Location
Jackson, MS | United States
Job description
NorthStar Clean Energy owns and operates independent power generating plants, natural gas assets and an energy marketing group for the non-utility segment. We are proud of our strong history of reliably serving our utility, municipal, commercial and industrial customers. To learn more about NorthStar Clean Energy, please visit NorthStar Clean Energy (
This position is with NorthStar Clean Energy, a CMS Energy company, and is not a position of employment with Consumers Energy.
In Q2 2024, NorthStar Clean Energy will relocate to Ann Arbor, MI for the new headquarter location
We are looking for:
The Principal Financial Analyst role entails cash and liquidity forecasting for the entire company, as well as its individual subsidiaries. The incumbent will make projections and variances, those projections are communicated to the company's Finance leadership group on a monthly basis, including the CFO, Treasurer, and the Corporate Controller. This information, in-turn, is communicated to the company's senior management team, guiding strategic decisions, as well as keeping them informed of key financial cash flow and liquidity targets.
Recognized as a subject matter expert with respect to cash transactions and the statement of cash flows.
Broad level knowledge of the company’s operations, practices, and procedures including the utility and non-utility (non-regulated) businesses. In addition, knowledge of the utility ratemaking process and utility-specific accounting practices.
Ability to communicate effectively with colleagues and senior management.
High level knowledge and extensive experience working with Microsoft Excel and complex financial models, including software for used in financial forecasting and reporting.
Excellent problem solving skills and the ability to analyze and interpret financial data and determine the impact on the company’s financial results
Ability to work equally well as a member of a team as well as independently.
We encourage you to apply if you have:
Bachelor’s degree in finance, economics, accounting, or related field with seven (7) or more years of applicable experience
[OR]Associate’s degree in finance, economics, accounting, or related field with eleven (11) or more years of applicable experience
[OR]High School Diploma with fifteen (15) or more years of applicable experience
Experience in the Finance, Economics, or Accounting related field. Experience working for a utility company is preferred.
Preferred skills:
In this role, you will:
Track actual cash flow and cash balances on a monthly basis, comparing results against budget, prior forecast, and prior year amounts for various periods (Quarters, Year-to-Date, Full Year). Interpret results, develop clear & concise variance explanations, and identify key trends and patterns that would impact forecasts and financial targets.
Complete standardized cash flow and liquidity reporting that will be communicated to the Finance leadership team and, ultimately, the senior management team. This is time sensitive work that often requires accelerated deadlines. Prepare projected Balance Sheet and Statement of Cash Flow Financial Statements for a 2 year period for every monthly forecast, which goes to both Senior Management and Board of Directors. Prepare projected Balance Sheet and Statement of Cash Flow Financial Statements for a 5 year period for annual Financial Plan, which goes to both Senior Management and Board of Directors.
Communicate the status of cash flow and liquidity targets, including presenting to the CFO and other members of the Finance team. As a subject matter expert, answer questions, provide guidance, and perform complex ad hoc analyses as needed for company leaders and business partners throughout the organization.
Track debt interest expense and provide analysis comparing actual expense to budget, prior forecast, and prior year amounts. Also provide the Treasury department and the Finance team with analysis showing the impact of proposed financing transactions on earnings and cash flow targets (as needed).
Communicate directly with the company’s Treasury department on a frequent basis with regards to expected near-term cash inflows and outflows. Lead in assisting Treasury in decisions related to corporate financing and cash on hand, including the timing of debt and equity issuances.
Support the company’s Financial Reporting team with data and analysis related to the statement of cash flows, which is reported in the company’s quarterly filings with the Securities & Exchange Commission (SEC). Provide the same information related to debt covenants, strict financial ratios that the company must report and adhere to in order to maintain good credit standing.
Other non-essential duties as assigned or may be necessary.
Why should you join our team?
At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.
What we offer:
Competitive compensation packages
Medical, Dental and Vision
401k with company match
Paid parental leave
Up to 13 paid Holidays
Paid time off
Educational Assistance Program
Diversity, Equity & Inclusion:
We, at CMS Energy, value Diversity, Equity, & Inclusion. It is part of our DNA. We treat our employees with respect, we treat each other fairly and we value the opinions of others. We are passionate about building and nurturing an environment where everyone feels included. We don’t discriminate. We seek to learn about each other and better understand our unique differences. Our uniqueness makes us authentic. We create safe spaces where everyone can be who they truly are. We invite difficult conversations and uncomfortable topics. We value diverse perspectives; this is what makes us great together. We harbor an inclusive environment where employees feel empowered to share their backgrounds, experiences, and ideas. Our Employee Resource Groups, Women’s Advisory Panel (WAP), Women’s Engineering Network (WEN), Minority Advisory Panel (MAP), Pride Alliance of Consumers Energy (PACE), GENERGY, capable, Interfaith and Veterans Advisory Panel (VAP) are key enablers to living the values of our company culture: Caring, Empowered, Deliberate, Agility, and Ownership.
All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, age, sex, sexual orientation, gender identity or national origin.
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