PSEG Company: PSEG Long Island
Salary Range: $ 79,800 - $ 131,700
Incentive: PIP 10%
Work Location Category: Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees - we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
PSEG-LI seeks a Budget Analyst to join the Planning and Budgeting Management team within the Planning and Reporting group. The Planning and Reporting group is responsible for managing financial results for the Long Island Power Authority "LIPA" in accordance with the Operating Service Agreement "OSA", which includes the monthly and annual operating plan, forecast process and providing analytical support for senior management and line of business Director/Managers. The role operates in a fast-paced, results-oriented environment, and should have the ability to influence the decisions of senior business leaders through effective verbal and written communication, logical reasoning, and the presentation of alternatives. The successful candidate must be able to think and act both strategically and tactically. This role reports to the Planning and Budgeting Manager.
Job Responsibilities
Prepare, plan and monitor the budgets along with forecasts for the PSEG-LI business unit in order to ensure financial targets are met.
Lead the variance analysis and query investigation, utilizing financial systems, for financial activity and ensure accurate allocation of costs.
Operating expense reporting and analysis of actual results versus plan and projected year-ends ("PYE").
Partner, liaise and develop positive working relationships with primary client (LIPA), financial and operating areas and corporate department to obtain information required to meet responsibilities and respond to inquiries.
Proactively build and maintain internal and external networks in order to penetrate, absorb and apply technical/professional best practice to own area of responsibilities.
Implement new business processes and streamline and improve current business processes.
Provide financial planning for all aspects of the operating budget development process, including SAP and financial systems set-up and maintenance as necessary.
Provide key business and financial guidance to the organization (budgeting and forecasting).
Analyze and interpret financial results and forecasts (variance analysis, P&L impact).
Drive Business Process implementation and improvement.
Participate on cross-functional teams to solve business issues.
Assist on special projects as required.
Job Specific Qualifications
Required Qualifications, Competencies, Education or Experience:
Bachelor's Degree, preferably in Accounting, Finance or Business Management, and a minimum of seven (7) years of financial planning and analysis experience
Demonstrated knowledge in accounting, budgeting and financial practices
Excellent PC skills with a superior working knowledge of Microsoft Office, including Word, PowerPoint, and other database software.
Excellent written and verbal communication skills, ability to interact with internal and external providers/users of financial information
Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices
Desired Qualifications:
Advanced Degree in Accounting or Finance
Demonstrated analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
Ability to present and interact with senior personnel
Ability to work in a highly regulated field
Ability to work in a team environment
Shares knowledge
SAP experience
Experience in a utility's Finance or Regulatory department
Minimum Years of Experience
7 years of experience
Education
Bachelors
Certifications
None Noted
Public Service Enterprise Group
80 Park Plaza P.O. Box 570
Newark
New Jersey United States
www.pseg.com
