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HEI - Director, Corporate Taxes

Hawaiian Electric Company
Honolulu, HI Full Time
POSTED ON 1/10/2025
AVAILABLE BEFORE 3/28/2025

Make your application after reading the following skill and qualification requirements for this position.

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.

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 : Director)

JOB FUNCTION :

Provides leadership in all aspects of taxation to HEI and its subsidiaries, including technical, regulated industry (utility and bank) and practical tax expertise, strategy, research and compliance, to enable senior management to make informed decisions on potential strategies and transactions as well as to properly present its financial statements and related disclosures.

ESSENTIAL FUNCTIONS :

  • Proactively provides tax advice on potential strategies and planned transactions to optimize value, minimize tax exposure, or defer taxes for HEI and its subsidiaries.
  • Provides financial and tax expertise to properly record the tax impact of transactions and prepares tax disclosures in financial statements, tax returns and other reports, such as regulatory filings. Maintains compliance with other tax requirements, such as general excise, use, and fuel excise taxes.
  • Ensures tax compliance, including the filing of all federal, state, county and other jurisdictional tax returns, pension and other postretirement benefit reports, manages the government examination (RAR) process, and negotiates settlements.
  • Proactively and timely communicates tax strategies and issues related to the operating subsidiaries with their management and staff and involves them in determining the implications and process of resolution. Advises the utility on the tax aspects of all regulatory issues and provides expert witness support for rate case and other proceedings, as requested.
  • Actively reviews all current and proposed tax legislation, regulations and rulings and apprises senior management and the board of directors of the significant tax issues affecting HEI and its subsidiaries, including regulatory tax matters.
  • Manages the tax department by preparing and / or reviewing administrative reports and schedules including department goals, plans and budgets. Develops staff, provides effective supervision and conducts performance evaluations for direct reports.
  • Other strategic tax and financial matters or projects, as assigned.

BASIC QUALIFICATIONS :

Knowledge Requirements

  • Professional certification of Certified Public Accountant (CPA), JD or Masters of Taxation required.
  • Thorough knowledge of federal and state income taxes and all other taxes associated with doing business, normally acquired through an advanced degree in taxation, law or finance. An advanced degree in tax, finance or law is highly desirable.
  • Thorough knowledge of the principles of accounting and a working understanding of financial statement presentation and bookkeeping.
  • Thorough understanding of financial accounting for income taxes and the tax related disclosure requirements for financial statement purposes and SEC reporting.
  • Thorough understanding of the tax research resources available and working knowledge of how to utilize those resources.
  • Strong understanding of regulated utility tax matters and tax-related work experience at a regulated utility is highly desirable.
  • Thorough understanding of the procedural aspects of the income tax examination and appeals.
  • Skills Requirements

  • Ability to effectively communicate both orally and in writing to all levels of the organization, the subsidiaries and to the Board of Directors.
  • Ability to analyze proposed and real transactions for tax implications and the related economic and financial statement impact.
  • Possess the legal research skills to produce / review tax memoranda analyzing a transaction by identifying the issues, explaining the applicable rules and arriving at conclusions of the tax and financial statement impacts.
  • Strong interpersonal skills and the ability to work with company and subsidiary personnel as a team to accomplish desired results.
  • Ability to discuss technical tax issues and to effectively advocate the company’s position on issues being challenged by Internal Revenue Service or other government regulators, and the ability to negotiate settlements at the proper stage of the examination or appeal.
  • Ability to manage and supervise the tax department staff and to formulate a department budget within the parameters set by senior management.
  • Experience Requirements

  • Extensive (10 years) corporate or public accounting experience with at least half of the time spent in the tax compliance and / or planning area.
  • Several (5 ) years of supervisory experience.
  • Role : Director

    Number of Vacancies : 1

    Location : Honolulu – Oahu

    Hiring Range : The hiring range for the HEI - DIRECTOR, CORPORATE TAXES [Req ID 9261] position is $153,400 to $191,700. The person selected will be placed accordingly to his / her skills and qualifications.

    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.

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    Salary : $153,400 - $191,700

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