Review Vacancy
AgencyPublic Service, Department of
TitleUtility Financial Analyst Trainee*, NS, or Senior Utility Financial Analyst (NYHELPS)
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
Salary RangeFrom $50678 to $80248 Annually
Minimum Qualifications No exam is required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS***) Program. Applicants must meet the NON-COMPETITIVE MINIMUM QUALIFICATIONS listed below to qualify for this title.
NON-COMPETITIVE MINIMUM QUALIFICATIONS
All candidates for Utility Financial Analyst Trainee must possess a bachelor’s degree or higher including or supplemented by 9 semester credit hours in finance and an additional 9 semester credit hours in finance, economics, and/or accounting.
In order to be appointed as a Senior Utility Financial Analyst, Grade 18, one must meet the following qualifications:
Either 1. A bachelor's degree including or supplemented by 9 semester credit hours in finance and an additional 9 semester credit hours in finance, economics, and/or accounting AND two years of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital; OR
2. A master’s or higher degree including or supplemented by 9 semester credit hours in finance and an additional 9 semester credit hours in finance, economics, and/or accounting AND one year of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital.
Interested candidates should submit a resume and an unofficial copy of their transcripts to demonstrate how they meet the minimum qualifications when applying.
55b/c CANDIDATES:
Candidates who are currently eligible, who meet the qualifications listed in the Non-Competitive section above are encouraged to apply. If interested in this position and applying using your 55-b/c status, please provide a copy of your current 55-b/c eligibility letter.
PCO Candidates:
Individuals meeting the minimum qualifications who achieved any score for this title on the most recent holding of the PCO Examinaiton are encouraged to apply to this posting as the list will not be canvassed at this time.
CURRENT NEW YORK STATE EMPLOYEES:
Current New York State employee with one year or more of permanent, competitive or 55-b/c service as a Senior Utility Financial Analyst, Grade 18; OR current New York State employee with one year or more of permanent, competitive or 55-b/c service in a qualifying title and be eligible for transfer** under section 70.1 or 70.4 of the Civil Service Law.
*Successful completion of the two-year traineeship leads to appointment as a Senior Utility Financial Analyst, Grade 18.
**Candidates are encouraged to access GOT-IT on the Civil Service website (www.cs.ny.gov) to determine transfer eligibility.
Duties Description The Senior Utility Financial Analyst, G-18, will work in the Office of Accounting, Audits, and Finance and perform duties that include, but are not limited to:
• Developing a familiarity with ratemaking principles and preparation of Cost of Service schedules.
• Identifying relevant data points on financial statements and becoming familiar with utilities’ financial forecasts and forecasting models.
• Demonstrating an ability to understand technical matters such as the cost of debt and derivation of a proxy group.
• Assisting with the preparation of testimony, attending rate case negotiation sessions, reviewing negotiation term sheets, and assisting with the development of rate of return components.
• Assisting with the analysis of financing requests.
Additional Comments The primary mission of the New York State Department of Public Service (DPS or Department) is to ensure affordable, safe, secure, and reliable access to electric, gas, steam, telecommunications, and water services for New York State’s residential and business consumers, at just and reasonable rates, while protecting the natural environment. The Department also seeks to stimulate effective competitive markets for clean, renewable, and distributed energy resources that benefit New York consumers, as well as product and service innovations.
***This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
For the duration of the NY HELPS Program, this title maybe filled via a noncompetitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply. At this time, agencies may recruit and hire employees by making temporary appointments. In May 2024, if a temporary NY HELPS employee is satisfactorily performing in the position, the appointment will be changed from temporary pending Civil Service Commission Action to permanent non-competitive and the official probationary period will begin.
At a future date (within one year of permanent appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.
The Department of Public Service is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. If you have a disability or special need that requires accommodation, please let us know by contacting the Designee for Reasonable Accommodations (DRA) and Americans with Disabilities Act Coordinator which can be found under the Accessibility Link on the Department’s webpage at https://dps.ny.gov.
Some positions may require additional credentials or a background check to verify your identity.
Name Human Resources Management - KH
Email Address recruiting@dps.ny.gov
Address
Notes on ApplyingPlease send a resume, cover letter, and proof of meeting the minimum qualifications to recruiting@dps.ny.gov or fax to Human resources Management at (518) 473-9990. Please reference “Senior Utility Financial Analyst, NYHELPS posting 03730“ when applying