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Director of Tax Accounting Reporting & Forecasting

Public Service Enterprise Group
Newark, NJ Full Time
POSTED ON 1/14/2025
AVAILABLE BEFORE 4/11/2025

Requisition : 80103

PSEG Company : PSEG Services Corp.

Salary Range : $ 152,300 - $ 250,100

Incentive : PIP 25%

Work Location Category : Remote Local

PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories : onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.

We want you to be healthy, balanced, and feel secure. That's why you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer a retirement program, 401(k) with company match, company paid life insurance, tuition reimbursement and a minimum of 18 days of paid time off per year.

PSEG offers a unique experience to our more than 12,000 employees - we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.

Job Summary

Directs and controls all Accounting and Reporting matters of Enterprise and all its subsidiaries. Has primary responsibility for all Accounting and Reporting requirements of all controlled corporate entities including preparation of monthly accounting entries, reconciliations and supporting documents, preparation and review of all tax related financial statement disclosures and footnotes, maintenance of reconciliations of all tax accounts, compliance with and maintenance of all related accounting internal controls and maintenance of tax accounting related databases. In addition, the Director - Tax Accounting and Reporting collaborates with the Director of Tax Research and Director Tax Compliance The Director - Tax Accounting and Reporting oversees two direct reports at the manager level and in total, approximately six employees.

This position also interfaces, on a regular basis, with senior finance leadership at each of the business units.

Job Responsibilities

  • Provides overall leadership and development of staff.
  • Responsible for all Tax Accounting and Reporting matters of Enterprise and all its subsidiaries. Directs the preparation and ensures the quality control of all Journal entries, financial statement disclosure, and controls.
  • Ensures that the appropriate tax accounting documentation is properly maintained and organized including FIN48 reserves.
  • Responsible for executing, documenting and revising when needed all tax related financial controls for Sarbanes-Oxley Section 404 purposes.
  • Interfaces with internal and external auditors.
  • Supports regulatory efforts, including rate case filing, testimony, discovery and strategy
  • Coordinate with Corporate Planning team for annual earnings and cash forecast and Long Term Plan
  • Supports determination of appropriate FIN 48 reserves
  • Works closely with Director - Tax Research to ensure tax planning strategies and changes to tax law are properly recorded and documented.
  • Works closely with Director - Tax Compliance to ensure both compliance and accounting processes are coordinated and optimized.
  • Regularly interfaces with and acts as an integral advisor to the VP and Assistant Controller - Tax.
  • Present key issues to Senior Finance leaders, including Chief Accounting Officer, SVP - Finance, CFO, Treasurer and other key leaders

Job Specific Qualifications

Basic Qualifications :

  • Undergraduate Degree in Accounting
  • Expert knowledge in tax accounting matters, preferably in the regulated utility industry
  • Expert Knowledge of Federal and State Tax laws
  • Expert Knowledge of ASC 740
  • Required Competencies :

  • Minimum 10 years of professional tax experience in a large corporate environment or public accounting
  • Proven organizational skills and attention to detail
  • Able to compile complex data sets and prepare presentations for executive leadership
  • Strong writing and presentation communication skills
  • Proven leadership and team building skills
  • Manage in a fast paced environment, successfully leading multiple projects
  • Highest level of integrity
  • Desired Qualifications :

  • Master's degree in taxation
  • Minimum Years of Experience

    9 years of experience

    Education

    Bachelor's in Accounting

    Certifications

    None Noted

    Disclaimer

    Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

    PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

    As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

    For all roles, PSEG's drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident / accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana / cannabis products recreationally and / or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC / Marijuana and such use is not a legitimate medical explanation for such a positive result.

    PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers. This site is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.

    PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.

    If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

    ADDITIONAL EEO / AA INFORMATION (Click link below)

    Know your Rights : Workplace Discrimination is Illegal

    Pay Transparency Nondiscrimination Provision

    Salary : $152,300 - $250,100

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