Important Information
Posted range is $68,640-114,660
The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity.
This position may be eligible for annual incentive pay and you will have the opportunity for continued salary growth. In addition to compensation, you will be offered a comprehensive benefits package including 401(k), Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more! American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!
In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more!
American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!
Primary Role
This is an intermediate and growing level of the job family where employees are assigned responsibility for performing moderately complex work solving a wider range of standard and non standard problems and to continue to build their skills in gathering and analyzing data concerning public utilities, and in reviewing utility applications. In this role they work under moderate to minimal supervision and may independently handle presentations at public meetings,preparing exhibits and testimony, and may be called upon to provide expert testimony in routine cases, or to research a portion of a case and testify to the findings.
Key Accountabilities
- Research, monitor and track financial compliance & reporting requirements ensuring complete and full understanding and adherence of filing deadlines and submission requirements; serves as key contact to internal and external colleagues regarding questions, verifications and follow-up.
- Develop integrated revenue/expense analyses, projections, reports, cost allocations and presentations.
- Create and analyzes monthly, quarterly, and annual reports and ensure financial information has been recorded accurately and completely.
- Identify trends and developments in competitive environments; develop & deliver financial presentations as requested.
- Perform financial forecasting, financial modeling and trend analysis.
- Drive “financial best practice” by assessing and measuring the on-going effectiveness of existing business applications and technologies, e.g. SharePoint; build and develop financial process improvements.
- Partner and liaise with internal and external colleges and functions to collect the individual pieces of data and information required by required filings and/or reports.
- Assist in the formulation of corporate policies and procedures and compliance with such policies and procedures.
- Complete special financial studies, e.g. cost of service studies, return on equity, capital structure, depreciation, service company costs and lead/lag.
- Support the execution of key financial targets and metrics through the development and implementation of proactive dashboards, measurements and variance analyses.
- Assist and/or Lead in the creation of complex spreadsheets, supporting analysis of revenues, trends, declining usage, and all other analytics supporting revenue process.
- Work with regional finance teams, operational representatives and accounting to deliver effective analysis of results(plan, forecast and actuals).
- Analyze integrated financial statement results, review financial/operational metrics, prepare key performance variance analysis and explanations, and assist in leading the budgetary process.
- Prepare financial updates, including relevant analyses versus prior periods and providing forecasts/budgets, examining associated risk/opportunities.
- Support merger and acquisition activities with sophisticated financial analysis and modeling, market and target company research, due diligence, and coordination of activities with internal and external colleagues.
Key Accountabilities Cont'd
- Provide financial support and analysis for business development and strategic planning activities such as partnerships, strategic alliances, joint ventures, reengineering projects and divestitures.
- Perform cost/benefit analysis for projects and departments, develop graphs, reports, dashboards, routine and ad hoc reports and present reports and project results to management.
- Expedite reporting processes and analysis by combining and analyzing data from disparate systems and processes and interpreting trends and patterns in financial data sets.
- Work with internal stake holders, report requestors, and management to solidify requirements, discuss interpretation of reports, provide feedback, and propose actions for improvement.
- Collaborate with other business areas to develop and maintain financial planning activities including departmental budgets, staffing models, and pricing models.
- Make recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies.
- Recommend establishment of new or modified reporting methods and procedures to improve report content and completeness of information; identify trends and recommends business improvements.
Knowledge/Skills
- Economic principles relating to utility rates and cost analysis.
- Accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accountingpractices.
- Methodologies and practices of data collection, research methodologies and of statistical and cost analysis.
- Business report writing, preparation and delivery of presentations including oral testimony.
- Audit, review and analysis of business and financial records.
- Execution and analysis using company business technologies and computer simulation programs.
- Microsoft Office Suite (MS Word, PowerPoint,Excel) with particular expertise in Microsoft Excel Advanced.
- Must have the ability to review data and make appropriate decisions regarding public utility operations and to projectfuture costs.
- Direct knowledge and experience in the process of preparing and filing rate cases, including all related andsupporting activities.
- Direct knowledge and experience of the revenue aspect of rate case preparation.
- Fully understands complex regulatory accounting.
- Work directly with commission staff and prepare written and oral testimony in the area of revenues.
- Ability to identify the need for and develop new financial analysis requirements and models.
- Knowledge/Experience of ERP and CIS Systems (preferable integrated platform).
Experience/Education
- Bachelor's degree in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience.
- Equivalent combination of undergraduate education and work experience that provides the knowledge and exposure to the financial analysis of utility rates, expenses, revenues and services and exposure to the fundamental theories, principles and concepts of the field.
- Advanced degree or CPA preferred.
- Seven to nine years of pertinent financial experience including specific experience in the regulated water/wastewater industry.
Travel Requirements
- Travel up to 30%.
Work Environment
- Hybrid work schedule (3 days in the office 2 days offsite)
- This position offers the flexibility to be based in any American Water office throughout our footprint!
Other
- This is the fully seasoned level of the job family where employees are assigned independent responsibility for gathering and analyzing data concerning public utilities and reviewing utility applications and leading less experience colleagues.
- This includes project management, facilitating public meetings, preparing exhibits and testimony, and serving as an expert witness.