Principal Financial Planning Analyst

Salary

$112,278.40 - $158,080.00 Annually

Location

Tacoma, WA

Job Type

Non-Classified

Job Number

T0190-23A

Department

Power

Opening Date

05/26/2023

Closing Date

6/9/2023 5:00 PM Pacific

• Description

• Benefits

• Questions

Position Description

Tacoma Power is seeking a talented individual to join its Budget and Financial Planning team. The Principal Financial Planning Analyst is responsible for the ongoing operation, maintenance and enhancement of Tacoma Power’s Financial Forecasting Model, the development and maintenance of Tacoma Power's Long-Range Financial Plan, and the regular preparation and delivery of reports and presentations to Senior Management. In this role you will assist in managing Tacoma Power’s debt service portfolio, evaluating Tacoma Power’s financial and budget position, and staying current on economic trends and business news to help identify financial risks and opportunities for the utility.

Responsibilities Include:

• Subject matter expert in calculating, forecasting, and recommending Tacoma Power’s revenue requirement and optimal system average retail rates.

• Develop and run statistical forecasting and scenario analysis to determine the short and long-term financial impacts on financial ratios and system average rates of emerging power market changes, energy trading strategies, and emerging business opportunities.

• Acquire, evaluate, refine, and process data inputs from other Tacoma Power sections, including retail load and wholesale market forecasts.

• Develop and enhance additional tools and capabilities within the current financial model, collaborate with internal stakeholders on regular input updates, and ensure model accuracy.

• Contribute ideas, forecasts, scenarios, and provide supporting analytical evidence for financial decisions affecting the management of Tacoma Power’s debt service portfolio.

• Assist with Tacoma Power’s $500 million debt portfolio, including the recommendation and facilitation of optimum bond issuances and short-term financing facilities, to maximize financial flexibility and minimize interest expense.

• Assist in the preparation of the Official Statement and other documentation required to facilitate Bond and other financing transactions.

• Identify, evaluate, and outline financial risk mitigation strategies and opportunities that affect the power industry and utilities, and the financial performance of Tacoma Power.

• Produce visuals and prepare reports to communicate the financial analysis and outcomes regarding the impact of budget and financing decisions, the effect of changing retail forecasts and wholesale power markets, and other business considerations.

• Create presentations such as a Long-Range Financial Plan and Quarterly Financial Outlook to share with peers, policy makers, senior managers, and outside stakeholders.

Qualifications

• Bachelor's degree in engineering, computer science, economics, statistics, mathematics or directly related field such as finance

• 4 years of experience in statistical analysis, data modeling or data analytics including 1 year prior lead or supervisory experience.

  *Equivalency: 1 year of experience = 1 year of education

Selection Process & Supplemental Information

This recruitment is being managed by Kye Merritt. If you would like to be notified of similar opportunities or stay connected with things going on at Tacoma Public Utilities and the City of Tacoma, connect with them on LinkedIn.

City of Tacoma Commitment to Diversity and Inclusion

Tacoma's diversity is its greatest asset. Tacoma embraces its multi-cultural and multi-ethnic character. Communities of color and immigrant communities are fundamental to Tacoma's entrepreneurial spirit, workforce, and long-term success. In Tacoma, equity and empowerment are top priorities, meaning that all Tacoma residents must have equitable opportunities to reach their full potential and share in the benefits of community progress. One of our goals is for the City of Tacoma workforce to reflect the community it serves. We actively work to eliminate racial and other disparities and welcome candidates with diverse backgrounds and/or multicultural skill sets and experiences. Our goal is for Tacoma to be an inclusive and equitable place to live, work, and play.

The City of Tacoma is an Equal Opportunity Employer and values diversity in its workplace. Applicants are considered for positions without regard to race, color, religion, sex, national origin, ancestry, age, marital or veteran status, disability, sexual orientation, gender identity, or any other basis prohibited by federal, state, and local laws.

