Position Summary
Deloitte Tax LLP seeks a Tax Senior in Chicago, Illinois.
Work You'll Do
Develop and facilitate training on specialized topics relating to tax equity investment and renewable energy. Review and prepare strategic analysis of consolidated assembled client deliverables, including but not limited to Section 42, Section 45, and Section 48. Develop and maintain client relationship by understanding their unique tax needs and provide tailored solutions. Perform due diligence review on tax equity investments, including renewable energy projects that are eligible for tax credits under Section 45 and Section 48 and low-income housing projects that are eligible for tax credits under Section 42, including reviewing transaction documents, project economic models, project valuation reports and tax opinions, and communicate findings to client on the financial, tax and accounting impacts of the investment. Perform due diligence review on mergers and acquisitions in the energy and infrastructure industry, including the review of transaction documents and seller provided financial model and valuation reports, and communicate the findings to the client with a focus on partnership and corporate tax implications. Develop financial models for renewable energy projects using Microsoft Excel to analyze the economic and financial performance of the project, calculate complex partnership and corporate tax structures and accounting implications, and serve as a tool for evaluating potential investments. Assist clients with accounting implications associated with tax equity structures, including Hypothetical Liquidation Book Value ("HLBV") Income Recognition Model and Proportional Amortization Model ("PAM") under U.S. GAAP. Will commute within the Chicago, Illinois area to consult with clients concerning the above job duties.
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Requirements
- Bachelor's (or higher) degree in Accounting Science, Finance, Accountancy or related field (willing to accept foreign education equivalent)
- Eighteen months of experience as a Tax Senior or related occupation gaining tax equity advisory experience.
- Experience must include eighteen months of:
- performing due diligence review on tax equity investments, including, renewable energy projects that are eligible for tax credits under Section 45 and Section 48 and low-income housing projects that are eligible for tax credits under Section 42, including reviewing transaction documents, project economic models, project valuation reports and tax opinions, and communicating findings to client on the financial, tax and accounting impacts of the investment
- performing due diligence review on mergers and acquisitions in the energy and infrastructure industry including the review of transaction documents and seller provided financial model and valuation reports, and communicating the findings to the client with a focus on partnership and corporate tax implications
- performing due diligence review on new market tax credits eligible under Section 45, including reviewing transaction documents, project economic projections, tax opinions, and communicate findings to clients on financial and tax impacts on the investment
- developing financial models for renewable energy projects using Microsoft Excel to analyze the economic and financial performance of the project, calculate complex partnership and corporate tax structures and accounting implications, and serve as a tool for evaluating potential investments
- developing financial models that have the functionality to run multiple scenarios, presenting complex scenario analysis and advising clients on the optimal tax equity financing structures and terms, including tax credit election and transfer of credits under Section 6418 of the IRA
- assisting clients with accounting implications associated with tax equity structures, including Hypothetical Liquidation Book Value ("HLBV") Income Recognition Model and Proportional Amortization Model ("PAM") under U.S. GAAP
- reviewing client partnership tax work papers inclusive of 704(b) capital accounts outside tax basis and tax depreciation calculations
- updating and maintaining tax equity investment tracking models, including tax, accounting, and cash
- mentoring and coaching junior team members
- Less than 10% domestic travel required outside of normal commuting distance.
- Salary: $71,610.00 - $132,990.00/year
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Benefits
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Our people and culture
Our inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work.
Our purpose
Deloitte's purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.
Professional development
From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
As used in this posting, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.
Requisition code: 214383