Power Industry Jobs

The most used job board by electric power industry professionals.

Financial Analyst 2, 3 or 4

Minnesota Public Utilities Commission

Location: St. Paul, MN US
Position Type: Full Time
Rqd Education: Bachelor's Degree
Rqd Experience: 2 - 5 years
Date Posted: September 29, 2022
Reference Code:

Job Class: Public Utilities Financial Analyst 2, 3 or 4
Working Title: Financial Analyst 2, 3 or 4

Job Opening ID: 59394
Who May Apply: Open to all qualified job seekers
Date Posted: 09/24/2022
Closing Date: 11/30/2022
Hiring Agency/Seniority Unit: Public Utilities Commission / MAPE
Work Shift/Work Hours: Day Shift
Days of Work: Monday - Friday
Travel Required: No
Salary Range:

  • Public Utilities Financial Analyst 2: $26.14/hr.-$38.38/hr.  $54,580-$80,137 annually
  • Public Utilities Financial Analyst 3: $29.92/hr.-$44.38/hr.  $62,473-$92,665 annually
  • Public Utilities Financial Analyst 4: $32.13/hr.-$47.65/hr.  $67,087-$99,493 annually

Classified Status: Classified
Bargaining Unit/Union: 214 - MN Association of Professional Employees/MAPE
Connect 700 Program Eligible: Yes

Please note prior to applying:

Applications received from this posting will be used to fill current and future vacancies in these job classes through November 30, 2022.

The Public Utilities Commission will be filling up to two (2) vacancies at either the Financial Analyst 2, Financial Analyst 3, or Financial Analyst 4 classification level based on the education and experience of the successful candidate(s). Please make certain that your resume reflects all of the required minimum qualifications and experience required in the job posting to be considered.       

This career opportunity is not available for full-time remote work. This will be a hybrid position of telework and some hours at the PUC offices in St. Paul, MN.  Relocation expenses under this position contract are reimbursable and relocation must be completed within 6 months of hire.  

Job Summary:

  • To provide technical assistance to the Commission on complex financial, accounting and other issues as assigned in general public utility rate cases.
  • To evaluate and analyze complex miscellaneous rate, tariff, and service filings by utilities.
  • To carry out miscellaneous technical projects relating to energy policy and/or rate regulation, as assigned by the financial analysis unit supervisor. 

Qualifications

To be considered, applicants must meet one of the following educational and/or work experience combinations:

Minimum Qualifications for Financial Analyst 2:

  • Bachelor's degree in Accounting or Finance or closely related field with significant coursework in Accounting. 
  • At least 2 years of relevant work experience in auditing, the analysis or preparation of accounting records or financial statements.
  • A graduate degree in Accounting, or Finance, or closely related field OR an accounting certification (such as a CPA, CMA or CIA) may be substituted for one year of work experience.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) and basic economic, statistical, and financial principles.
  • Written and oral communication skills sufficient to explain complex accounting and regulatory concepts and issues clearly and concisely.

Preferred Qualifications for Financial Analyst 2:

  • Familiarity with the electric, natural gas, telecommunications and/or water industries.
  • Familiarity with utility ratemaking and regulatory concepts and practices.
  • Basic quantitative skills.
  • Ability to conduct research and investigations and to perform analyses of regulatory accounting and financial issues and related issues such as utility cost recovery.
  • Experience conducting financial audits, evaluations or reviews.
  • Experience writing formal reports for external distribution.

Minimum Qualifications for Financial Analyst 3:

  • Bachelor’s degree in Accounting or Finance or closely related field with significant coursework in Accounting.
  • At least 2 years of work experience as a Financial Analyst 2 or equivalent, with a regulatory agency, utility or similar organization, in the analysis or preparation of public utility accounting records or financial statements.

OR

  • At least 3 years of relevant work experience in auditing or the analysis or preparation of accounting records or financial statements of companies other than public utilities.
  • A graduate degree in Accounting or Finance, or closely related field OR an accounting certification (such as a CPA, CMA, CIA) may be substituted for one year of experience.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) and basic economic, statistical, and financial principles.
  • Strong written and oral communications skills sufficient to explain complex accounting and regulatory concepts and issues clearly and concisely.

Preferred Qualifications for Financial Analyst 3:

  • Good understanding of the electric, natural gas, telecommunications and/or water industries.
  • Good understanding of utility ratemaking and regulatory concepts and practices.
  • Solid quantitative skills.
  • Solid organizational skills.
  • Experience writing formal reports for external distribution.
  • Ability to conduct research and investigations and to perform complex analysis of regulatory accounting and financial issues and related issues such as utility cost recovery.
  • Experience conducting financial audits, evaluations or reviews.

