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Senior Financial Analyst

Date: Feb 12, 2019

Location: Jackson, MI, US

Company: Consumers Energy

Join a diverse and dynamic team that makes and delivers the most valuable services in the world: electricity and natural gas.  At Consumers Energy, our customers are at the heart of everything we do.  Our employees work around the clock to provide service to our customers in honor of our history and to fulfill our promise to Michigan - Count on Us!  Consumers Energy, the principal subsidiary of CMS Energy and headquartered in Jackson, Michigan, provides natural gas and electricity to nearly 6.8 million of Michigan's 10 million residents in all 68 Lower Peninsula counties.

 

Department Summary: The Financial Analyst reports to the Director of Credit & Market Risk , who in turn reports to the Executive Director of Risk, who reports to the General Counsel.  The Market Risk group is responsible for measuring and monitoring all of the company’s price/market risks and is expected to provide insight and intelligence on financial and energy markets to a wide array of audiences including Fuel Supply, CMS Enterprises, Supply Chain, Enterprise Project Management and the C-Suite. In addition, the Market Risk group is responsible for market risk related due diligence activities on CMS Enterprises’ new business development projects.

 

Job Description/Responsibilities:   

  • Perform independent research and analysis of business/operating unit’s energy (including PPAs), capacity, and natural gas transactions.
  • Perform market risk related due diligence activities on CMS Enterprises’ new business development projects.
  • Provide advice and solutions for the CMS Enterprises’ development team and Investment Review Committee to support decision making. 
  • Work collaboratively with CMS Enterprises and Technical Accounting in developing deal structures that meet both profit and external reporting goals.  Document and explain, in layman’s terms, said deal structures for approval by Executive audiences.
  • Stay abreast of developments in financial and energy markets
  • Perform analytical, financial, and risk analysis for various internal clients (Risk Committee, and Other ad hoc projects)

 

Requirement/Qualifications:

  • Bachelor's degree in finance or related area
  • A minimum of 3+-of experience in risk management or related field

 

These skills may set you apart from the rest:

:

  • Proven quantitative and analytical work experience in finance, energy, and/or engineering fields.
  • Understanding of key risk management concepts (mark-to-market, fair value, value at risk (VaR), shortfall, stress testing, etc.)
  • Comfortable working with statistical analysis, including but not limited to central limit theorem, standard deviation, confidence intervals, probability, etc.
  • High attention to detail and comfortable working with large data sets and developing insights from disparate sources of information.
  • Curiosity and willingness to learn, apply, and advocate new ideas and concepts that challenge status quo.
  • Advanced finance degree (MBA, Masters in Finance, CFA, FRM, PRM) preferred but not required.
  • Expert user of MS Office (Excel, Word, Access) products.

 

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.  Regular attendance is expected.

 

 

 

 

 

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 individuals 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.

Position will be filled at the appropriate salary grade based upon the skills, knowledge, and experience of the selected candidate.
 
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

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