Tacoma Power

Tacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma. We serve approximately 170,000 customers as one of the three operating divisions of Tacoma Public Utilities, alongside Tacoma Water and Tacoma Rail. As one of the most livable, walkable cities in the country, you'll find that Tacoma is a great fit for all interests with places to bike, run, hike, and explore, the perks of a big city, and the charm of a small town.

Apply

Interested individuals should apply online and attach a detailed resume and cover letter that includes job experience, major responsibilities and accomplishments related to this position.

Reference checks will be conducted on final candidates and appointment is subject to passing a background check.

Communication from the City of Tacoma:

We primarily communicate via e-mail during the application process. E-mails from cityoftacoma.org and/or governmentjobs.com must be placed on your safe domain list to ensure that you receive notifications in a timely manner. As a precaution, you may also want to check your junk e-mail folders.

The online application system requires you to enter a substantial amount of information. In order for your application materials to be considered, all information must be submitted before the closing date and time listed on this job announcement.

If you have any additional questions regarding this position, please contact the Human Resources office at (253) 591-5400 before 5pm on the closing date

The City of Tacoma provides excellent medical, dental and vision plans for the whole family; paid holidays and paid leave; participation in the Tacoma Public Employees' Retirement System (alternate plan for Police/Fire); continuing education and advancement opportunities and a growing variety of City-sponsored health and wellness opportunities and incentives.

Medical Coverage: For eligible employees and their families, including domestic partners and dependent children age 26 or younger.

Dental Coverage: For eligible employees and their families, including domestic partners and dependent children age 26 or younger.

Vision Coverage: For eligible employees and their eligible dependents.

Paid Leave: City employees are entitled to received paid holidays, sick/vacation leave or personal time off (PTO), depending upon union affiliation and appointment type.

Insurance Plans: Employees are covered by a long-term disability plan. Short-term and expanded long-term disability insurance plans are also available to employees. The State Industrial Insurance Act also covers employees.

Deferred Compensation: Income can be set aside on a pretax basis and invested for supplementation of normal retirement income.

Retirement: All employees of the City, except members of the Police and Fire services, Tacoma Rail and certain project employees, are included in the Tacoma Employees' Retirement System. Information on the Tacoma Employees' Retirement System can be found at www.cityoftacoma.org or by calling (253) 502-8200.

Other Employment Information

Direct Deposit: Employees are paid on a bi-weekly schedule by direct deposit.

Salary Increases: Based on satisfactory job performance, the City provides for a regular progression of salary increases for most classifications according to the salary schedule.

Union Affiliation: Many job classifications are covered by union security provisions which require union membership, dues, or payment of equivalent service fees.

Note: The provisions of this job announcement do not constitute an expressed or implied contract. Any provision contained herein may be modified and/or revoked without notice.

01

Do you have a Bachelor's degree in Engineering, Computer Science, Economics, Statistics, Mathematics or directly related field such as Finance? Equivalency: 1 year of experience = 1 year of education

• Yes

• No

  02

  Do you have 4 years of experience in statistical analysis, data modeling or data analytics including 1 year prior lead or supervisory experience?

• Yes

• No

  03

  Please describe your utility finance background, including experience with bond structuring and issuance, financial modeling, and long-term financial planning.

  04

  One of the City's Principles that guides us is Equity. Describe what equity means to you and describe any experience you have working with diverse groups of people.

  05

  Please tell us how you learned about this job opening.

• Job Interest Card notification

• Internet search

• Professional organization

• Community organization

• Military organization

• Union job posting

• City of Tacoma employee

• Online job board posting

• Word of mouth

• Other

• Husky Jobs

• Indeed

• LinkedIn

• NWPPA

  06

  Please provide specific information regarding how you learned about this job opening. Thank you, your feedback will be used to evaluate our success reaching the public and refine our methods for future job postings.

  Required Question

Agency

City of Tacoma

Address

Human Resources Department 747 Market Street Tacoma, Washington, 98402-3764

Phone

253-591-5400

Website

http://www.cityoftacoma.org

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