Sr Tax Analyst

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Location: CHICAGO, IL, United States
Organization: Exelon Business Servcs Co, LLC
Job ID: 245247
Date Posted: Dec 14, 2022
Job: Accounting & Finance

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Job Description

Description

Be a part of something powerful at America's leading energy provider!

At Exelon, our people are the heart and soul of our business. Whether it's powering lives, supporting communities or collaborating with colleagues, an Exelon employee is talented, compassionate, forward-thinking and inspired. We are a Fortune 200 company united by our values and shared vision for a cleaner and brighter future. We encourage curiosity, value diverse perspectives and we never stop looking for ways to be, work and do better. We know the future is in our hands. That's why we're looking for people like you, who have the power to make a difference.

As the nation's largest utility company, we serve more than 10 million customers through six fully regulated transmission and distribution utilities -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). All 18,000 of us are committed to delivering safe, reliable and affordable energy to our customers, strengthening our communities, supporting a clean energy future and reducing our impact on the changing climate.

Our people are empowered to evolve and advance their careers in an open and inclusive environment. We pride ourselves on being the kind of place where people want to come, stay and grow -- whether that's in the role and path they start in or in new and exciting career opportunities across our business. We know that investing in our employees' futures strengthens ours, which is why we offer competitive compensation, incentives, opportunities for career path changes, and health and retirement benefits.

PRIMARY PURPOSE OF POSITION

The Senior Tax Analyst will assist with the preparation, recording and reporting of Exelons federal taxes in the quarterly and annual financial statements. In addition, this individual will be responsible for the preparation of income and non-income tax returns of the Exelon companies. This includes assistance with all compliance matters related to federal taxes.


PRIMARY DUTIES AND ACCOUNTABILITIES
  • Assist with the calculation of Exelons federal tax expense, reconcile federal tax account balances, prepare federal tax basis balance sheet adjustments, prepare federal FIN 48 and FAS 109 supporting workpapers, schedules and calculations, including federal valuation allowances, execution of all federal related SOX controls, and U.S. and non-U.S. international tax filings (30%)
  • Prepare workpapers, schedules, calculations and other items related to federal tax return filings as well as estimated tax payments, extension payments and tax sharing settlements (30%)
  • Support IRS exam process, administration and drafting of responses to tax notices and preparation and filing of amended federal tax returns (10%)
  • Calculate interest expense on federal tax deficiencies, preparation of all supporting workpapers, schedules and calculations, and collaborate with other groups to ensure interest is properly reflected in financials (5%)
  • Prepare workpapers and calculations supporting the tax portions of the latest estimates and long range plans (10%)
  • Assist with implementation of changes in tax laws, process improvements, planning opportunities, and other ad hoc projects (10%)
  • Assist with technical research supporting tax positions taken in federal tax filings, including drafting of written memorandums (5%)

JOB SCOPE
  • Reports directly to the business unit Tax Manager
  • The Tax Department's primary office is in Chicago, Illinois .

Qualifications

MINIMUM QUALIFICATIONS
  • Undergraduate Accounting or other financial discipline
  • At least 5 years related experience including 3 or more years of professional tax experience focusing on large publicly traded corporations, including a combination of industry and public accounting experience
  • Familiarity with all major areas of federal and state tax law
  • Appreciation of the impact of taxes on the financial statements
  • Good research, writing and communication skills
  • 40 hours of ongoing annual continuing professional education will be required of all professionals in the Department (at the Company's expense)

PREFERRED QUALIFICATIONS
  • Energy industry experience is desirable, though not at the expense of a broad base of experience.
  • Certified Public Accountant or other financial certification and/or advanced degree (MST)


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