Financial Analyst II-III

Financial Analyst II

Starting Salary Range: $84,700.00 - $

A Financial Analyst II in the Finance & Planning department supports the company's business units by continually providing the tools, knowledge, and thought leadership needed for consistent and effective decision making. As a valued partner and contributor in all strategic and everyday business decisions, a Financial Analyst II supports and leads duties centered around cash & investment management, bond issuance & compliance, financial planning & analysis (FP&A), revenue forecasting, and rate making.

The Finance & Planning department performs a wide range of duties as noted below. With some guidance required from supervision, a Financial Analyst II shares in performing most of the supporting duties of the department. A Financial Analyst II will be actively engaged in all areas below or may take a lead role in two or more areas below.

• Cash & Investment Management
• Bond Issuance & Compliance
• Financial Planning & Analysis (FP&A)
• Revenue Forecasting
• Rate Making
• Assist with developing presentations for various audiences, including investors, rating agencies, management, and the Board of Commissioners
• Recommend and implement solutions to strengthen controls and incorporate best practices
• Develop relevant reporting, including data preparation, report creation and quality control
• Provide financial training to the organization
• Establish metrics and key performance indicators
• Expected to comply with all BWL policies and work rules
• Other duties as required

Required:

• This position requires knowledge equivalent to that which normally would be acquired through a Bachelor's degree in Finance, Accounting or Business Administration; or equivalent combination of education and experience
• This position requires a minimum of three years of professional experience in finance, accounting, or related field
• Experience with corporate budget development
• Experience with:
  • Corporate budget development
  • Corporate budget and forecast development, monthly financial reporting, and variance analysis
  • Cash management, bond issuance & compliance
  • Utility rate making and revenue development
  • Business process improvement, identify and implement new ideas to day-to-day operations
• Familiarity with accounting and financial software systems
• Knowledge of MS Office Suite, including Power BI, Outlook, Teams, advanced Excel and Power Point
• Strong oral and written communication skills
• Knowledge of GAAP and GASB
• Understanding of the strategy, drivers, metrics, and data elements of the company
• Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow (DCF), contribution margin, balance sheet analysis, financial ratios, alignment to KPIs, NPV/IRR, cost of capital, market analysis, and strategic analysis

Preferred:

• Master's degree in finance, accounting, business administration, or related field
• Understanding of the business, end-markets, competitive environment, industry peer group and general economic conditions that impact the company
• Understanding of the strategy, drivers, metrics, and data elements of the company
• Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow (DCF), contribution margin, balance sheet analysis, financial ratios, alignment to KPIs, NPV/IRR, cost of capital, market analysis, and strategic analysis
• Experience with SAP-ECC financial software and BPC budgeting software

The Financial Analyst III performs various operational tasks required of the Finance & Planning department. Duties include developing, coordinating complex analyses related to financial planning and analysis. Including cash management, investment management, rate making, capital project financing, benchmarking and policy development & bond compliance.

• Coordinate and engage business units as a business partner to create detailed financial plans in support of the annual operating and capital budget & forecast process and to identify and mitigate forecasting variances
• Influence allocation of financial resources that result in maximized value for customers and stakeholders through detailed business cases and due diligence
• Prepare income statement, balance sheet, and cash flow annual budget, 6-year forecast, 20-year forecast and up-to-date projections
• Execute the budget & forecast process, making enhancements as necessary, including administration of budgeting, and forecasting software
• Support the strategic planning process and master planning initiatives
• Manage and coordinate monthly/quarterly reporting, validate accuracy, and assist team in creation of analyses and presentations for executive leadership and Board of Commissioners
• Understand and analyze monthly/quarterly financial and performance results (vs. forecast, prior year, budget), clearly articulate themes and performance drivers, and drive efforts to understand root causes of variances to make…