Financial Analyst I

PNM Resources

$61K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, finance, or related field
  • 0-1 year of relevant experience
  • Strong understanding of utility accounting and finance principles
  • Ability to work with mathematical concepts and statistical inference
  • Proficiency in Accounting software and MS Access

Responsibilities

  • Collects and verifies information for financial database management
  • Prepares documentation for financial analysis and presentation
  • Performs technical calculations and prepares analysis materials
  • Makes recommendations for cost-saving and profitability strategies
  • Directs preparation of financial reports and analyses
  • Establishes databases for future financial planning
  • Analyzes complex financial actions for policy recommendations

Benefits

  • Opportunity for professional growth and development
  • Exposure to diverse financial projects
  • Collaborative office environment
  • Commitment to safety and employee well-being
  • Assistance available for applicants with disabilities
Full Job Description
POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Financial Management

JOB DESCRIPTION

Financial Analyst I

Salary Grade: G08
Minimum Midpoint Maximum
$61,035 - $80,872 - $100,709

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

SUMMARY:

Under direct supervision, develops, interprets, and implements financial and accounting concepts, or techniques for financial planning and control.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Collects, verifies, documents, and processes information necessary to maintain and update databases and assumptions used in modeling, analysis, and decision making activities.

Compiles, assembles, and packages documentation of activity and studies the results for filing and presentation purposes.

Performs routine technical calculations and studies, prepares graphs, table, spreadsheets and other analysis and presentation material in support of other department personnel.

Makes recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies.

Directs the preparation of studies, reports, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, and business forecasts.

Establishes databases of pertinent information for use in analyzing future plans and forecasts.

Coordinates with all levels of management to gather, analyze, summarize, and prepare recommendations regarding financial plans, acquisition activity, new business planning, trended future requirements, government requirements, and operating forecasts.

Conducts special studies to analyze complex financial actions and prepares recommendations for policy, procedure, control, or action.

Provides interpretation of financial policies, governmental legislation, accounting theory, or customer financial regulations.

Analyzes financial information to determine present and future financial performance.

Interprets and applies corporate financial policies, government legislation, and accounting theory.

COMPETENCIES:

Knowledge of utility accounting, finance, and economic principles and theories with skills necessary to execute the functions stated in the department charter.

Ability to handle complex assignments.

Ability to exercise judgment to achieve desired performance, minimize costs, and meet schedules.

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from four-year college or university in business, finance, or related field, with zero to one year of related experience, or equivalent combination of education and/or experience related to the discipline.

COMMUNICATION SKILLS:

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.

Ability to write routine reports and correspondence.

Ability to speak effectively before groups of customers or employees of organization.

MATHEMATICAL SKILLS:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.

Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

COMPUTER SKILLS:

Working knowledge of Accounting and MS Access Database software.

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.

Ability to deal with problems involving several concrete variables in standardized situations.

PHYSICAL DEMANDS:

While performing the duties of this job, the employee is regularly required to walk or stand up to 1/3 of the time and sit up to 2/3 of the time. Manual dexterity required, close vision, and the ability to talk and listen. The employee must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

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