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Sr. Financial Analyst

Company: American Water
Location: Camden
Posted on: May 7, 2022

Job Description:

/Diversity of backgrounds, ideas, thoughts, and experiences is vital to our culture and the way we do business. Creating an environment where differences are embraced and where every person feels engaged and included makes us safer, stronger, and more successful./ With a history dating back to 1886, American Water (NYSE:AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 25 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn. / PLEASE NOTE: In order for American Water to evaluate decisions about new regulations, reintegration, and safe operating practices, all employees are required to report their vaccination status./ Primary Role Support the end-to-end preparation and development of the financial analysis and the compliance reporting requirements to support state/operational business partners in all rate and regulatory matters. Support the completion of exhibits, work papers, interrogatories, and writing testimony to sponsor in a timely and accurate fashion. Assists with technical solutions and analysis on national issues. Prepare regulatory reports, financial information, and operational data necessary for filing complete and timely rate applications and reports to state regulatory commissions. Key Accountabilities * Assist in the end-to-end preparation and implementation of acquisition proceedings, including rate calculations, rate impact analysis, escalation of potential issues as necessary. * Serve as first level resource for various department or functional issues which may be related to customer service, billing, tariff administration, operational excellence regulatory compliance, etc. Answer routine rate and regulatory inquiries and assist in recognizing and troubleshooting larger problems. * Lead tariff update efforts related to regulatory filings, ensuring regular maintenance and accuracy of rate related tariff pages. * Communicate updated tariffs to the appropriate functional areas (i.e., tariff administration, CSO, business development, communications, operations, etc.) and verify correct rates are input into the customer billing system. * Prepare analysis that supports operational/state business partners in the filing of base rate cases and alternative regulatory mechanisms (DSIC, RAC, trackers, etc.). Ensure the financial support is complete, accurate and timely prepared meeting all filing deadlines. * Support the end-to-end preparation and development of the pro forma adjustments that are relied upon to support base rate case requests and alternative regulatory mechanisms. * Support the accurate preparation of rate case support schedules, testimony and exhibits for increasingly more complex issues. Prepares written testimony (written and oral) and sponsors more complex adjustments in rate filings. * Assists with technical solutions and analysis on national issues. * Prepares responses to interrogatories for schedules and exhibits they own. * Prepares financial support that is relied upon by Company consultants in areas such as: cost of service studies, return on equity, capital structure, depreciation studies, service company costs, Lead/Lag studies, etc. * Prepares routine regulatory compliance filings, responses to ad hoc requests from regulators, compliance requirements from public utility commission orders. * Analyze utility applications, reports, financial records, and cost studies. * Provides research and comparative analyses of public utility issues, rate analysis, trends, and best practices. * Maintains and supports the use of SharePoint to drive efficiencies and develop best practices. * Measures and assesses activities to drive continuous process improvements. Knowledge/Skills * Economic principles relating to utility rates and cost analysis * Fundamental accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accounting practices * Data collection, research, statistical and cost analysis * Business report writing, preparation and delivery of presentations * Audit, review and analyze business and financial records * Execution and analysis using company business technologies * Microsoft Office Suite (MS Word, PowerPoint, Excel) with particular expertise in Microsoft Excel * Must have the ability to review data and make appropriate decisions regarding public utility operations and to project future costs. Experience/Education * Bachelor's degree in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience. * MBA in Accounting or Finance preferred. * Five to seven years of pertinent technical experience. Utility industry experience a plus. Working knowledge of SAP a plus. Travel Requirements * Up to 20% Certifications & Licenses * CPA, CMA or other technical license a plus. Work Environment * Standard office environment Other Competencies Champions safety Collaborates Cultivates innovation Customer obsessed Drives Results Nimble learning * Join American Water...We Keep Life Flowing*--- * American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants* *based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.*

Keywords: American Water, Camden , Sr. Financial Analyst, Accounting, Auditing , Camden, New Jersey

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