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People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.
We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Indexfor the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.
Do you have a passion for Creating and Analyzing Monthly, Quarterly, and Annual Reports and Ensuring Financial Information has been recorded accurately? Then this role is for you! American Water has a Full-Time opening for a Senior Financial Analyst! Apply now for immediate consideration to become the newest member of the American Water Family!
Primary Role
This is an intermediate and growing level of the job family where employees are assigned responsibility for performing moderately complex work solving a wider range of standard and non standard problems and to continue to build their skills in gathering and analyzing data concerning public utilities, and in reviewing utility applications. In this role they work under moderate to minimal supervision and may independently handle presentations at public meetings, preparing exhibits and testimony, and may be called upon to provide expert testimony in routine cases, or to research a portion of a case and testify to the findings.
Certifications and Licenses
- Active State Driver's License required with the ability to pass a motor vehicle report.
Key Accountabilities
- Research, monitor and track financial compliance & reporting requirements ensuring complete and full understanding and adherence of filing deadlines and submission requirements; serves as key contact to internal and external colleagues regarding questions, verifications and follow-up.
- Develop integrated revenue/expense analyses, projections, reports, cost allocations and presentations.
- Create and analyzes monthly, quarterly, and annual reports and ensure financial information has been recorded accurately and completely.
- Identify trends and developments in competitive environments; develop & deliver financial presentations as requested.
- Perform financial forecasting, financial modeling and trend analysis.
- Drive “financial best practice” by assessing and measuring the on-going effectiveness of existing business applications and technologies, e.g. SharePoint; build and develop financial process improvements.
- Partner and liaise with internal and external colleges and functions to collect the individual pieces of data and information required by required filings and/or reports.
- Assist in the formulation of corporate policies and procedures and compliance with such policies and procedures.
- Complete special financial studies, e.g. cost of service studies, return on equity, capital structure, depreciation, service company costs and lead/lag.
- Support the execution of key financial targets and metrics through the development and implementation of proactive dashboards, measurements and variance analyses.
- Assist and/or Lead in the creation of complex spreadsheets, supporting analysis of revenues, trends, declining usage, and all other analytics supporting revenue process.
- Work with regional finance teams, operational representatives and accounting to deliver effective analysis of results (plan, forecast and actuals).
- Analyze integrated financial statement results, review financial/operational metrics, prepare key performance variance analysis and explanations, and assist in leading the budgetary process.
- Prepare financial updates, including relevant analyses versus prior periods and providing forecasts/budgets, examining associated risk/opportunities.
- Support merger and acquisition activities with sophisticated financial analysis and modeling, market and target company research, due diligence, and coordination of activities with internal and external colleagues.
- Provide financial support and analysis for business development and strategic planning activities such as partnerships, strategic alliances, joint ventures, reengineering projects and divestitures.
- Perform cost/benefit analysis for projects and departments, develop graphs, reports, dashboards, routine and ad hoc reports and present reports and project results to management.
- Expedite reporting processes and analysis by combining and analyzing data from disparate systems and processes and interpreting trends and patterns in financial data sets.
- Work with internal stake holders, report requestors, and management to solidify requirements, discuss interpretation of reports, provide feedback, and propose actions for improvement.
- Collaborate with other business areas to develop and maintain financial planning activities including departmental budgets, staffing models, and pricing models.
- Make recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies.
- Recommend establishment of new or modified reporting methods and procedures to improve report content and completeness of information; identify trends and recommends business improvements.
Knowledge/Skills
- Economic principles relating to utility rates and cost analysis.
- Accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accounting practices.
- Methodologies and practices of data collection, research methodologies and of statistical and cost analysis.
- Business report writing, preparation and delivery of presentations including oral testimony.
- Audit, review and analysis of business and financial records.
- Execution and analysis using company business technologies and computer simulation programs.
- Microsoft Office Suite (MS Word, PowerPoint,Excel) with particular expertise in Microsoft Excel Advanced.
- Must have the ability to review data and make appropriate decisions regarding public utility operations and to project future costs.
- Direct knowledge and experience in the process of preparing and filing rate cases, including all related and supporting activities.
- Direct knowledge and experience of the revenue aspect of rate case preparation.
- Fully understands complex regulatory accounting.
- Work directly with commission staff and prepare written and oral testimony in the area of revenues.
- Ability to identify the need for and develop new financial analysis requirements and models.
- Knowledge/Experience of ERP and CIS Systems (preferable integrated platform).
Experience/Education
- Bachelor's degree(required) in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience, or equivalent combination of undergraduate education and work experience that provides the knowledge and exposure to the financial analysis of utility rates, expenses, revenues and services and exposure to the fundamental theories, principles and concepts of the field.
- Master's Degree or CPA preferred.
- Seven to nine years of pertinent financial experience including specific experience in the regulated water/wastewater industry.
Travel Requirements
Other
- This is the fully seasoned level of the job family where employees are assigned independent responsibility for gathering and analyzing data concerning public utilities and reviewing utility applications and leading less experience colleagues.
- This includes project management, facilitating public meetings, preparing exhibits and testimony, and serving as an expert witness.
- Hybrid work schedule.
Competencies
Champions safety
Collaborates
Cultivates innovation
Customer obsessed
Drives Results
Nimble learning
Join American Water...We Keep Life Flowing™
American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.
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