Senior, Tax Accountant
American WaterRequisition ID: 110070
Share Our Purpose. Be Yourself. Feel Valued.
People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.
We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s approximately 7,000 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
Position Information
$68,640 - $114,660
The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity.
In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more!
American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!
Primary Role
Member of the regulatory tax department: The regulatory tax department supports results of the tax reporting and compliance team in the regulatory affairs of the company in order to meet the overall financial strategies and objectives of the company. The regulatory tax department integrates tax strategies into rate mechanisms, provides expert witness testimony with regulatory proceedings, and is responsible for the calculations that support plant related accumulated deferred income taxes and excess deferred income taxes and amortization.
This role is responsible for the preparation of income tax specific sections and exhibits of rate cases and other regulatory filings, the identification and implementation of key tax savings and/or process improvements, and
providing support for income tax matters of the business including tax reconciliations, compliance and audits.
Key Accountabilities
- Provide rate case support, and accounting considerations, as applicable, to a regulated company and its subsidiaries (excluding payroll taxes).
- Prepare the data requests related to rate cases and rate filings.
- Conduct research and interpret tax law for review by tax managers and directors.
- Support the tax accounting considerations and rate-making implications related to merger and acquisitions, and/or other business initiatives with a primary focus on the regulatory impacts.
- Assisting with tax compliance and tax accounting, most frequently with tax fixed asset calculations, and other special projects and assigned tasks.
- Recommend and help implement changes to tax department processes to standardize procedures and increase tax efficiencies. Have the ability to solve complex and diverse problems that require tax specific skills and job knowledge to determine best course of action.
- Establish relationships with key internal and external groups, including finance, accounting, rates and operational personnel. Serve as a subject matter expert to colleagues. Contribute to measurable team and/or organizational objectives.
Knowledge/Skills
- Ability to manage competing priorities and the pressures associated with tax filings and general business demands. Strong analytical and problem-solving skills.
- Strong written and oral communication skills with proven ability to interact effectively with internal customers, management and external professionals.
- Ability to effectively work independently.
- Strong interpersonal skills, with an emphasis on initiative, knowledge sharing, team building and decision making.
- Tax compliance knowledge and experience, especially with accounting for income taxes (ASC 740) and Sarbanes – Oxley requirements.
- Experience in the utility industry and knowledge of regulatory accounting desired.
- Experience with tax fixed asset calculations desired.
- SAP, PowerPlant, Hyperion, SharePoint and Tax software experience desired.
Experience/Education
- 5 to 7 years’ experience in income tax accounting
- Requires a bachelor's level degree and work experience that provides the knowledge of and exposure to tax accounting as well as theories, principles and concepts of tax reporting and compliance.
- CPA is desired.
- Public accounting experience is preferred.
Travel Requirements
Ability to travel 0-10%
Competencies
Join American Water...We Keep Life Flowing™
American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.