The main function of the Financial Planning Group is the preparation of the New York Power Authority (“NYPA) short-term and intermediate financial forecasts for use in establishing near-term corporate budgets and benchmarks and in developing long-term financial forecasts for strategic planning purposes. The Lead Business Planner will provide support to the Manager of Financial Planning in the coordination of group tasks to ensure accurate and timely completion of all group deliverables. The Lead Business Planner will work to ensure group adherence to procedures and deadlines, models are kept current, and the accuracy of analyzed data is vetted prior to report distribution. The incumbent will work with the Financial Planning Group to ensure the upkeep and maintenance of the Operating Forecast Excel Model and Access Reporting platform; the monthly operating forecast update; and any additional modeling requirements as requested by senior management.
In addition, the Lead Business Planner will support the Manager of Financial Planning in the successful and timely preparation of the Preliminary Four Year Budget and Financial Plan and the Final Four Year Budget and Financial Plan ; the completion and distribution of the NYPA Operating Plan booklet; the documentation of an Assumptions Package for the four-year forecast and the Long Range Financial Plan LRFP, and several filings in compliance with the Office of the State Comptroller regulations.
- Coordinate the activities and actions needed to ensure the accurate and timely completion of the monthly operating forecast update, the annual budget, the four-year forecast regulatory requirement of the Office of the State Comptroller.
- Implement modeling changes to improve accuracy and to keep pace with changing market conditions, NYPA policies and procedures, and current legislation. Test calculations and ensure accuracy of the model. Identify and implement additional reports to present data in a concise and useful fashion.
- Prepare the Annual Operating Forecast process in producing NYPA’s net income and cash-flow projections. This includes collecting and analyzing the data, updating the financial model, analyzing the results and preparing the reports and presentations. This forecast provides the basis for the following year’s budget.
- Interface with personnel from other business units and departments to ensure the flow and quality of financial data is sufficient to support their work activities and needs including but not limited to providing the Accounting Department with required forecast information for the Chief Financial Officer’s report to the Trustees; Energy Resource Management (“ERM”) with up-to-date operating forecast information they need to aid ERM’s customer hedging activities; the Enterprise Risk Assessment & Control (ERAC) group to ensure that Operating Forecast data and LRFP data is meeting both energy risk assessment reporting needs and enterprise-wide risk assessment needs; and .the Treasury Group to ensure that OF/LRFP investment income and debt service data is received in a scheduled and timely manner and that Treasury Group is receiving cash flow and net income estimates needed for its reporting needs.
- Perform various cost-benefit and life-cycle economic analyses of NYPA’s various facilities and any other special/ advanced analyses as directed by senior management.
- In the short-term absence of VP – Financial Planning & Budgets and Manager of Financial Planning, oversee activities of staff to ensure continuity of operations.
- Assist in coordinating the Preliminary and Final Four Year Budget and Financial Plan for NYS Comptroller’s Office to satisfy reporting requirements and regulations. This includes the preparation of the Preliminary Assumptions document, the Final Assumptions document and the NYPA Operating Plan book.
- Prepare the 2801 three year cash flow report that is provided to the Governor’s Office, the State Senate and Assembly and the Office of the State Comptroller.
- Assist Manager in the coordination of the Financial Planning group’s work assignments and as requested by the Manager of Financial Planning, guide group efforts to ensure successful completion of deliverables.
- In-depth knowledge of economics, finance, accounting, the electric industry and NYISO market required.
- Excellent analytical skills required, including statistical and quantitative analysis and the use of spreadsheets and databases to develop past and future financial trends. Ability to analyze financial, marketing and operational data and make recommendations to establish strategic benchmarks and goals.
- Excellent knowledge of Microsoft Office (Excel, Access, Power Point, Outlook) required. Knowledge of SAP preferred.
- Proactive approach to identify opportunities to improve efficiency of work processes and computer model systems. Willingness to research and learn new areas as the business needs change.
- Ability to organize and prioritize job assignments, and coordinate with the manager and work in unison with other group members.
- Excellent oral and written communication skills. Ability to clearly explain and present concepts in multiple areas of expertise to peers and management.
- Knowledge of one or more of the following areas required: marketing plans, budget process, rate design, contract interpretations, investment / cash management policies and procedures, accounting policy, or plant operations.
- Understanding of utility regulations, Public Service Commission (PSC) policies and rulings, and FERC policy preferred.
- Understanding of oil & gas markets, wholesale power market, hedging structures and instruments required. Knowledge of financial and bond markets preferred.
- Ability to anticipate problems/issues and share them with others as appropriate.
- Strong interpersonal skills. Ability to work comfortably with all levels and all areas of the organization is required.
- Ability to assist others in achievement of group goals and foster an environment of cooperation among group members.
- Bachelor’s degree in Finance, Business, Economics, Mathematics or related discipline required.
- Graduate level degree in a relevant discipline is preferred.
- Minimum 10 years of utility or energy industry experience with strong understanding of corporate finance and governmental regulations and requirements.
The New York Power Authority (NYPA) is the nation’s largest state power organization, operating 17 generating facilities and more than...