Manager - Electric Distribution & Customer Service Budgeting

- 13351

- 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 is a Hybrid position located in Louisville, KY

This position manages the financial activities of all Electric Distribution and Customer Services for LG&E, KU, LG&E and KU Services and LKE consolidated reporting for the entities noted. Responsibilities include being an operational partner for the LKE Electric Distribution and LKE Customer Service Vice-Presidents including operational services to accomplish budgeting and forecasting. Support 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 manager position is critical in providing 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.

Responsibilities

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

- Plan and manage the capital and O&M multi-year budget and monthly forecasts for the Electric Distribution and Customer Services areas.

- Working with Vice-Presidents and management teams, coordinate the development of departmental and business line divisional goals, objectives, and operating budgets and forecasts for the lines of business noted.

- Compile, maintain, and analyze the budgetary and financial data of the business line division or departments within; coordinate the performance of budgetary and statistical analyses.

- Provide rate case filing schedules and support for LG&E and KU’s various regulatory jurisdictions. Additionally, provide support for data requests and testimony related to capital and O&M of supported lines of business.

- Prepare monthly financial statements with actuals versus budget and forecast for the operational VPs. Work as a business partner with line of business management by attending staff and other meetings to understand projects costs and benchmarking analysis. Prepare updated monthly forecasts capturing material changes as the year progresses.

- Responsible for the charging of storm activities including O&M/Capital split, along with the regulatory assets associated with large storms. Additional ownership of the accounting for the storms, working with the Rates department to file the regulatory asset with the KPSC for both LG&E and KU and the follow up pursuit of cost recovery with data requests.

- Manage the budget/forecast for the Kentucky Demand Side Management (DSM) programs, along with providing information for the annual regulatory filing of the accounting true-up with the commission.

- Support TMO/cost cutting initiatives as requested by initiative owners. Continue to assist line of business management on quest to operate as efficiently as possible and to strive for top quartile performance.

- Review documentation for the Capital and O&M RAC committees and assist line of business management in preparing investment papers and cost evaluation models to support capital projects.

- Utilize Oracle and PowerPlan in preparing budget vs. actual analyses and forecast performance for business lines by Company.

- Record PPL Services intercompany charges impacting Electric Distribution and Customer Services and investigate charges and allocations that are questionable.

- Responsible for the Fleet budget including the assignment of vehicles to employees and the allocation of the expenses to capital versus O&M based on the labor of the person driving the vehicle. Includes the transition to electric vehicles and the cost change model associated with the transition.

- Develop the labor budget and monthly forecast for all lines of business supported for LG&E, KU and LG&E and KU Services including the labor allocated to capital projects, labor allocated to local engineering and labor allocated to O&M.

- Responsible for recording manual accruals for lines of business noted during the accounting close.

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

- Identify opportunities for improvement, including reviewing assigned tasks to ensure efficiency and cost effectiveness.

- Provide effective consultation, analysis, and support to management, other departments, auditors, and governmental agencies.

- Develop staff to maximize their potential within PPL.

- Performs other duties as assigned by the Director of Financial Planning & Budgeting.

Qualifications

Basic Qualifications

Bachelor's degree in accounting, finance, management, economics, marketing, or related field.

7 years of progressive responsibility in the areas of financial forecasting, budgeting, accounting, tax, or treasury

Preferred Qualifications

Advanced degree

CGMA or CPA certification

Knowledge of PowerPlan