Finance

Utility Finance Analyst

Looking to hire your next Utility Finance Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti is revolutionizing remote staffing by prioritizing time zone alignment. We connect US-based SMBs, startups, and firms with Latin American professionals who work synchronously with US schedules. This approach ensures that businesses can maintain their usual workflows, conduct real-time meetings, and collaborate effectively without the typical challenges of working across disparate time zones.

Description

A Utility Finance Analyst plays a critical role within the financial department, focusing on the utility segment of a business. This position involves analyzing financial data, preparing detailed financial reports, and ensuring accuracy in budgeting and forecasting for utility projects. The analyst works closely with other finance professionals as well as operational teams to provide key insights and support decision-making. Their expertise helps optimize the financial performance, manage risks, and ensure regulatory compliance, contributing directly to the efficient management of resources and financial health of the organization.

Requirements

- Bachelor’s degree in Finance, Accounting, Economics, or a related field
- 3+ years of experience in a financial analysis role, preferably within the utility or energy sector
- Strong analytical skills and attention to detail
- Proficiency in financial modeling and forecasting techniques
- Advanced knowledge of Microsoft Excel and other financial analysis software
- Experience with financial reporting and variance analysis
- Familiarity with utility billing and reconciliation processes
- Knowledge of financial regulations and compliance standards relevant to utility finance
- Excellent communication and presentation skills
- Ability to collaborate effectively with cross-functional teams
- Strong problem-solving abilities
- Time management skills and ability to handle multiple projects simultaneously
- Experience with financial systems and ERP software
- Knowledge of industry trends and regulatory changes affecting utility costs
- Experience in contract negotiation with utility providers
- Strong organizational skills and ability to manage large datasets
- Ability to train and mentor junior analysts
- CPA or CMA certification is a plus
- Ability to perform cost-benefit analyses and financial evaluations
- Willingness to adapt to new financial tools and systems
- Experience in supporting internal audits and external reviews
- Ability to provide strategic financial insights for planning efforts

Responsabilities

- Analyze financial data related to utility services, including electricity, water, and gas
- Prepare detailed financial reports and forecasts for utility expenses and revenues
- Monitor and evaluate utility usage patterns and identify cost-saving opportunities
- Collaborate with utility service providers to reconcile billing discrepancies
- Conduct variance analysis between actual and budgeted financial figures
- Assist in the preparation of the annual budget for utility services
- Provide financial support and analysis for utility-related projects and initiatives
- Develop and maintain financial models to project utility costs and consumption
- Perform cost-benefit analyses for utility investments and energy-saving projects
- Track and report on utility consumption and cost trends
- Prepare and present financial findings and recommendations to senior management
- Ensure compliance with relevant financial regulations and utility policies
- Review and approve utility invoices for payment
- Participate in cross-functional meetings to provide financial insights on utility matters
- Support internal audits and external reviews related to utility finance
- Maintain up-to-date knowledge of industry trends and regulatory changes affecting utility costs
- Assist in contract negotiations with utility providers to secure favorable rates
- Evaluate and implement new financial systems and tools to improve utility expense tracking
- Train and mentor junior analysts on utility finance processes and best practices
- Address ad hoc financial data requests and provide insights for strategic planning efforts

Ideal Candidate

The ideal candidate for the Utility Finance Analyst role will possess a Bachelor’s degree in Finance, Accounting, Economics, or a related field, supplemented by over three years of experience in financial analysis, preferably within the utility or energy sector. They must exhibit exceptional analytical and critical thinking skills with a meticulous attention to detail, coupled with advanced proficiency in financial modeling, forecasting techniques, and Microsoft Excel. A deep understanding of utility billing, reconciliation processes, financial regulations, and compliance standards is essential. The candidate will be adept in financial reporting, variance analysis, cost-benefit evaluations, and managing large datasets with acuity. Strong problem-solving abilities, effective communication and presentation skills, and a team-oriented mindset are paramount, as is the capacity to collaborate across functions and mentor junior analysts. Demonstrated experience in contract negotiation, financial systems, ERP software, and supporting internal and external audits will be crucial. Personal attributes include a proactive and self-motivated attitude, resilience under pressure, exceptional time management skills, and a commitment to continuous professional development. The candidate will be a strategic thinker, adept at identifying cost-saving opportunities, and possess high integrity and professionalism, ensuring compliance with ethical standards. An innovative approach, strong negotiation skills, and the ability to adapt to new financial tools and technologies will set the candidate apart, making them an invaluable asset to the team.

On a typical day, you will...

- Analyze financial data related to utility services, including electricity, water, and gas
- Prepare detailed financial reports and forecasts for utility expenses and revenues
- Monitor and evaluate utility usage patterns and identify cost-saving opportunities
- Collaborate with utility service providers to reconcile billing discrepancies
- Conduct variance analysis between actual and budgeted financial figures
- Assist in the preparation of the annual budget for utility services
- Provide financial support and analysis for utility-related projects and initiatives
- Develop and maintain financial models to project utility costs and consumption
- Perform cost-benefit analyses for utility investments and energy-saving projects
- Track and report on utility consumption and cost trends
- Prepare and present financial findings and recommendations to senior management
- Ensure compliance with relevant financial regulations and utility policies
- Review and approve utility invoices for payment
- Participate in cross-functional meetings to provide financial insights on utility matters
- Support internal audits and external reviews related to utility finance
- Maintain up-to-date knowledge of industry trends and regulatory changes affecting utility costs
- Assist in contract negotiations with utility providers to secure favorable rates
- Evaluate and implement new financial systems and tools to improve utility expense tracking
- Train and mentor junior analysts on utility finance processes and best practices
- Address ad hoc financial data requests and provide insights for strategic planning efforts

What we are looking for

- Strong analytical and critical thinking skills
- High attention to detail and accuracy
- Proactive and self-motivated
- Effective communication and presentation abilities
- Collaborative and team-oriented mindset
- Strong problem-solving capabilities
- Excellent time management and ability to prioritize tasks
- Adaptable and open to learning new tools and technologies
- Integrity and adherence to compliance and ethical standards
- Strong organizational skills for managing large datasets
- Ability to provide clear strategic insights
- Strong mentorship and training abilities
- Resilience under pressure and ability to handle multiple projects simultaneously
- Commitment to continuous improvement and professional development
- Strong negotiation skills
- Ability to work independently with minimal supervision
- Innovative thinker with a focus on identifying cost-saving opportunities
- High degree of professionalism and reliability
- Passion for staying updated with industry trends and regulatory changes

What you can expect (benefits)

- Competitive salary range of $70,000 - $100,000, depending on experience
- Comprehensive health, dental, and vision insurance
- 401(k) plan with company matching
- Paid time off (PTO) and holidays
- Flexible work schedule and remote work opportunities
- Professional development and continuing education support
- Tuition reimbursement program
- Employee wellness programs
- Life insurance and disability coverage
- Performance-based bonuses and incentives
- Employee assistance program (EAP)
- On-site fitness center or gym membership reimbursement
- Commuter benefits and transportation allowances
- Opportunities for career advancement and internal promotions
- Access to industry conferences and networking events
- Collaborative and inclusive work environment
- Company-sponsored volunteer and community service activities
- Regular team-building and social events
- Mentorship and training programs
- Subsidized childcare services
- Technology and software upgrade reimbursements
- Recognition and reward programs for outstanding performance

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