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Financial Analyst

Date: Sep 30, 2021

Location: JACKSON, MI, US

Company: Consumers Energy

Join the diverse and dynamic team that powers Michigan's largest energy provider and one of the nation's largest gas and electric combination utilities.  Consumers Energy services 6.7 million of Michigan's 10 million residents - caring for our friends and neighbors in all 68 Lower Peninsula counties.  We embrace a cleaner and leaner utility vision focused on eliminating energy waste and adding renewable energy from sources such as wind and solar.

At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.

 

This Analyst will support the development of the Company’s monthly forecast, annual budgeting process, 5 year Business Plan workstreams. This Analyst will leverage their utility and energy sector expertise and Finance acumen to provide financial and strategic insights to both the CFO and senior management team regarding analysis of operating plan variances, emergent strategic programs and other related work. This Analyst will also be expected to become a subject matter expert in operating and managing the FP&A team’s forecast software module, Utilities International (UI). Specific areas of expertise necessary include complete management income statement forecasting, gross margin analysis (rate relief, weather/non-weather impacts, surcharges, etc.), customer rate/bill impacts, Parent financing considerations (liquidity needs, debt/equity issuances, credit metric impacts, etc.). Key functions include:

  • Learn and understand the utility business model and how it contributes to the company’s strategic goals
  • Expertise, efficiency and accuracy in MS Excel, including best practices in modeling
  • Develop financial models to support strategic initiatives and analyze complex financial information
  • Become a system expert with the tools utilized by the department. This includes potentially helping implement and updated business intelligence tool and dashboard reports (UI)
  • Monitor and analyze trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures related to the company’s main Utility business
  • Monthly and quarterly financial reporting including Ad-Hoc reporting and analysis
  • Provide accurate and timely financial recommendations to management for decision making purposes
  • Champion of all the CMS culture values which are Caring, Empowered, Deliberate, Agility, and Ownership

The Analyst is expected to make decisions independently on financial reporting, system analysis,  problem solving and eliminating waste from existing processes. This Analyst will represent the department to address strategic projects, system issues and other financial company needs.  Strong analytical skills are needed to identify trends to help ensure we are on track to achieve our financial goals.  

 Required Qualifications:     

  • Bachelor’s in Business/Finance/Accounting or equivalent experience 
  • 3+ years of work experience

 

Preferred Qualifications:

  • MBA degree with Finance focus
  • 3+ years of work experience in energy sector
  • Demonstrated mastery of Excel modeling
  • Excellent communication skills
  • Viewed as a subject matter expert

 

 

Overview

The Financial Analyst Job Family is utilized primarily in the Finance department.  Performing all of the Financial functions for the Company including but not limited to: analyzing financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions, assemble spreadsheets and draw charts and graphs used to illustrate technical reports, evaluate and compare the relative quality of various securities, interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences.

Nature of Work

At the lowest level in this job family, the work performed may tend to be of a routine and less complex nature where the work responsibilities can be proficiently performed after a relatively short training period.

 

At the highest levels in this job family the work performed will tend to be of a complex nature involving knowledge of various functional/specialized disciplines where the work responsibilities can only be proficiently performed after a relatively long training / experience-related time period and often requires an advanced degree.  The work environment often includes dealing with risk and limiting exposure.

 

Leadership, management, facilitation and interaction with senior management will be markedly increased at the mid - highest levels of this job family while the need for direction and supervision will be markedly decreased.  While problem solving and analysis will likely be required at all levels, recommendation and implementation becomes the norm at the highest levels and will often have a major bearing on the company’s business.  In addition, skills such as the ability to think on your feet, composure under fire and effective communication across all levels of the organization and with outside stakeholders become more finely honed at the higher levels. 

 

Essential Functions

 

Conducts a variety of financial and risk analyses, financial studies, investigations, and operation studies; performs cost allocations; develops and maintains financial models; reviews and evaluates work products, methods, and procedures; conducts financial & statistical research; performs analysis of statistical data; recommends and implements modifications for improvement to programs, policies, and procedures as appropriate.  Collects, compiles, and analyzes information from various sources on a variety of topics, including complex financial, analytical, budget or administrative issues; monitors and evaluates the efficiencies and effectiveness of basic financial operations.  Participates in the development of the annual budget; monitors revenues and expenses for assigned sections; directs the forecast of additional funds needed for staff, equipment, materials, and supplies; implements adjustments as necessary.  Prepares executive level reports, presentations, summaries, and correspondence; creates comprehensive technical records and reports; Prepares staff reports for presentation to the Board of Directors; Performs cost benefit evaluations of proposed capital and operating budget items; develops capital funding strategies; makes determinations related to the overall benefit of the proposal and alternatives; implements policies and procedures accordingly; Monitors and reports budget variances; provides ad-hoc reports; ensures a high level of accountability on all projects; evaluates budgetary changes; maintains debt compliances with bond indentures, contracts & agreements; Develops long-range financial planning and revenue requirements; conducts various feasibility and cost studies; forecasts the impacts of potential future events; provides responsible, accurate, and thorough technical and administrative project support to Finance Management; operates variety of office equipment.  Observes safe work practices and safety methods; performs other duties as assigned.

 

 

 

 

 

Hours and Travel

 

Travel required to attend off-site business meetings, training sessions and travel between company locations.  Meet travel requirements of the position.  Work a flexible schedule, which may include evenings, weekends, holidays and overtime.

 

Physical Demands

 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable Analysts with disabilities to perform the essential functions.  While performing the duties of this job, the employee is regularly required to sit; stand; walk; and stoop, kneel, crouch, or crawl; use hands to finger, handle, or feel objects. The employee frequently is required to talk or hear.   The employee must lift and move up to twenty pounds. Specific vision abilities required by this job include close vision, color vision, depth perception, and the ability to adjust focus.  The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.

 

 

 

 

 

 

 

 
All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, sexual orientation, gender identity or national origin.


Nearest Major Market: Jackson Michigan
Nearest Secondary Market: Ann Arbor

Job Segment: Financial, Tax, Equity, Outside Sales, Financial Analyst, Finance, Sales