Lead Financial Analyst- RRE Florida Finance, FP&A Department

Duke Energy Corporation

About The Position

The Lead Financial Analyst position will report to the Manager RRE Florida (FL) Finance, supporting the Regulated & Renewable Energy (RRE) Florida organization. Position will be responsible for the day-to-day overall cost management, accounting and financial analysis, business planning and all key operational finance functions to support the Regulated & Renewable Energy (RRE) Florida Operations organization from a jurisdictional and functional basis. The annual total business unit expenditure for this position is approximately $500 million in operations and maintenance (O&M) and capital, supporting a diverse portfolio of generating stations with an aggregate capacity of roughly 13,000 MW within the Duke Energy Florida jurisdiction. The generating stations cover a broad range of technologies, including natural gas combined cycle and combustion turbine sites, coal generation, solar and battery and cogeneration. The incumbent must understand the financial implications of the differences between these technologies. In addition, this position will have financial oversight for complex expenditures that are part of the Florida Environmental Cost Recovery Clause (ECRC), a bi-annual reporting/filing that requires justification of prudent spend and the Long Term Service Agreements (LTSA) entered into for multiple Combined Cycle generation stations to ensure the most economic cost associated with periodic outages. The Lead will be responsible for coordinating the cost management reporting, accounting and financial analysis, business planning, all key operational finance functions as well as providing financial support to various fleet stations as needed. The Lead will provide support to the RRE Florida organization’s senior leadership as needed. Position will frequently interface with Regional RRE Finance Directors/Managers, RRE Regional Finance Leads and other RRE Finance Staff members, different departments within the company, such as Asset Accounting, Compliance, Corporate Controllers & Accounting, Rates & Regulatory, internal/external auditors and all corporate finance departments for issues/resolution on financial/cost management items. This position requires a blended knowledge of operational, technical, and functional financial reporting and analysis skills. Position must have strong ability to lead and direct financial activities, evaluate change management efforts, and drive business process improvement efforts. The Lead Financial Analyst is required to perform all their duties, duties of a senior and have the ability to back up Managers/Directors when needed. Position will effectively provide leadership (advising and providing direction) to others in financial areas of specialization and may coordinate daily work activities or review the work of other teammates. Position works independently, with guidance in only the most complex situations. Effective leadership, communication and collaboration skills are essential for this position as this position is responsible for functions and activities that impact a variety of different departments within the company. Maintaining a positive outlook is critical.

Requirements

Bachelor’s degree in (Accounting/Finance/Economics) OR a bachelor’s degree in a similar discipline with prior (accounting/finance/economics) work experience
Eight (8) years or more of increasingly diverse or complex experience in related field in addition to degree
Must have 5+ years (8+ desired) of increasingly diverse or complex experience in related field in addition to degree.
Requires CFO Staff approval.
Years of prior equivalent work related experience in lieu of a degree is N/A unless grandfathered in and requires CFO Staff approval.

Nice To Haves

In addition to desired degree, 8 years related work experience
CPA, CIS, CFA or CMA Certifications (or working toward certification)
Master’s in Accounting, Finance or Business Administration
General understanding of GAAP accounting principles and internal controls.
Experience in effectively interfacing with executive leadership
Excellent oral and written communication skills including negotiating
Excellent organization skills including ability to manage time, workload and competing priorities
Broad knowledge of utility environment- specific expertise in Generation business acumen and providing financial support to Regulated & Renewable Energy (RRE) function as well as understanding of processes.
Lead a team and or project/processes.
Ability to effectively perform at the lead level by serving as a subject matter expert, developing and implementing process improvements, recommending best practices based on expertise & knowledge, training and guiding peers, leading and coordinating projects (i.e. budget process, monthly close etc.)
Self- motivated; able to work independently with proactive recommendations and limited supervision and able to work in a team environment
Ability to analyze and understand financial information, recognize significant variances, trends, and irregularities and summarize clearly and concisely to management.
Ability to work in a team environment & foster good relationship with teammates & business partners at all levels of the organization
Ability to meet stated deadlines and respond quickly to changing needs through a teamwork approach.
Possesses and applies comprehensive and strategic knowledge of accounting and finance principles, practices, and procedures to complete complex assignments
Experience with financial applications (i.e., PeopleSoft, WebI, Power Plant, Analysis Services etc.)
Proficient use Microsoft products such as Excel (i.e. Pivot tables), Word, & Power Point.
Strong IT skills and the ability to develop an understanding of applications such as: Business Objects (WebI) Reporting Tool SAS Business Rules Analysis Services/Financial Cube Reporting PeopleSoft and allocation steps Code Block Maintenance / Tree Structures Power Plan / LRP Maximo Microsoft Power Business Intelligence (Power BI), PowerPivot and Power Query

