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

Consolidated Edison - Irving, NY

Full-time - Mid Level

Irving, NY

Utilities

About the position

The Sr. Planning Analyst plays a crucial role in the financial planning and analysis (FP&A) team, contributing to the development of the annual and five-year budget and forecast for Consolidated Edison Company and its subsidiaries. This position involves consolidating budget requests, preparing materials for the Board, and reporting actual performance against budgets and forecasts. The analyst will also aggregate inputs from various departments into financial models and provide insights through formal presentations to senior management.

Responsibilities

• Coordinate forecasts of capital and plant plans utilizing advanced forecasting and modeling techniques.
• Prepare analysis of historical capital spend, depreciation, and system-wide data for accurate forecasting.
• Evaluate and critique econometric and end-use forecasting models for internal applications.
• Support the rate case development and track net plant performance against established targets.
• Verify accuracy and consistency of data inputs for models and forecasts, improving data gathering methods.
• Train other staff members in the section on relevant processes and tools.
• Assist with monthly accounting close and explain variances as needed.
• Learn new systems as required for the role.
• 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 experience, or a Master's Degree/PhD with 2 years of experience.
• Minimum of 5 years of full-time financial analyst experience in FP&A or another finance organization function.
• Proficiency in Microsoft Word, Excel, and PowerPoint.
• Experience in forecasting/modeling sales or revenue in utility sectors is preferred.
• Working knowledge of utility budget and forecasting systems is preferred.
• Knowledge of accounting systems and regulatory frameworks is preferred.
• Knowledge of plant accounting is a plus.

Nice-to-haves

• Master's Degree or PhD in a relevant field with 2 years of experience.
• Experience in forecasting/modeling sales or revenue of electric, gas, or steam.