Senior Associate - Regulatory Tax

Verizon; Basking Ridge (NJ); Hybrid; USD 81,000 - 141,000; Full time

Job summary

Verizon is seeking a regulatory and tax professional to drive state and local compliance, including Video Franchise and PEG filings, with detailed attention to tax and financial controls. You will collaborate with Regulatory Legal and billing teams to ensure accurate filings and timely payments.

The role requires experience in tax research, SOX, and large data analysis, with a hybrid work arrangement and a strong emphasis on process improvements and accuracy.

Qualifications

• Four or more years of relevant experience required, demonstrated through work and/or military experience.
• Experience in Tax, Finance, or equivalent.
• Experience with tax research, tax accounting, SOX processes, telecommunication taxes, and tax saving strategies.
• Advanced computer skills are required (Excel, Word, PowerPoint).
• Ability to prioritize deliverables with competing timelines.

Responsibilities

• Prepare State and Local Regulatory compliance, including Video Franchise and PEG filings, and Business Licenses in an accurate and timely manner in accordance with the applicable laws and regulations for all Verizon-owned companies.
• Understand the impact of new products and offers to update regulatory filings accordingly.
• Analyze Franchise Recovery costs and submit requests to initiate/terminate surcharges accordingly.
• Partner with Regulatory Legal team to review contract renewals for changes to existing payment terms and ensure implementation with the billing team.
• Process payments in accordance with CPS-103 controls, manage liabilities and expenses related to the filings; work with AP, Treasury, and various in-house payment systems.
• Participate in company initiatives, including new product launch, billing IT developments, and legal entity restructuring by communicating Regulatory compliance impacts and requirements.
• Assist with the accounting aspect of the Regulatory function, including review of account reconciliations, accrual journal entries, and understanding surcharge recovery and expense gaps.
• Prepare analysis related to mergers and acquisitions (including due diligence and computing purchase price adjustments), Budgets, Metrics, Cash Forecasting, and other monthly reports.
• Adhere to Sox controls, assist with related audits, billing inquiries, and resolve notices timely and accurately.
• Partner with Regulatory and Tax Legal teams to conduct research as needed to comply with legislative changes and implement best compliance practices.
• Focus on identifying process improvements and streamlining existing procedures to be effective and efficient.

Skills

Regulatory compliance

Financial analysis

Tax research

SOX experience

Advanced Excel

Education

Bachelor's Degree in Finance or Accounting

Tools

SAP

Alteryx

Qlik

Power BI

Tableau

Google Suite

Job description

When you join Verizon

You want more out of a career. A place to share your ideas freely - even if they're daring or different. Where the true you can learn, grow, and thrive. At Verizon, we power and empower how people live, work and play by connecting them to what brings them joy. We do what we love - driving innovation, creativity, and impact in the world. Our V Team is a community of people who anticipate, lead, and believe that listening is where learning begins. In crisis and in celebration, we come together - lifting our communities and building trust in how we show up, everywhere & always. Want in? Join the #VTeamLife.

What you'll be doing...

We are committed to providing the highest level of compliance. This position is responsible for State and Local Regulatory compliance, including the Video Franchise and PEG(Public Education Grants) filings with various Local Franchise Authorities, utilizing financial systems to analyze data, compute payments for an end-to-end compliance cycle while adhering to compliance laws and contractual agreements. This position will also encompass review of surcharge recovery, account reconciliations, projects, and other related tasks.

• Prepare State and Local Regulatory compliance, including Video Franchise and PEG filings, and Business Licenses in an accurate and timely manner in accordance with the applicable laws and regulations for all Verizon-owned companies.
• Understand the impact of new products and offers to update regulatory filings accordingly.
• Analyze Franchise Recovery costs and submit requests to initiate/terminate surcharges accordingly.
• Partner with Regulatory Legal team to review contract renewals for changes to existing payment terms and ensure implementation with the billing team.
• Process payments in accordance with CPS-103 controls, manage liabilities and expenses related to the filings; work with AP, Treasury, and various in-house payment systems.
• Participate in company initiatives, including new product launch, billing IT developments, and legal entity restructuring by communicating Regulatory compliance impacts and requirements.
• Assist with the accounting aspect of the Regulatory function, including review of account reconciliations, accrual journal entries, and understanding surcharge recovery and expense gaps.
• Prepare analysis related to mergers and acquisitions (including due diligence and computing purchase price adjustments), Budgets, Metrics, Cash Forecasting, and other monthly reports.
• Adhere to Sox controls, assist with related audits, billing inquiries, and resolve notices timely and accurately.
• Partner with Regulatory and Tax Legal teams to conduct research as needed to comply with legislative changes and implement best compliance practices.
• Focus on identifying process improvements and streamlining existing procedures to be effective and efficient.

What we're looking for...

You’ll need to have:

• Four or more years of relevant experience required, demonstrated through work and/or military experience.
• Experience in Tax, Finance, or equivalent.
• Experience with tax research, tax accounting, SOX processes, telecommunication taxes, and tax saving strategies.
• Advanced computer skills are required (Excel, Word, PowerPoint).
• Ability to prioritize deliverables with competing timelines.

Even better if you have one or more of the following:

• A Bachelor's Degree in Finance or Accounting strongly preferred.
• Proficient with large volume data analysis needed for the preparation and filing of tax returns (i.e.: knowledge of billing systems, etc.).
• Regulatory experience.
• Previous exposure to SAP (or other major General Ledger Suite Software).
• Working knowledge of automation tools (i.e. Alteryx, Qlik, Power BI, Tableau, Gemini, Google Suite, Google App Script) and technical skills.
• Strong oral, written communication skills and analytical skills.

Where you'll be working

In this hybrid role, you'll have a defined work location that includes working from home and a minimum of three days per week in the office, which will be set by your manager. Employees are responsible for maintaining compliance with hybrid work policies.

Scheduled Weekly Hours

40

Equal Employment Opportunity

Verizon is an equal opportunity employer. We evaluate qualified applicants without regard to veteran status, disability or other legally protected characteristics.

Benefits and Compensation

Our benefits are designed to help you move forward in your career, and in areas of your life outside of Verizon. From health and wellness benefit options including: medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance, identity theft protection, pet insurance and group home & auto insurance. We also offer a matched 401(k) savings plan, up to 8 company paid holidays per year and up to 6 personal days per year, paid parental leave, adoption assistance and tuition assistance, plus other incentives, we've got you covered with our award-winning total rewards package. Depending on the role, employees have the opportunity to receive compensation in the form of premium pay such as overtime, shift differential, holiday pay, allowances, etc. Newly hired employees receive up to 15 days of vacation per year, which grows with additional service. For part-timers, your coverage will vary as you may be eligible for some of these benefits depending on your individual circumstances.

The salary will vary depending on your location and confirmed job-related skills and experience. This is an incentive based position with the potential to earn more. For part-time roles, your compensation will be adjusted to reflect your hours.The annual salary range for the location(s) listed on this job requisition based on a full-time schedule is: $80,500.00 - $141,000.00.