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Manager, Transaction Tax

Location: CHICAGO, IL, United States
Organization: Exelon Business Servcs Co, LLC
Job ID: 233293
Date Posted: Aug 18, 2021

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Job Description

Description

At Exelon, we've got a place for you! 

Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce. 

Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits. 

Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!
 
PRIMARY PURPOSE OF POSITION
    
The Manager, Transaction Tax leads and has ownership of/responsibility for the tax compliance and accounting processes related to transaction taxes for Exelon Corporation and Subsidiaries. Transaction taxes encompass all state and local taxes other than income, property, and payroll taxes; transaction taxes include sales and use taxes, gross receipts taxes, excise taxes, business license taxes and other domestic and foreign indirect taxes. The tax compliance function leverages highly-automated internal compliance processes. Sales/use tax filings are outsourced to a compliance service provider. The individual in this position is responsible for overseeing the compliance processes performed internally and by the compliance service provider. The Manager, Transaction Tax oversees the work performed by two senior analysts who are dedicated to the transaction tax function. The individual in this position also serves as the primary liaison for transaction tax compliance matters between the tax team and various business partners.  Finally, the Manager, Transaction Tax manages transaction tax-related special projects, as determined by the Sr. Manager, State & Local Tax.

PRIMARY FUNCTIONS AND RESPONSIBILITIES
1.    Continuously identify and implement process changes to improve efficiency and accuracy of transaction tax compliance data, filings, payments and related accounting and processes.
2.    Manage the preparation of transaction tax returns by internal resources and the compliance service provider; responsible for reviewing and checking the accuracy of material returns as well as monitoring and reporting on related controls; manage and perform necessary testing of compliance systems and source data.
3.    Manage the tax accounting processes and entries related to transaction taxes and advise the business and tax department on the financial statement impact of transaction taxes. 
4.    Serve as the primary liaison for transaction tax compliance matters between the State and Local Tax team and various business partners, including new business developments.  In this capacity, timely share information within the State and Local Tax team regarding business changes (e.g., billing system changes, new product offerings, jurisdictional changes, sales volume changes).
5.    Manage the collection and conveyance of information needed for transaction tax audits and other SALT planning projects and assist with state and local transaction tax audits.
6.    Assist with special projects as needed. 

Qualifications

POSITION SPECIFICATIONS
Minimum:
•    Undergraduate degree in Accounting or other financial discipline
•    8-10 years of transaction tax compliance experience including at least 4 years in a managerial position overseeing automated compliance processes and managing multiple stakeholders
•    Comprehensive knowledge of state transaction tax laws
•    Strong communication skills, written and verbal
Preferred:
•    Transaction tax compliance experience with a multistate U.S. organization involving a large volume of filings for multiple legal entities
•    Energy/Utility industry experience is desirable, though not at the expense of a broad base of experience
•    Certified Public Accountant or other financial certification and/or advanced degree (MST)

DISCLAIMER
The preceding position description is intended to provide the general nature and level of work to be performed by employees within this classification.  It is not intended to be a detailed description of the position or a comprehensive listing of all duties, responsibilities, and qualifications required of employees assigned to this position, nor is it intended to indicate the exact amounts of time an individual will perform various position duties.

Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

VEVRAA Federal Contractor
EEO is the Law Poster: http://www1.eeoc.gov/employers/poster.cfm
 

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