Pacific Gas & Electric Company Capital Recovery Financial Analyst, Sr. in San Francisco, California
Requisition ID # 14029
Job Category : Accounting / Finance
Job Level : Individual Contributor
Business Unit: Finance and Risk
Job Location : San Francisco
Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.
Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic informationor any other factor that is not related to the job.
PG&E’s dynamic Capital Recovery and Analysis team in the Controller’s department is a key provider of financial analysis and support for the company’s capital forecasts and budgets as well as filings and analysis that supports the company’s regulatory rate cases. The department is responsible for forecasting capital-related items for the company’s $78 billion in plant assets.
This is your opportunity to join our team and make a contribution in an industry that is rapidly changing. You will have the opportunity to participate in developing and implementing processes and tools related to budget and financial forecasts, analyzing business results and advising partners on business/operating impacts. The team also provides testimony and supporting analysis for rate case filings and recommendations on regulatory strategy and processes, all of which drive how the company makes money.
We are seeking a talented, highly motivated Senior Financial Analyst to join our team. This is an excellent opportunity to showcase your analytical skills and work in a high profile department where you can make a contribution and be recognized. Your daily responsibilities may include:
forecasting capital revenue requirements and analyzing data for regulatory filings;
advising various departments and levels of management on forecasting and budgeting;
strategizing on the best ways to balance recovery of costs and provide rate stability to customers
preparing, reviewing and researching regulatory decisions and filings;
preparing and presenting variance analyses to management
We support many organizations throughout the company and this unique opportunity provides you with exposure to key stakeholders in the company and an opportunity to learn about various lines of business.
Regulatory Strategy and Analysis
Research, interpret, and analyze regulatory decisions, regulatory accounting, cost recovery proposals, revenue requirement impacts, and other analysis in support of regulatory proceedings.
Use or enhance existing financial models and/or develops new models in Excel and/or Access for analysis and/or reporting.
Prepare forecasts, data requests, and workpapers for plant, depreciation and ratebase as part of filings to the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC) for the General Rate Case (GRC), Gas Transmission and Storage (GT&S), Transmission Owner (TO) rate cases, and other capital-related rate case filings.
Prepare analyses for rate case witnesses for plant, depreciation, and rate base to support testimony in regulatory proceedings.
May write memos or testimony on cost recovery issues.
Comfortable research and analyze issues when information is ambiguous or incomplete.
Enhance controls over financial models
Identify capital accounting issues and communicate issues effectively across teams Financial Planning, Forecasting, and Analysis
Establish, build, and maintain relationships with key business partners. Engage with business partners (i.e. business finance; lines of businesses; accounting; tax; forecasting, and reporting) to ensure consistency and accuracy of accounting data, regulatory decisions, and assumptions.
Provide recommendations to manager and director with supporting analyses.
Prepare monthly capital analysis package.
Execute financial budget in PowerPlant software.
Prepare accurate and timely budget, forecasts and analyses for capital-related items, including plant, CWIP, depreciation, AFUDC, decommissioning, and rate base.
May lead/manage cross-functional projects and initiatives.
Process and Systems Improvement
Identify opportunities for continuous improvement, promotes a “best practices” environment.
Contribute to the department and company projects initiatives.
Share knowledge with team members through thorough documentation, presentations at team meetings, and training.
4+ years of experience in finance or accounting
Bachelor’s degree in accounting, finance, business or equivalent working experience
Microsoft Excel proficiency
Can use logic to solve problems, does not stop at first answers
Strong analytical skills with an attention to detail and passion for excellence
Strong written and communication skills
Advanced Microsoft Excel
Microsoft Access proficiency
Capital accounting and/or utility industry experience
SAP, BPC, BW and/or Power Plant experience
MBA or other advanced finance/business/accounting degree
Professional license, such as CPA or CMA