What are the responsibilities and job description for the Electric Utility Financial Analyst position at City of Lubbock, TX?
Salary : $96,532.80 Annually
Location : 1314 Ave. K Lubbock, TX
Job Type : Full-Time
Job Number : E268-7111
Department : Lubbock Power & Light
Division : 7111 - Electric Administration
Opening Date : 02 / 08 / 2025
Closing Date : 2 / 21 / 2025 5 : 00 PM Central
Summary
Analyze all alternatives on purchased power, fuel mix, or conservation to insure lowest cost of power supply. Prepares request for proposal and any needed analysis, negotiations, or contract preparation to insure beneficial arrangement with LP&L. Prepares and recommends supporting documentation for all LP&L budgets regarding system planning or power supply.
Essential Functions
- Monitor fuel and purchased power transactions to ensure compliance with existing contracts; recommend new or modified contracts for fuel and purchased power; prepare all analysis when necessary for contract negotiation;
- Prepare appropriate request for proposals on fuel, purchased power, transportation, conservation, rate incentives, or various studies to promote the lowest overall cost of operating LP&L;
- Analyze key customer needs problems and electric usage to develop special rates, incentives, or other initiatives to retain customers; perform similar studies for potential key customers;
- Review and analyze new developments or business methods which may improve efficiency or productivity;
- Assist all sections as needed in budget preparation by providing expected customer growth, conservation expenses, rate incentive costs, and new technology upgrades to promote better section performance or efficiency;
- Assist in preparation and coordination of operating budgets for Electric Administration and Electric Promotions, including all revenue projections;
- Assist in overseeing all operating and capital budgets to insure the optimum allocation of LP&L resources;
- Assist in development of electric rate;
- Assist in development of promotional and advertising programs especially in regard to conservation and customer acquisition or retention;
- Provide data as needed for bond ratings, economic development proposals, or customer retention efforts;
- Provide information and supporting documents as needed to answer questions or concerns of City Council members, customers, or interested citizens;
Perform related duties as required.
Qualifications
Completion of a bachelor degree in finance, business administration, or a related field. Prefer a graduate degree in Finance, MBA or MPA, with an additional four years experience in financial administration, with emphasis in utility finance; or any combination of relevant education and experience which provides the following knowledge, abilities, and skills :
Knowledge and Abilities
Knowledge of
Principles and understanding of electric rate theory, preparation, and interpretation.
Budgetary planning and allocation of resources.
Principles and practices of financial investments, debt management, and cash flow management.
Ability / Skill to :
Understand legal contract theory with emphasis on fuel, purchase power, and customer retention contracts.
Demonstrate strong analytical ability in all business disciplines.
Prepare graphics and / or slides to communicate concepts or projects.
Communicate effectively orally and in writing.
Maintain accurate records of transactions.
Compile and analyze investment and economic information.
Establish and maintain effective working relationships with all levels of management, city officials, city council, other government agencies, bond holders, banking and financial institutions, and the public.
Monitor contract performance.
Physical Requirements :
Ability to frequently stand and walk
Ability to occasionally kneel.
Ability to frequently pull or push objects.
Ability to frequently rotate upper trunk to right or left while sitting or standing.
Ability to frequently reach above, at, or below shoulder height.
Ability to frequently handle objects
The City of Lubbock provides a comprehensive, cost effective, health and welfare package. To view the employee benefits click
Do you have a Bachelor's Degree in finance, business administration, or a related field from an accredited university?
Do you have four years of experience in financial administration, with an emphasis on utility finance?
Required Question
Salary : $96,533
