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PSEG 9697B - Fuel Variance Specialist in Uniondale, New York

Requisition ID: 68994

Job Function/Category: Power Markets

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.

Consistent with our core commitment of safety, PSEG has made the decision to require all new hires to be fully COVID-19 vaccinated as a condition of hire. "Full vaccination" is defined as two weeks after both doses of a two-dose vaccine or two weeks since a single-dose vaccine has been administered. Anyone unable to be vaccinated, either because of a sincerely held religious belief or a disability can request a reasonable accommodation.

Job Summary

AMP

The Fuel Variance Analyst ensures that the Company consistently, appropriately, and accurately develops and maintains annual resource related operating budget, Fuel and Purchase Power (F&PP), and 8-year and 20-year projections, implements supporting plans, and monitors ongoing performance. This position prepares and monitors that portion of LIPA’s operating budget associated with all power supply related costs, which, in aggregate, represent over 50% of LIPA’s annual revenue. The person in this position supports preparation of power supply related testimony in various proceedings including rate cases.

This is a multi-level growth series position, the title, grade level and incentive target assigned to the successful candidate will be determined by assessing skills and related experience, learned through the interview process.

Job Responsibilities

In addition to preparing the operating budget, the Fuel Variance Analyst coordinates, collects and evaluates the data from forecasts and back casts of the fuel and purchase power costs, prepares variance and forecasts reports, and researches any significant variance from the approved budget for the current month and year-to-date results. In addition, prepares the summary level variance report for reporting to LIPA.

The Analyst is responsible for developing and accurately calculating the monthly Power Supply Charge (PSC) that underpins the collection of approximately $2 billion in annual revenue as well as the 6 and 12 month rolling average PSC values used in the balanced billing program. Accurate calculation is critical in order to ensure the timely recovery of costs while minimizing month to month fluctuations in customer bills due to changes in the monthly PSC, which is a direct driver of customer satisfaction metrics. In addition, prepares month-end accruals for various F&PP costs and any re-class entries that may be required.

The Analysts ensures that all F&PP invoices, accruals and deferrals are correctly recorded in PSEG Long Island’s general ledger. Works with various group (Power Portfolios, Accounting, etc.) to ensure all vendor invoices as well as accounting entries that impact F&PP are properly coded.

As part of Power Markets Department Budget, the Fuel Variance Analyst prepares monthly update of forecasted expenditures for the department as well as an explanation of expense variances for reporting to the Budgeting and Planning Group. Ensures that all departmental costs are charged to the correct order number. Reviews the month-end accruals prepared by the Executive Assistant for accuracy and assists in preparing any re-class journal entries. Assists in researching any invoice payment issues.

Job Specific Qualifications

Required:

Bachelor’s degree in Electrical Engineering, Finance, Accounting, Economics or Business Administration or related fields.

Minimum of 3 years’ experience in one of the following areas: financial analysis, quantitative analysis or budget management.

Minimum three years’ experience within the utility industry in a role participating in the electric power markets, or a similarly situated government policy or regulatory body.

Experience in the development and use of complex spreadsheets

Capacity to meet demanding deadlines and manage multiple projects

Ability to translate data into meaningful information to manage the business

Strong written and verbal communication skills

Collaborative with colleagues at all levels towards mutual objectives

Ability to work as an individual contributor and as a team member in a fast-paced, multidisciplinary environment

This position requires driving to company locations and off-site assignments and events, applicants must possess a valid US driver’s license with a safe and satisfactory driver history.

Immigration Support will not be provided in association with this position now or in the future.

Desired:

Master’s Degree preferred

Experience with accounting systems, such as SAP, experience with business intelligence tools and Document Management Systems (SharePoint)

Strong business acumen, experience bringing insightful commentary to numbers, recognition of trends

Excellent analytical skills, conceptual thinking - breaking complex issues into components, capturing all relevant information, utilizing specialists for support, draw conclusions

Strong communication skills - ability to develop and share focused information to be used in good business decision making

Strong organizational and work planning skills

Minimum Years of Experience

3 years of experience

Education

Bachelor in Electrical Engineering or Finance

Bachelors in Business Administration or Accounting

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.

Consistent with our core commitment of safety, PSEG has made the decision to require all new hires to be fully COVID-19 vaccinated as a condition of hire. "Full vaccination" is defined as two weeks after both doses of a two-dose vaccine or two weeks since a single-dose vaccine has been administered. Anyone unable to be vaccinated, either because of a sincerely held religious belief or a disability can request a reasonable accommodation.

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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