Auditor 1 and Trainee

New York Department of Public Service; City of Albany (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

New York Department of Public Service is seeking Utility Financial Analyst professionals to review utility financial statements, analyze forecasts, and assess financing requests within rate case proceedings. The roles require foundational or advanced finance education plus relevant experience in cost structure and capital measurement.

The position emphasizes understanding ratemaking principles and assisting with various aspects of the rate case review process in a regulatory environment.

Qualifications

• Bachelor’s degree with nine semester hours in finance and nine semester hours in finance/economics/accounting.
• Senior Analyst requires either bachelor’s plus two years of professional experience in financial analysis, cost structure, new securities, financial risk, and cost of capital; OR master’s plus one year in these areas.

Responsibilities

• Review utility financial statements and forecasts.
• Familiarize with forecasting models and analyze financing requests.
• Assist with rate case review and applying ratemaking principles.

Skills

Financial analysis

Ratemaking

Forecasting

Cost of capital

Education

Bachelor’s degree with finance coursework

Master’s degree with finance/economics/accounting coursework

Job description

Utility Financial Analysts at DPS review utility financial statements, become familiar with utilities’ financial forecasts and forecasting models, analyze financing requests, develop familiarity with ratemaking principles, and assist with various aspects of the rate case review process.

Minimum Qualifications

Utility Financial Analyst Trainee candidates must possess a bachelor’s degree or higher including or supplemented by nine semester credit hours in finance and an additional nine semester credit hours in finance, economics, and/or accounting.

In order to be appointed as a Senior Utility Financial Analyst, one must meet the following qualifications, either:

1. A bachelor's degree including or supplemented by nine semester credit hours in finance and an additional nine semester credit hours in finance, economics, and/or accounting AND two years of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital; OR
2. A master’s or higher degree including or supplemented by nine semester credit hours in finance and an additional nine semester credit hours in finance, economics, and/or accounting AND one year of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital.