Principal/Sr Principal Tax Accountant

$88,700 - $133,100/Yr

Northrop Grumman - Falls Church, VA

Full-time - Senior

Falls Church, VA

11-50 employees

Computer and Electronic Product Manufacturing

About the position

Northrop Grumman is seeking a Principal/Sr Principal Tax Accountant to join their team in Falls Church, VA. This role involves preparing and assisting with federal and state research and development tax credits and foreign derived intangible income deductions, as well as providing support for financial statement purposes and tax planning. The position requires a strong understanding of tax laws and regulations, along with the ability to conduct research and prepare documentation for audits and tax planning initiatives.

Responsibilities

• 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.
• Assist 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.
• 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.

Requirements

• Bachelors Degree and 5 years of experience, or a Masters Degree and 3 years 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.

Nice-to-haves

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

Benefits

• Health insurance coverage
• Life and disability insurance
• Savings plan
• Company paid holidays
• Paid time off (PTO) for vacation and/or personal business