Principal/Sr Principal Tax Accountant

Posted:
9/5/2024, 12:16:02 PM

Location(s):
Falls Church, Virginia, United States ⋅ Virginia, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Accounting

RELOCATION ASSISTANCE: No relocation assistance available

CLEARANCE TYPE: None

TRAVEL: Yes, 10% of the Time

Description

At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work — and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history.

Northrop Grumman is seeking a tax accountant to join our team in Falls Church, VA.

This position may be filled at a higher level based on the requirements below.

Position Summary/Responsibilities (Level 3):

  • Assist in preparing the company’s federal and state(s) research and development tax credit and foreign derived intangible income deduction according to the prescribed laws and regulations. 
  • Assist the provision team by providing them research and development tax credit and foreign derived intangible income deduction on a quarterly basis for financial statement purposes, along with FIN 48 analysis and calculations. 
  • Assist preparing the research and development tax credit and foreign derived intangible income deduction for the company’s annual operating plan. 
  • Assists the federal and state controversy teams to support the federal and state research and development tax credits and foreign derived intangible income deductions claimed. 
  • Assist with researching tax technical issues and prepare modeling for various tax planning ideas, including any accounting method changes.

Position Summary/Responsibilities (Level 4):

  • Prepare the company’s federal and state(s) research and development tax credit and foreign derived intangible income deduction according to the prescribed laws and regulations. 
  • Prepare input from tax planning team for the provision team; the input is primarily calculations on research and development tax credit and foreign derived intangible income deduction on a quarterly basis for financial statement purposes, along with FIN 48 analysis and calculations. 
  • Prepare the research and development tax credit and foreign derived intangible income deduction as an input from the tax planning team for the company’s annual operating plan. 
  • Work with the federal and state controversy teams to support the federal and state audits by drafting responses to Information Document Requests relating to research and development tax credits and foreign derived intangible income deductions claimed. 
  • Perform tax research and draft tax research memoranda documenting tax technical issues and conclusions
  • Prepare modeling and quantitative analysis for various tax planning ideas, including any accounting method changes
  • Coordinate special projects with corporate and sector personnel

Basic Qualifications (Level 3):

  • Bachelors Degree and 5 years of experience, or a Masters Degree and 3 years of experience.
  • Each year of Public Accounting and/or investment banking experience, IF directly relevant, may count for an additional year of experience
  • Certified Public Accountant License (CPA) – will count as 2 years of experience and Masters with CPA - 3 years of experience
  • Proficient with Microsoft Excel, PowerPoint, and Word
  • Familiar with using software like SAP, HFM, or business warehouse

Basic Qualifications (Level 4):

  • Bachelors Degree and 9 years of experience, or a Masters Degree and 7 years of experience.
  • Each year of Public Accounting and/or investment banking experience, IF directly relevant, may count for an additional year of experience
  • Certified Public Accountant License (CPA) – will count as 2 years of experience and Masters with CPA - 3 years of experience
  • Proficient with Microsoft Excel, PowerPoint, and Word
  • Familiar with using software like SAP, HFM, or business warehouse

Preferred Qualifications (Level 3 & 4):

  • CPA and BA or MA in accounting preferred, but not a must
  • Proficient with CorpTax, software SAP, HFM, and business warehouse

Salary Range: $88,700.00 - $133,100.00Salary Range 2: $0.00 - $0.00

The above salary range represents a general guideline; however, Northrop Grumman considers a number of factors when determining base salary offers such as the scope and responsibilities of the position and the candidate's experience, education, skills and current market conditions.

Employees may be eligible for a discretionary bonus in addition to base pay. Annual bonuses are designed to reward individual contributions as well as allow employees to share in company results. Employees in Vice President or Director positions may be eligible for Long Term Incentives. In addition, Northrop Grumman provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, Company paid holidays and paid time off (PTO) for vacation and/or personal business.

The application period for the job is estimated to be 20 days from the job posting date. However, this timeline may be shortened or extended depending on business needs and the availability of qualified candidates.

Northrop Grumman is committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. For our complete EEO/AA and Pay Transparency statement, please visit http://www.northropgrumman.com/EEO. U.S. Citizenship is required for all positions with a government clearance and certain other restricted positions.