Associate Financial Analyst

Eversource Energy; Westwood (MA); On-site; USD 72,000 - 80,000; Full time

Job summary

Eversource Energy in Massachusetts is seeking an Associate Financial Analyst to assist in developing financial models and reporting against the corporate operating plan. You will help produce statements and KPIs for the company and its subsidiaries, supporting monthly updates to plan assumptions and reforecasts.

The role interacts with senior management and the Board of Trustees on key results and trends, with a focus on accuracy, timeliness, and clear communication of financial performance.

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• 0–3 years in finance or accounting.
• Strong written and verbal communication and analytical skills.

Responsibilities

• Supports the production of the Monthly Financial Report and Monthly Projection Report.
• Supports the annual budget process and major budget management tasks.
• Assists in the review and validation of financial model runs.
• Communicates results and issues with financial information to management.
• Coordinates and develops budgets and projections with input from cross-functional areas.
• Assists in preparing budgets and projections including ROE for executive presentation.
• Provides information to management to understand financial performance.
• Ensures monthly reporting on budget vs. actual and year-over-year comparisons.
• Coordinates with all ES departments on financial reporting requirements.
• Collaborates with others to deliver financial analysis and problem-solving data.

Skills

Financial reporting

MS Office

Problem solving

Written & verbal communication

Education

Bachelor's Degree in Accounting or Finance

Tools

MS Excel

Forecasting software

Job description

Emerging financial acumen

Eversource will not offer immigration-related sponsorship for this position (e.g., H-1B, O-1, J-1, TN, E-3, etc.). Applicants requiring visa sponsorship to start employment with Eversource will not be considered.

Role and Scope of Position

The Associate Financial Analyst will assist in the development, financial modeling, internal management and reporting of financial results against the Eversource corporate operating plan. The corporate operating plan is developed to support our mission of delivering reliable energy and superior customer service, as well as our corporate goals. The scope of the corporate operating plan includes the development of key financial statements (income statements, balance sheets and cash flows) and key performance metrics for not only all of the Eversource operating companies but also the consolidated company. Internal management includes monthly updates to original plan assumptions and the development of a reforecast based on ever changing economic and business conditions. Internal management and reporting also involves the contribution to a comprehensive monthly reporting package to Senior Management, as well as communication of key financial results to the Board of Trustees and updates to other stakeholders in the company.

Essential Functions

• Supports the production of the Monthly Financial Report and Monthly Projection Report for the businesses.
• Supports the annual budget process to assist in the completion of each major budget management task.
• Assists in the review and validation of financial model runs produced for the businesses.
• Communicates results of and any issues with financial information to management.
• Coordinates and develops financial budgets and projections with input from departments and disciplines from across the company including financial forecasting, regulatory, corporate and field functional areas and accounting.
• Assists in the preparation of financial budgets and projections, including net income and return on equity, for presentation to executive management.
• Provides information to management to assist in the understanding of financial performance.
• Ensures communication through reports to departmental management on a monthly basis of any specific financial performance information such as budget versus actual and current versus prior year actual comparisons for making management decisions or evaluation of trends.
• Coordinates with all ES departmental areas on financial and business reporting requirements.
• Works effectively with others; providing financial analysis and problem-solving data

Technical Knowledge / Skill / Education / Licenses / Certifications

Technical Knowledge/Skill:

• Knowledge of financial reporting and analyses and financial statements
• Emerging financial acumen
• Ability to work with various levels within the organization
• Problem solving skills and ability to analyze data
• Written and verbal communication skills
• Strong Customer service orientation
• Demonstrated skills with MS Office

Education:

• Bachelor's Degree in Accounting or Finance or equivalent work experience

Experience:

• Zero to three years experience

Working Conditions

• Must be available to work emergency storm assignment as required.
• Must be available to travel between MA/CT/NH as necessary.

Competencies

• Build trusting relationships
• Manage and develop people
• Foster teamwork and cross-functional collaboration
• Lead change
• Communicate strategic vision
• Create an engaged workforce
• Focus on the customer
• Take ownership & accountability

Compensation and Benefits

Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is:

$71,650.00-$79,610.00

Worker Type

Regular

Number of Openings

1

Emergency Response

Responding to emergency situations to meet customers’ needs is part of every employee’s role. If employed, you will be given an Emergency Restoration assignment. This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location.

EEO Statement

Eversource Energy is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.

VEVRRA Federal Contractor