Budget Analyst II, III or Sr.

- 13361

- LG&E and KU Services Company

- Broadway Office Complex-1

- Louisville, Kentucky

- Accounting/Finance

- Full-Time

Job Description

Company Summary Statement

Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.

Overview

This position is responsible for being an operational partner for the LKE Electric Distribution teams including operational services to accomplish budgeting, forecasting and reporting. Supports the planning and decision-making process of senior management with operational and variance reporting – both consolidated and by utility for LG&E and KU. This position provides critical support for rate case activities when filing with the Kentucky Public Service Commission (three cases at a time: LG&E Electric, LG&E Gas and KU Electric) and with the Virginia Commission for KU – ODP.

This position will be filled at the appropriate level according to the successful candidate's level of education and experience.

This position is a hybrid position located in Louisville, KY.

#LG&EKU

#INDLGE

Responsibilities

- All responsibilities listed are for LG&E, KU and LG&E and KU Services Company.

- Assists in or coordinates the development of the annual operating plan for the respective business line division, including business goals, objectives and metrics.

- Assists in or coordinates the development and/or coordination necessary to provide correct and timely response to annual operating plan and budget requirements. This includes, but is not limited to, financial target dissemination among functions/departments, full utilization of labor resources, identification of support function labor requirements, non-labor/programmatic O&M and budget summary Powerpoint presentations.

- Responsible for assigned or business-initiated aspects of the planning and budgeting function, including business case support/development and justification of requested capital projects (Investment Proposals, Capital Evaluation Models (CEMs), Business Case Summaries, Authorization for Investment Proposals (AIPs)).

- Initiates analysis of cost data, locates sources of major variances and requests explanation from appropriate functions/departments.

- Assists in development of financial recovery plans if budget deviations dictate action and ensures proper communication to department, function and financial staff.

- Analyzes information on actual vs. budget performance and other factors of the department or division and performs budgetary, financial, and statistical analyses.

- Responsible for various aspects of rate case support, including but not limited to, testimony support, proforma adjustments, filing requirements and data request responses.

- Performs day-to day accounting and budgeting functions, including project/work order maintenance, project/task setup, journal entries, expense coding error corrections and preparation of reports.

- Reviews all assigned tasks to assure efficiency and cost effectiveness on a regular basis.

- Identifies opportunities for improvement.

- Performs varied budgetary and/or financial calculations and estimations for management, other departments, auditors, and governmental agencies.

- Tracks capital and O&M project spending.

- Uploads annual budget data into Powerplan and makes modifications each month throughout the year to the forecast.

- Utilizes the computer systems to input, retrieve, and display budget information. Demonstrates ability to use standard reports where applicable or, if necessary, possess sufficient financial system skills to create specific ad-hoc reports. Suggests system improvements.

- Maintains a working knowledge of the Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) Classification of Accounts.

- Uphold good interpersonal skills for continuous interaction with all levels of management and administrative staff.

- All other duties and projects as assigned.

Qualifications

Required Education

Bachelor's degee in accounting, finance, management, economics, marketing or related field. A minimum of two years experience is required.

Preferred Qualifications

Advanced degree or CPA certification and/or knowledge of PowerPlan.