Sr. Financial Analyst - Investments & Planning

NY STATE ELECTRIC & GAS; Boston (MA); On-site; USD 113,000 - 126,000; Full time

Job summary

The Investments & Long-Term Planning team at Avangrid is seeking a senior professional to lead financial planning, forecasting, and TEI-related accounting for renewable projects in a Boston-area, in-office setting.

Ideal candidates will have strong financial modeling skills, GAAP knowledge, and experience building three-statement models for strategic planning and long-term forecasting. Collaboration across cross-functional teams is essential.

Qualifications

• Bachelor's degree in Accounting, Finance, STEM, or related field.
• 5 years of experience in industry or public accounting or demonstrated ability to perform the required tasks based on previous levels of responsibility.
• Strong financial modeling skills of financial statements including income statement, cash flow statement and balance sheet.
• Familiarity with GAAP.
• Knowledge of financial metrics principles, and valuation methodologies.
• Strong analytical and problem-solving skills.
• Ability to adapt to competing priorities.
• Demonstrated ability to work effectively and cooperatively with others as well as operate with a minimum of supervision.
• Strong communication skills with the ability to work cross-functionally with many departments.
• Confidence to challenge/question where appropriate.
• Sound organizational and time management skills.

Responsibilities

• Provide quarterly forecast vs actual analysis for all TEI entities - provide qualitative and interpretative explains of the variances of the HLBV results.
• Manage TEI related accounting matters for all TEI projects - includes preparing / reviewing monthly TEI related accounting entries, helping with new TEI set up process by leading weekly set up meetings, finalizing HLBV and debt models, performing monthly / quarterly / annually TEI related controls, preparing TEI related reporting deliverables.
• Prepare the financial statement modeling work - maintaining and updating all the models including the HLBV models, debt models, financial statement templates and etc.
• Review investment models for accuracy, compliance with company policies, proper accounting treatment and profitability targets.
• Develop and maintain complex business financial models to be used for strategic planning, budgeting, and long-term forecasting.
• Understand tax law and accounting policy changes, analyze impacts to company financials, and present findings.
• Participate on special projects related to key objectives of the Avangrid renewables organization

Skills

Financial modeling

GAAP

Analytical thinking

Cross-functional collaboration

Communication

Education

Bachelor's degree in Accounting, Finance, or related

Tools

SAP BPC

SAC

Excel VBA

Power BI

Job description

The base salary for this position is dependent upon experience.

Location: Boston, MA - In-office

Salary Range: $113,000 to $126,000

Job Summary

The Investments & Long-Term Planning team is a key component of the Control organization. The team supports the CEO and Avangrid senior leadership team with financial analysis to support strategic decision-making across the Company, including the evaluation and corporate governance of new investments opportunities; the financial performance of assets in construction, operation, and the Avangrid platform as a whole; and the Long-Term Outlook (LTO) process, which establishes the financial plan guiding Avangrid's strategic growth in the years ahead. The team is built on the principles of commercial experience, organizational knowledge, active cross-functional collaboration, flexibility and agility, technical knowledge of the investment and financial planning processes, and the ability to advise senior business leaders and functional business areas.

This position is responsible for preparing the financial planning / forecasting processes, preparing financial statements models; and supervising Tax Equity Investment (TEI) related accounting issues for Avangrid Renewables.

This position requires a strong specialization in preparation of forecasted financial statements, financial modeling, valuation techniques and a good understanding of the Renewables energy industry and markets.

The ideal candidate is an agile thinker, problem solver, team player, and enjoys taking on new challenges.

Key Responsibilities

• Provide quarterly forecast vs actual analysis for all TEI entities - provide qualitative and interpretative explains of the variances of the HLBV results.
• Manage TEI related accounting matters for all TEI projects - includes preparing / reviewing monthly TEI related accounting entries, helping with new TEI set up process by leading weekly set up meetings, finalizing HLBV and debt models, performing monthly / quarterly / annually TEI related controls, preparing TEI related reporting deliverables.
• Prepare the financial statement modeling work - maintaining and updating all the models including the HLBV models, debt models, financial statement templates and etc.
• Review investment models for accuracy, compliance with company policies, proper accounting treatment and profitability targets
• Develop and maintain complex business financial models to be used for strategic planning, budgeting, and long-term forecasting.
• Understand tax law and accounting policy changes, analyze impacts to company financials, and present findings.
• Participate on special projects related to key objectives of the Avangrid renewables organization

Required Qualifications

• Bachelor's degree in Accounting, Business, Finance, STEM, or related field
• 5 years of experience in industry or public accounting or demonstrated ability to perform the required tasks based on previous levels of responsibility
• Strong financial modeling skills of financial statements including income statement, cash flow statement and balance sheet
• Familiarity with GAAP
• Knowledge of financial metrics principles, and valuation methodologies
• Strong analytical and problem-solving skills
• Ability to adapt to competing priorities
• Demonstrated ability to work effectively and cooperatively with others as well as operate with a minimum of supervision
• Strong communication skills with the ability to work cross-functionally with many departments
• Confidence to challenge/question where appropriate
• Sound organizational and time management skills

Preferred Qualifications

• Experience with SAP BPC and SAC systems
• Ability to build a three-statement operating models from scratch.
• Prior work experience in Investment Banking, FP&A, Strategic Finance, Accounting, Equity Research or related fields
• Familiarity with IFRS accounting principles
• Prior exposure to or strong interest in Renewables Industry
• Experience with Excel VBA (Macro), Power BI

Competencies (this is standard for all jobs)

• Growth & Continuous Improvement
• Initiative & Change
• Focused on Results
• Customer Centric (internal and/or External)
• Communication
• Collaboration
• Leadership (people managers/leaders)

Disclaimer

At Avangrid we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.

If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at [e-mail] .

Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/j