Financial Analyst I OR II - Power Grid Operations Midwest Finance
Duke Energy
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Benefits offered by this job
Job summary
Duke Energy in Cincinnati, OH is seeking a Financial Analyst to deliver accounting, budgeting, and financial analysis support to the Power Grid Operations Midwest unit. You will collaborate with business customers to analyze variances, trends and plans to drive informed decisions.
The role blends technical and functional finance skills, with responsibilities including journal entries, reconciliations, monthly and quarterly reporting, and cross-functional collaboration.
Qualifications
- Bachelor's degree in accounting, finance, economics, or related field.
- 1+ year (2+ for level II) of increasingly diverse or complex experience.
- Fundamental accounting and finance concepts, practices, and procedures.
- Experience with financial applications (PeopleSoft, HFM, PowerPlan) and WebI.
- Experience with Microsoft Excel, Word and PowerPoint.
Responsibilities
- Provide financial, accounting, and business management analytical support to management and customers.
- Budget development for supported functions.
- Evaluate and report budget variances for accurate financial reporting and year-end projections.
- Support the reporting process within the region to explain variances and impacts.
- Prepare and post journal entries and accruals as needed.
- Perform account reconciliations and coordinate with auditors.
Skills
Education
Tools
Job description
More than a career - a chance to make a difference in people's lives. Build an exciting, rewarding career with us – help us make a difference for millions of people every day. Consider joining the Duke Energy team, where you'll find a friendly work environment, opportunities for growth and development, recognition for your work, and competitive pay and benefits. Depending upon the desired qualifications of the successful applicant, the hiring manager may elect to fill this position at a higher level within the job hierarchy.
The role will be responsible for accounting, financial analysis, budgeting, and reporting support to Power Grid Operations Midwest business unit. This position requires a blended knowledge of technical and functional financial reporting and analysis skills. This position works closely with the business customers to analyze and report variances, trends and plans. Key activities include financial planning, managing the budget development as well as monthly, year to date, and year-end financial analysis. The role will work with business representatives at all levels to provide the expertise/assistance necessary for the business to achieve financial success.
Provide financial, accounting, and business management analytical support to various levels of management and customers.
- Budget development for supported functions.
- Evaluate and report business unit O&M and capital budget variances that allows for accurate financial reporting and accurate year end projections.
- Support the reporting process within the region to facilitate understanding of business and variance impacts to zone and employees.
- Compile and analyze statistical data to identify and correct errors and to evaluate general content.
- Prepare, check and/or post journal entries and accruals on an as needed basis.
- Perform account reconciliations on an as needed basis.
- Serve as key interface to zone on understanding and implementation of financial policies and procedures.
- Collaborate with peer analysts to improve work processes and efficiencies across all zones
- Support for cost-reimbursable spend related to costs in aid of construction, solar projects, and highway/DOT projects.
- Analyze cost pool charging for adherence to applicable policies and for reasonableness of O&M and capital splits.
- Develop an understanding of the work management systems and the accounting mapping to support the work orders.
- Prepare financial schedules required to meet monthly and quarterly business unit data requests from Corporate Accounting.
- Work with internal and external auditors, providing necessary information and answering questions as needed.
- Assist in SOX documentation updates and management testing as needed.
- Maintain good working knowledge of accounting policies and impacts as required.
- Actively seek to identify and meet customer needs with a sense of urgency, taking ownership of customer issues and problems until resolved.
Overtime may be required during monthly/quarterly/annual closing processes, the annual budget process, and the rollout of new and/or revised processes.
Note: This posting is for one position.
- Bachelor's degree with major in Accounting, Finance, Economics, or Other Related Degree
- One (1) plus years of increasingly diverse or complex experience in related field in addition to degree
- Possesses and applies fundamental accounting and finance concepts, practices, and procedures
- Experience with financial applications (i.e., PeopleSoft, HFM, PowerPlan, etc.) and query tool (WebI)
- Experience using Microsoft products such as Excel, Word and Power Point
- Bachelor's degree with major in Accounting, Finance, Economics, or Other Related Degree
- Two (2) plus years of increasingly diverse or complex experience in related field in addition to degree
- Possesses and applies fundamental accounting and finance concepts, practices, and procedures
- Experience with financial applications (i.e., PeopleSoft, HFM, PowerPlan, etc.) and query tool (WebI)
- Experience using Microsoft products such as Excel, Word and Power Point
- Graduate degree in Accounting, Business or related fields
- Certified Public Accountant (CPA) or similar certification (or working toward certification)
- Experience in regulated utility accounting
- Demonstrated communication and interpersonal skills
- Ability to build relationships with customers at all levels within the organization
- Ability to work independently and in a team environment; demonstrated initiative within current team
- 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 of Power BI, PowerPivot, Power Query and Microsoft products such as Excel, Word, & Power Point.
- Master's in Accounting or MBA
- Professional certification (e.g., CPA, CFA)
- Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period.
- However, hybrid employees must live within a reasonable commute to their designated Duke Energy facility, not greater than 50 miles one way.
- Employees are expected to report to their assigned Duke Energy facility as required and directed by their manager, on average 3 full workdays per regular workweek.
- Position can be located in Cincinnati, OH OR Plainfield, IN
- Travel required 5% - 15% of the time
- Mon-Fri 5-8's
Must have 1 year (2+ desired) of increasingly diverse or complex experience in a related field in addition to degree. Years of prior equivalent work-related experience in lieu of a degree is N/A unless grandfathered in and requires CFO Staff approval.
Must have 2 years (4+ desired) of increasingly diverse or complex experience in a related field in addition to degree. Years of prior equivalent work-related experience in lieu of a degree is N/A unless grandfathered in and requires CFO Staff approval.
#LI-BM1 #LI-Hybrid
5-15%
(as applicable)
No Represented/Union Position
No Visa Sponsored Position
This is not a Visa Sponsored Position.
This role requires the ability to work lawfully in the U.S. without employment-based immigration sponsorship, now or in the future.
Read about our commitment to supporting a diverse and inclusive workforce. About Duke Energy Terms of Use Brighter opportunities. Brighter futures. Duke Energy values ideas that come from a diverse and inclusive workforce, and we’re dedicated to providing a work environment where all people are valued, respected and able to reach their full potential. Duke Energy is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, childbirth or related medical conditions, including but not limited to lactation, religion, national origin, ancestry, ethnicity, citizenship, sexual orientation, gender identity, gender expression, age, marital status, physical or mental disability, genetic information, medical condition, military status, or protected veteran status. Duke Energy complies with all applicable state, federal and local laws, regulations and ordinances prohibiting discrimination.
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