Finance Associate Rotational Development Program

Requisition ID # 160863  Job Category: Engineering / Science  Job Level: Individual Contributor Business Unit: Finance Work Type: Hybrid Job Location: Oakland Department Overview Finance is a dynamic organization comprised of diverse individuals and teams including Audit and Risk, Controller, Corporate Development and Economic & Project Analytics, Finance and Planning, Investor Relations, and Treasury teams. Together, we are unlocking value for our customers and investors. The Finance Associate Rotational Development Program offers recent graduates the opportunity to gain hands-on experience across various departments within the finance and accounting functions of a major public utility. Designed to develop talent, this program provides a solid foundation in the unique challenges and opportunities in the utility industry while fostering growth in essential finance and accounting skills. The program will provide the Associate an opportunity to gain meaningful training and experience over a two-year period. This includes four 6-month rotations providing foundational knowledge in areas such as: Business Finance and Planning (BF&P/FP&A) Assist in preparation of budgeting, forecasting and financial analysis; conduct variance analysis between actual/budgeted performance Assist in Regulatory/Audit support across various Regulatory filings and Audit support (as needed) Controllers Organization Assist with preparation of financial statements, month-end close processes; ensure compliance with regulations governing public utilities; support rate case proceedings and cost recovery filings Treasury / Internal Audit/ Sarbanes Oxley Support cash flow forecasting, liquidity management, and capital planning activities; assist in managing financial risks, investments and debt portfolios Participate in internal audits, identifying risks and ensuring the accuracy of operational reporting Corporate Development / Investor Relations / Enterprise Financial Risk Management Assist in building, maintaining, and utilizing models that can improve our ability to analyze the strategic and financial questions facing the company Assist in communicating the company's accomplishments and financial outlook to the external investor community Help with assessing market, credit and liquidity risk of financial and physical procurement and hedging activities related to natural gas, electric, and environmental products and services. PG&E is providing the hourly rate range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual hourly rate paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity.  The hourly rate for a bachelor's degree is $38.72. Job Responsibilities Accounting and Reporting : Prepare various schedules for monthly financial closing process for submission to various internal clients. Month-end Close process includes monthly close coordination; preparation and recording of accounting transactions to the general ledger in accordance with GAAP and Regulatory accounting. Maintain proper internal controls and review of all areas of responsibility to determine compliance with accounting policies. Forecasting & Analysis : Facilitate and support business partner preparations for key project reviews with Management, Executive Project Committee, and Senior Utility Leadership as needed. This includes preparing schedules and required documents such as: business cases; job estimates; Capital vs. Expense analysis; net present value analysis; project health status profiles; annual budget requests; contingency requests; and project plan prioritizations. Assist with monthly account reconciliations and related variance analysis to ensure meaningful variance explanations. Analyze costs to provide explanations of significant monthly variances with emphasis on identifying root cause(s) and appropriate corrective actions. Preparing schedules and required documents such as business cases; job estimates; Capital vs. Expense analysis; project health status profiles; annual budget requests; contingency requests; and project plan prioritizations. Additional responsibilities include coordinating three-year spending, 5-year capital, and monthly forecasts. Collaborate with team members to maintain the ongoing development and compliance with departmental policies and procedures. Facilitate and support business partner preparations for key project reviews with Management, Executive Project Committee (EPC), and Senior Utility Leadership as needed Meet with business partners (executive level through project manager) to review costs, discuss variances, and proposed actions. Track productivity and cost performance and work with business partners on performance improvement plans. Manage linkages between SAP cost records and client operational systems. Reconcile and understand relationships between SAP and client offline project management systems. Assist in process improvements and the development of financial reporting tools and disclosures. At the end of their rotations, the Associate will be eligible to apply for a regular status position on one of the participating teams. Each Associate's regular status role and responsibility will depend on his/her experience, interests, performance during the program, and company needs. Qualifications Minimum: Qualified candidates will graduate with a Bachelor's degree in Accounting, Finance Business Administration or related discipline from June 2024 - June 2025 Desired: At least 1 year of job-related experience Relevant professional experience Excellent communication and interpersonal skills Demonstrated knowledge of Microsoft Excel and Microsoft Word Intention to seek C.P.A. license Demonstrated knowledge of SAP R3, Excel, Word and PowerPoint           Demonstrated knowledge of the utility industry Demonstrated knowledge of SAP demonstrated experience having successful interactions at various organizational levels (including peers, managers, directors and officers) Sound understanding of accrual accounting and GAAP PG&E is unable to provide VISA sponsorship to students on an F-1, J-1 or other student visa for this position.

Created: 2024-11-05