Lead Budget Analyst Jobs

PSEG Company: PSEG Long Island

Salary Range: $ 78,600 - $ 149,400

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 Lead Budget Analyst to join the Capital Budget Management team within the Financial Planning and Analysis (FP&A) group. The FP&A 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 capital 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 Capital Budget Manager.

Job Responsibilities

Key Accountabilities:
Lead the Utility Review Board ("URB") process under the direction of the Capital Budget Manager. This includes, but is not limited to facilitating URB meetings with senior leadership and capital project stakeholders, participating in various capital project discussions with LIPA/PSEGLI staff, reviewing URB document submittals, coordinating URB functions with other Capital Budget Management staff members, URB activity monitoring and tracking, URB administrative tasks, etc.
Perform all necessary LIPA capital reporting as required under the terms of the 2nd amended and restated Operations Service Agreement, including but not limited to post URB meeting LIPA reporting, production of aging reports, necessary follow-up with LIPA and PSEGLI capital project stakeholders, coordination of Project Justification Description documents ("PJD's") with responsible stakeholders, and other administrative tasks as necessary.
Assist the Capital Budget Manager as necessary in all aspects of the annual capital budget development process, including but not limited to guiding and assisting the various lines of business ("LOB") with the development of their capital plan, accumulating the required supporting PJD's, coordination with and timely submittals to LIPA, and any other tasks related to the capital budget development process.
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.
Capital reporting and analysis of actual results versus plan, URB approved amounts 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 capital 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. Expert user of Excel
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
Ability to present and interact with senior personnel

Desired Qualifications:

Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
Proficient in MS Access

Minimum Years of Experience

7 years of experience

Public Service Enterprise Group (PSEG)
80 Park Plaza P.O. Box 570
Newark
New Jersey United States
www.pseg.com