Principal Financial Analyst

Puget Sound Energy
life insurance, paid time off, paid holidays, 401(k), retirement plan
United States, Washington, Bellevue
Dec 15, 2024
Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now. PSE'sFinancial Planning & Analysisteam is looking for qualified candidates to fill anopenPrincipal Financial Analystposition! Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process. Job Description PSE is on a mission to achieve Clean Energy Transformation Act ("CETA") compliance and is looking for a motivated finance professional to support the tools that influence executive and board level decision making.This position will be responsible for maintaining existing proprietary financial models as well as performing ad-hoc analyses. This is an individual contributor role that is responsible for supporting the ownership of an integrated financial model that provides thought leadership for the executive team and our investors. Support the Finance organization by developing advanced tools and performing qualitative and quantitative analyses to drive decision-making, support corporate initiatives, and resolve complex issues in creative and effective ways. Supports the development of interdepartmental consensus on analytical assumptions, methodologies, model selection and procedures. Maintains work product that influences corporate strategy and operational performance. Key areas of focus include financial planning, financial modelling, ensuring data integrity, and conveying complex financial implications to the executive level or the organization. Upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety. Job Responsibilities Leads the process to update the annual valuation forecast, and provides a bridge between prior versions and our annual business plan. Presents the results to PSE directors and officers. Participates in the annual creation of the corporate long-term valuation. Facilitates and may lead the ongoing evaluation of the corporate mid and long-term financial plan. Helps develop corporate financial strategy by interfacing with PSE management and building interdepartmental consensus on modeling assumptions, such as rate case strategies, O&M and Capital targets and financing strategies to optimize corporate financial performance. Develops comprehensive financial models and various ad-hoc strategic analyses throughout the planning cycle. Contributes to or may lead the delivery of recommendations resulting from quantitative and qualitative analyses. Anticipates and identifies areas of opportunity or inherent business risks evident in the data and communicates action plans to stakeholders. Develops consensus around analytical approaches and cultivates ties across business groups. Produces presentations for finance management committees and Board of Directors. Continually improves forecast integrity by utilizing internal and external information resources, researching new financial metrics and modeling techniques, benchmarking, and data analytics. Promotes best practices of modeling techniques, methodologies, controls and documentation. Instructs investor analysts on modeling PSE business activity. Provides analytic direction to the business case team by structuring analytical problems, identifying areas for further analysis and summarizing results for decision-making. Promotes accountability of financial assumptions and results across the organization by communicating to and educating business groups about financial implications of business operations. Minimum Qualifications Bachelor's Degree in Business, Finance, Accounting or related field and/or equivalent experience with progressively increasing level of responsibility 5+ years in finance roles with progressively increasing levels of responsibility Excellent communication, writing and presentation skills with the ability to interface effectively with all levels of management Ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment Desired Qualifications Master's Degree in a quantitative field or MBA Applicable Finance Certification (CFA, MSF, CTP) Familiarity with three statement integrated financial models Experience forecasting cash flow through multiple layers of corporate entities with consideration for tax, accounting, and deferral activity Demonstrated ability to manage multiple projects and create capacity Ability to adapt and react to unforeseen business decisions and situations Experience leading and delivering projects under tight deadlines 3+ years of experience in the gas and/or electric industry Additional Information At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package. The pay range for this position is$88,000.00-$146,500.00, and this position is eligible for annual goals based incentive bonuses. PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year.Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com). Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy. Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.