Financial Analyst

US-PA-Valley Forge
1 month ago
Job ID
2017-2925
# Positions
1
Category
Accounting/Finance

General Position Summary

This position is a financial analyst in the Budget & Analysis Department. Responsibilities include financial analysis and reporting, budgeting and forecasting, maintaining project portfolios and calculation of PJM’s pricing allocation model. This person will conduct budgeting and forecasting for at least one operating division at PJM. This requires the development of forecasting methodologies and ongoing communication with division management. Financial analysis and reporting will be performed on activity and anticipated activity for the division, providing detailed insight on variances and trends of costs.

Project responsibilities include maintaining master data within the IM and PS modules of SAP, creating new projects, inputting annual project budgets, updating project budget changes, and releasing project funding. Additionally, this person will serve as the liaison between the divisional portfolio managers and the Finance Division to ensure program and project data integrity.

This individual will assist with the monthly general ledger close, preparing and/or inputting journal entries.

Essential Duties and Responsibilities

  • Performs project maintenance (creation, closing, funding revisions, approvals) for individual and overall project budgets in the accounting system totaling $40 - $75 million annually.
  • Assists in the design and development as well as the administration of the procedures for maintenance all PJM project activity in the financial accounting system and all related SAP system upgrades and functional improvements.
  • Completes monthly project portfolio updates reflecting funding approved, actual spending, and comparison to forecast values for more than 100 active PJM projects.
  • Assists in the development of the monthly financial reporting used by PJM Executive Team to monitor company and divisional financial performance.
  • Assists in development of financial analysis, reporting and presentation information to PJM management, Finance Committee, Audit Committee and PJM’s Board of Directors on current financial position and company performance on goals and long range financial plans.
  • Analyzes project funding requests ensuring appropriate levels of Authorization for Capital (AFC) have been completed.
  • Coordinates with Divisional Portfolio Managers for the development of project and reporting requirements.
  • Provides project financial data for preparation of budget and project presentation materials for the Executive Team, Finance Committee, Members Committee and PJM’s Board of Managers.
  • Maintains and updates all project system and pricing model desk procedures and internal controls documentation.

Characteristics and Qualifications

Required

  • BS, Accounting, Business Administration, Finance, Economics or equivalent work experience
  • 0-5 years of experience
  • Ability to produce high-quality work products with attention to detail
  • Ability to communicate effectively in a team environment
  • Experience in quantitative and qualitative analysis
  • Experience using verbal and written communications skills
  • Ability to use Microsoft Office Suite (MS-Word, MS-Excel and MS-PowerPoint)
  • Experience with SAP


Preferred

  • MBA, Business Administration
  • Experience with PJM operations, markets, and planning functions
  • Experience supporting any of PJM Committees
  • Experience with Hyperion Planning

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