Sr Planning Analyst, Financial Planning & Analysis - FP&A Budget & Forecast

Consolidated Edison - New York, NY

Full-time - Mid Level

New York, NY

Utilities

About the position

The Sr. Planning Analyst plays a crucial role in the financial planning and analysis functions of the company, specifically contributing to the development of the annual and five-year budget and forecast for both CEI and CECONY. This position is responsible for issuing budget guidelines, consolidating budget requests, and preparing materials for the Board. On a monthly basis, the Sr. Planning Analyst consolidates and reports actual performance against established budgets and forecasts, ensuring that the financial health of the organization is accurately represented and communicated. In addition to these core responsibilities, the Sr. Planning Analyst aggregates inputs from various departments into comprehensive financial models and monthly forecasts. This role also involves contributing to corporate updates for senior management, delivering formal presentations on various financial topics, and providing financial knowledge and technical expertise in special studies. The analyst is expected to utilize state-of-the-art forecasting and modeling techniques to coordinate forecasts of capital and plant plans, presenting results to upper management as required. The position requires a thorough analysis of historical capital spending, depreciation, and other financial metrics to develop a complete and accurate database for forecasting. The Sr. Planning Analyst will evaluate and critique econometric and end-use forecasting models for internal applications, develop new forecasting models as necessary, and support the rate case development process related to capital and plant forecasts. Monthly tracking and reporting on net plant performance versus established targets is also a key responsibility, along with verifying the accuracy of data inputs and improving data gathering methods. Training other staff members and assisting with the monthly accounting close are additional functions of this role, along with monitoring and reporting on key performance indicators (KPIs) and other performance measures.

Responsibilities

• Coordinate forecasts of capital and plant plans utilizing state of the art forecasting/modeling techniques.
• Present results to upper management when required.
• Prepare analysis of historical capital spend, depreciation, afudc amounts and costs of removal.
• Evaluate and critique econometric and/or end-use forecasting models for internal applications or adoption.
• Develop and implement new forecasting models as required.
• Support the rate case development, negotiation and settlement process for capital and plant related forecasts and analysis.
• Track and report on net plant performance versus targets established in rates on a monthly basis.
• Verify accuracy and consistency of data used as inputs to the models and forecasts.
• Develop improved methods of gathering/tracking data.
• Train other staff members in the section.
• Assist with monthly accounting close and provide specific information needed to explain variances.
• Learn new systems as required.
• Monitor and report on KPIs and other performance measures.
• Perform other related tasks and assignments as required.

Requirements

• Bachelor's Degree in Economics, Mathematics, Engineering, Business or equivalent with 3 years of relevant experience, or a Master's Degree/PhD in a related field with 2 years of experience.
• Minimum of 5 years of full-time financial analyst experience in FP&A or another Finance Organization function is required.
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Experience in forecasting/modeling sales or revenue of electric, gas, or steam or equivalent forecasting/analytical experience preferred.
• Working knowledge of utility or in-house budget and forecasting systems is preferred.
• Knowledge of accounting systems and procedures and regulatory framework/requirements and their impact on financial results is preferred.
• Knowledge of plant accounting is a plus.

Nice-to-haves

• Experience in forecasting/modeling sales or revenue of electric, gas, or steam or equivalent forecasting/analytical experience preferred.
• Working knowledge of utility or in-house budget and forecasting systems is preferred.
• Knowledge of accounting systems and procedures and regulatory framework/requirements and their impact on financial results is preferred.

Benefits

• Competitive salary ranging from $105,000 to $145,000 annually.
• Equal Opportunity Employer policies promoting diversity and inclusion in the workplace.