Budget Analyst, Regulatory

Luma PR•Santurce, PR

16d

About The Position

This position is within the Regulatory Team. The Regulatory Team works to align LUMA’s business plan with the public energy policy goals of Puerto Rico and plays a key role for the design, implementation and reporting on key policy initiatives. Regulatory works with all LUMA departments in support LUMA’s compliance and reporting obligations under the Operations and Management Agreement, the energy regulator and other governmental bodies. The team works with multiple external stakeholders and is responsible for the delivery of professional written documents, and verbal reason to support compliance and reporting. The Tariff and Budgets group within Regulatory is responsible for conducting analysis, studies and projections related to customer rates and annual budgets as well as interacting with LUMA departments to provide updated discussions of LUMA’s activities. This role will support the Regulatory Department and is accountable for developing, monitoring the department’s budget including investigating variances, prepare expense reports for approval, managing contracts and ensuring the projects are billed accurately. Directly responsible for management of the budget forecasting process and the tracking of actual costs versus budget. Will prepare memos and presentations summarizing the Department’s activities and actual costs for internal and external reporting. Supports the group heads to ensure reporting obligations are met and to support reporting analyses as requested.

Requirements

+5 years of experience in budget, planning or accounting.
Bachelor’s degree in Business, Economics or related field.

Responsibilities

Responsible for the developing organizational budget with managers.
Review budgets for completeness, accuracy and compliance with company standards.
Consolidating the organizational budget for review.
Monitoring spending and keeping the managers informed on budget to actuals.
Work closely with the Finance team to ensure projects and cost centers are billed accurately.
Prepare reports and presentations for future spending needs, analyzing historical spending trends, variance analyses.
Defending budget recommendations with data and evidence-based analysis.
Review invoices received from third parties, ensure compliance with contract and prepare internal approval documents.
Support contract negotiations including internal business cases and internal approval documentation including contractual changes and extensions.
Ensure that key issues/decisions are escalated to manager and others in a timely manner.
Participate in training and staff development, ensuring other functional teams have an overall knowledge and understanding of budgeting process.
Show ability to work independently and collaboratively with diverse teams and work groups across the organization.
Ensure that all analysis and supporting documents are organized and accurately prepared and reviewed in a timely manner.
Ability to develop and use a variety of analytical approaches to synthesize information, identify patterns, solve issues and make recommendations.
Strong communication skills (both verbal and written) and a demonstrated ability to work effectively across all levels of the organization and with external stakeholders.
Demonstrates skill in planning work activities and managing projects as required to ensure quality deliverables.
Desire to seek out experiences and opportunities to develop and try new skills and knowledge.
Competent and knowledgeable with programs and applications such as Word, Excel, PowerPoint, Outlook & SharePoint.
Follow all policies and procedures.
Other duties as assigned.