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State of Massachusetts Financial Analyst in Boston, Massachusetts

The Massachusetts Department of Public Utilities (DPU) is responsible for regulatory oversight of investor-owned electric, natural gas, and water utilities in the Commonwealth. In addition, the DPU regulates the safety of bus companies, moving companies, and transportation network companies.

Job Overview

The Department of Public Utilities (DPU) is accepting resumes and applications for the position of Financial Analyst (Fiscal Officer IV) to perform budget analysis, in particular federal grant analysis and compliance duty. This individual will work heavily with the CFO and DPU divisions on federal grant analysis, reporting, and compliance as well as perform other budget-related duties. The incumbent will perform monthly, quarterly, and annual federal grant reporting; provide compliance recommendation to the CFO and various DPU Division Directors; and prepare and work with CFO on the DPU’s annual GAA budget. In addition, this position will assist the Chief Financial Officer in various administration duties including but not limited to Travel Authorization, P-Card usage, Payroll Certification, and IT coordination. Performs other related duties as assigned.

*A cover letter and resume must be submitted as part of the application process and attached “as relevant” to the requisition. *

The primary responsibilities will include:

  • Prepares and analyzes DPU’s budget documents, especially the federal grants.

  • Reviews and analyzes financial data; confers with agency staff to identify problems and needs.

  • Performs mathematical calculations using formulas in determining the need for agency budgetary requests and spending projections.

  • Compiles information for management use; and performs related work as required.

  • Prepares financial reports to document transactions and make spending projections.

  • Reconciles appropriation accounts on a periodic basis.

  • Works with CFO to identify and implement strategies for improving reporting and forecasting process.

  • Works with various DPU Division Directors and CFO to create and update summary level management reports providing analysis of trends and changes.

  • Conducts variance analyses and produces summary memoranda of results,

  • Monitors P-Card usage.

  • Assists department’s travel authorization process.

  • Provides backup to the CFO on bi-weekly payroll certification.

  • Provides backup for employee reimbursement submission.

  • Performs ad hoc and special projects as directed.

Responsibilities:

  • Evaluating current DPU’s federal grant budgeting process, providing recommendations for improvement in terms of federal compliance per federal agency requirement, providing monthly, quarterly, and annual federal grant expenditure report to the federal agency, CFO, and DPU Division director.

  • Preparing DPU’s annual budget for GOV and Joint Ways and Means Committee including all state, federal, and trust appropriation. Calculating annual assessment for all utility companies and Transportation Network.

  • Calculating annual assessment for all utility companies and Transportation Network Company to collect revenue per GAA requirement.

  • Working closely with Revenue staff on revenue projection and weekly revenue reconciliation.

  • Providing support and backup service to agency Chief Financial Officer in various administrative duties.

Preferred Qualifications:

  • Excellent customer service and interpersonal skill.

  • Knowledge of principles, practices, and procedures governing the State and Federal Budgeting process.

  • Knowledge of the principles and practices of business analysis

  • Knowledge of the methods and techniques used to plan and schedule complex budget activities.

  • Ability to understand and apply the policies, procedures, specifications, standards, and guidelines governing assigned unit activities.

  • Ability to understand and apply the laws, rules, and regulations governing agency operations.

  • Ability to exercise sound judgment.

  • Ability to make effective oral presentations.

  • Ability to write concisely to express thoughts clearly, and to develop ideas in a logical sequence.

  • Ability to read and interpret such documents as specifications, statutes, manuals, technical reports, and legal briefs.

  • Ability to analyze and determine the applicability of financial and economic data, to draw conclusions from such data, and make recommendations appropriate to agency mission.

  • Ability to establish rapport with others.

  • Ability to deal tactfully with others.

  • Ability to solve problems and devise techniques for accomplishing work objectives where few procedures or guidelines are available.

MINIMUM ENTRANCE REQUIREMENTS:

Applicants must have at least (A) four (4) years of full-time or, equivalent part-time, professional, professional internship, administrative, supervisory, or managerial experience in financial management work (i.e. budgeting, accounting, auditing, management analysis, program evaluation, financial reporting of program results) or (B) any equivalent combination of the required experience and substitutions below

Substitutions:

I. A certificate in a relevant or related field may be substituted for one (1) year of the required experience.

II. An Associate’s degree in a related field may be substituted for one (1) year of the required experience.

III. A Bachelor’s degree in a related field may be substituted for two (2) years of the required experience.

IV. A Graduate degree in a related field may be substituted for three (3) years of the required experience.

V. A Doctorate degree in a related field may be substituted for the required experience.

An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.

Job: *Accounting and Finance

Organization: *Department of Public Utilities

Title: Financial Analyst

Location: Massachusetts-Boston-1 South Station

Requisition ID: 2100030P

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