Financial Analyst, Expert
Requisition ID # 117461
Job Category : Accounting / Finance
Job Level : Individual Contributor
Business Unit: Finance
Job Location : San Francisco
The Enterprise Project Governance department supports decision-making and leads governance processes for major projects ($25M and greater) and programs across PG&E on behalf of external customers and shareholders. Enterprise Project Governance advises the Project Review Team (PRT) and the Executive Officer Team (EOT), comprised of company officers and directors, on key considerations associated with major projects and programs, including safety, risk reduction, extent of condition, environmental and community impacts, long-term financial forecasting, and alignment with company objectives. Recently, the Enterprise Project Governance has taken on an expanded role of reviewing operational risks that are being mitigated by projects, ensuring that significant risks are thoroughly vetted with lines of business and that unique, significant risks are reported to the Board of Directors. The PRT governs about $3B in capital spend annually, and total project lifecycle costs under PRT authority are $21.5B. Enterprise Project Governance also facilitates reviews of Board-level projects ($250M and greater).
In addition, Enterprise Project Governance develops performance metrics and visual controls for the effective execution of project-related capital investment plans to improve outcomes for our customers and reduce risk on the system. The department is responsible for driving project management best practices across the company.
This position provides an opportunity to reduce public safety risk, improve value for customers, drive sustainability, and implement the company’s strategies by using our capital in the best and most efficient manner.
This position will work as an integral part of a fast-paced, highly visible team that reviews major projects and programs to provide the most important insights to PG&E top leadership. The broad exposure to the largest projects and business issues across PG&E has helped past Enterprise Project Governance alumni move into high profile leadership positions throughout the company. The nature of the work can be demanding and requires a high attention to detail.
Some examples of past projects:
- Generation (Fuel Cells, Crane Valley Dam, Helms Pump Storage, Nuclear Security)
- Electric Operations (Substation Upgrades, Energy Storage, Transmission Line Reconductoring)
- Gas Operations (Right of Way, Gas Ops Training Facility, Transmission Pipe Replacements)
- Customer Care (Electric Vehicle Charge Network, California Consumer Privacy)
- IT (Cyber Security, Mobile Communications, Geographic Information System)
- Environmental Remediation (Pond Remediation, Power Plant Decommissioning)
- Bachelor’s Degree (Business, Finance, Economics, Engineering, Communications, or related discipline) or equivalent work experience
- Seven years of job-related experience, preferably at a utility or in the energy industry
- Effectively copes with change, makes decisions and acts without having complete information and comfortably handles uncertainty
- Demonstrated ability to abstract or synthesize from one set of ideas or facts to another, identify causal relationships, recognize missing information, and anticipate obstacles
- Demonstrated follow up tenacity with cross-functional contributors
- Demonstrated history of being proactive, self-leading and producing significant, high-quality deliverables
- Demonstrated proficiency in succinct and clear written communication, including preparation of materials for officers
- Even tempered, manages conflicts in a positive, non-abrasive manner and is comfortable interacting with individuals at all levels
- Demonstrated strong knowledge of project management best practices and project financial controls
- Ability to identify risks to public safety, workforce, continued operation of major assets
- Ability to understand the failure modes and effects of major assets
- Ability to deduce extent of condition across the company
- Strong knowledge of project estimation including Association for the Advancement of Cost Engineering (AACE) recommended practices
- Understands the company's overall goals and strategies, as well as the goals of business partners
- Drives change in the organization and champions company initiatives as appropriate.
- Leads special projects and initiatives as assigned and may manage cross-functional teams
- Can maneuver through complex organizational situations effectively and without disruption
- Business Case & Related Document Development (60%):
- Lead development for the company’s major projects and programs. Work directly with directors, managers, and project teams to develop quality business cases, project updates, and closes for the Project Review Team; significant writing and editing is common.
- Interact and consult with multiple departments and business partners, including project management and asset strategy organizations, Capital Accounting, Economic Analysis, Tax, and Enterprise Risk.
- Provide expert counsel and strategic insights to business owners and project teams during business case development to ensure that the documents are clear, concise, and complete.
- Identify operational risks that are being mitigated by the project. This expanded role ensures the new types of risk including public safety risk, workforce safety, operation of assets and extent of condition across the service territory.
- Track and ensure follow-through on action items requested from governance committees, including actions to mitigate significant and/or high consequence risks.
- Tools and Process Management (20%): Manage and lead continuous improvement efforts on team tools and processes (business case template, project reporting, project database, Unifier approval system, etc.).
- Develop processes as needed.
- Contribute to establishing standards and drive improvement within existing processes.
- Board Reporting (10%): Prepare quarterly capital project reporting package for Board review
- Ad Hoc (10%): Support and lead various ad hoc initiatives and projects, as required (past examples: delegation of authority, approval procedures, contingency and reauthorization analyses, cost estimating improvement)
- Provide recommendations to senior management and extended leadership with supporting analysis.
Percentages and categories are rough estimates and can vary/evolve over time. Work location is flexible and can be primarily remote.