Financial Analyst Budget & Financial Reporting

Chugach Electric Association - Anchorage, AK

Full-time - Entry Level

Anchorage, AK

101-250 employees

Utilities

About the position

The Financial Analyst - Budget & Financial Reporting position at Chugach Electric Association involves evaluating and performing financial analysis to support the organization's regulatory environment, business planning, financial forecasting, and financial management under general supervision. The role requires the analyst to implement methods for conducting appropriate financial analysis and assist in the development and management of compliance with financial reporting requirements and debt covenants. The analyst will participate in the analysis of accounting and reporting compliance changes and contribute to the updates of the Association's Capital Improvement Plan (CIP) and Financial Forecast (FF). In this role, the analyst will perform analysis and reporting associated with actual results compared to budget and report on the financial implications of major transactions. They will also contribute to the development of the annual corporate operating and capital budget, analyze major capital projects' actual results compared to budget, and create budget status reports. The analyst will support the development of the Association's Treasurer's Report included in the Annual Report and annual membership meeting, participate in the development of the Association's IRS Form 990, and prepare financial reporting updates to outside organizations. Additionally, the analyst will assist in developing financing registration statements or similar documents, develop timely financial reports for other departments, support the conversion and automation of budget systems, prepare budgets for areas without cost center managers, and provide company-wide training for budget versus actual analysis tools. The role also involves analyzing financial transactions for compliance, ensuring data collection consistency among departments, and providing information to bondholders and bond rating agencies. The analyst will participate in financial information system conversions, prepare annual audit schedules, assist with internal control compliance, and manage special projects as assigned.

Responsibilities

• Evaluate and implement methods to conduct appropriate financial analysis.
• Assist in the development and management of the Association's compliance with financial reporting requirements and debt covenants.
• Participate in the analysis of accounting and reporting compliance changes.
• Contribute to the update of the Association's Capital Improvement Plan (CIP).
• Contribute to the update and development of the Association's Financial Forecast (FF).
• Perform analysis and reporting associated with actual results compared to budget and report on the financial implications of major transactions.
• Contribute to the development of the annual corporate operating and capital budget.
• Contribute to the analysis of major capital projects actual results compared to budget.
• Create budget status reports.
• Support the development of the Association's Treasurer's Report included in the Annual Report and annual membership meeting.
• Participate in the development of the Association's Return of Organization Exempt from Income Tax, IRS Form 990.
• Prepare financial reporting updates to outside organizations.
• Assist in the development of Association's financing registration statements or similar documents as required.
• Develop timely financial reports and accounting information for use by other departments of the Association, as needed.
• Support the conversion and automation of budget systems including monthly internal financial reporting system and budget preparation module.
• Prepare budgets for areas which have no cost center manager.
• Provide company-wide training for the Association's budget versus actual analysis tools.
• Analyze and research the effects of financial transactions and their compliance with financial reporting.
• Ensure that data collection and analytical efforts among various departments are consistent and appropriate.
• Provide information to holders of the corporation's bonds and bond rating agencies, as required, under general supervision.
• Test financial results against compliance requirements.
• Participate in financial information system conversions.
• Participate in the preparation of the annual Audited Financial Statements and in the coordination of those statements with outside accounting firm.
• Prepare annual audit schedules and participate in the coordination of annual audit schedules with outside legal counsel and outside accounting firm.
• Assist with internal control compliance and related testing, as needed.
• Participate in the calculation of bondable additions, as needed.
• Assist with analysis in support of regulatory needs.
• Manage special projects as assigned.
• Other duties as assigned.

Requirements

• Bachelor's degree in Accounting, Business Administration, Finance or Economics required.
• Two (2) years of professional level accounting experience required, preferably with a utility.
• Knowledge of accounting and financial analysis principles and procedures required.
• Knowledge of electric utility operations and the FERC system of accounts desirable.
• Superior analytical and communication skills required.
• Ability to accomplish report preparation and departmental work in a timely manner is required.
• Must be able to use a personal computer and should be proficient in the use of spreadsheet software.
• Must have the ability to become proficient with a variety of database software packages.
• Ability to work well with all levels of management.
• Ability to work under minimal supervision.

Nice-to-haves

• CPA or CMA candidate preferred.
• Experience working in a union environment preferred.

Benefits

• Medical, RX, Dental & Vision coverage paid for by Chugach Electric.
• Health Savings Account (HSA).
• Telemedicine services.
• 401K Plan.
• Defined Benefit (Pension).
• Retirement Investment services.
• Basic Life and AD&D Insurance paid for by Chugach Electric.
• Supplemental Life Insurance.
• Short Term Disability.
• Long Term Disability.
• Flex Spending Account (Health, Limited Use, Dependent Care).
• 20 days vacation for first year of employment.
• 9 Paid Holidays + 2 Float Holidays + 1 Birthday Holiday.
• Employee Assistance Program.
• MetLife Will Preparation.