Financial Planning & Analysis Analyst II

Salary Range: $97,584-$130,112

Relocation: No

About Us

Oncor Electric Delivery Company LLC, headquartered in Dallas, is a regulated electricity transmission and distribution business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor (together with its subsidiaries) operates the largest transmission and distribution system in Texas, delivering power to nearly 4 million homes and businesses and operating more than 143,000 miles of transmission and distribution lines in Texas.

Position Summary

As a Financial Planning & Accounting (FP&A) Analyst II at Oncor, you’ll perform a lead role in the development of and a comprehensive understanding of the financial status and performance of Oncor. This includes business analysis, financial planning, forecasting, reporting, performance analysis, regulatory support, cost management, and client support. This position analyzes budget, cost, operational and financial data for the purpose of drawing conclusions and making recommendations to Oncor management. In addition, this position is expected to anticipate and identify changes in the business environment and prepare and compile the required information and analysis to support the change.

This role demonstrates proficiency in planning, organizing, and managing multiple assignments and tasks concurrently, under time constraints while maintaining attention to detail and producing high quality work with minimal supervision. This position is also expected to lead studies, performance analysis and special projects. Although this position has no direct supervisory responsibility, it is expected to perform as an informal lead and direct activities as requested.

Key Responsibilities

• Flexible to complete a variety of assignments and have the ability to utilize excellent interpersonal skills to interact and communicate with multiple levels of personnel in a professional manner.
• Provide financial analysis and support solutions to Oncor functions using a strong knowledge of client’s business, work processes, and impacts of seasonality on financial and operational results and a solid understanding of Oncor strategy and needs.
• Participate and provide input to the budget/forecast development process, communicate/coordinate client input and consolidate financial forecasts, upload into the Financial Information Management system, and utilize various tools/reports for trend and variance analyses for functions of Oncor. Comfortable providing recommendations/options for management consideration based on appropriate analysis and research.
• Participate and provide input in resolving process issues and process improvement initiatives that cross multiple organizations, self-initiate analysis/innovation, involving and communicating with appropriate parties to ensure issue is completely followed through and vetted.
• Prepare reports reflecting department budget performance, perform ad hoc analysis for responses to data requests, and participate in the closing processes, which may include journal entries, key accounting controls and rate case support.
• Organize priorities and/or interface with other staff to ensure work projects are completed accurately within acceptable time limits, prepared appropriately for the targeted audience (concise versus detailed), easily understood, and represent the highest quality work product. Explanations should go beyond “surface level” to identify root cause or drivers.
• Review performance against key operating metrics, including historical data and future projections
• Keep all stakeholders informed appropriately and in a timely manner (Clients, Financial Support managers, FP&A Director, Controller’s organization, etc.).
• Maintain high standards of productivity, work quality and compliance.
• Ability to work occasional long, irregular hours and use of a PC, computer terminal and/or telephone over 2 hours a day.
• Occasional bending, twisting, crouching, pulling, pushing, and/or reaching to access job-related materials.
  
  

Skills

• Strong analytical and problem-solving skills.
• Broad knowledge of policies, procedures, regulations, standards and current technologies as well as accounting standards, policy and financial theory.
• Strong knowledge of accounting principles.
• Effective communication with management, clients and peers to support decision making.
• Ability to be flexible, self-motivated, work independently with minimal supervision.
• Possess excellent interpersonal skills; able to build and maintain strong working relationships while remaining independent and objective.
• Experience understanding and analyzing business operations in order to assess accounting and financial planning considerations.
• Strong understanding of, and commitment to, compliance with Sarbanes–Oxley (SOX) controls and adherence to internal controls.
• Familiarity with the energy industry and how the role influences the business.
• Strong skills in Excel, Word and PowerPoint applications.
• Broad Enterprise Resource Planning (ERP) (Oracle, SAP) system experience.
  
  

Education & Experience

• Bachelor’s degree in Accounting, Finance, Economics, or Business and 3 years of related work experience in a financial planning/budgeting or accounting/financial role required.
• Applicants with Certified Public Accountant (CPA), Master’s Business Administration (MBA), Certified Managed Accountant (CMA), and/or Certified Financial Manager (CFM) are encouraged to apply.
  
  

Benefits

At Oncor, we offer a comprehensive set of benefits, compensation and performance management programs designed specifically to attract, retain, motivate and reward our high-performing workforce. Our supportive and inclusive culture allows every team member the opportunity to thrive and make a difference. We invest in our employee’s success and well-being by offering such things as:

• Annual incentive program.
• Competitive health and welfare benefits (medical, dental, vision, life insurance).
• Ability to earn wellness incentives (up to $2,000 in 2025) and other wellbeing resources.
• 401k with dollar-for-dollar company match up to 6%.
• 401k match with student debt program.
• Cash balance pension plan.
• Adoption Assistance.
• Mental health resources.
• Employee resource groups.
• Tuition reimbursement.
• Competitive vacation, 10 company holidays and 2 personal holidays.
• Paid parental leave.
• Salary continuation for up to 6 months for approved employee illness or injury.
• Other perks such as commuter benefits, electric vehicle incentive program, appliance purchase plan.
  
  

Participation in benefit programs for employees in collective bargaining units is subject to the applicable collective bargaining agreement.