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PSEG Budget Specialist, Fuel Variance in Hicksville, New York

Requisition : 78270

PSEG Company: PSEG Long Island

Salary Range : $ 62,700 - $ 100,100

Incentive : PIP 10%

Work Location Category : Hybrid

PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.

PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.

Job Summary

The Fuel Variance Analyst ensures that the Company consistently, appropriately, and accurately develops and maintains annual resource related operating budget, Fuel and Purchase Power (F&PP), and 8-year and 20-year projections, implements supporting plans, and monitors ongoing performance.

This position prepares and monitors that portion of LIPA’s operating budget associated with all power supply related costs, which, in aggregate, represent over 50% of LIPA’s annual revenue. The person in this position supports preparation of power supply related testimony in various proceedings including rate cases.

Job Responsibilities

  • The Fuel Variance Specialist coordinates collects and evaluates the data from forecasts and back casts of the fuel and purchase power costs prepares variance and forecasts reports and researches any significant variance from the approved budget for the current month and year to date results.Prepares summary level variance report for reporting to LIPA

  • Responsible for developing and accurately calculating the monthly Power Supply Charge PSC that underpins the collection of approximately 2 billion in annual revenue as well as the 6 and 12 month rolling average PSC values used in the balanced billing program Accurate calculation is critical in order to ensure the timely recovery of costs while minimizing month to month fluctuations in customer bills due to changes in the monthly PSC which is a direct driver of customer satisfaction metrics In addition prepares month end accruals for various FPP costs and any reclass entries that may be required

  • Ensures that all FPP invoices accruals and deferrals are correctly recorded in PSEG Long Islands general ledger Works with various group Power Portfolios Accounting etc to ensure all vendor invoices as well as accounting entries that impact FPP are properly coded.

  • Prepares monthly update of forecasted expenditures for the department as well as an explanation of expense variances for reporting to the Budgeting and Planning Group

  • Ensures that all departmental costs are charged to the correct order number.

  • Reviews the month end accruals for accuracy and assists in preparing any reclass journal entries Assists in researching any invoice payment issues

Job Specific Qualifications


  • Bachelor’s degree in Engineering, Finance, Accounting, Economics or Business Administration or related fields.

  • Minimum of 3 years’ experience in one of the following areas: financial analysis, quantitative analysis or budget management

  • Minimum three years’ experience within the utility industry in a role participating in the electric power markets, or a similarly situated government policy or regulatory body

  • Experience in the development and use of complex spreadsheets

  • Capacity to meet demanding deadlines and manage multiple projects

  • Ability to translate data into meaningful information to manage the business

  • Collaborative with colleagues at all levels towards mutual objectives

  • Ability to work as an individual contributor and as a team member in a fast-paced, multidisciplinary environment.

  • Demonstrated business acumen, experience bringing insightful commentary to numbers, recognition of trends.

  • Excellent analytical skills, conceptual thinking - breaking complex issues into components, capturing all relevant information, utilizing specialists for support, draw conclusions

  • Professional communication skills - ability to develop and share focused information to be used in good business decision making

  • This position requires driving to company locations and off-site assignments and events, applicants must possess a valid US driver’s license with a safe and satisfactory driver history

Immigration Support will not be provided in association with this position now or in the future.


  • Master’s Degree

  • Experience with accounting systems, such as SAP, experience with business intelligence tools and

  • Document Management Systems (SharePoint)

  • Strong organizational and work planning skills

Minimum Years of Experience

3 years of experience


Bachelor in Engineering or Finance

Bachelors in Business Administration or Accounting


None Noted


Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.

PSEG employees must apply for jobs internally through emPower which can be accessed through ( by clicking on the emPower icon, then selecting careers. This site (PSEG Careers and Job Openings ( ) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.

PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email

If you need to request a reasonable accommodation to perform the essential functions of the job, email . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.


Know your Rights: Workplace Discrimination is Illegal (

Pay Transparency Nondiscrimination Provision

Diversity at PSEG: Equal Opportunity Employer

PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.