Glastonbury, CT 06033
PW Power Systems, LLC (PWPS), is a group company of Mitsubishi Power. PW Power Systems has more than 2,000 industrial gas turbines installed in over 50 countries worldwide and prides itself on being superior in the gas turbine repair and overhaul sector. PWPS offers competitive, efficient, and flexible products at 25 MW to 120 MW of power.
PW Power Systems is committed to providing high-quality solutions for the on-demand power market to increase energy productivity and reliability and deliver operational savings for our customers.
The Income Tax Manager will assist management in the calculation and preparation of the provision for income taxes under ASC 740, quarterly estimated tax payments, schedules for income tax compliance (returns are currently prepared by an outside service provider), research direct and indirect tax issues (both foreign and domestic tax), and provide support for federal/state tax credit programs. Additionally, the manager will assist management with tax planning and resolution of federal, state, and local income tax audits. The manager will be responsible for keeping abreast of changing income tax laws and issues relative to our industry and organization.
ROLES AND RESPONSIBILITIES:
Tax Accounting under ASC 740
– Assist in the preparation of current and deferred tax schedules, including the reconciliation of the income tax provision to filed tax returns and reconciliation of the effective tax rate.
– Assist in calculating tax reserves and valuation allowances on tax positions
-Interface as needed with external auditors and other departments on tax provision matters
-Assist with the preparation of monthly and quarterly tax provisions
Income Tax Compliance
-Assist with the preparation of annual income tax return supporting work papers and tax calculations for federal and state filings. (Returns are currently prepared by an external provider)
-Assist with the preparation of Sales and Use Returns
-Assist with tax basis in fixed assets with tax depreciation software
-Prepare quarterly estimated income tax payments
-Prepare annual income tax extension payments
-Review and prepare timely responses to federal and state income tax notices
-Assist with foreign bank account compliance (FBAR)
Federal, State, and Local Income Tax Audits
– Assist with tax audits including scheduling audits, preparing responses to information requests, and contact with auditors.
-Assist in the negotiation of audit issues with taxing authorities
Income Tax Planning
-Assist with the analysis and implementation of tax savings opportunities and provide effective communication to management on tax planning results
-Perform special research projects as required
-Assist with the tax impacts of multiple M&A activities
-Assist with special projects
REQUIRED TECHNICAL SKILLS:
-Minimum 5 years tax experience in public accounting or comparable industry experience
-Knowledge of US consolidated tax return rules and regulations
-Knowledge of ASC 740
-Knowledge of US tax compliance related to controlled foreign corporations
-Ability to effectively use tax research software
-Strong computer skills, including Word and Excel
-Bachelor of Science in Accounting or Finance
OTHER KEY QUALIFICATIONS:
-CPA or JD preferred
-Ability to handle multiple priorities in an efficient manner
-Outstanding organizational skills
-Strong communication skills both verbal and written
-Attention to detail