The Senior Finance Analyst (“Sr. Analyst”) is responsible for fulfilling LIPA’s mission of clean, reliable and affordable electric service for our customers by supporting the Manager of Treasury Operations in the day-to-day operations of the cash management, and investment activity of the Authority, while working directly with the Director of Finance and Treasury in managing all debt issuance activities of LIPA and the Utility Debt Securitization Authority.
This role requires someone who is a true team player, with good project management skills. The Senior Finance Analyst will be required to manage projects that are time sensitive and critical. Given the diversity across tasks, the Senior Finance Analyst will be expected to be versatile and learn and act on new information efficiently. The incumbent must be detail-oriented and strategically minded.
The Senior Financial Analyst's responsibilities include assisting with several core finance and treasury processes that include but are not limited to portfolio analysis, cash management, liquidity planning, preparing cash flow forecasts, and performing research and analysis as may be required by leadership.
Other Essential Job Functions include:
Cash Management Activities
Monitoring cash flows to ensure funds are available for ongoing operational and capital requirements of LIPA and the Service Provider. This includes overseeing the Authority’s Revenue and Operating accounts, cash forecasting and cash position, interfacing with service providers for cash receipt/disbursement initiatives, and cash reporting.
Performing cash management and cash balancing analysis and transactions and preparing cash position reports.
Setting up payments for disbursements including ACH payments, wire transfers, book, and interbank/account transfers.
Preparing journal entries for all cash receipts, disbursements and investment transactions including intercompany, debt service and miscellaneous cash transactions, and submitting to Accounting for recording in the general ledger.
Managing and tracking bank balances, providing ongoing analysis of banking services and associated costs, establishing and maintaining cash management, investment and treasury records and files/data, and meeting reporting requirements.
Preparing weekly, monthly, and quarterly cash forecasts, conducting cash flow analysis, building databases and spreadsheets of financial, economic, investment, financial market and other data, and preparing month-end reports regarding portfolio performance.
Investment Management Activities
Assisting in the preparation of monthly, quarterly, and annual investment reports, and quarterly and annual financial statement disclosures related to Treasury functions.
Conducting evaluations of new and existing financial instruments, issuing entities, investment dealers and financial information services, and developing and maintaining investment databases.
Debt Management Activities
Assisting with debt and other financial contracts compliance, including but not limited to initiating the payment of principal, interest, and associated fees and record management.
Assisting in the sale of short-term debt and monitor LIPA’s short-term debt re-marketing.
Assisting with bond issuance and administration and post-issuance requirements.
Other Duties
Assisting in the preparation of board reports and presentation materials regarding areas of assigned responsibility.
Determining analytical techniques, statistical and information gathering processes, and obtaining relevant data for analysis.
Providing financial information by performing financial modeling, planning and analyses, collecting, analyzing, and interpreting financial and budget information for cash flow models, and maintaining the cash flow model.
Performing related duties as required.
What We Need
A Bachelor's degree from an accredited college or university with major course work in finance or a closely related field
Five years of professional experience performing analytical work in the areas of treasury management, corporate finance, or financial planning
Demonstrated ability to forecast and monitor cash flows
Understanding of public power finance
Understanding of investments and bank account management
Understanding of accounting and internal controls
Ability to communicate effectively with all levels of management within the Authority and maintain a productive and cooperative relationship with LIPA and the service provider’s staff
Proficiency in Microsoft Office Suite, i.e., Excel, Word, Power Point and Access
Ability to work within deadlines related to daily activities and the month-end closing process
Ability to work independently with internal and external auditors
LIPA's purpose is to serve our customers and community by providing clean, reliable, and affordable energy to Long Island and the Rockaways. As a not-for-profit utility, LIPA is a value driven organization that puts our customers first in all our actions.