Responsibilities

Cost Management Reporting & Financial Analysis: Coordinate and prepare consolidated cost management reporting, variance analysis, year-end projections for Corporate Regulated O&M and Capital Results (ROCR), Executive financial summaries and other financial presentations as needed. Coordinate the month-end close activities. Prepare and or review and post journal entries (accruals and corrections). Provide financial, accounting, and business management analytical support to various levels of management and business partners Analyze data, identify and correct errors to ensure accuracy and integrity of financial information. Oversee, monitor and modify as appropriate all allocation steps Coordinate, prepare and or assist in research and providing answers for all various requests: internal/ external audits, rate case and regulatory filings/audits, etc. Serve as a resource for technical expertise, guidance, and assistance for questions and problems related to financial business management to all business partners, peers and teammates.
Business planning & oversight: Coordinate the overall budget and business planning process (the annual budget development and long-range planning process). Including communication of budget guidance, assumptions, timeline, 5-year plans. Coordinating review and preparation of annual budgets utilizing Hyperion Planning and Power Plan LRP. Validate budgets uploaded to correct target amounts. Develop and support department budget, strategic plan and related business planning presentation materials. Work closely with and at the direction of appropriate management during the business planning process for input and dialogue on business plan and budget content. Ensure accounting cost treatments and cash flows for the budgets loaded are accurate.
Governance and Oversight Ensure adherence to GAAP and internal company financial policies and procedures (i.e. Capital Charging guidelines, etc.) Effectively collaborate with Asset Accounting teams and CARG (Corporate Accounting Research Group) as needed to support appropriate cost treatment evaluations and project issue resolutions. Ensure adherence to internal and external governance policies and procedures for supported business partners. Facilitation/participation of Financial Oversight meetings (FOM) and any other meetings as needed. Ensure timely communication and effective collaboration with business partners for inquiries/governance issues and to effectively resolve any issues in a timely manner. Maintain good working knowledge of accounting policies and impacts as required.
Regulatory & Environmental Compliance Provide support as needed for key regulatory requirements, including fuel flexibility, environmental, regulatory hydro, and other items as required for the business operations Provide and or coordinate regulatory filings as needed for the business operations. Provide and or coordinate requests from external/internal audits requests and data requests associated with any regulatory filings, rate case and or insurance claims to ensure they are provided accurately and in a timely manner.
Leadership and/or management support: Achieving Financial Results: Achieve financial performance targets by providing financial, accounting, and business management analytical insight to executives and senior leaders. Includes budgeting, reporting and projection activities. Proactively help identify cost reduction opportunities through independent analysis. Assist in defining and executing initiatives to drive a culture of accountability for financial management. Strategic Consulting: Demonstrate leadership as a consultant or subject matter expert for technical/functional/strategic issues; provide guidance and assistance for questions and problems related to financial business management. Build financial acumen across customer group supported. Ensure effective change management such that business and financial issues impacting our business partners are resolved in a timely manner. Provide effective leadership and resource management for our business partners and critical stakeholders including senior management, executive leaders, peers, and other members of the FP&A team. Effectively provide guidance to team on complex accounting issues and complex problems and interpret internal or external business issues and recommend solutions. Actively seek to identify and meet customer needs with a sense of urgency, taking ownership of customer issues and problems until resolved. Effectively communicates and integrates segment knowledge, enterprise drivers, and regulatory influences. Peer Leadership: Direct work plan and effective project completion among other employees on the team through effective leadership and influencing skills. Ensure peers/teammates have appropriate training to perform tasks, as well as, lead business and teammates to drive results. Effectively integrate new teammates within the Finance organization. Participate in the success of our organization by active engagement in process improvement events, STIP, FP&A and Regulated Generation team initiatives and community involvement. Participate in peer teams when identified to ensure consistency in processes and reporting, and sharing of best practices throughout the organization Build relationships & promote two-way communication with Finance peers & business partners. Lead, identify, develop and implement continuous process improvement opportunities including improvements related to current and future reporting requirements (supporting digital transformation) and understand how those requirements impact source databases and reports. Overtime may be required during monthly/quarterly/annual closing and business planning processes as well as rollout of new and/or changes processes. Lead, coordinate and or assist with special projects and initiatives & and ad hoc requests as required.

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