Share this Job

Senior Financial Analyst - Capital Recovery

San Francisco, CA, US, 94105

Requisition ID # 24447 

Job Category : Accounting / Finance 

Job Level : Individual Contributor

Business Unit: Finance and Risk

Job Location : San Francisco

Company

 

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 information or any other factor that is not related to the job.

 

Department Overview

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 $80 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 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:

  • 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; and visiting plant sites to document and present data on plant assets and processes.

    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 businesses.

 

Job Responsibilities

 

Regulatory Strategy and Analysis

  • Researches, interprets, and analyzes regulatory decisions, regulatory accounting, cost recovery proposals, revenue requirement impacts, and other analysis in support of regulatory proceedings.
  • 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 the General Rate Case (GRC), Gas Transmission and Storage (GT&S), Transmission Owner (TO) rate cases, and other capital-related rate case filings.
  • Prepares analysis 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 researching and analyzing 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

  • Prepare accurate and timely budget, forecasts and analysis for capital-related items, including plant, CWIP, depreciation, AFUDC, decommissioning, and rate base.
  • Execute financial forecasts in PowerPlant software. Perform research and reporting functions in PowerPlant software, Actuals and Forecast modules
  • 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.
  • Prepare monthly capital analysis package.
  • May 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:

  • Bachelors Degree in Accounting, Finance, Business, Economics, Engineering or related field or equivalent work experience
  • 4 years experience in Finance or Accounting

 

Desired:

  • Master's in Business Administration
  • 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
  • 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

Our Mission

To safely and reliably deliver affordable and clean energy to our customers and communities every single day, while building the energy network of tomorrow.

Our Vision

With a sustainable energy future as our North Star, we will meet the challenge of climage change while providing affordable energy for all customers.

Our Culture

We put safety first.
We are accountable. We act with integrity, transparency and humility.
We are here to serve our customers.
We embrace change, innovation and continuous improvement.
We value diversity and inclusion. We speak up, listen up and follow up.
We succeed through collaboration and partnership. We are one team.

Company
Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric companies in the United States. Based in San Francisco, our 24,000 employees deliver safe, reliable, affordable and clean energy to nearly 16 million people throughout our Northern and Central California service area, stretching from Eureka to Bakersfield and from the Pacific Ocean to the Sierra Nevada.

More About Our Company

EEO
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 information or any other factor that is not related to the job.


Nearest Major Market: San Francisco
Nearest Secondary Market: Oakland