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Depending upon the desired qualifications of the successful applicant, the hiring manager may elect to fill this position at a higher level within the job hierarchy.

This position is responsible for the overall direction, management, integration, and implementation of all key operational finance functions to support the Regulated & Renewable Energy (RRE) Midwest Operations from a functional and jurisdictional basis. The total business unit spend for this position averages approximately $400 million of O&M and capital per year covering more than 15 discrete generating stations with approximately 8,000 MW of generating capacity within the Duke Energy Indiana and Duke Energy Kentucky jurisdictions. The generating stations cover a broad range of technologies, including natural gas combined cycle and combustion turbine sites, coal generation, cogeneration, hydro, and solar. The incumbent must understand the financial implications of the differences between these technologies. In addition, this position is required to be well versed in complex regulatory financial compliance for the two different jurisdictions and will be called upon to assist with regulatory filings and other discussions with internal/external attorneys and their staffs related to achievement of cost management objectives for the Midwest. In addition, this position will have financial oversight for complex expenditures that are part of the Indiana Environmental Cost Recovery Clause (ECR), a bi-annual filing that requires justification of prudent spend. Regulatory knowledge includes familiarity with ratemaking fundamentals, including implications of Indiana’s “rider-friendly” regime and the frequent filings and updates required in Indiana (e.g., ECR, regulatory knowledge of nuances related to the Edwardsport integrated gasification combined cycle (IGCC) generating station). Additionally, this position will serve as a key interface with the Duke Energy Legal and Rates department to support regulatory filings to the Indiana and Kentucky Utilities and Regulatory Commission as it relates to power generation activities in the Midwest. The generating sites include major baseload units such as Gibson and the Edwardsport IGCC station — the latter being unique to the Duke Energy system in technology, cost, and complexity, and in size unique to the industry.

Key responsibilities for this position include strategic business and financial planning, and management oversight of the budget development for the Midwest fleet on jurisdictional, project, and technology basis for both capital and O&M. This position is responsible for management oversight for the monthly close process including the review of accruals, all journal entries, month and year to date variance analysis, and internal management reports. The position also includes cost management reporting and analysis oversight for the region, and partners with investment engineering to ensure effective project prioritization for the planning period. The position ensures appropriate forecast updates, including outage and special item details. This position will further have cost management oversight responsibility for both joint ownership, and 100% investor-owned sites in the Midwest. Incumbent will be expected to work with other organizations within Duke Energy for issues resolution on critical cost management items. This position will lead a professional staff of approximately +/-4 individuals that develop and publish financial analyses/budgets/reports/ projections, interfaces with all levels within the organization regarding accounting and business topics and helps ensure adherence to overall GAAP and FERC rules as well as internal company financial policies and procedures.

This position will serve as the single point of contact for the RRE Midwest Regional VP and his/her staff for any financial matters, will provide monthly reports and analysis and all other financial presentations and or data as needed. This position serves as a key member of the VP's extended staff. As a leader within RRE Finance, the incumbent will interface regularly with RRE and other members of senior and executive management in critical business plan and cost management presentations. The incumbent must have the technical and business expertise to set overall strategic direction and identify/ evaluate/ develop/recommend initiatives to achieve financial success of the business unit and satisfy the Finance function goals and objectives. The incumbent will also participate in a peer organization with the other RRE regional Finance leaders to ensure consistency in processes and reporting and sharing of best practices throughout the organization. Responsibilities also include coordinating with numerous groups across RRE Operations and Finance to build assumptions in creating the current year Operating Financial Plan, the five-year financial plan, performing complex scenario analysis, and preparing upper management and executives for internal and external presentations.

Incumbent will define and execute initiatives to drive a culture of accountability for financial management in their business partner's organization. Incumbent must have strong ability to lead and direct the RRE Midwest financial activities, lead, and evaluate change management efforts, and drive business process improvement efforts. Effective leadership, communication and collaboration skills are essential for this position as the incumbent is responsible for functions that cross and impact multiple fleet sites that span across multiple jurisdictions. This position will also be expected to participate in various finance initiatives.

As a leader in the RRE Finance organization, the incumbent is also expected to hire, train, and develop the team with appropriate knowledge skills and abilities to execute the overall organization objectives. Individual must also be able to effectively direct and lead employees who are remotely located at varying headquarters and individual generating station sites in the Midwest.

Responsibilities

Cost Management Financial Oversight for the RRE Midwest Region (For each Station & Department)

Responsible for all planning & management of work related to RRE Midwest overall cost management and financial analysis, including budget development, cost analysis, cost reporting and projection tracking for all key operational finance functions to support the assigned organization.
Provide planning & management oversight for the monthly close process including the review of accruals and all other journal entries, month and year to date variance analysis, and internal management reports.
Research any technical accounting issues and work with Asset Accounting on any capital inquiries.
Oversee all financial data requests for ad-hoc reporting, allocation of costs, rate case, internal and external requests, and audit inquiries.
Responsible for the timeliness and accuracy of O&M and Capital projections (Monthly, Quarterly & Year End)
Manages and produces consolidated monthly departmental & jurisdictional reporting for VP's.
Expected to serve as finance representative at jurisdictional or departmental meetings.
Provide oversight and guidance at VP cost management financial oversight meetings.
Provides strategic direction and functional support for the RRE Midwest Region and Finance department efforts.
These efforts include defining success, aligning staff to provide most effective support, and developing an effective business partner interface approach.
Lead initiatives to drive a culture of accountability of financial management throughout the business units
Responsible for management planning and/or execution, and communication of overall business planning efforts for RRE Midwest management and other governing bodies, including Corporate Planning, SMC, and other corporate and jurisdictional organizations.

