Financial/Rate Analyst
This job is no longer available
There are still lots of open positions. Let's find the one that's right for you.
About The Position
The City of Pasadena Water and Power Department (PWP) is seeking a Financial/Rate Analyst to perform journey-level functions of a complex financial nature. This is a limited-term position with continued employment based on funding, specifically for a duration of two years, with the possibility of permanent status thereafter. The successful candidate will be responsible for assisting in budget preparation and monitoring, performing financial analysis, accounting tasks, month/year-end closing, and financial reporting for the department. The role requires the implementation of both short and long-term financial plans, as well as the examination, development, and preparation of financial and operational alternatives to existing and proposed utility conditions and projects. The Financial/Rate Analyst will prepare and present highly technical and financial studies and analyses to a broad spectrum of audiences, ensuring that complex financial information is communicated effectively. Proficiency in Microsoft Excel, Word, and PowerPoint is essential, as the candidate will need to create and manipulate financial models. Reliability and teamwork are crucial for success in this position, and experience in the utility industry is preferred. The position is located within the Finance and Administration Division of the Water and Power Department, with current funding secured until June 30, 2026. Essential functions of the role include assisting in the development of utility annual operating and capital budgets, maintaining and reconciling budgetary and accounting files, monitoring financial results, performing variance analysis, and preparing budget amendments. The analyst will also conduct various accounting tasks, including financial reporting and analysis, accounts reconciliation, and project job costing. Additionally, the role involves preparing monthly financial forecasts and cash reserves for Water and Power funds, analyzing utility retail sales, and determining sufficient rates and rate structures to support operational and capital needs. The analyst will assist in the preparation of annual reports in compliance with GAAP, GASB, FERC, and CPUC, and will conduct research to analyze fiscal impacts of industry changes and new accounting rule updates.
