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PSEG Business Analyst 1 in Newark, New Jersey

Requisition ID: 67607

Job Function/Category: Finance / Accounting

Employment Type: Exempt Full Time

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

Job Summary

This opportunity is open to current PSEG employees only.

This position will support PSE&G’s sales and revenue analysis and forecasting process. The group primarily supports the long-range business plan, the month-end accounting close including explaining variances compared to plan, and regulatory filings with the NJ BPU. The group works closely with other areas of Utility Finance (Planning/Strategy and Rates/Revenue Requirements), Accounting (Revenue), Customer Operations (Revenue Controls), and Asset Management (Transmission & Distribution Planning). The position will primarily be responsible for mastering the SAS-based econometric models that are currently used to calculate the impact of weather on sales, unbilled sales, and the ten-year sales forecast.

Job Responsibilities

  • Support the month-end close, including utilizing SAS and Excel to calculate unbilled sales and the weather impacts on sales, and perform analysis actuals compared to forecast sales; communicate results of calculations and results to management and stakeholders

  • Support the long-range plan by utilizing SAS to perform econometric modeling, utilizing historic data and economic variables to calculate sales by customer class for the future ten years

  • Participate in ad hoc analysis and special projects that require building new SAS models to address changing business needs

  • Integrating changes in the SAS software to improve the group’s processes.

  • Support requests related to internal/external auditors and regulatory bodies (BPU, PJM, FERC, etc).

  • The position is expected to be able to apply economic, statistical and utility business concepts in a common sense manner to address the responsibilities above

Job Specific Qualifications

Required:

  • Bachelor’s Degree and/or 5 years of relevant experience in econometric modeling

  • Strong knowledge of undergraduate-level Economics theory and practice.

  • Desire to be challenged, expand professional knowledge and take on more responsibility over time.

  • Good planning and organizing skills.

  • Strong analytical, business and communication skills.

  • Client and business focused.

  • Creative problem solving skills.

  • Ability to interact with all levels of management

Desired:

  • Experience coding in SAS, Python, Java, C, R or a similar language.

  • Knowledge of statistics up to and including linear regression analysis

  • Understanding of utility tariff, accounting close and customer billing processes.

  • Knowledge of how to apply economic, price and exogenous factors to perform a sales forecast.

  • Knowledge of the existing and changing utility industry landscape (AMI, Electric Vehicles, energy efficiency, solar net metering, etc).

Minimum Years of Experience

5 years of experience

Education

Bachelor in Accounting or Finance

Certifications

None Noted

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site ( http://www.pseg.com ) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

Diversity at PSEG: Equal Opportunity Employer

PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.

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