Principal Financial​/Rate Analyst

Please note:

This recruitment is open on a continuous basis until filled and may close at any time. First consideration will be given to applications received by July 23, 2026. Apply today!

The City of Pasadena Water and Power Department is seeking a Principal Financial/Rate Analyst with deep budgeting expertise, exceptional analytical capability, and a strategic, big‑picture mindset to lead advanced financial, budget, and utility rate analysis. This position requires a proven leader who can effectively manage and guide the department’s budgeting and utility rates functions, ensuring that financial decisions support long‑term operational and capital needs.

The successful candidate will lead the development, management, and implementation of utility budgets, rate structures, and cost‑of‑service studies to support the long‑term financial sustainability of the department and its Capital Improvement Program (CIP). This position plays a central role in building and maintaining multi‑year financial plans, evaluating the budgetary impacts of existing and proposed utility operations and capital projects, and developing fiscally responsible alternatives to guide executive and policy‑level decision‑making.

In addition, the incumbent will support both short‑ and long‑term financial planning, conduct in‑depth budget and rate analyses, and ensure that financial strategies align with departmental priorities, regulatory requirements, and community needs.

Key responsibilities include conducting complex financial analyses, preparing technical studies and reports, and presenting findings and recommendations to a variety of audiences, including management, stakeholders, public officials, and community members.

The ideal candidate is a strategic, innovative, and team‑oriented financial professional with advanced Microsoft Excel skills and expertise in developing, maintaining, and analyzing complex financial models. They are able to balance detailed financial analysis with long‑term planning and deliver creative, data‑driven solutions that support utility operations, rate development, financial forecasting, and organizational objectives.

The ideal candidate will be expected to perform the following essential functions. For more detailed information, please review the job description for Principal Financial/Rate Analyst.

• Lead the annual budgeting cycle by coordinating timelines, advising on economic and cost drivers, gathering departmental inputs, and consolidating all financial plans into a comprehensive organizational budget.
• Monitor and analyze budget performance, including monthly and quarterly variance reviews, spending trends, and financial risks.
• Develop and maintain financial forecasts, updating projections based on actual results, operational changes, and market conditions.
• Prepare clear, actionable financial reports for senior leadership, including dashboards, variance analyses, and scenario models.
• Partner with department leaders to support financial planning, improve budget literacy, and ensure alignment with organizational goals.
• Identify cost‑saving opportunities and lead initiatives to optimize spending without compromising performance.
• Ensure compliance with internal financial policies, accounting standards, and regulatory requirements.
• Manage budgeting tools and systems, ensuring data accuracy, process efficiency, and continuous improvement.
• Support audits by providing documentation, explaining variances, and maintaining audit‑ready financial records.
• Contribute to strategic planning through financial modeling, business case evaluation, and long‑term scenario analysis.
• Participate in preparing and implementing short and long‑term financial plans for the Water and Power Department.
• Participate in functions concerning public utility fiscal policy, financial planning, project funding and investments, bond financing, budgeting, accounting, auditing, and other financial and administrative studies.
• Prepare and present highly technical and financial studies and analyses to a broad spectrum of audiences. Conduct assigned department business with appropriate government entities, including federal, state,…