Income Tax Forecasting Analyst & AccountantJob Summary:The Income Tax Forecasting Analyst & Accountant position is an integral member of the Southern Company Services (SCS) Corporate Tax team and reports to the Income Tax Forecasting & Accounting Manager. The position will require 75% Tax Forecasting and 25% GAS tax accounting responsibilities. For tax forecasting, the employee will work with the various registrants planning teams reviewing the 10-year forecast of federal and state taxable income and the federal credit carryforward analysis. For tax accounting the employee is primarily responsible for performing detailed tax accounting computations, tax provisions, and coordinating both internally with SCS Accounting Finance and Treasury (AFT) and with external auditors/stakeholders, at the various business units within Southern Company Gas.This position provides a great opportunity to develop a deep knowledge of the regulated and unregulated electric and gas utility industries as well as develop an understanding of the business drivers that result in material book tax differences when calculating critical federal and state tax credit utilization. The tax credit utilization analysis is critical to the company in identifying optimal cash tax strategies, including the generating, utilizing and transferring of IRA tax credits.Major Job Responsibilities:SCS Tax Forecasting Analysts (75% of time)
Work with the SCS Tax Depreciation team to update the fixed asset related book/tax timing differences in the forecasting model for assigned registrants for each financial planning submission (6 submission throughout year).
Coordinate with Tax Accounting and Financial Planning Teams to review each Registrant’s federal and state taxable income, tax credit utilization and quarterly tax payments in the 10-year tax forecast.
Prepare executive level tax forecasting summaries for management for each financial planning submission analyzing tax credit utilization, IRA credits generated and transferred and provide potential material potential future tax items that could impact future submissions.
SCS Tax Accountant (25% of time)
Provide Gas registrant accounting support in the corporate income tax accounting area, which includes monthly closing processes, journal entries, analysis, and support of income tax accounts.
Prepare Gas registrant monthly financial reports for internal and external reporting that summarize various income tax balances. Perform federal and multi-state income tax analysis and calculations.
Perform and assist with the as registrant quarterly and monthly account reconciliations, tax analytics, and variance explanations.
Education and Experience:
Bachelor’s degree in accounting or finance required.
Minimum 4 years of experience in accounting, tax and/or finance.
Knowledge and recent professional experience in accounting and/or income taxes preferred.
Experience with UI Financial Planner, or other Tax Forecasting software desired.
Experience with Accounting systems, Powerplan and Tax Provision a plus.
Skills & Abilities:
Good organizational skills
Strong analytical and problem-solving skills
Ability to make decisions and perform in a timely manner with minimal supervisory guidance.
Good verbal and written communications skills
Ability to identify and implement process improvements.
Strong interpersonal skills: ability to work well with people at various levels, in a team environment and with other departments.
Able to communicate complex, technical tax issues in a clear manner to both tax professionals and those not familiar with tax accounting.
Behaviors:
Demonstrates “Our Values” of Safety First, Superior Performance, Total Commitment and Unquestionable Trust in all interactions.
Ethical Behavior: Is widely trusted; deals fairly and ethically with everyone; presents facts in a honest and direct manner; maintains strict confidentiality of sensitive information.
Innovation: Looks for ways to improve workplace effectiveness; solicits the creative ideas of others; efficiently works within budget and time constraints; exhibits willingness to work out of comfort zone
Diversity: Values differences in people; understands different perspectives and frames of reference; recognizes the link between diversity and organizational success and supports an inclusive workplace
Customer Focus: Dedicated to meeting expectations and requirements of internal and external customers; maintains effective relationships across organizations.
Teamwork: Communicates openly and values honesty; listens to others; works with others toward common goals
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com .Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.Job Identification: 9775Job Category: Accounting & AuditingJob Schedule: Full timeCompany: Southern Company Services
