Southern California Edison Principal Financial Analyst in Rosemead, California

Job Description

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About

The Finance group provides financial services to Southern California Edison and Edison International. The organization acts as a steward to do what is best for the company, ensuring that SCE meets or exceeds the sustainability, safety and compliance standards set by the corporation. Finance delivers efficient, reliable solutions through its 5 operating departments.

Position Overview:

The Principal Financial Analyst will part of the Operational Finance group within the Finance organization at SCE supporting the Customer Service Operating Unit. The successful candidate will be responsible for performing research and analyses to support the effective utilization and treatment of the Company’s financial assets. Develops recommendations on long and short-term investments and risk management. Devises pricing, capital expenditure and O&M expense, and capital recovery strategies to achieve corporate financial goals. Develops models to forecast business conditions and to support Corporate and departmental decision making. Reviews and assesses impacts of changing regulations. Develops and analyzes data and writes compelling testimony and responses to regulatory agencies in support of rate, regulatory, and demand side management activities in compliance with regulatory requirements.

Responsibilities

  • Financial Analysis:

  • Contributes and supports the translation of 5-year operating plans to operating budgets which will be used for multiple financial planning purposes including the General Rate Case (GRC) and Risk Assessment Mitigation Phase (RAMP).

  • Tests all fiscal and budget assumptions used by business partners in developing operating plans, including assumptions used in prioritization of work.

  • Calculates unit cost, labor cost, overhead allocations, and/or contract, services and material cost needed to develop budgets, and compare actual to budgeted costs to support variance analysis and forecasting without supervision.

  • Builds cost expertise and performs cost trend analysis using historical and external data to support operational decision-making and continuous cost improvement without supervision.

  • Utilizes existing or devises new, innovative models and methodologies; and determines the need for analysis in response to changing business conditions and the appropriate modeling and formulas to apply.

  • Knowledgeable about sources of data and resources available to access information; accountable for the accuracy and integrity of findings and recommendations.

  • Specializes in understanding of financial concepts not generally found in the company or department/division.

  • Provide functional direction to other analysts and support personnel.

  • Decision Support:

  • Highly influential on decision making and may make final decisions consistent with organizational authorization levels having moderate impact on department or company.

  • Acts as a lead advisor to operational units or departments; plans all aspects of analyses, presentations, and implementation strategies for either a portion of, or a complete complex analysis; and usually responsible for implementation of selected recommendations.

  • Proactively scopes financial analysis needed to facility OU decision making.

  • Develops or reviews drafts of, and assists or makes presentations to the senior executive management, department and division management, and other interested parties.

  • Establishes recommendations and conclusions based on analysis of complex data.

  • Provides internal and external expert advice and recommendations in the field of financial analysis.

  • Weekly contact with other organizations, regulators, and standards/rules setting bodies.

  • Continuous Improvement

  • Develops and executes opportunities to enhance operational finance reports, analytical tools, and self-service capabilities to drive efficiency for operational finance and support operational decision making.

  • Contributes to defining the direction for new processes and standards as well as determining the methods and procedures on new assignments.

Qualifications

Minimum Requirements:

  • Bachelor’s Degree in Accounting, Finance, Economics or similar field.

  • Seven years of experience with financial and/or quantitative analysis, and accounting methodologies.

  • Seven years of experience developing, validating, and presenting financial statistics and models.

Desired Qualifications:

  • Master’s Degree

  • Typically possesses ten years of experience in the field of accounting and/or financial analysis, and analyzing and interpreting financial statements.

  • Demonstrated experience with SAP.

  • Demonstrated experience with forecasting and performing cost benefit/trend analysis.

  • Demonstrated experience with “utility” financial planning and accounting methodologies.

  • Experience interpreting and applying General Accepted Accounting Principles (GAAP) and other regulatory requirements.

  • Six Sigma certification

  • Demonstrated experience communicating financial information to various audiences including senior management. Strong oral and written skills.

  • Demonstrated experience building reports and ability to track, analyze and maintain the accuracy and integrity of large amounts of data using Excel, Word, PowerPoint, Access, and databases.

  • Demonstrated experience leading projects and working with cross-functional teams.

  • Ability to work independently and in a team environment, including identifying project needs, prioritizing multiple projects and following through all assignments.

  • Demonstrated ability to interface effectively and collaborate with peers, clients, management, and other organizations.

  • Must demonstrate the ability to integrate work across relevant areas, develop the business and services to enhance customer satisfaction and productivity, manage risks appropriately, develop and execute business plans, manage information, and provide exceptional service to internal and external customers.

  • Must demonstrate effective resource and project planning, decision making, results delivery, team building, and the ability to stay current with relevant technology and innovation.

  • Must demonstrate strong ethics, influence and negotiation, leadership, interpersonal skills, communication, and the ability to effectively manage stress and engage in continuous learning.

  • Demonstrated ability to follow Edison safety protocols and safe work practices.

Comments

  • Candidates for this position must be legally authorized to work directly as employees for any employer in the United States without visa sponsorship.

Southern California Edison, an Edison International (NYSE:EIX) company, serves a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California. Join the utility leader that is safely delivering reliable, affordable electricity to our customers for over 125 years.

SCE is a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.

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