Utility Financial Analyst Trainee*, NS, or Senior Utility Financial Analyst (NY HELPS)

Minimum Qualifications: 

Non-Competitive (NY HELPS)**:

For appointment to a Utility Financial Analyst Trainee 1, you must have four years of experience analyzing financial/investment practices, assessing financial conditions, and cost structure, analyzing new securities issues, assessing financial and business risk, and measuring the cost of capital.

For appointment to a Utility Financial Analyst Trainee 2, you must have five years of experience analyzing financial/investment practices, assessing financial conditions and cost structure, analyzing new securities issues, assessing financial and business risk, and measuring the cost of capital.

For appointment to a Senior Utility Financial Analyst 1, Grade 18, you must have six years of experience analyzing financial/investment practices, assessing financial conditions and cost structure, analyzing new securities issues, assessing financial and business risk, and measuring the cost of capital.

Substitution: an associate degree may substitute for two years of experience; a bachelor’s degree may substitute for four years of experience; a master’s degree may substitute for five years of experience; and a doctorate may substitute for six years of experience.

Duties Description:  

The Senior Utility Financial Analyst, Grade 18, will work in the Office of Accounting, Audits, and Finance and perform duties that include, but are not limited to:

• Developing a familiarity with ratemaking principles and preparation of Cost of Service schedules.
• Identifying relevant data points on financial statements and becoming familiar with utilities’ financial forecasts and forecasting models.
• Demonstrating an ability to understand technical matters such as the cost of debt and derivation of a proxy group.
• Assisting with the preparation of testimony, attending rate case negotiation sessions, reviewing negotiation term sheets, and assisting with the development of rate of return components.
• Assisting with the analysis of financing requests.

Additional Comments: 

*Successful completion of the two-year traineeship leads to appointment as a Senior Utility Financial Analyst, Grade 18.

**This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS). For the duration of the NY HELPS Program, this title may be filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply.

At a future date, it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in an NY HELPS title, employees may take part in any promotion examination for which they are qualified. 

This position will require at least 2% travel.

Equal Opportunity Employer:

The Department of Public Service is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. If you have a disability or special need that requires accommodation, please let us know by contacting the Designee for Reasonable Accommodations (DRA) and Americans with Disabilities Act Coordinator which can be found under the Accessibility Link on the Department’s webpage at www.dps.ny.gov.