Strategic Business and Financial Planning

Manage all long-term planning and budget development activities for assigned organization including updating the 5-year plans for O&M and Capital and providing oversight and direction during budget reviews.
Responsible for managing planning and/or execution, and communication of overall business planning efforts for senior management, and other governing bodies, including RRE Corporate, Corporate Forecasting and other Corporate Financial Committees.
Direct staff to perform and review results of business planning and budgeting activities to ensure overall accuracy of accounting and cash flows for the organization’s budgets.
Interface with key executives for input and dialogue on business plans and budget content for O&M & Capital.

Leadership and Management

Lead and direct a professional staff to perform and review results of management reporting, variance analysis and projection updates.
Develop governance structure within department to ensure appropriate decision making and reviews are consistent across the team.
Develop decision making structure in collaboration with the business partners to effectively allocate budget and budget challenges in a way that addresses overall business priorities.
Assign accountability to key staff to develop plans to ensure all key work functions are appropriately addressed.
Establish an organizational design that optimizes efficiency and creates clear accountability for key work functions to designated employees.
Embrace Duke's leadership imperatives by effectively developing a high-performance team through challenging assignments to broaden perspectives and promote strategic thinking.
Embrace change management efforts to drive business process improvements.
Cultivate a winning environment through open and effective communications (with partners and teammates), mutual trust and respect, professionalism, embracing diversity & inclusion, a commitment to excellence, personal accountability, integrity, flexibility, and an encouraging positive attitude.
Support various RRE Efficiency Initiatives

Governance, Controls and Reporting

Integrate systems, processes and reporting to provide an accurate financial picture with tight adherence to financial standards.
Ensure staff meets the defined compliance and control measures that incumbent establishes which follow internal controls, regulatory and legal.
Ensure effective processes are implemented to tie into major project or initiative timelines and milestones.

Regulatory & Environmental compliance Interface

Provide support as needed for key regulatory requirements, including fuel flexibility, environmental, regulatory hydro, and other items as required for the Midwest business operations.
Plan, coordinate and direct work to support regulatory data requests.
Beyond state and federal utility regulatory issues, the incumbent will work with internal audit, corporate accounting, corporate planning, and tax for resolution of issues.

Basic/Required Qualifications

Note: This posting is for one position. Dependent on relevant experience, the level to which a candidate is aligned is outlined below.

Manager I

Bachelors Degree in Economics, Finance, Accounting or related degree
8 years related work experience

Manager II

Bachelors Degree in Economics, Finance, Accounting or related degree
8 years related work experience including at least 2 years of successful direct people management experience

Desired Qualifications

Understanding of financial planning, budgeting, economic analysis, and forecasting strategies
Ability to communicate effectively both verbally and in writing with peers and senior management
Extensive analytical skills, detailed oriented and strong business acumen
Ability to identify issues and propose thoughtful and innovative solutions
Ability to analyze statistical information and recognize significant variances, trends, and irregularities
Self-motivated; able to work independently and in a team environment with an ability to prioritize, handle and track multiple assignments
Strong information technology skills – understanding of financial systems, (i.e. PeopleSoft FMIS, Power Plan, Analytical Services, Business Rules-SAAS, WebI, etc) and proficient in Microsoft Office (Excel, Word, and PowerPoint), PowerBI, Power Pivot and Power Query
CPA or MBA preferred
Excellent organizational skills including ability to manage workload and competing priorities
Strong leadership skills
Strong collaboration & communication skills
Ability to influence and negotiate effectively
Experience in directing, developing, motivating, conflict management and decision making
Prior Supervisory experience desired with demonstrated ability to maintain a motivated and engaged team
Business/ financial background that includes strong understanding of both Capital & O&M business practices within operational organization
Ability to deliver superior results within allocated time through effective prioritization, scheduling, planning, delegation, and execution of assigned tasks
Experience interfacing effectively with executive leadership
Prior accounting and reporting experience in an operational role
Prior experience including financial planning, supporting business planning efforts, regulatory experience and serving in a business management/ finance consulting role
Experience with financial applications (i.e. PeopleSoft FMIS, Power Plan, Analytical Services, Business Rules-SAAS, WebI)
Experience with RRE Operations

#LI-JC1

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Working Conditions

Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to the assigned Duke Energy facility.

Travel Requirements

5-15%

Relocation Assistance Provided (as applicable) Yes

Represented/Union Position No

Visa Sponsored Position No

Posting Expiration Date

Monday, June 17, 2024

All job postings expire at 12:01 AM on the posting expiration date.

Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.

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Brighter opportunities. Brighter futures. Duke Energy values ideas that come from a diverse and inclusive workforce, and we’re dedicated to providing a work environment where all people are valued, respected and able to reach their full potential. Duke Energy is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, childbirth or related medical conditions, including but not limited to lactation, religion, national origin, ancestry, ethnicity, citizenship, sexual orientation, gender identity, gender expression, age, marital status, physical or mental disability, genetic information, medical condition, military status, or protected veteran status. Duke Energy complies with all applicable state, federal and local laws, regulations and ordinances prohibiting discrimination.

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