Controller's Organization Rotation Program, Associate Analyst
Department Overview
PG&E’s Controller’s Organization provides Budgeting, Forecasting, Accounting, Reporting, and Tax services. It is responsible for developing processes, systems, and controls over critical finance functions. All of these services are critical to a company with over $60 billion in assets and over $15 billion in annual revenues.
The Controller’s Organization Rotational Program provides a great place for energized and talented employees to ignite their career, make a contribution, and be recognized. The work of associates will be focused on the following areas:
Corporate & Asset Accounting: The Corporate Accounting team is responsible for the timely and accurate recording and reporting of financial results in accordance with GAAP and SEC requirements. The Asset Accounting team oversees the company’s fixed asset accounting and plays a critical role in ensuring the company recovers costs associated with its long-term investments. The work of these teams is key to the company’s success and provides challenges and variety including analysis and application of appropriate accounting and disclosure requirements under US Generally Accepted Accounting Principles (GAAP), California and Federal Regulatory Commission orders, and SEC regulations.
Financial Forecasting and Analysis: This team delivers enterprise-level forecasting and analysis that provides business insight, drives informed decision making, and establishes expectations for near and long-term performance. The team develops the company’s annual earnings target and multi-year financial outlook, analyzes and reports on monthly financial results in comparison to budget, and advises the treasury department regarding near-term and long-term financing needs.
Position Summary
This position within the Controller’s Organization Rotational Program will commence in August 2023 and will provide the Associate an opportunity to gain meaningful training and experience over a two-year period.
Each Associate can expect to work on 3 different teams within the Corporate Accounting, Asset Accounting, and Financial Forecasting and Analysis during the program. At the end of their rotation(s), the Associate will be able to apply for a permanent position on one of the teams participating in the program. Each Associate’s permanent role and responsibility will depend on his/her experience, interests, performance during the program, and company needs.
Job Responsibilities
Accounting and Reporting: Prepare various schedules for monthly financial closing process for submission to various internal clients. Month end closing process includes monthly close coordination; preparation and recording of accounting transactions to the general ledger in accordance with GAAP and Regulatory accounting. Maintain proper internal controls and review of all areas of responsibility to determine compliance with accounting policies. Assist with monthly account reconciliations and related variance analysis to ensure meaningful variance explanations. Collaborate with team members to maintain the ongoing development and compliance with departmental policies and procedures. Assist in process improvements and the development of financial reporting tools and disclosures.
Forecasting & Analysis: Facilitate and support business partner preparations for key project reviews with Management, Executive Project Committee, and Senior Utility Leadership as needed. This includes preparing schedules and required documents such as: business cases; job estimates; Capital vs. Expense analysis; net present value analysis; project health status profiles; annual budget requests; contingency requests; and project plan prioritizations. Additional responsibilities include coordinating three-year spending, 5 year capital, and monthly forecasts.
Qualifications
Minimum:
- Qualified candidates will have received or be receiving a Bachelor’s or Master’s degree in Accounting, Business, Finance or related discipline graduating or graduated Winter 2022 or Spring 2023
- Minimum cumulative and major GPA of 3.0
Desired:
- Relevant professional experience
- Excellent communication and interpersonal skills
- Demonstrated knowledge of Microsoft Excel and Microsoft Word
- Intention to seek C.P.A. license
Pacific Gas and Electric Company is an AA/EEO employer that actively pursues and hires a diverse workforce.