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Requisition ID# 157477

Job Category: Accounting / Finance

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

PG&E's Capital Recovery and Analysis team in the Controller's department is a key provider of financial analysis and support for the company's capital forecasts and budgets, as well as filings and analysis that supports the company's regulatory rate cases. The department is responsible for forecasting capital related items for the company's $110+ billion in plant assets.

This is your opportunity to join our team in an industry that is rapidly changing. You will have the opportunity to participate in developing and implementing processes and tools related to budget and financial forecasts, analyzing business results and advising partners on business/operating impacts. The team also provides testimony and supporting analysis for rate case filings and recommendations on regulatory strategy and processes, all of which contribute directly to determining the company's revenues.

Position Summary

The Capital Recovery Manager is responsible for ensuring the accuracy of forecasts associated with property, plant and equipment, and the associated depreciation, decommissioning, and revenues. This includes working on cross-functional projects to provide guidance and assistance for the preparation of capital expenditures forecasts. You will also have robust utility ratemaking and cost recovery strategy experience, in addition to having strong organizational skills, takes initiative, high enthusiasm, strong interpersonal and communication skills.

This position is hybrid, working from your remote office and Oakland, CA approximately once per week or more, depending on business need.

PG&E is providing the salary 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 salary 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. This job is also eligible to participate in PG&E's discretionary incentive compensation programs.Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.

A reasonable salary range is:

Bay Area Minimum: $126,000
Bay Area Maximum: $200,000

Responsibilities

• Manages budget of corporate items for capital related expense and revenue. Guides team through monthly variance analysis and forecasting.
• Oversees the preparation of multi-year regulatory forecasts, including testimony and workpapers.
• Witness role in ratemaking proceedings.
• Manages team responsibilities for monthly capital RRQ models for balancing accounts and separately funded projects.
• Reviews and interprets regulatory decisions and prepares implementation plans and post-decision analysis.
• Identify opportunities and leads continuous improvement efforts in capital related business processes across multiple functional groups by enhancing controls and gaining efficiencies through alignment of work streams.
• Builds and maintains relationships with key business partners to contribute to early identification of unusual or complex transactions and changes that could have potential accounting / regulatory impacts.

Supervisory Responsibilities

• Drives employee engagement (motivates, inspires, coaches, develops, evaluates performance, delivers feedback).
• Sets team goals and establishes an environment to achieve those goals.

Qualifications

Minimum:

• BA/BS in Business, Finance, Accounting, or equivalent experience
• 7 years of relevant financial analysis and forecasting, regulatory relations, and/or accounting experience

Desired:

• Advanced Excel; modeling experience
• Management experience with an ability to effectively collaborate on cross-functional teams
• Experience in hiring, developing, and mentoring a high-performing team.
• Knowledge of Utility ratemaking
• Experience as a witness in ratemaking proceedings
• Strategic planning for cost recovery in a regulated environment, preferably Utility
• Strong analytical capability, able to identify risks and resolve issues
• Basic accounting and tax understanding
• Familiarity with fixed assets, work orders and estimating systems