Job Description
Become a Senior Financial Analyst [HYBRID] at Southern California Edison (SCE) and build a better tomorrow. In this job, you'll be responsible for performing research and analyses to support the effective utilization and treatment of the Company's financial assets. You will develop recommendations on long and short-term investments and risk management, devise pricing, capital expenditure and O&M expense, and capital recovery strategies to achieve corporate financial goals. You will also develop models to forecast business conditions, to support Corporate and departmental decision-making, review and assess impacts of changing regulations, develop and analyze data and writes compelling testimony and responses to regulatory agencies in support of rate, regulatory, and demand side management activities in compliance with regulatory requirements.
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Financial Analysis:
- Provide and supports the translation of 5-year operating plans to operating budgets, which will be used for multiple financial planning purposes including the General Rate Case (GRC) and Risk Assessment Mitigation Phase (RAMP).
- Fiscal and budget assumptions used by business partners in developing operating plans, including assumptions used in prioritization of work.
- Calculates unit cost, labor cost, overhead allocations, and/or contract, services and material cost needed to develop budgets, and compare actual to budgeted costs to support variance analysis and forecasting without supervision.
- Builds cost expertise and performs cost trend analysis using historical and external data and continuous cost improvement without supervision.
- Applies existing or devises new, innovative models and methodologies; resolve need for analysis in response to changing business conditions and the appropriate modeling and formulas to apply.
Decision Support:
- Highly influential on decision-making and may make final decisions consistent with organizational authorization levels having moderate impact on department or company.
- Acts as a lead analyst to operational units or departments; plans all aspects of analyses, presentations, and implementation strategies for either a portion of, or a complete complex analysis; and usually responsible for implementation of selected recommendations.
- Actively scopes financial analysis needed to facility OU decision-making.
- Develops or reviews drafts of and assists or makes presentations to the senior executive management, department and division management and other interested parties.
Continuous Improvement:
- Develops and completes opportunities to improve operational finance reports, analytical tools, and self-service capabilities to drive efficiency for operational finance and support operational decision-making.
- Defines the direction for new processes and standards as well as determining methods and procedures on new assignments.
The Essentials
- Five or more years of experience with financial and/or quantitative analysis, and accounting methodologies.
- Five or more years of experience developing, validating, and presenting financial statistics and models.
- Experience building reports and ability to track, analyze and maintain the accuracy and integrity of large amounts of data using Excel, Word, PowerPoint, Access, and databases.
The Preferred
- Bachelor's degree or higher in Accounting, Finance, Economics or related subject area.
- Experience with SAP.
- Forecasting and performing cost benefit/trend analysis.
- Experience with "utility" financial planning and accounting methodologies.
- Interpreting and applying General Accepted Accounting Principles (GAAP) and other regulatory requirements.
- Communicating financial information to various audiences including senior management.
- Experience leading projects and working with cross-functional teams.
You should know
- This position's work mode is hybrid. The employee will report to an SCE facility for a set number of days with the option to work remotely on the remaining days. Unless otherwise noted, employees are required to reside in the state of California. Further details of this work mode will be discussed at the interview stage.
- Visit our Candidate Resource page to get meaningful information related to benefits, perks, resources, information, hiring process, and more!
- Relocation does not apply to this position.
About Southern California Edison
The people at SCE don't just keep the lights on. Our mission is so much bigger. We're fueling the kind of innovation that's changing an entire industry, and quite possibly the planet. Join us and create a future with cleaner energy, while providing our customers with the safety and reliability they demand. At SCE, you will have a chance to grow personally and professionally, making a real impact in Southern California and around the world.
At SCE, we celebrate our differences. We are a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.
We are committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodations at (833) 343-0727.