Expert Financial Analyst - Capital Recovery and Analysis

PG&E•Oakland, CA

4d•Hybrid

About The Position

Join PG&E’s Capital Recovery and Analysis Team! Are you ready to be part of a dynamic team at the forefront of a rapidly evolving industry? PG&E’s Capital Recovery and Analysis team in the Controller’s department is pivotal in shaping the financial future of the company. We manage the financial analysis and support for PG&E’s capital forecasts and budgets, and our work directly influences the company’s regulatory rate cases. With over $110 billion in plant assets, our department is responsible for forecasting capital-related items that are crucial to the company’s success. This is your chance to dive into an industry undergoing significant transformation. As part of our team, you’ll play a key role in developing and implementing processes and tools for budget and financial forecasts. You’ll analyze business results, advise partners on operational impacts, and contribute to regulatory strategy and processes. Your work will directly impact the company’s revenues and rate stability for customers. We are on the lookout for a talented, highly motivated Expert to join our high-profile department. This is an excellent opportunity to showcase your analytical prowess and make a meaningful contribution.

Requirements

Bachelor’s degree in accounting, finance, or business, or relevant field or equivalent work experience
6 years of experience in finance or accounting or related field
Microsoft Excel proficiency
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

Nice To Haves

Advanced Microsoft Excel
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

Responsibilities

Collaborate Across Departments: Work with various departments and management levels on forecasting and budgeting.
Regulatory Insight: Prepare, review, and research regulatory decisions and filings.
Present and Analyze: Prepare and present variance analysis to management.
Strategize for Success: Forecast capital revenue requirements and analyze data for regulatory filings, strategizing to balance cost recovery and rate stability for customers.
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 Analyst.
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.