Director, Tax and Compliance

About us

BlueWave's mission is to protect our planet by transforming access to renewable energy. As a pioneering renewable energy company that develops and owns solar and battery storage projects, BlueWave has a long track record of success and is developing several gigawatts of solar and battery storage projects throughout the United States to ensure our grid is reliable and efficient in a clean energy future. BlueWave is proud to be a certified B Corp, recognized by B Labs as "Best in the World" in Governance.


About the role
Bluewave is looking for a visionary and dedicated Director of Tax and Compliance. This pivotal financial role offers a dynamic opportunity to shape the tax strategy of a rapidly growing renewable energy company, ensuring long-term financial health and aligning with Bluewave's mission to lead the renewable energy charge.  This is a unique opportunity to lead Bluewave through the ever-evolving tax landscape with foresight and precision, ensuring every tax-related decision aligns with our mission for sustainable development in the renewable energy sector.

What you'll do
Reporting directly to the CFO, you'll assume the dual role of:
  1. Tax Strategist & Compliance Champion: You'll orchestrate strategic tax initiatives, including maximizing benefits from the Investment Tax Credit (ITC) and related bonuses, and navigating the complexities of the Inflation Reduction Act (IRA), while ensuring unwavering compliance with all tax laws and regulations. Your deep understanding of the tax landscape will be instrumental in minimizing Bluewave's tax burden and bolstering its financial well-being.
  2. Beyond Compliance: Leading with Foresight: This role extends beyond simple compliance and strategy. You'll delve into tax equity financing, navigate complex partnership structures like flips, and oversee annual tax provisions. Your meticulous attention to detail will ensure accurate and timely tax return filing, sales & use tax management, and adherence to prevailing wage & apprenticeship requirements. Furthermore, you'll leverage the Investment Tax Credit adders to maximize Bluewave's financial advantage.
Specific responsibilities include, but are not limited to:
  • Lead the company's tax function, overseeing all aspects of tax planning, compliance, notices/audits/reporting for federal, state and local income taxes
  • Develop and implement tax strategies that optimize cash flow and minimize tax liability, while ensuring full compliance with all applicable tax laws and regulations
  • Manage the process for claiming the Investment Tax Credit (ITC) including related bonuses, for renewable energy projects, including navigating the complexities of the Inflation Reduction Act (IRA) and ensuring compliance with its provisions
  • Possess deep expertise in tax equity financing structures, including partnership flips and sale-leasebacks
  • Oversee the 3rd party preparation and filing of accurate and timely annual tax returns and quarterly estimated taxes
  • Manage tax provisions, including ASC 740 calculations, to accurately reflect financial statements and support reporting requirements
  • Manage sales and use tax for the company, ensuring proper collection, reporting and remittance
  • Advise on tax implications related to prevailing wage and apprenticeship requirements associated with renewable energy projects
  • Stay up-to-date on the latest tax developments impacting the renewable energy industry, including new legislation, regulations and IRS pronouncements
  • Analyze and implement strategies to maximize the benefit of ITC adders under the IRA
  • Work closely with other departments, including accounting, legal, project finance and operations, to ensure a cohesive tax strategy aligns with business objectives
  • Support the valuation team in maintaining the tax sections of the financial models
  • Review legal documentation and flow of funds supporting financings and reorganizations
  • Maintain and update the existing tax policies, processes, and control environment in accordance with regulatory requirements, while preparing memos and documenting tax positions on various aspects as needed
  • Assists in the design and monitoring of the Company’s accounting policies and internal controls, and implementing improvement where possible

Qualifications:

  • CPA designation (or equivalent) and a minimum of 10 years of experience in a senior tax role, preferably within the renewable energy industry
  • In-depth knowledge of federal, state and local tax laws and regulations applicable and/or available to renewable energy companies
  • Proven experience with tax planning, compliance, and reporting for complex business structures, including partnerships and joint ventures
  • Extensive expertise in the Investment Tax Credit (ITC) and the nuances of the Inflation Reduction Act (IRA), preferably as it relates to solar and battery energy storage projects, including in-depth understanding of IRC Section 48 and 48E
  • Strong understanding of tax equity financing structures, such as partnership flips and sale-leasebacks
  • Excellent communication, leadership, and interpersonal skills with the ability to effectively collaborate with various departments
  • Ability to manage multiple priorities in a fast-paced environment

Benefits:

BlueWave provides employees with a robust benefits package, including unlimited paid time off, dedicated volunteer days, cell phone reimbursement, summer Fridays and 13 paid holidays. In addition, we offer a 401k and Roth 401K option with company match, subsidized health, dental and vision plans, as well as life insurance and long/short-term disability.


Inclusion at BlueWave:

As a mission-driven B Corp, as environmentalists, and as humans, we hold ourselves accountable to creating a workforce that celebrates diversity on our team and within our communities. Our inclusive culture and core values inspire us to develop more innovative, bolder solutions to support our customers and partners in the solar industry. When you join BlueWave, you join a collaborative team doing all that we can to be transparent, sustainable and inclusive as we fight for our shared vision of protecting the planet.


BlueWave is proud to be an Equal Employment Opportunity (EEO) employer. We are committed to creating a diverse and inclusive workplace and will do so by actively seeking to hire and promote diverse individuals throughout the company.  Providing equal employment opportunities to all employees and applicants for employment is critical to our identity and we do not discriminate on the basis of race, color, religion, religious creed, national origin, ancestry, sex, age, handicap (disability), sexual orientation, gender identity/ or expression, genetics, veteran status, marital status, pregnancy or pregnancy-related condition, military status or obligation or other protected status, in accordance with applicable federal, state and local laws.


Compensation will be influenced by a wide array of factors including but not limited to internal pay equity, job-related knowledge, skills, education, licenses/certifications, essential job duties and the necessary experience relative to the job’s minimum qualifications.


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Accounting

Boston, MA

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