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PRIMARY PURPOSE OF POSITION:
The Tax Manager has a wide range of responsibility with respect to federal, state and local tax accounting, compliance and research focused on an Exelon business unit and its operating subsidiaries. The position reports directly to the business unit Tax Manager.
PRIMARY DUTIES AND ACCOUNTABILITIES:
- Ownership of quarterly & annual tax provision process to ensure accurate and timely tax accounting and disclosure. Responsibilities include computing and documenting (via work papers) income tax provision calculations for internal and external management reporting. The documentation includes the completion of Sarbanes Oxley controls and Fin 48 positions. In addition, the position interacts with external and internal auditors in the execution of quarterly and annual reviews and audits.
- Ownership of Federal Income Tax Return preparation process to ensure accurate & timely reporting and disclosure. Responsibilities include reviewing less complex portions of the tax return, preparing complex portions of the tax return, and ensuring adequate workpaper documentation. Overall, responsible for the tax return to be in a state to be effectively reviewed by Key Managers.
- Independently researches & concludes on various complex tax issues to determine the appropriate tax treatment and related tax reporting. Research includes preparing written memorandums for review by Key Managers and technical presentations to senior tax leadership.
- Proactively identifies, drives, and implements process improvements that promote risk management, streamline activities, and enhance transparency in tax work streams.
- Assists (with manager of Controversy) in complex controversy matters with governmental agencies including but not limited to the Internal Revenue Service, Illinois Department of Revenue, and Pennsylvania Department of Revenue. Activities include assisting in formulating position statements with respect to identified controversies raised by tax authorities
- Investigates, concludes, and responds to inquires regarding tax matters made by organizations within Exelon. For example, interaction with the Exelon Treasury Department is common to forecast cash flows related to income taxes.
- Undergraduate Accounting or other financial discipline
- 8 year or more of tax experience
- Certified Public Accountant or other financial certification and/or advanced degree (JD or MST) required.
- Good working knowledge of tax laws and regulations
- 40 hours of ongoing annual continuing professional education will be required of all professionals in the Department (at the Company's expense).
Reports directly to the business unit Sr.Tax Manager
Tax's primary office is in Chicago Illinois with regular travel among the office/business unit locations in the Chicago suburbs and Pennsylvania.