Financial Analyst 1

About the role

This Financial Analyst 1 will perform financial analysis, forecasting, reporting, and cost tracking while ensuring compliance with FERC, GAAP, and A-123 guidelines. The role supports project and program managers through financial research, accrual processing, forecasting, data reconciliation, and reporting for key business reviews and financial initiatives.

Responsibilities

• Perform financial analysis and provide recommendations based on Federal Energy Regulatory Commission (FERC), Generally Accepted Accounting Principles (GAAP) and A-123 guidelines.
• Maintain/adhere to internal project analysis policies, processes (update standards, desk procedures), and procedures.
• Perform work order completion analysis based on the interpretation of FERC, GAAP, internal audit, and A-123 guidelines.
• With notice and approval from the applicable Project Manager (PM), place capital assets into plant in-service upon project completion, initiating the start of financial depreciation reported and monitored on balance sheet. This requires close collaboration and coordination with the PM to properly assign FERC codes to major and minor assets, and to accurately retire assets, ending depreciation.
• Provide clear, presentable financial reporting data to a variety of stakeholders, such as finance, internal/external auditors, project managers, and executive management based on target dates set for monthly and yearly financial closing activities.
• Research, identify, track, and process monthly accruals, reversals, and re-accruals for Transmission following accounting guidelines.
• Recommend appropriate financial action, based on defined Office of Management Budget (OMB) A-123 policies, financial rules, regulations, policies, and procedures.
• Perform monthly analysis of past and present financial expenditures to estimate and support financial forecasts, and other ad hoc analysis as requested.
• Evaluate and analyze program costs, identify errors, and recommend appropriate corrective action, monitor until corrections have been completed. Alert the manager of any errors or obstacles encountered.
• Work closely with Project/Program Manager(s) responsible for capital and expense programs by researching, forecasting, analyzing, extracting, tracking, reviewing, completing, and consolidating costs vs. estimates for major projects.
• Conduct data analysis and reporting for one or more of the following: End of Year and Start of Year Reporting, Quarterly Business Review, Integrated Program Review, Lease Finance Program, Finance Committee Executive Management, Finance, Management Assertion, Target Tracking, Capital Investment Acquisition.
• Conduct ongoing financial training to update Project Managers and/or Performance Managers regarding process workflow, methodologies, and technologies related to agency and Transmission financial responsibilities. Identify gaps and process improvements for various financial activities and subjects.
• Create spreadsheets, graphs, and PowerPoint presentations used to illustrate financial data when requested.
• Maintain repository of financial records. Mark documents and maintain filing system(s), files, emails, and records in accordance with compliance requirements. Share and disperse documents only to appropriate personnel (those with a Lawful Government Purpose (LGP) to know). Mark and maintain all official records in accordance with the Information Security (INFOSEC) and Information Governance & Lifecycle Management (IGLM) standards and procedures. Validate official records are accurately maintained for auditing purposes.

Requirements

• Bachelor of Science Degree in Finance, Economics, Statistics, Accounting, Business Mathematics or a closely related technical field is preferred.
• 6 months of direct work experience in a financial analysis capacity, including all aspects of project support/analysis is required.
• 6 months of experience in the following:
  • Financial forecasting
  • Working knowledge of automated data systems (i.e., ERPs like PeopleSoft and Asset Suite). Running queries, generating reports to support management, troubleshooting, and resolving issues in an automated environment.
  • Researching data anomalies, evaluating information gathered (sometimes from multiple sources), and reconciling data conflicts.
• Valid U.S. Driver’s License is required.
• Work sponsorship is not available at this time. Third-party candidates will not be considered for this position.
• Because we are a federal government contractor, we have special restrictions placed on us for hiring foreign nationals into certain key positions within the company. This particular position requires U.S. citizenship.

Pay

$25.50 – $35.25 per hour

Benefits

• Paid holidays: 11
• PTO: Starting at 10 days
• Sick Leave: Up to 56 hours per year (prorated based on start date)
• Employee Assistance Program (EAP)
• Benefit Options Available:
  • Medical, Dental, Vision
  • FSA, DCA, LPFSA, HSA
  • Group Life/AD&D, Voluntary Life/AD&D, Voluntary Short-Term Disability, Voluntary Long-Term Disability, Voluntary Critical Illness, Voluntary Accident, Hospital Indemnity
  • 401k (immediately eligible for employee and employer contributions – employer match up to 4%)
• Other benefits include the following:
  • Calm App
  • LifeBalance Discount Program