Sr Regulatory Analyst PSEG LI
Date: Dec 19, 2024
Location: Bethpage, NY, US
Company: PSEG
Requisition: 80655
PSEG Company: PSEG Long Island
Salary Range: $ 75,000 - $ 118,700
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.
We want you to be healthy, balanced, and feel secure. That’s why you’ll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer a retirement program, 401(k) with company match, company paid life insurance, tuition reimbursement and a minimum of 18 days of paid time off per year.
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
As a key member of the Regulatory Requirements Department, the Senior Regulatory Analyst will report to the Regulatory Requirements Manager. The selected candidate will be someone who is highly motivated and an analytical thinker, working through complex problems in order to reach justifiable conclusions to support their team, by utilizing hands-on experience and gaining an in-depth understanding of the utility business revenue model and Regulatory accounting principles. Provide support to meet business goals and objectives.
Multitasking abilities are a plus, due to the fact that they will be wearing different job hats from day-to-day.
Job Responsibilities
• Assist in the monthly revenue and expense analysis, variance explanations and forecasting.
• Participate in preparation of annual budget model components.
• Collect and provide various documentation and reports to DPS.
• Update and analyze Labor Allocation, Cash Forecast, FERC, Utility Surveys and various other regulatory reports.
• Maintain compliance with business continuity planning requirements.
• Perform ad hoc analyses of revenue and expenses related to a wide variety of inquiries from upper management.
• Identify areas for process improvements through automation and monthly reporting (e.g. excel formulas/macros/Hyperion/Tableau/Access) to reduce manual errors in monthly revenue and expense reporting process.
• Assists with various audit tasks, including providing support/and or documentation for internal and external audit and various ad-hoc reports needed.
• Assist in creation of rate case schedules to be prepared and be provided to our regulator. Responds to and resolves issues and requests from other business areas and client (LIPA) regarding various regulatory inquiries. Researches open regulatory inquiries and supporting documentation.
Job Specific Qualifications
Required Qualifications, Competencies, Education or Experience:
• Bachelor’s or Advanced degree in Accounting, Finance, Business or Economics.
• Minimum 5 years of Financial Analysis/Accounting experience.
• Strong analytical and problem solving abilities. Microsoft suite proficiency.
• Ability to interact with all levels of management. Strong interpersonal skills.
• Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices.
• Strong analytical skills, with the ability to think from an objective perspective. Strong interpersonal and communication skills.
• Ability to make sound judgments within established policies and procedures as well as challenge current processes in order to achieve greater efficiencies.
• Strong organizational skills and project management skills.
• Candidate must foster an inclusive work environment and respect all aspects of diversity.
• Must demonstrate and value differences in others’ strengths, perspectives, approaches, and personal choice.
• Preferred Skills:
• Usage of SAP and Hyperion is preferred.
• Experience with the utility and/or highly regulated industries is a plus.
Minimum Years of Experience
Education
Certifications
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.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include 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.
As an employee of PSEG 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.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers. This site is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION (Click link below)
Nearest Major Market: Long Island
Nearest Secondary Market: New York CIty
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