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Job Description
***THIS RECRUITMENT MAY CLOSE WITHOUT FURTHER NOTICE DEPENDING ON THE NUMBER OF APPLICATIONS RECEIVED. APPLICANTS ARE ENCOURAGED TO APPLY AS SOON AS POSSIBLE***
Job Summary
The position works in the Centrally Assessed Section of the Division of Excise and Local Government Services within the Department of Taxation, Carson City. The Utility Valuation Analyst (UVA) performs complex appraisals of utility and transportation corporations in various industries for property tax purposes, using appraisal, accounting, and financial knowledge and skills; collects and analyzes industry and individual utility companies' financial data to develop value indicators of corporate value; prepares narrative summaries to substantiate value; develops and applies capitalization rate studies for each industry; interprets and explains statutes, codes, procedures, timeframes, methodologies, forms, reports, results, instructions, and penalties with regard to billing, collection and distribution of property taxes when requested by interested parties including taxpayers, legislators, Tax Commission, and local governments; and serves as expert witness regarding valuations and assessment. The UVA also assists in the appraisal of mines using advanced income approaches to value, including discounted cash flow models; and assists in the certification of net proceeds of minerals tax through desk review of financial reports.
Under general supervision, Utility Valuation Analysts appraise intercounty and interstate utilities and transportation companies for ad valorem tax purposes using appraisal, accounting and finance methods.
Essential Qualifications
Bachelor's degree from an accredited college or university in accounting, business administration, finance, economics, or closely related field and three years of professional experience in the appraisal or assessment of real property which included one year of experience in the valuation of intercounty and interstate utilities and transportation companies for ad valorem purposes; OR Bachelor's degree from an accredited college or university in accounting, business administration, finance, economics, or closely related field and three years of professional financial and accounting experience which included the development, evaluation or revision of programs, organizations, methods, or procedures; OR an equivalent combination of education and experience as described above.
Job Duties
Collect and analyze industry and individual utility companies’ financial data to develop value indicators to estimate corporate value; prepare narrative summaries to substantiate value; develop and apply capitalization rate studies for each industry.
Examine company reports and statements to accurately allocate assessments and distribute taxes to local governments; develop methods to forecast revenue and communicate projections to be used in the local government budgeting process.
Compile assessment and valuation data into reports and bulletins to be reviewed by the Tax Commission and disseminate to corporate and government officials.
Interpret statutes, codes, policies, procedures, and results regarding valuation and assessments when requested by interested parties and as necessary to develop and apply valuation methodologies.
Inspect and examine company records to determine compliance with instructions, timeframes and accuracy.
Interpret and explain statutes, codes, procedures, timeframes, methodologies, forms, reports, results, instructions, and penalties with regard to billing, collection and distribution of property taxes when requested by interested parties, including taxpayers, legislators, Tax Commission, and local governments; and serve as expert witness regarding valuations and assessment.
Perform related duties as assigned.
Knowledge, Skills, and Abilities
Working knowledge of: accounting principles and financial accounting standards; legal terminology, documents and descriptions; preparation of accounting reports, balance sheets and income statements; corporate and shareholders’ reports and Security and Exchange Commission forms; federal reporting requirements for various commissions; other federal and State agencies’ reports, requirements and regulations such as the Public Utilities Commission of Nevada (PUCN) and the United States Environmental Protection Agency (EPA); stock and bond data sources such as Standard & Poor and Value Line; local assessors’ appraisal and taxing requirements, methods and reports; utility companies’ operations.
Ability to: organize, present and defend valuations before the public, Board of Equalization, company representatives, and Tax Commission; appraise property; read and understand financial reports; develop cost of capital studies.
Skill in: computer applications used in appraisal and financial analysis as well as billing, collection and distribution of taxes.
Recruiter Contact Information: Susan Ashely - q.ashley@admin.nv.gov
The State of Nevada is an equal opportunity employer dedicated to building diverse, inclusive, and innovative work environments with employees who reflect our communities and enthusiastically serve them. All applicants are considered without regard to race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.
Please send direct Inquiries or correspondence to the recruiter listed on this announcement.
Benefits include:- Health Insurance: Medical, dental, life, and disability insurance programs for employees and their dependents/family are offered through the Public Employees’ Benefits Program (PEBP) .
- Vacation: Accrual of three weeks of annual leave each year.
- Sick Leave: Accrual of three weeks of sick leave each year.
- Holidays: 12 paid holidays per year.
- Retirement: Participation in the Nevada Public Employees Retirement System (PERS) . Employees do not contribute to Social Security but will contribute to PERS if their position is at 50% or more full-time equivalency. For more information on how PERS service may impact Social Security benefits, visit the SSA publication .
- Deferred Compensation: The State offers a voluntary Deferred Compensation Program .
- No Nevada state income tax.
- Public Service Loan Forgiveness: Eligible due to public sector employment.
- Longevity Payments Eligibility: Employees who have received a performance rating of “standard” or better and have completed eight (8) or more years of continuous service are eligible for longevity pay.
Additional benefits may apply to employees covered under a Collective Bargaining Agreement (CBA), depending on their designated bargaining unit. For more information, visit the Labor Relations Unit (LRU) .
For more details about your rights and responsibilities as a State of Nevada employee, please review the State of Nevada Employee Handbook (PDF) .
*** State Holidays The holiday schedule for State employees is established by the Legislature.
The following are legal holidays:
January 1.............................................. New Year's Day
Third Monday in January.................. Martin Luther King, Jr.'s Birthday
Third Monday in February................ Washington’s Birthday
Last Monday in May........................... Memorial Day
June 19................................................ Juneteenth Day
July 4.................................................... Independence Day
First Monday in September.............. Labor Day
Last Friday in October....................... Nevada Day
November 11........................................ Veterans' Day
Fourth Thursday in November........ Thanksgiving Day
Friday following the Fourth Thursday in November...................... Family Day
December 25........................................ Christmas Day
When January 1, June 19, July 4, November 11, or December 25 falls on a Saturday, the preceding Friday is the observed legal holiday. If these days fall on Sunday, the following Monday is the observed holiday. Eligibility for holiday pay is covered by the provisions of NAC 284.255
Closing Date/Time: Continuous - Health Insurance: Medical, dental, life, and disability insurance programs for employees and their dependents/family are offered through the Public Employees’ Benefits Program (PEBP) .
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ABOUT THE COMPANY
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STATE OF NEVADA
Show moreThe presence of Nevada's earliest inhabitants, beginning about 12,400 years ago, is marked by many petroglyphs and archaeological sites. Baskets, decoys, and ingenious traps are evidence of the resourcefulness of these early people in a harsh and arid environment.
European explorers traveled through Nevada in the early 19th century, but it was not until 1851 that the first settlements were established. An Act of Congress created the Territory of Nevada on March 2, 1861. James W. Nye of New York was appointed Nevada's first Territorial Governor by President Abraham Lincoln later that year. On October 31, 1864, President Lincoln proclaimed Nevada's admission to the Union as the 36th state. The State's first elected Governor, Henry Blasdel, took office on December 5, 1864.
Today, Nevada is the nation's seventh largest state in land area. Several hundred mountain ranges cross its landscape, many with elevations over 10,000 feet. In contrast, the State's lowest point (along the Colorado River) is only 470 feet above sea level. From majestic mountains to desert valleys, nature has endowed Nevada with diverse and unique ecosystems.
The Nevada Legislature has honored the State's natural resources and cultural heritage with a variety of State designations described below.
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