedsTax Compliance - Works independently to prepare a variety of non-income tax returns/reports for federal, state and county taxes and other informational reports on a timely basis, and calculates and ensures timely payment of taxes due under the law
  • Communicates/coordinates with internal partners to gather required information for filings/calculations
  • Prepares, processes and submits federal and state tax returns (monthly, quarterly, and annual) and related payments for general excise/use taxes, fuel excise taxes, foreign insurance premium excise taxes, and backup withholding taxes.
  • Prepares, processes and submits monthly PSC tax and semi-annual PUC fee payments
  • Analyzes and prepares the annual SUTA joint contribution rate
  • Assists tax specialists with preparation of select tax return workpapers upon request -
  • Assists with resolution of issues related to federal and state tax authorities' notices -
  • Obtains tax clearances from federal and state agencies in person and via the web. Submits registrations and contacts agencies to maintain compliant status.
    -Fixed Assets - Works independently to record and maintain fixed asset records in the company's fixed asset software
    • Communicates/coordinates with internal partners to gather addition/disposal information
    • Records transactions (additions and disposals) into the company's fixed asset system
    • Determines book and tax depreciation lives of assets based on guidance of Controllers and corporate tax department -
    • Prepares/distributes quarterly book and tax depreciation reports
    • Prepares/distributes ad hoc fixed asset reports for other departments as requiredAdministrative - Provides administrative support to the Director and Corporate Taxes department.
      • Prepares department budget and outlook and monitors and administers throughout the year
      • Researches and compiles five-year payroll wage and tax projection reports for budget and rate case use
      • Screens listing of all archive records prior to destruction for income tax audit documentation retention requirements
      • Administers records retention requirements for department files and library
      • Maintains tax filing calendar and monitors compliance of deadlines.
      • Assists in the coordination, compilation and preparation of various federal and state tax and informational filings
      • Maintains log of legislative session bills
      • Maintains logs of document requests, proposed adjustments, and responses related to IRS and state audits.
      • Communicates directly with outside parties, such as IRS and state agencies, financial institutions, and consultants for department matters
      • Schedules in-person and on-line meetings for Corporate Taxes department.
      • Provides various other administrative support to the Director, Manager, and Corporate Taxes department.
        -BASIC QUALIFICATIONS:Knowledge Requirements
        • Knowledge of generally accepted accounting principles normally acquired through college level financial accounting, auditing, statistics and accounting theory courses or equivalent.
        • Knowledge of budgeting concepts and forecasting principles.
        • Working knowledge of Word, Excel, personal computers and mainframe systems and related software applications such as spreadsheets, word processing, database management, etc. -Skills Requirements
          • Ability to communicate effectively with all levels of the organization, both verbally and in writing. Ability to maintain pleasant, efficient, professional manner to relate to high-level executives.
          • Excellent organization, planning and scheduling skills critical.
          • Ability to work independently and effectively in a demanding environment, under time constraints that can be stressful.
          • Ability to be flexible and willing to adapt work schedule to meet the deadlines of the many filing requirements. Position will require longer hours during peak filing periods.
          • Ability to adapt to rapidly changing priorities.
          • Ability to handle several projects simultaneously.Experience Requirements
            • Minimum of 5 years financial experience in a business environment.
            • Experience with preparing/filing corporate federal and state excise tax returns and payments.
            • Experience with fixed asset systems is desired. Role: Professional - Number of Vacancies: 1 - Work Schedule: Monday - Friday Lunch: -60 Minutes 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. Visit us at -http://www.hei.com/ . Interested individuals should apply online. -The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position. - Should there be no candidates with this experience, the company may consider applicants without such experience who meet the knowledge/skill requirements. -If such a candidate is hired, he or she will initially be placed on a development plan commensurate with his/her -education and experience level. By submitting an application for the position, candidates:
              1. Authorize -the Hawaiian Electric Companies -to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
              2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
              3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all -liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
              4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
              5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. -These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history. EEO Statement
              Hawaiian Electric Companies -is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply. Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. -Any request for -reasonable -accommodation needed -during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848. Affiliate Disclaimer
              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. ("Utilities"). The Utilities are regulated by the Hawaii Public Utilities Commission ("PUC"). The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC's Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.
              
              If you are currently or have previously been employed by the Utilities, and are hired by HEI, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Utilities or work on the same matter(s) that you worked on while with the Utilities. If you are hired by HEI, please inform HEI of your prior employment by the Utilities to ensure regulatory compliance.

Keywords: HAWAIIAN ELECTRIC CO., Honolulu , HEI Tax Accountant & Administrator, Accounting, Auditing , Honolulu, Hawaii