Tax Manager

Job Description

Job Description

Salary:

Jupiter Power is an energy infrastructure company focused on the development, construction, trading and operation of battery energy storage assets across U.S. power markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary optimization applications daily to dispatch its fleet and support its offtake customers. Backed by BlackRocks Diversified Infrastructure business, Jupiter Power has a strategic portfolio of nearly 2,300 MW / 5,000 MWh in operations or under construction and a pipeline of over 12,000 MW in new projects in development.

We are seeking a Tax Manager to join our Finance team. In this role, you will be responsible for ensuring accurate tax reporting and maximizing tax benefits such as Investment Tax Credits (ITC) and accelerated depreciation under MACRS. You will work closely with finance leadership, project development teams, to evaluate and provide guidance on the tax implications of various business transactions, including purchase and sale agreements and revenue contracts.

This role will be based out of our Austin, TX office and is subject to our Companys return-to-office policy which currently requires a minimum of three days a week in the office.

Key Responsibilities:

Tax Compliance & Reporting

• Assist in the preparation and review of Federal and State income tax returns for complex partnership structures, including renewable energy tax equity arrangements.
• Coordinate with external tax advisors to ensure timely and accurate filings across multiple jurisdictions.
• Manage the end-to-end lifecycle of Sales and Use Tax (SALT), including the development of internal policies, nexus monitoring, and monthly/quarterly filings.

Fixed Asset Management & Cost Segregation

• Develop and maintain capitalization policies aligned with GAAP and IRS regulations.
• Assist cost segregation studies for energy projects to optimize ITC eligibility and accelerate depreciation benefits.
• Manage the process for placing projects in service at Commercial Operation Date (COD), ensuring accurate allocation of costs between depreciable assets and ITC-qualified components.
• Maintain detailed Depreciation and Amortization schedules for book (GAAP) and tax (MACRS/Bonus Depreciation) purposes.
• Review Construction-in-Progress (CIP) accounts for timely transfers and identify impairments or disposals.

Transactional Tax Advisory

• Partner with business operations and legal teams to evaluate and advise on tax implications of various business transactions, including:
  • Purchase and sale transactions of energy assets.
  • Membership Interest Purchase and Sale Agreements
  • Revenue contracts and power purchase agreements (PPAs).
  • Tax equity financing structures.
• Provide proactive tax planning strategies to optimize deal structures and minimize risk.

Technical Tax & Audit Support

• Document tax positions related to ITC, partnership structures, and renewable energy incentives.
• Support year-end audits with tax and fixed asset workpapers and disclosures.
• Manage tax calendars for estimated payments, franchise taxes, and sales and use taxes across multiple states.

Qualifications:

• Experience: minimum of 5 years progressive tax experience, ideally with exposure to the energy industry or large-scale infrastructure projects.
• Education: Bachelors degree in Accounting or Finance; CPA license (or active candidacy) strongly preferred.
• Technical Expertise:
  • Partnership taxation (Form 1065) and K-1 preparation.
  • Cost segregation studies and ITC compliance for renewable energy projects.
  • Fixed asset accounting, MACRS depreciation, and repair regulations, preferred but not required.
  • Transactional tax advisory for purchase/sale agreements and revenue contracts.
• Attributes: Highly analytical, detail-oriented, and proactive. Strong communication skills to explain complex tax concepts to non-tax stakeholders.

In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus and equity programs. Jupiter Power offers a variety of other benefits including paid time off, 401k with limited matching, health benefits (medical, dental, and vision), life insurance, disability insurance, and flexible spending accounts.

Jupiter Power does not discriminate based on a candidate's race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, disability, or any other protected class.