Expert Capital Recovery Financial Analyst

Requisition ID # 157408 

Job Category: Accounting / Finance 

Job Level: Individual Contributor

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

PG&E’s 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 $110+ billion in plant assets.

This is your opportunity to join our team 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 contribute directly to determining the company’s revenues.

Position Summary

We are seeking a talented, highly motivated Expert Capital Recovery 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:

• Working with various departments and levels of management on forecasting and budgeting;
• Preparing, reviewing and researching regulatory decisions and filings
• Preparing and presenting variance analysis to management;
• Forecasting capital revenue requirements and analyzing data for regulatory filings; strategizing the best ways to balance recovery of costs and provide rate stability to customers

We support many organizations throughout the company and this unique opportunity provides you with exposure to key stakeholders in the company and learning about various lines of business.

This position is hybrid, working from your remote office and Oakland, CA approximately once per week or more, depending on business need. 

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs. Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.

A reasonable salary range is:

Bay Area Minimum: $114,000.00
Bay Area Maximum: $182,000.00

Responsibilities:

Regulatory Strategy and Analysis

• Leads complex forecasting and regulatory projects
• Works with management and extended leadership to provide analysis and recommendations for regulatory and accounting issues
• Uses or enhances existing financial models and/or develops new models in Excel and/or Access for analysis and/or reporting.
• Prepares 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 PG&E’s General Rate Case (GRC), Transmission Owner (TO) rate case, and other capital-related rate case filings.
• Researches, interprets, and analyzes regulatory decisions, regulatory accounting, cost recovery proposals, revenue requirement impacts, and other analysis in support of regulatory proceedings.
• May serve as a rate case witness and support testimony in regulatory proceedings.
• May write memos or testimony on cost recovery issues.

• Coaches and Mentors Senior Analysts
• Ability to communicate effectively to a broad range of audiences

Financial Planning, Forecasting, and Analysis

• Prepare accurate and timely budget, forecasts and analysis for capital-related items, including plant, CWIP, depreciation, AFUDC, decommissioning, and rate base.
• Establishes, builds, and maintains relationships with key business partners. Engages with business partners (i.e. business finance; lines of businesses; accounting; tax; enterprise financial forecasting; and planning, forecasting, and reporting) to ensure consistency and accuracy of accounting data, regulatory decisions, and assumptions of forecasts as part of regulatory filings and financial forecasts.
• Provide recommendations to manager and director with supporting analysis.
• Ability to lead/manage cross-functional projects and initiatives

Process and Systems Improvement

• Identifies opportunities for continuous improvement, promotes a “best practices” environment.
• Leads efforts to promote efficiency within existing processes in areas of responsibility
• Contributes to the department and company projects initiatives to improve processes and understands / translates financial impacts.
• Shares knowledge with team members through thorough documentation, presentations at team meetings, and training.

Qualifications

Minimum:

• 6+ years of experience in finance or accounting
• Bachelor’s degree in accounting, finance, or business, or equivalent work experience

Desired:

• Advanced Microsoft Excel
• Capital accounting and/or utility industry experience
• SAP, BPC, BW and/or Power Plant experience
• 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
• MBA or other advanced finance/business/accounting degree
• Professional license, such as CPA or CMA