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Tax Analyst, Principal

San Francisco, CA, US, 94105

Requisition ID # 29617 

Job Category : Accounting / Finance 

Job Level : Manager/Principal

Business Unit: Finance and Risk

Job Location : San Francisco

Research and Planning Principal - PG&E (“the Company”) is a public utility that is regulated by the CPUC and FERC.  Due to the nature of the utility industry, the Principal encounters complexities not faced by similar positions in most companies.

 

Regulated utilities are subject to tax accounting unique to the industry.  In addition to a thorough understanding of the rules applicable to corporate taxpayers, the Principal will be required to learn and address this added technical overlay.  In a non-utility company, tax is a by-product of the entity’s activity.  Here, tax drives revenues.  As a regulated utility, tax is a recoverable cost and a material component of the Company’s revenues.

 

The Principal must have the ability to conduct research on a variety of tax issues unique to the utility industry as well as standard corporate tax issues.  The Principal must be able to analyze and develop a defensible conclusion on a tax issue using strategic and critical thinking skills, and communicate effectively to the upper management, regulators, and taxing authorities.

 

A successful candidate will

  • Determine the appropriate questions to ask, research the relevant authority, formulate a conclusion and communicate it to the stakeholders, factoring in the regulatory overlay and utility specific issues (e.g., Tax Repairs, Green House Gas Emission Credits, Contributions in Aid of Construction, Nuclear Decommissioning Trust);
  • Develop planning strategies using scenario modeling and/or financial analysis to improve the benefits realized from implementation of federal, state and local tax planning strategies and determine who would receive such benefits (i.e., shareholders, ratepayers, or both);
  • Document conclusions and positions for the tax return, audit, regulatory filings, and ASC 740 Accounting for Uncertainty in Income Taxes taking into account the unique issues faced by regulated utilities (e.g., Tax Repairs, Federal and California audit positions);
  • Monitor, evaluate and communicate the impact on the Company of proposed or enacted changes in federal, state and local law;
  • Manage and facilitate IRS and FTB income tax audits, including preparing and reviewing responses;
  • Advise and provide information and analysis on federal, state and local tax aspects of significant transactions such as acquisitions, dispositions, and financing, factoring in the regulatory overlay;

Requirements:

Minimum

  • Minimum of nine (9) years of corporate tax experience, in either public accounting or industry
  • BA or BS Degree (Accounting or Tax emphasis preferred)

Desired

  • CPA
  • Advanced degree i accounting, tax or law (e.g., MST, JD, LLM)
  • Utility experience
  • Strong knowledge of tax code, compliance and procedures for corporations
  • Strong experience with a variety of tax operations and ability to drive process improvements
  • Demonstrate ability to clearly and concisely communicate (both oral and written) technical issues to upper management, business units, IRS and FTB auditors, and regulators taking into account their level of tax knowledge
  • Demonstrate broad expertise in tax areas as well as demonstrate the ability to analyze and reach conclusions with respect to unfamiliar tax issues
  • Demonstrate the ability to validate a conclusion from a different angle/approach
  • Strong organizational and interpersonal skills
  • Strong ability to utilize project management and best practices to organize and prioritize tasks and the tasks of other tax team members
  • Knowledge of Tax Research Software, including RIA Checkpoint, CCH Intelliconnect and BNA

Our Mission

To safely and reliably deliver affordable and clean energy to our customers and communities every single day, while building the energy network of tomorrow.

Our Vision

With a sustainable energy future as our North Star, we will meet the challenge of climage change while providing affordable energy for all customers.

Our Culture

We put safety first.
We are accountable. We act with integrity, transparency and humility.
We are here to serve our customers.
We embrace change, innovation and continuous improvement.
We value diversity and inclusion. We speak up, listen up and follow up.
We succeed through collaboration and partnership. We are one team.

Company
Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric companies in the United States. Based in San Francisco, our 24,000 employees deliver safe, reliable, affordable and clean energy to nearly 16 million people throughout our Northern and Central California service area, stretching from Eureka to Bakersfield and from the Pacific Ocean to the Sierra Nevada.

More About Our Company

EEO
Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.


Nearest Major Market: San Francisco
Nearest Secondary Market: Oakland