Expert Financial Analyst - Capital Recovery and Analysis

PG&E; Oakland (CA); Hybrid; USD 118,000 - 188,000; Full time

Job summary

PG&E in Oakland is seeking an expert to join the Capital Recovery and Analysis team in the Controller's department. You will dive into forecasting capital budgets, analyze results, and support regulatory rate cases that impact customers' bills.

Collaborate across departments to develop processes and tools for budgets and forecasts, prepare filings with CPUC and FERC, and present findings to management. Hybrid role with some days in Oakland office and remote work as needed.

Qualifications

• Bachelor's degree in accounting, finance, or business, or relevant field or equivalent work experience.
• 6 years of experience in finance or accounting or related field
• Microsoft Excel proficiency
• Can use logic to solve problems, does not stop at first answers
• Strong analytical skills with an attention to detail and passion for excellence
• Strong written and communication skills

Responsibilities

• Leads complex forecasting and regulatory projects
• Works with management and extended leadership to provide analysis and recommendations for regulatory and accounting issues
• Uses or enhances existing financial models and/or develops new models in Excel and/or Access for analysis and/or reporting.
• Prepares forecasts, data requests, and workpapers for plant, depreciation and ratebase as part of filings to the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC) for PG&E's General Rate Case (GRC), Transmission Owner (TO) rate case, and other capital-related rate case filings.
• Researches, interprets, and analyzes regulatory decisions, regulatory accounting, cost recovery proposals, revenue requirement impacts, and other analysis in support of regulatory proceedings.
• May serve as a rate case witness and support testimony in regulatory proceedings.
• May write memos or testimony on cost recovery issues.
• Coaches and Mentors Senior Analyst.
• Ability to communicate effectively to a broad range of audiences

Skills

Excel proficiency

Analytical skills

Communication skills

Problem solving

Education

Bachelor's degree in accounting, finance, or business

MBA or other advanced finance/business/accounting degree

CPA or CMA (preferred)

Tools

SAP

BPC

BW

Power Plant

Job description

Requisition ID# 174899

Job Category: Accounting / Finance

Job Level: Individual Contributor

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

Join PG&E's Capital Recovery and Analysis Team!

Are you ready to be part of a dynamic team at the forefront of a rapidly evolving industry? PG&E's Capital Recovery and Analysis team in the Controller's department is pivotal in shaping the financial future of the company. We manage the financial analysis and support for PG&E's capital forecasts and budgets, and our work directly influences the company's regulatory rate cases. With over $110 billion in plant assets, our department is responsible for forecasting capital-related items that are crucial to the company's success.

Why This Role is Exciting:

This is your chance to dive into an industry undergoing significant transformation. As part of our team, you'll play a key role in developing and implementing processes and tools for budget and financial forecasts. You'll analyze business results, advise partners on operational impacts, and contribute to regulatory strategy and processes. Your work will directly impact the company's revenues and rate stability for customers.

Position Summary

We are on the lookout for a talented, highly motivated Expert to join our high-profile department. This is an excellent opportunity to showcase your analytical prowess and make a meaningful contribution. Here's what you'll be doing:

• Collaborate Across Departments: Work with various departments and management levels on forecasting and budgeting.
• Regulatory Insight: Prepare, review, and research regulatory decisions and filings.
• Present and Analyze: Prepare and present variance analysis to management.
• Strategize for Success: Forecast capital revenue requirements and analyze data for regulatory filings, strategizing to balance cost recovery and rate stability for customers.

This position is hybrid, working from your remote office and the Oakland General Office 1-2 days per week and based on business need.

Why You'll Love This Role:

You’ll support numerous organizations within PG&E, providing you with exposure to key stakeholders and insights into various lines of business. This unique opportunity allows you to learn, grow, and make a significant impact.

Responsibilities

Regulatory Strategy and Analysis

• Leads complex forecasting and regulatory projects
• Works with management and extended leadership to provide analysis and recommendations for regulatory and accounting issues
• Uses or enhances existing financial models and/or develops new models in Excel and/or Access for analysis and/or reporting.
• Prepares forecasts, data requests, and workpapers for plant, depreciation and ratebase as part of filings to the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC) for PG&E's General Rate Case (GRC), Transmission Owner (TO) rate case, and other capital-related rate case filings.
• Researches, interprets, and analyzes regulatory decisions, regulatory accounting, cost recovery proposals, revenue requirement impacts, and other analysis in support of regulatory proceedings.
• May serve as a rate case witness and support testimony in regulatory proceedings.
• May write memos or testimony on cost recovery issues.
• Coaches and Mentors Senior Analyst.
• Ability to communicate effectively to a broad range of audiences

Financial Planning, Forecasting, and Analysis

• Prepare accurate and timely budget, forecasts and analysis for capital-related items, including plant, CWIP, depreciation, AFUDC, decommissioning, and rate base.
• Establishes, builds, and maintains relationships with key business partners. Engages with business partners (i.e. business finance; lines of businesses; accounting; tax; enterprise financial forecasting; and planning, forecasting, and reporting) to ensure consistency and accuracy of accounting data, regulatory decisions, and assumptions of forecasts as part of regulatory filings and financial forecasts.
• Provide recommendations to manager and director with supporting analysis.
• Ability to lead/manage cross-functional projects and initiatives

Process and Systems Improvement

• Identifies opportunities for continuous improvement, promotes a "best practices" environment.
• Leads efforts to promote efficiency within existing processes in areas of responsibility
• Contributes to the department and company projects initiatives to improve processes and understands / translates financial impacts.
• Shares knowledge with team members through thorough documentation, presentations at team meetings, and training.

Qualifications

Minimum:

• Bachelor's degree in accounting, finance, or business, or relevant field or equivalent work experience
• 6 years of experience in finance or accounting or related field
• Microsoft Excel proficiency
• Can use logic to solve problems, does not stop at first answers
• Strong analytical skills with an attention to detail and passion for excellence
• Strong written and communication skills

Desired:

• Advanced Microsoft Excel
• Capital accounting and/or utility industry experience
• SAP, BPC, BW and/or Power Plant experience
• MBA or other advanced finance/business/accounting degree
• Professional license, such as CPA or CMA

Compensation

PG&E provides the salary range that the company in good faith believes it might pay for this position at the time of thejob posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will bebased on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience,market value, geographic location, and internal equity.Although we estimatethe successful candidate hiredinto this rolewill beplaced between the entry point and the middle of the range, the decisionwill be made on a case-by-casebasis related tothese factors.This job is also eligible to participate inPG&E's discretionary incentive compensation programs.

A reasonable salary range is:

• Bay Area Minimum: $118,000
• Bay Area Midpoint: $153,000
• Bay Area Maximum: $188,000