Salary : $150,797.40 - $198,298.62 Annually
Location : Burbank, CA
Job Type: Expedited
Job Number: 240347M1
Department: Burbank Water & Power
Opening Date: 04/12/2024
Closing Date: 4/26/2024 5:00 PM Pacific
Definition
INTERDEPARTMENTAL RECRUITMENT
Promotional opportunity for current City of Burbank employees
Under general direction, manages financial and energy risk management related duties including financial modeling, financial planning and analysis, and performing risk and credit analysis; prepares reports and recommendations on complex financial, business, and energy risk matters; and to do related work as required.
Essential Functions
Assists in the development of the Department's financial planning objectives, policies, and procedures; assists in financial modeling, financial planning and analysis, reporting, and forecasting; performs revenue, expense, and capital expenditure analyses; assists in the consideration of new products or services; may direct and participate in administrative and financial projects as required; and responds to inquiries pertaining to the financial policies and procedures of the Department and supervises others in doing so.
Ensures that risk exposure monitoring and reporting is an independent function residing outside of the utility's energy traders' duties; reviews transactions for compliance to regulatory requirements; responsible for the independent monitoring and analyzing of market and financial risks: Reports findings to senior management; responsible for the independent evaluation and review of the creditworthiness of the utility's counterparties and communication of results; facilitates energy supply governing agreements; generates counterparty Credit Exposure reports and Position reports for senior management; monitors financial strength of counterparties; monitors appropriate usage of various trading strategies; responsible for price inputs utilized in reporting; documents changes in valuation models; reports any breaches of authorization limits to the Risk Oversight Committee; responsible for maintaining the risk management system; ensures the accuracy, timeliness and integrity of energy reporting systems; confirms the identification, terms and conditions of all transactions beyond current day (incremental); coordinates accounts receivable/payable data flow between accounting and risk management systems; validates risk management system recording of trading transactions; serves as a contact for counterparties with regards to billing and payment and confirmation processes.
Minimum Qualifications
Employment Standards:
Knowledge of principles, practices, and techniques of finance and/or energy risk management, with emphasis on planning, reporting, risk and credit analysis, operations; administrative principles and methods including goalsetting and performance measurement and best practices; general laws and regulations governing finance and risk and credit analysis for utilities.
Ability to communicate effectively, both orally and in writing; interpret, provide assistance, and make decisions in accordance with laws, regulations, and policies; review and analyze a variety of organizational, financial, and risk and credit problems and make sound policy and procedural recommendations. Create financial models, financial reports, and energy risk management reports with the use of personal computer, financial application software, or energy risk management software programs; establish and maintain effective working relationships with supervisors, fellow employees, and the public.
Education/Training: Any combination of education and/or experience that has provided the knowledge, skills, and abilities necessary for acceptable job performance as determined by the City. Example combination includes, but is not limited to graduation from an accredited college with a Bachelor's Degree in finance, accounting, business administration or a related field, and up to five years of progressively responsible finance, accounting, business, or energy risk management experience. Other combinations of education and experience may be considered.
Supplemental Information
A valid California Class "C" driver's license or equivalent may be required at time of appointment.
Desirable Qualifications: CFA, MBA, CPA; experience in a public or investor-owned utility.
This job title is represented by the Burbank Management Association (BMA)
The City of Burbank offers excellent employee benefits, please click on the following link for additional information regarding employee benefits: https://www.burbankca.gov/web/management-services/employee-benefits
Additionally, there are Benefit Summary Sheets for each represented and unrepresented employee group that provide a more detailed summary of benefits. There are also some Benefit Summary Sheets for specific job titles. To access the Benefit Summary Sheets, please click here: https://www.burbankca.gov/web/management-services/benefits-summary-sheets
Please note, employee benefits vary based on employment status - full-time or part-time; regular or temporary, and many benefits are not applicable to temporary employees.
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I understand that all requested information must be furnished on the application itself. Resumes and/or attachments may be included, but CANNOT BE SUBSTITUTED for a completed application form. A resume submitted in lieu of an application will not be sufficient. Furthermore, "See resume" is not an acceptable response under Duties. An application containing this response may be deemed incomplete. If I do not provide information on my application under Education, Experience, and/or License and Certificates sections that I meet the minimum qualifications for the position I am applying for, I will be deemed "not qualified" and may not proceed in the recruitment.

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