Manager Financial Planning - Enterprise Strategy & Valuation

Job Description

Puget Sound Energy is looking for a Manager Financial Planning – Enterprise Strategy and Valuation to join our team.  This role reports to the Director of FP&A and guides the development of expansive financial models to aid in evaluating strategic initiatives as well as managing the Company’s Enterprise Valuation Model. 

This role is responsible for the production and communication of financial forecasts and quantitative and qualitative analytics associated with corporate financial performance drivers and various strategic initiatives, with a specific emphasis on managing the Enterprise Valuation Model. This manager partners to understand key business assumptions and issues, and translate them into financial models that illustrate the financial impact on customer rates and shareholders. This position regularly interacts with company executives, shareholders, and their representatives.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically, and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.

Employee Development & Team Building

• Provides employees with coaching, feedback, and developmental opportunities and builds effective teams
• Oversees training and development of employees directly and indirectly managed and makes effective staffing decisions. Ensures required training is successfully completed.
• Challenges and inspires employees to achieve business results.
• Conducts and ensures the completion of performance reviews and development plans.
• Provides coaching, direction, and leadership support to team members to achieve employee, business, customer, and other results.

Employee Safety

• Demonstrates a passion for safety. Promotes and supports a culture of total safety including eliminating at-risk behaviors by conducting safety audits and inspections, eliminating hazards and near misses, and attending safety meetings.
• Sets clear expectations and holds employees accountable for performance as well as safety goals/targets where applicable.
• Accountable to ensure employees adhere to legal and operational compliance requirements, as well as safety standards.

Job Responsibilities

• Manages and leads the annual development and analysis of corporate long-term financial plans within the Enterprise Valuation Model and other analyses as determined.
• Interfaces with key internal business partners to ensure accurate financial forecasting through a strong understanding of the business and the associated regulated environment it operates in.
• Develops corporate financial projections via the Enterprise Valuation Model that are related to the PSE short to mid-term plan developed by Corporate FP&A, and provides other supporting analyses and models for executive management, board of directors, and the shareholder representatives.
• Leads, supports, and guides the development of complex financial models to evaluate strategic initiatives utilizing consistent frameworks and standards aligned with leadership’s requirements and expectations.
• Advises executives, shareholders, and their representatives on analytical results and alternative treatment of key financial parameters inherent in models and related assumptions.
• Develops high quality, consistent, and effective presentation materials utilized with PSE executives, board members, and shareholder representatives.
• Collaborates with all levels of management to understand, analyze, and model alternative strategic decisions including, but not limited to; capital, O&M, financing, tax, and regulatory strategies to optimize corporate financial performance.
• Partners with internal and external stakeholders to develop scenario and sensitivity analyses to understand and communicate the impacts of macroeconomic business drivers and corporate strategies to the enterprise valuation, long-term customer rate profiles, O&M and capital opportunities, rating agency and bank covenants, and various other key drivers.
• Collaborates and coordinates with key internal stakeholders to ensure accurate forecasting of complex accounting and customer rate mechanisms.
• Answers questions related to utility financial modeling assumptions incorporated into the corporate financial plan and valuation models.
• Supervises the process to update and maintain the Enterprise Valuation Model through strong partnership with PSE’s equity investors, and their representatives, to support shareholder related business processes.
• Manages the coordination of financial performance related communications between PSE and board members, equity investors, and their representatives.
• Manages compilation of financial models and works with external consultants on upper-entity valuation.
• Supports leadership’s evaluation of key strategic initiatives.
• Drives planning process efficiency and effectiveness improvements.
• Responsible for the development and management of this department’s budget.
• Performs other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in finance, business administration, accounting, economics or equivalent with advanced knowledge of financial theory and analysis.
• Seven (7) years in finance roles with progressively increasing levels of responsibility and direct experience in financial analysis.
• Prior management experience in FP&A, M&A transaction, and other professional finance related environments.
• Demonstrated strong analytical skills to analyze and communicate on a wide array of financial opportunities effectively and efficiently.
• Extensive experience with financial modeling best practices, including experience in developing integrated three-statement financial models in Excel.
• Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders.
• Strong interpersonal skills with the ability to develop and cultivate working relationships with other PSE department heads, executive leadership, and shareholders.
• Excellent written and verbal communication skills.
• High level of proficiency in MS Office to include Excel and PowerPoint.

Desired Qualifications

• Master’s degree in finance or MBA
• Applicable Finance Certification (CFA, CPA)
• Experience in utility financial planning and proforma analysis
• Experience in private equity

Additional Information