Budget Analyst, Power Systems Management (76596)
Budget Analyst, Power Systems Management (76596)
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Job Description
Requisition:76596
PSEG Company:PSEG Long Island
Salary Range: $62700- $100100
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 12000 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
This position prepares and monitors the operating budget for the Power System Management (PSM) department. In addition to preparing the operating budget the Fuel Variance Analyst coordinates collects and evaluates the data provided by the various groups within PSM to prepare monthly variance and forecasts reports and researches any significant variance from the approved budget for the current month and year-to-date results. In addition prepares monthly variance report for reporting to the Budget and Planning department.
The Analyst will process PSM invoices for payment prepares month-end accruals and journal entries and ensures all expenses are correctly recorded in PSEG Long Islands general ledger. Will work with the various PSM groups to ensure all vendor invoices as well as accounting entries are properly coded and purchase orders are properly funded.
The Analyst will assist in facilitating the in-house transition from the financial consultant of the Financial Model that is used for IRP studies repowering studies and other long-range planning.
In addition the Analyst will assist as needed in developing and accurately calculating the monthly Power Supply Charge (PSC) that underpins the collection of approximately $2 billion in annual revenue as well as the 6 and 12 month rolling average PSC values used in the balanced billing program. Accurate calculation is critical in order to ensure the timely recovery of costs while minimizing month tomonth fluctuations in customer bills due to changes in the monthly PSC which is a direct driver of customer satisfaction addition prepares month-end accruals for various F&PP costs and any re-class entries that may be required.
As needed the Analyst will assist in ensuring that all Power Supply Charge invoices accruals and deferrals are correctly recorded in PSEG Long Islands general ledger. Works with various groups (Power Portfolios Accounting etc.) to ensure all vendor invoices as well as accounting entries that impact F&PP are properly coded.
Job Responsibilities
- The Analyst will process PSM invoices for payment prepares month-end accruals and journal entries and ensures all expenses are correctly recorded in PSEG Long Islands general ledger. Will work with the various PSM groups to ensure all vendor invoices as well as accounting entries are properly coded and purchase orders are properly funded.
- The Analyst will assist in facilitating the in-house transition from the financial consultant of the Financial Model that is used for IRP studies repowering studies and other long-range planning.
- In addition the Analyst will assist as needed in developing and accurately calculating the monthly Power Supply Charge (PSC) that underpins the collection of approximately $2 billion in annual revenue as well as the 6 and12 month rolling average PSC values used in the balanced billing program. Accurate calculation is critical in order to ensure the timely recovery of costs while minimizing month to month fluctuations in customer bills due to changes in the monthly PSC which is a direct driver of customer satisfaction addition prepares month-end accruals for various F&PP costs and any re-class entries that may be required.
- As needed the Analyst will assist in ensuring that all Power Supply Charge invoices accruals and deferrals are correctly recorded in PSEG Long Islands general ledger. Works with various groups (Power Portfolios Accounting etc.) to ensure all vendor invoices as well as accounting entries that impact F&PP are properly coded.
Job Specific Qualifications
Required:
- Bachelors degree in Engineering Finance Accounting Economics or Business Administration or related fields.
- Minimum of 3 years experience in one of the following areas: financial analysis quantitative analysis or budget management workingfor an electric investor-owned or public utility company a company participating in the electric power markets as a consultant to a public or private utility or a similarly situated government policy or regulatory body;
- Experience in the development and use of complex spreadsheets is essential
- Capacity to meet demanding deadlines and manage multiple projects
- Ability to translate data into meaningful information to manage the business
- Strong written and verbal communication skills
- Collaborative with colleagues at all levels towards mutual objectives
- Ability to work as an individual contributor and as a team member in a fast-paced multidisciplinary environment
Desired Skills:
- Masters Degree preferred
- Experience with accounting systems such as SAP Ariba and Catalyst is preferred as is experience with Document Management Systems (SharePoint)
- Strong business acumen experience bringing insightful commentary to numbers recognition of trends
- Excellent analytical skills conceptual thinking - breaking complex issues into components capturing all relevant information utilizing specialists for support draw conclusions
- Strong communication skills - ability to develop and share focused information to be used in good business decision making
- Strong organizational and work planning skills
Minimum Years of Experience
Education
Certifications
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly if the position does require access to this information you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization due to the time it takes to obtain authorization from the government we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer dedicated to a policy of non-discrimination in employment including the hiring process based on any legally protected characteristic. Legally protected characteristics include race color religion national origin sex age marital status sexual orientation disability or veteran status or any other characteristic protected by federal state or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
PSEGs drug and alcohol testing program includes pre-employment testing testing for cause and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT PHMSA or NRC regulations) this also includes random testing. All drug and alcohol testing for federally regulated roles is inclusive of marijuana. Employees who transfer into a federally regulated role are subject to drug and alcohol testing inclusive of marijuana.
PSEG employees must apply for jobs internally through emPower which can be accessed through by clicking on the emPower icon then selecting site ( is strictly for candidates who are not currently PSEG employeeswith the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position please call or email
If you need to request a reasonable accommodation to perform the essential functions of the job email . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION(Click link below)
Required Experience:
IC
Employment Type
Full Time