Minimum Qualifications for Financial Analyst 4:

  • Strong knowledge of Generally Accepted Accounting Principles (GAAP) and basic economic, statistical, and financial principles.
  • Strong written and oral communications skills sufficient to explain complex accounting and regulatory concepts and issues clearly and concisely.
  • Graduate degree in Accounting or Finance or a closely related field with significant coursework in Accounting AND one of the following:
  • Three years of relevant work experience involving auditing or the preparation or analysis of public utility company accounting records or financial statements; OR four years of relevant work experience involving auditing or the preparation or analysis of accounting records or financial statements for companies other than public utilities.

OR

  • Bachelor’s degree in Accounting or Finance or a closely related field with significant coursework in Accounting AND one of the following:
  • Accounting certification (e.g., CPA, CMA, CIA) and at least three years of relevant work experience involving auditing or the preparation or analysis of public utility company accounting records or financial statements; OR four years’ experience involving the preparation or analysis of public utility company accounting records or financial statements; OR five years’ experience involving the preparation or analysis of accounting records or financial statements for companies other than public utilities.

Preferred Qualifications for Financial Analyst 4:

  • Strong knowledge of regulatory policies and procedures in Minnesota and/or other state and federal jurisdictions.
  • In depth understanding of the electric, natural gas, telecommunication and/or water industries.
  • Ability to interpret statues, Commission rules and regulations.
  • Ability to explain complex accounting and regulatory concepts clearly and concisely.
  • Experience writing formal reports for external distribution.
  • Solid quantitative skills.
  • Excellent organizational skills.
  • Experience managing and conducting research and investigations and performing complex analyses related to regulatory accounting, financial evaluations and other related financial issues.
  • Experience leading teams and reviewing the work of colleagues to prepare, organize and disseminate information.

Application Details           

Why Work For Us

This public service position provides an opportunity to affect the planning, development, and implementation of energy and telecommunication services provided to Minnesotans and to further the goals of utility policy decision-makers in Minnesota. We value diversity, equity and inclusion in our workplace and serve all Minnesotans proudly.

Our differences make us stronger and leveraging them helps us create a workforce where everyone can thrive. The State of Minnesota is an equal opportunity employer. We are committed to embedding diversity, equity, inclusion, and accessibility at our workplace. We do this by developing strong leaders and advocates, increasing cultural competence and understanding among all employees, and removing institutional barriers and attitudes that prevent employees from advancing as far as their talents will take them. We prohibit discrimination and harassment of any kind based on race, color, creed, religion, national origin, sex (including pregnancy, childbirth and related medical conditions), marital status, familial status, receipt of public assistance, membership or activity in a local human rights commission, disability, genetic information, sexual orientation, gender expression, gender identity, or age.

GREAT BENEFITS PACKAGE! The State of Minnesota offers a comprehensive benefits package including low-cost medical, dental, and vision insurance, pension, employer paid life insurance, short- and long- term disability, pre-tax flexible spending accounts, retirement plan, tax-deferred compensation, generous vacation and sick leave, and 12 paid holidays each year. 

How to Apply

Please submit your resume online at www.careers.state.mn.us  or click “Apply” at the bottom of this page. Resumes sent to the Commission office or outside the state application system will not be considered. If you have questions about applying for jobs, please contact the job information line at 651-259-3637.

For additional information about the application process, go to http://www.mn.gov/careers

Contact

If you have questions about the position, contact Kay Urquhart at kay.urquhart@state.mn.us


AN EQUAL OPPORTUNITY EMPLOYER

The State of Minnesota is an equal opportunity, affirmative action, and veteran-friendly employer. We are committed to providing culturally responsive services to all Minnesotans. The State of Minnesota recognizes that a diverse workforce is essential and strongly encourages qualified women, minorities, individuals with disabilities, and veterans to apply.

We will make reasonable accommodations to all qualified applicants with disabilities. If you are an individual with a disability who needs an accommodation, please email Jennifer.trapp@state.mn.us for assistance.

About this Employer‍

The Commission’s mission is to create and maintain a regulatory environment that ensures safe, adequate and efficient utility services at fair, reasonable rates consistent with State telecommunications and energy policies.

One of the key functions of the Commission in performing this mission is to balance the private and public interests affected in each docket, and to make decisions that appropriately balance these interests in a manner "consistent with the public interest."