Financial Analyst II-III

Financial Analyst II

Thank you for your interest in the BWL. We think you'll find it a rewarding and nurturing place to grow your career.

Starting Salary Range: $84,700.00 - $102,400.00

Salary Range:

FA II: $84,700 - $102,400 / FA III $94,000 - $114,700

Position Summary:

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.

Essential Functions:

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

Job Specifications:

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 PowerPoint
• 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

Financial Analyst III

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.

Essential Functions:

• 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 recommendations that enhance business performance
• Provide data and analyses to support periodic (monthly, quarterly, year-end) financial and operational performance reviews with the business and finance teams, executive leadership, and the Board of Commissioner meetings
• Monitor company performance statistics; report trends, variances, and issues; and take appropriate action including proactively notifying business partners or leadership
• Gather data to track and review performance of strategic initiatives
• Ensure reporting systems and source data are accurate and reconciled, including supporting accounting with variance and transaction analysis
• Conduct ad-hoc financial analysis/special projects to assist management in understanding business performance
• Coordinate with business units to identify and mitigate forecasting variances
• All duties to support Cash & Investment Management, Bond Issuance & Compliance, Financial Planning and Analysis, Revenue Forecasting and Rate Making
• Expected to comply with all BWL policies and work rules
• Predictable and reliable attendance
• Other duties as required

Job Specifications:

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 five (5) to seven (7) years of professional experience in finance, accounting, or related field
• Understanding of treasury management, budgeting, and/or utility rate making principles
• This position requires an understanding of balance sheets, income statements and capital structure
• Familiarity with accounting and financial software systems
• 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
• Ability to manipulate and manage large amounts of data
• Ability to update, maintain, reconcile, and trouble shoot spreadsheets of financial data
• Ability to work on multiple projects with minimal direction
• Proficient with the use of MS Office Suite, including Power BI, Outlook, Teams advanced Excel and PowerPoint
• Excellent oral and written communication skills

Preferred:

• Master's degree in finance, Accounting, Business Administration, or related field
• SAP experience
• Experience with construction-based capital budgeting and/or project portfolio management

Physical Requirements / Working Conditions:

The physical demands described here are representative of those that must be met by