Financial Analyst I – II

Thank you for your interest in the BWL. We think you'll find it a rewarding and nurturing place to grow your career.

Starting Salary Range: $68,600.00 - $81,600.00

Starting Salary Range: FA I: $68,600 - $81,600 / FA II: $84,700 - $102,400 Position Summary

A Financial Analyst in the Finance & Planning department supports the company’s business units by continually providing the tools, knowledge, and thought leadership needed for consistent and effective decision making. As a valued partner and contributor in all strategic and everyday business decisions, a Financial Analyst performs supporting duties centered around cash & investment management, bond issuance & compliance, financial planning & analysis (FP&A), revenue forecasting, and rate making. This position will support activities surrounding financial reporting, tax compliance, accounting and consolidations and cash management planning efforts.

Essential Functions

The Finance & Planning department performs a wide range of duties as noted below. With guidance from others on the team and from supervision, a Financial Analyst shares in performing some of the supporting duties of the department. A Financial Analyst conducts duties primarily in a support role and may be engaged in two or more areas below.

- Cash & Investment Management

- Bond Issuance & Compliance

- Financial Planning & Analysis (FP&A)

- Revenue Forecasting

- Rate Making

- Expected to comply with all BWL policies and work rules

- Predictable and reliable attendance

- Other duties as assigned by supervisor

Required

Job Specifications:

- This position requires knowledge equivalent to that which normally would be acquired through a bachelor’s degree in Finance, Accounting or Business Administration, or equivalent combination of education and experience.

- Experience with

- Corporate budget and forecast development.

- Monthly financial reporting and variance analysis.

- Cash management, bond issuance & compliance.

- Utility rate making and revenue development.

- Business process improvement, identify and implement new ideas to day-to-day operations.

- Familiarity with accounting and financial software systems.

- Knowledge of MS Office Suite, including Power BI, Outlook, Teams, advanced Excel, and PowerPoint.

- Strong oral and written communication skills.

Preferred

- Master’s degree in finance, accounting, business administration, or related field.

- Capital Expenditure experience.

- Understanding of the business, end-markets, competitive environment, industry peer group and general economic conditions that impact the company.

- Knowledge of GAAP and GASB.

- Experience with SAP-ECC financial software and BPC budgeting software.

Additional Requirements Based On Level

FA I Starting Salary Range: $68,600 - $81,600

- This position requires a minimum of one year of professional experience in finance, accounting, or related field.

FA II Starting Salary Range: $84,700 - $102,400

- This position requires a minimum of three years of professional experience in finance, accounting, or related field.

- Knowledge of GAAP and GASB.

- Understanding of the strategy, drivers, metrics, and data elements of the company.

- Ability to apply financial and economic concepts, including financial modeling, economic analysis, cash flow (DCF), contribution margin, balance sheet analysis, financial ratios, alignment to KPIs, NPV/IRR, cost of capital, market analysis, and strategic analysis.

Physical Requirements / Working Conditions

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to remain in a stationary position for the majority of the working day. The person in this position needs to move about inside the office environment. Constantly operates a computer and other office equipment. Ability to adjust focus, especially due to concentration on a computer screen. Must communicate frequently with other departments and employees both verbally and in writing. May need to lift and carry up to 30 pounds and/or position the body to reach items on the floor/ below the knee level or reach above head. On occasion, may need to use stairs.

Must be able to work with staff who may be in a remote work setting.

Works in temperature-controlled office environment, with occasional work in outdoor weather conditions, and in industrial environments.

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position. They are not to be construed as an exhaustive list of all duties, responsibilities and skills that may be required of the employee. Management reserves the right to add, remove, or otherwise alter these duties, responsibilities, and skills at any time. Why Should You Apply?

Competitive wages, employee development, and opportunity for professional growth.

Robust time off benefits including vacation, free choice, sick leave, parental leave and 11 paid holidays.

Comprehensive benefits package offered including medical, prescription, dental, life insurance, long-term disability, employee assistance program.

Voluntary benefits including vision, supplemental and dependent life insurance, flexible spending, AFLAC options, LifeLock anti-theft, long term care, tuition reimbursement, and BWL's Home Purchase Plan – Forgivable $5,000 loan for purchase of a home in Lansing.

Retirement programs including 401(a) Defined Contribution Plan (DC) (100% company paid up to 9.5 % of base salary for BU positions and up to 13% of base salary for NBU positions), 457 Deferred Compensation matches up to $2,500 per year.

Post retirement benefits offered at the respective level of coverage, co-pays and health care premium, at the same level as active employees.

Two fitness centers located on site open 24/7, work life balance program, employee assistance program, free parking and much more!

About BWL

The Board of Water & Light serves Lansing, Michigan, and surrounding areas with electricity, water, and steam. Lansing's city charter vests the BWL with full and exclusive management of water, steam, and electric services for or the city. The American Public Power Association has honored the Lansing Board of Water & Light as one of the country's best publicly-owned utilities.

The Location:

Lansing lies at the heart of the Great Lakes State and offers all the beauty and splendor of the four seasons. A haven for swimming, boating, fishing, snowmobiling, golf, and hunting, mid-Michigan is also just a couple hours from premier skiing and one of the most beautiful freshwater lakeshores in the world on our Lake Michigan Coast. Lansing itself is only minutes and miles away from two of the nation’s premier universities, Michigan State University and the University of Michigan, and boasts miles of walking, running, biking trails, Potter Park Zoo, professional sports, the arts, and fine dining.

THE BOARD OF WATER & LIGHT IS AN EQUAL OPPORTUNITY EMPLOYER