Sr Manager - Corporate FP&A

PPL Foundation; Pennsylvania; On-site; USD 100,000 - 130,000; Full time

Job summary

A leading energy utility company is seeking a Manager for Financial Planning & Analysis. The position involves leading a team to develop financial models, oversee business forecasts, and ensure accurate financial data collection. Ideal candidates should have extensive finance experience and a strong understanding of the electric industry. This role offers an opportunity to contribute to strategic initiatives and drive financial performance.

Qualifications

• 10+ years of experience in finance-related functions.
• Strong knowledge of the electric industry.
• MBA or professional certification preferred.

Responsibilities

• Lead development of PPL's 5-year corporate financial forecast.
• Supervise the modeling team and manage cross-training.
• Design financial models for various analyses.

Skills

Personnel Management

Communication

Time Management

Computer Skills

Education

Bachelor's Degree in Finance and/or Accounting

Tools

Utilities International software

MS Excel

Job description

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.
Overview

The Manager – Financial Planning & Analysis is responsible for supporting the objectives of the Finance department by leading a team of analysts responsible for modeling PPL's 5-year business plan as well as the impact of potential strategic initiatives in a timely manner with the highest degree of accuracy possible. This includes overseeing the collection of data from PPL's business lines as well as updating / maintaining corporate assumptions and verifying results are consistent with expectations. The results generated by the financial models are used by senior management to make critical business decisions and communicate with investors and creditors. This position requires the construction of accurate models in a timely manner. As such, the incumbent is expected to be knowledgeable of PPL's diverse business lines and will partner with the financial management of all PPL business lines as well as other service groups and subject matter experts to verify assumptions and obtain a detailed understanding of key inputs to ensure they are modeled appropriately. Building relationships that foster mutual trust and the free flow of financial / operational information is important. Further, the incumbent is expected to develop and nurture a depth and breadth of capabilities within the department so that no single point of failure/departure can jeopardize the completion of important assignments. Excellent personnel management, communication and time management skills are essential in addition to a strong background in finance / accounting theory and practice Most of the models are developed using software developed by Utilities International (UI). However, being able to effectively create and analyze scenarios in MS Excel is also critical. As such, candidates should have a strong base in Excel. Candidates should also have a willingness to continually enhance their understanding of the capabilities within the UI software platform.

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Responsibilities

• Lead the development of PPL's 5-year corporate financial forecast, quarterly reforecasts and monthly updates.
• Supervise the development of sensitivities around the 5-year financial forecast.
• Manage the modeling team within Financial Planning & Analysis and cross train other members of the finance department to assist with meeting tight deadlines. Provide support to business line finance teams as needed.
• Apply changes in accounting rules, business structure and strategic initiatives (mergers and acquisitions, divestitures, financing options) to the business plan as needed.
• Design / create financial models covering a broad range of topics and analyses at the request of senior management.
• Support presentations for the Corporate Leadership Council, the Board of Directors and senior management.
• Prepare information in support of the company's credit ratings presentations and analyses and respond to requests from the Rating Agencies (S&P, Moody's) as needed.
• Participate in due diligence efforts that support business acquisitions, divestitures, rate cases, or capital market activities.
• In-person supervision of employees to ensure compliance with FLSA wage and hour issues as well as to monitor compliance with safety rules.
• Physical presence in the office/on-site to engage in face-to-face interaction and coordination of work among direct reports and co-workers.
• Performs other duties as assigned
• Complies with all policies and standards

Qualifications

Basic Qualifications

• Bachelor's Degree in Finance and/or Accounting.
• 10+ years of experience in various finance related functions.
• Strong knowledge of electric industry.
• Excellent personnel management / communication / time management / computer skills.

Preferred Qualifications

• MBA / professional certification.
• 12 years of experience in various finance related functions.
• Knowledge of the Utilities International software platform.
• Knowledge of PPL financial systems including the general ledger.