Utilities Principal Analyst

City of Riverside•Riverside, CA

About The Position

The City of Riverside, Public Utilities Department (RPU) is accepting applications for the position of UTILITIES PRINCIPAL ANALYST to fill one (1) vacancy in the Administrative Division. The eligibility list established may be used to fill the current and/or upcoming vacancies within this classification for up to six (6) months. For positions indicating a salary range from 1N – 2X, the top 15% of the pay range cannot be offered upon hire or upon an employee promotion. Under general direction, the Utilities Principal Analyst is to perform supervisory and/or lead supervisory professional, technical, analytical and related duties in the areas of accounting, budget administration, financial and economic forecasting for the Public Utilities Department and to do related work as required.

Requirements

Equivalent to a Bachelor's Degree from an accredited college or university with major work in accounting or business administration.
Six years of responsible experience in governmental or commercial accounting and/or auditing, preferably with utilities.
One year of supervisory experience is desirable.

Nice To Haves

A Certificated Public Accountant licensure is highly desirable.
Experienced in leading cash flow analyses, financial reporting, and planning models to support both short- and long-term financial planning.
Skilled in developing, administering, and monitoring financial models that incorporate utility operations, facility cash flows, and budget assumptions.
Strong accounting background including journal entries, trial balance work, reconciliations, and support for year-end audit processes.
Experienced in managing property and facility financials, including budgets, cash flows, lease administration, payment tracking, and revenue forecasting.
More than three years of experience supervising and developing staff, improving workflow efficiency and strengthening team capability.
Advanced Excel capability (Pivot tables, v-lookups, other complex formulas).

Responsibilities

Oversee the work of assigned staff; train employees on work methods and procedures, financial planning, economic and budget analysis, cost of service and rate design activities and procedures.
Participate in the development of policies and procedures to improve the Public Utilities Department's financial and administrative operations, including developing section goals, objectives, policies and priorities.
Provide highly technical expertise in the areas of budget administration, financial planning, cost of service, rate design and economic analysis.
Provide oversight and training to Utilities Management in budget theory, methodology and techniques regarding budget planning.
Analyze departmental financial and administrative systems and procedures; develop and implement new accounting and/or financial systems.
Analyze a variety of monthly and quarterly financial reports and statements for the department, bond rating agencies, materials related to electric and water rates and fees, federal and state agencies, Board of Public Utilities and City Council.
Oversee departmental accounting-related activities within the Department and with other City Departments, including the annual audit and the development of applicable reporting and monitoring systems.
Analyze proposed water and electric projects, perform cost-benefit analysis, recommend course of action, and provide justification including fiscal reliability/risks of such projects.
Oversee cash flow analyses, financial reports, planning models, and other analysis to assist in short and long-term financial planning for the electric and water utilities; develop, administer and monitor financial models; develop forecasts of revenues, expenses and fund balances for the Department.
Monitor the five-year financial forecast for the water and electric utilities, modify complex computer models as necessary to reflect changes in supply plans, rate designs, consumption levels, capital plans and policies, economic conditions or other applicable factors.
Ensure revenues, expenses and fund balances comport with budget and Department policy; develop changes in Department fiscal policy, as needed.
Respond to financial and rate surveys and requests for information from other utilities, governmental and outside agencies.
Make presentations to the Public Utilities Board and City Council when necessary.
Monitor recording of Utility revenues.
Prepare the revenue budgets for the electric and water utilities.
Testify as an expert witness before the Public Utilities Board and City Council regarding cost of service studies and on revenue requirements and rate design.
Prepare rate case testimony by analyzing financial and rate information; developing charts and graphs.
Serve as Utilities Finance/Rates Manager as required.