Associate - Cost Management

Overview

The EP Associate will support the financial performance of the Operations team by partnering with Operating Organizations to execute assignments of basic to moderate complexity. This role is responsible for tracking and monitoring actual costs versus budget on a monthly basis, reviewing financial data within the company's accounting systems, and analyzing cost categories with significant or unexpected variances. The EP Associate will assess the impact of these variances on operational performance and will contribute to identifying and recommending corrective actions to improve financial outcomes and ensure alignment with performance goals.

Responsibilities

Core Responsibilities

• Provides support in the preparation of the annual five-year operating and five-year capital budgets as required.
• Assists with the analysis, review, and communication to Directors and Managers in Operating Organizations concerning the departments actual performance, historical comparisons, expense reports, monthly and annual expenditure projections, key performance indicators and other factors and inquiries, as required.
• Assists in providing accounting and finance support to Operating staff. Participates in the preparation of the monthly and year-to-date financial analysis relating to the overall Operating forecast and determines their impact on overall Operational financial performance. Assists in updating financial projections and provides recommendations, as required.
• With some guidance, requests, collects, and reviews for accuracy the Operating organizations accruals and reports the final monthly accruals to Financial Services.
• With some guidance, utilizes the Oracle financial systems to develop and analyze operating and capital expenditures, provide variance explanations, and answer financial-related questions pertaining to operational requirements.
• Is available to work on teams, makes presentations, and supports training sessions as well as communicates regularly and maintains relationships with Operating organizations and Financial Services. Represents the Department in a team environment with others or on committees as assigned.
• With some guidance, assists in providing support in the development of schedules, interrogatory responses, and general information for rate filings.
• Utilizes strong Excel, PowerPoint, Word, and Access computer skills to input and retrieve information from the Companys mainframe financial systems to develop and display actual and budget information in a clear and concise format.
• Participates in the Companys emergency management processes and storm plans as required.
• Performs other related assignments as required.

Qualifications

Required Education / Experience

Relevant Work Experience

Licenses and Certifications

Additional Physical Demands