Principal Tax Analyst

Houston, TX

Employment Type: Direct Category: Tax Accounting Job Number: 18669 Work Model: #LI-Hybrid Internal Reference: #LI-JM1

Job Description

About the job
Our client is an incredible publicly traded midstream asset and services company. They seek a Principal Tax Analyst to join their corporate team at their office in Houston, Texas. The company is very profitable and is growing rapidly. They have an incredible reputation as a very employee friendly company. Their culture is positive, and they have unbelievably strong benefits and incentives. 

Job Summary

Serves as lead member of tax accounting team responsible for the timely and accurate preparation of Accounting Standards Codi?cation (ASC 740) income tax calculations and all tax related?nancial statement disclosures. Provides technical support on the application of complex tax accounting issues and rules. Performs research, develops documentation, and prepares technical memos to support tax?nancial reporting positions. Acts as trusted advisor on complex accounting issues.

Key Accountabilities
 
  • Oversees and reviews the income tax provisions in accordance with ASC 740, including interim effective tax rates, deferred taxes, taxes payable, return-to-provision, etc.
  • Oversees and reviews tax basis balance sheets, income tax footnotes and tax-related disclosures in quarterly and annual financial statements.
  • Leads the assessment of tax-related financial statement impacts of tax planning transactions, providing guidance in accordance with ASC 740 and effectively communicating requirements.
  • Assists with financial modeling and forecasting of various ad hoc scenarios, including tax controversy and planning initiatives.
  • Monitors emerging issues in accounting standards (e.g., U.S. generally accepted accounting principles (GAAP) and U.S. Securities and Exchange Commission (SEC) reporting), including proposed changes in tax laws and tax-related financial statement impact.
  • Researches and prepares technical memos to support tax financial reporting positions (e.g. liabilities recorded for uncertain tax positions, situations involving the application of valuation allowances, etc.).
  • Ensures compliance with internal controls for financial reporting income taxes.
  • Assists with system oversight of income tax accounting platform (OneSource Tax Provision) requirements, including set-ups, rollovers, adjustments, trial balance imports, etc.
  • Partners with tax and accounting experts as well as internal and external auditors to support tax efforts.
  • Special projects or other duties as assigned.

Minimum Education & Experience Requirements

Bachelor's degree in accounting or finance from an accredited college or university and 7 years of corporate ASC 740 experience

Other Qualifications Preferred
 
  • Certified Public Accountant (CPA), Master’s degree in Business Administration (MBA), or Master’s of Science degree in Taxation (MST)
  • Advanced Excel skills
  • Experience with OneSource Income Tax platform Other Requirements:
  • Extensive working knowledge of U.S. GAAP accounting principles and ASC 740
  • Advanced knowledge of consolidated tax return regulations and multi-state tax concepts
  • Ability to balance technical knowledge with practical application of rules
  • Ability to research and propose resolutions on tax issues
  • Advanced analytical and problem-solving skills with the ability to make quality decisions in a timely manner
  • Acts as trusted advisor who is easy to work with, having the ability to communicate complex concepts and analyses in ways that are meaningful and useful to both tax and non-tax professionals as well as various levels of management
  • Strong organizational skills and the ability to work in a deadline driven environment
  • Proficient with Excel, Word, and PowerPoint
     
Other Requirements
  • Ability to multi-task and manage multiple projects at one time
  • Highly developed planning, analytical and problem-solving skills
  • Highly developed leadership and interpersonal skills including specific technical abilities and the ability to respond to emergency situations
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Discover exciting job opportunities in the vibrant region around Houston, Texas! Known for its thriving economy, diverse industries, and endless growth prospects, Houston offers an enticing landscape for career-minded individuals. With world-class museums like the Museum of Fine Arts and a rich culinary scene showcasing Tex-Mex delights, BBQ joints, and food trucks serving up local flavors, Houston is a melting pot of culture and creativity. Home to the renowned Space Center Houston, the historic Astrodome, and professional sports teams like the Rockets and the Astros, this region exudes energy and excitement. Embrace the charm of this dynamic area while exploring job listings that could lead you to a fulfilling career right here in Houston!