Principal Financial Analyst

Requisition ID # 165072 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Company Financial Planning & Analysis (CFP&A) department develops and manages PG&E’s overall financial plan. The CFP&A team owns the multi-year financial plan, referred to as the Data Book, delivered to the board of directors twice a year, and covers everything that can impact PG&E’s financial plan (examples being the company’s stock price assumptions, earnings, rate base, total Functional Area spend, how much equity and debt required to finance the company, and what is being targeted for customer bills and credit metrics). The team plays a central role in supporting the Investor Relations team in preparing guidance for earnings, rate base, capital spend plan, and unrecoverable interest expense, etc., finalizing the press release and ensuring that data is available to support the story that flows directly into what PG&E communicates to investors.

Within CFP&A, the Rate Base, Capital Structure, Regulatory team is a newly formed team that is primary responsible for forecasting foundational components of the company's financial plan, such as Rate base, Return on Equity (ROE), Revenue Requirements (RRQ), CCT taxable income, and capital structure for FERC and CPUC.

We are enthusiastic about creating a team culture with rewarding work experiences. We collaborate, are intellectually curious and build trusted relationships in an exciting and fast-paced environment.

Position Summary

This Principal Analyst position in the Rate base, Capital Structure, Regulatory team will be tasked with owning and building out the company’s rate base forecast, which flows directly into our multi-year financial plan, referred to as the Data Book and earnings material disclosed to our investors. Improving the quality, accuracy and consistency of the company’s rate base forecast is essential for this role.  Rate base is fundamental to the company’s ability to return to being financially healthy, so it is critical for the successful candidate to have utility experience and attention to detail.

Additionally, this role will be tasked with understanding the total company’s capital expenditure plan on a multi-year basis for long-term planning that directly supports and impacts the rate base forecast. Other areas of focus include forecasting and tracking risks and opportunities for the return on equity (ROE), cost of capital components, and other rate base items such as plant, reserve, working capital and deferred taxes.

The successful candidate will serve in a critical, analytical, and strategic role within the team, developing, supporting, and owning financial and regulatory quantitative and qualitative analysis to be delivered to senior leaders, including the Chief Financial Officer and their broad group of direct reports, and the Board of Directors. The individual will balance and utilize their functional finance and regulatory finance expertise, intellectual curiosity, and research skills to build and maintain models and deliver analytics to ensure best-in-class business decision support and recommendations.

The role is hybrid working from your remote office and in-person at the Oakland General Office, 1-3 days a week, on average or based on business needs or company requirements.

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. Although we estimate the successful candidate hired into this role will be placed between the entry point and the middle of the range, the decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

A reasonable salary range is:​

Bay Area Minimum:    $136,000     

Bay Area Maximum:   $232,000

Job Responsibilities

• Own the development of the company’s rate base forecast, propose investor guidance, document assumptions, and ensure the capex plan is strong enough to drive PG&E’s desired growth trajectory.
• Develop and conduct rigorous quantitative and qualitative financial analysis to create financial planning reference cases that will be used as the basis for financial analytics across the Company. Analyze forecasts to provide concise explanations and insights targeted at senior decision-makers.
• Drive continuous improvement in financial reporting and forecasting models and tools. Assure the logic, assumptions, and calculations in the models are updated and capable of supporting the budget and forecast analysis.
• Build and maintain strong working relationships with peers and business partners across the CFP&A team, the broader Controller’s Organization, the Business Finance & Planning team, the Treasury Organization, and Regulatory Affairs.
• Responsible for timely and effective resolution of reporting issues. Anticipates issues and develops innovative solutions.
• Utilizes existing financial models and/or develops new models for analysis and reporting.
• Leads special projects and initiatives as assigned.
• Identifies methods to promote efficiency within existing processes, creates a best practices environment.
• Coaches and mentors less experienced employees.

Qualifications

Minimum:

• Bachelor’s degree in business, finance, accounting, engineering or related discipline or equivalent work experience

• 8 years of experience in financial forecasting, financial statement analysis, and/or financial analysis and modeling including advanced analytical experience

Desired:

• Master’s in business, finance, accounting, or engineering strongly preferred
• 10 years of relevant experience
• Experience interacting with senior management
• Experience in utility financial forecasting, capital investments and return on investments
• Exceptionally strong MS Excel financial modeling and data analytical skills
• Experience with using Utilities International’s utility-focused financial planning software
• Able to present highly complex data and findings in a simplified manner to senior management and key stakeholders
• Knowledge of the company and the electrical and gas utilities industry
• Experience researching regulatory filings (i.e., rate cases) and decisions
• Excellent prioritization skills to manage multiple demanding time constraints
• Excellent issue resolution skills
• Excellent written, verbal communication and interpersonal/team collaboration skills