Budget Analyst, Regulatory - Luma PR

LUMA - Built for Puerto Rico

We rely on electricity every day. We need it to run our appliances, power the streetlights and produce the goods and services that drive our economy.At LUMA we are committed to provide Puerto Rico with electricity that we all can depend on. At LUMA, we put people first — our employees, our customers and the communities where we live and work. We encourage and inspire our people to embrace opportunities as they work to build an electricity system that will make Puerto Rico a better place.If you're looking for a career where you can make a tangible difference in the lives of your neighbors and your community, LUMA is the place for you. LUMA offers new jobs designed to respond to the current and future needs of the T&D system. Together we're transforming the island's electric transmission and distribution system, and energizing Puerto Rico. Please note that these new jobs with LUMA offer different terms and conditions of employment to those currently in place with PREPA.We will schedule interviews with all qualified PREPA candidates. All PREPA applicants will receive priority in hiring and a compensation package equal to or better than what they receive today. In order to receive notifications as additional positions and locations are posted, please create a profile on our career site.

About the Position

This position is within the Regulatory Team. The Regulatory Team works to align LUMA’s business plan with the public energy policy goals of Puerto Rico and plays a key role for the design, implementation and reporting on key policy initiatives. Regulatory works with all LUMA departments in support LUMA’s compliance and reporting obligations under the Operations and Management Agreement, the energy regulator and other governmental bodies. The team works with multiple external stakeholders and is responsible for the delivery of professional written documents, and verbal reason to support compliance and reporting.  

The Tariff and Budgets group within Regulatory is responsible for conducting analysis, studies and projections related to customer rates and annual budgets as well as interacting with LUMA departments to provide updated discussions of LUMA’s activities.

This role will support the Regulatory Department and is accountable for developing, monitoring the department’s budget including investigating variances, prepare expense reports for approval, managing contracts and ensuring the projects are billed accurately.

Directly responsible for management of the budget forecasting process and the tracking of actual costs versus budget.  Will prepare memos and presentations summarizing the Department’s activities and actual costs for internal and external reporting. Supports the group heads to ensure reporting obligations are met and to support reporting analyses as requested.

What will you get up to everyday?

• Responsible for the developing organizational budget with managers.
• Review budgets for completeness, accuracy and compliance with company standards.
• Consolidating the organizational budget for review.
• Monitoring spending and keeping the managers informed on budget to actuals.
• Work closely with the Finance team to ensure projects and cost centers are billed accurately.
• Prepare reports and presentations for future spending needs, analyzing historical spending trends, variance analyses.
• Defending budget recommendations with data and evidence-based analysis.
• Review invoices received from third parties, ensure compliance with contract and prepare internal approval documents.
• Support contract negotiations including internal business cases and internal approval documentation including contractual changes and extensions.
• Ensure that key issues/decisions are escalated to manager and others in a timely manner.
• Participate in training and staff development, ensuring other functional teams have an overall knowledge and understanding of budgeting process.
• Show ability to work independently and collaboratively with diverse teams and work groups across the organization.
• Ensure that all analysis and supporting documents are organized and accurately prepared and reviewed in a timely manner.
• Ability to develop and use a variety of analytical approaches to synthesize information, identify patterns, solve issues and make recommendations.
• Strong communication skills (both verbal and written) and a demonstrated ability to work effectively across all levels of the organization and with external stakeholders.
• Demonstrates skill in planning work activities and managing projects as required to ensure quality deliverables.
• Desire to seek out experiences and opportunities to develop and try new skills and knowledge.
• Competent and knowledgeable with programs and applications such as Word, Excel, PowerPoint, Outlook & SharePoint.
• Follow all policies and procedures.
• Other duties as assigned.

What We are Hoping You Bring to LUMA

LUMA's culture is rooted in the concept of People First, Safety Always. We want your knowledge and expertise to pair with LUMA's globally recognized experts in numerous fields such as customer service, field workforce development, high-voltage transmission engineering, distributed energy resources and mini/micro grid integration. Our employees receive substantial training and development, as well as opportunities for advancement and success. Within our People First, Safety Always culture, we're committed to offering continuous learning opportunities and career-long support for our employees.

Education

Bachelor’s degree in Business, Economics or related field.

Experience

+5 years of experience in budget, planning or accounting.

Travel Requirements

• Travel: No
• Percentage of time: N/A
• Requires overnight: No

Physical Demands

• Stationary Position - Constantly
• Pushing/Pulling/Reaching - Seldom
• Climb - Seldom
• Kneel - Seldom
• Grab - Seldom
• Bend - Seldom
• Lift/carry over – 5-10 LBS
• Vision - 20/20 Corrected Vision
• Hearing - Receive detailed information if spoken to

Working Conditions

• Wet or Humid - Seldom
• Working near or on moving mechanical parts - N/A
• Working near or on heavy machinery - N/A
• Working in high places - N/A
• Exposed to fumes or airborne particles - N/A
• Exposed to toxic or caustic chemicals - N/A
• Frequency of working in outdoor weather conditions - Seldom
• Work with Electricity - N/A
• Work with explosives - N/A
• Work on or near a source of radiation - N/A
• Loud noise conditions (above 87dB)- N/A
• Other Environmental Factors including weather conditions______________________

We are looking forward to seeing your application!

You made it to the end of the job posting! Thank you for expressing interest in LUMA and taking the time to read all the details of this position. We encourage you to apply and give us the opportunity to get to know you better through the recruitment process. Together, we're energizing the people of Puerto Rico.

Note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, working conditions, physical demands, and activities may change or new ones may be assigned at any time with or without notice.LUMA provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.