Review Vacancy
AgencyPublic Service, Department of
TitleUtility Financial Analyst Trainee* OR Senior Utility Financial Analyst
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
Salary RangeFrom $48237 to $76387 Annually
Minimum Qualifications Current New York State Employees
Current New York State employee with one year or more of permanent, competitive service or 55b/c service as a Senior Utility Financial Analyst, Grade 18; OR current New York State employee with one year or more of permanent, competitive service or 55b/c service in a qualifying title and eligible for transfer** under section 70.1 or 70.4 of the Civil Service Law.
Note: All transfer candidates 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.
General Public
55b/c:
Candidates who are currently eligible, who 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. If interested in this position and applying using your 55b/c status, please provide a copy of your current 55b/c eligibility letter.
Professional Career Opportunities (PCO) List:
Candidates on the appropriate Select PCO list have been canvassed and do not need to apply to this posting.
Note: If you are a current New York State employee on the eligible list and not reachable, you may be eligible for transfer**.
*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 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:
This position may require up to 10% travel, and as such, it may require that you have a valid license to operate a motor vehicle in New York State or otherwise demonstrate the ability to perform the required field work if public transportation is not available. You will be advised on this further at the employment interview.
Additional Comments The primary mission of the New York State Department of Public Service (DPS) 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, 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.
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 www.dps.ny.gov.
Some positions may require additional credentials or a background check to verify your identity.