Madison Gas & Electric Financial Analyst - Budgeting in Madison, Wisconsin
Financial Analyst - Budgeting
Job Category Accounting/Finance
# of openings 2
Apply Now (https://phf.tbe.taleo.net/phf01/ats/careers/v2/applyRequisition?org=MGE&cws=38&rid=1815)
We are seeking a skilled and detail-oriented Financial Analyst with a focus in budgeting to join our accounting and finance team at Madison Gas and Electric. As a Financial Analyst - Budgeting, you will be responsible for developing and managing the annual budget, analyzing financial data, and providing recommendations to support effective budget planning and decision-making. You will collaborate with cross-functional teams and play a key role in optimizing financial performance.
DUTIES AND RESPONSIBILITIES
Develop, monitor, and manage the annual budget for different departments within the company (Budgeting, Treasury, Regulatory, and Investor Relations).
Conduct comprehensive financial analysis to track budget performance, identify variances, and propose corrective actions as necessary.
Collaborate with department leads and personnel to gather relevant financial data, review expenditure requests, and provide recommendations to align with the budgetary goals.
Prepare accurate financial reports, including monthly, quarterly, and annual financial statements, highlighting the key findings and trends.
Assist in the preparation of financial forecasts, including revenue projections and expense budgets.
Conduct cost analysis to identify potential savings opportunities and cost-effective strategies.
Evaluate financial performance by comparing actual results with budgeted figures and provide insights to the management team.
Assist in the development and implementation of financial policies, procedures, and internal controls.
Stay updated with industry trends, best practices, and regulatory changes related to budgeting and financial management.
Performs analysis on key financial statement accounts.
Assists with system administration and maintenance tasks associated with Oracle EPM (Budgeting System) and data integration tasks with the financial model.
Education and Experience
Bachelor's degree in Accounting, Finance, or a related field. Any certifications are a plus.
2+ years’ experience as a Budgeting Analyst, Financial Analyst, or similar role in the utility industry is highly preferred.
Knowledge and Skills
Ability to work well as part of a team and possess the following knowledge, skills, and abilities:
Strong proficiency in accounting, financial analysis, budget development, and forecasting.
Advanced knowledge of financial modeling, budgeting software (Oracle EPM), and MS Excel (pivot tables, VLOOKUP, etc.).
Excellent analytical and problem-solving skills with a keen attention to detail.
Ability to communicate complex financial information effectively.
ABOUT THE ORGANIZATION
MGE is a community energy company dedicated to planning and providing reliable energy that balances the needs and values of those we serve. MGE has ranked in the top three utilities in the country for the fewest number of outages in each of the last 15 years. MGE is an investor-owned, government-regulated public utility that generates and distributes electric power to 161,000 customers and purchases and distributes natural gas to 173,000 customers in south-central and western Wisconsin. MGE's parent company is MGE Energy, Inc., a public utility holding company. Its common stock trades on the NASDAQ Stock Market. For more information, visit mge.com and mgeenergy.com.
The position is hybrid, and office days are in downtown Madison, Wisconsin, where MGE is an active participant in community efforts to preserve the area's extraordinary quality of life. Madison is the capital of Wisconsin and a major research and technology city. The area's strong quality-of-life factors include a vibrant economy; urban, suburban, and rural living options; nationally acclaimed public university and public secondary school systems; rich cultural, recreational, and outdoor offerings; and a favorable cost of living.
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