Senior Tax Accountant
- Company: Arkansas Electric Cooperative Corporation
- Updated: 5/27/2020
- Location: Little Rock
- Status: Full-Time
- Salary: $85,500 - $107,000/yr
- Job Level: 5-10 Years Experience
- Region: Central
- Category: Accounting/Bookkeeping, Professional
Senior Tax Accountant
Little Rock, AR, USA
Tax & Insurance
Arkansas Electric Cooperative Corporation (AECC) is an organization with a rich history and a bright future. As a leader in the energy industry we look to our employees to help us grow, change, and provide power to over 500,000 members of our 17 electric distribution cooperatives.
The Senior Tax Accountant provides knowledge, expertise and support in the area of taxation by preparing tax returns, projecting future tax liabilities, researching issues and monitoring compliance of Internal Revenue Service (IRS) regulations; assists in providing an assessment of the cooperatives' corporate risk and thereby achieve prudent insurance coverage while monitoring coverage levels necessary to meet contractual obligations. This position presents the opportunity to work alongside peers who are versatile, enthusiastic, and continuing to strive to push AECC and our mission forward.
Provides advice to AECC, AECI, ERMCO and member cooperatives regarding tax accounting, federal and state laws and other statutes, to reduce tax liabilities to the extent possible.
Prepares various tax returns and corresponding work papers such as corporate income tax, state franchise and excise tax and deferred compensation trust returns.
Assists in coordinating with Finance & Administration and Planning Rates & Dispatching Divisions to generate accurate tax liability projections. Advises other cooperative divisions on tax matters, as necessary.
Prepares Patronage/Capital Credit allocations for AECC, AECI and ERMCO.
Reviews current Internal Revenue Code (IRC) and any proposed tax changes for their effect on cooperative business, such as recommending procedural changes to limit tax liabilities and complying with IRS regulations.
Works with auditors from various jurisdictions by maintaining complete work records, cooperatives' tax documents and correspondence to support AECC, AECI and ERMCO's tax positions in pertinent matters and reviewing auditors' tax liability interpretation and financial statement footnote disclosures.
Assists in developing and monitoring systems' information necessary to disclose deferred tax liabilities required by ASC 740: Income Taxes.
Creates and maintains a tax depreciation schedule, which computes regular tax and alternative minimum tax depreciation expense and investment tax credits for the current fiscal year and all preceding years.
Assists in preparation of financial statements and operating budgets by providing journal entries and other input on income tax and corporate insurance and by assisting in the timely payments of cooperative tax liabilities.
Assists in the research and development of the cooperative's tax position on issues of importance to G&T cooperatives, including patronage dividend allocation and retirement, Section 277 of the IRC, and other pertinent areas, as necessary.
Corresponds with federal and state taxing authorities regarding notices, assessments, and other inquiries.
Assists in evaluating and advising management of insurance policy coverage's and their adequacy and in securing insurance agents’ quotations on various types of property, liability, and other insurance premiums and evaluating their validity.
The ability to handle stress and work well with others are essential functions of this position.
Bachelor’s degree in Accounting or related field, plus at least 6 years related experience and/or training, or equivalent combination of education and experience.
401(k) Retirement Plan and Retirement Security Pension Plan
Health, Dental, and Vision Insurance
9 Paid holidays
Paid time off accruals
Free & confidential Employee Assistance Program
Should you elect to apply for this position, AECC/AECI will review your qualifications. If after reviewing the qualifications and experience of all applicants, your skills and credentials meet our needs, someone from our organization may contact you. Please be advised that the time required to complete the applicant review process typically takes between 30 and 90 days, but could extend beyond that. Once the position has been filled, all applicants will be notified via email.
Arkansas Electric Cooperative Corporation and Arkansas Electric Cooperatives, Inc. are Equal Opportunity Workplace and an Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, age or any other protected category.