Analyst
WBS, a subsidiary of WEC Energy Group, is seeking an Analyst in our Milwaukee, Wisconsin location.
This position is part of a job family (Associate Analyst, Analyst, Senior Analyst, Lead Analyst), where experience will be the determining factor.
WEC Energy Group is one of the nation's largest electric generation and distribution and natural gas delivery holding companies serving 4.7 million customers across the Midwest. We are committed to providing clean, reliable, and affordable energy in an environmentally sustainable manner. Customers are the heart of our business, and we work every day to help grow and support communities where we provide vital energy services.
As a Fortune 500 company, we value and develop our employees who are making a difference in a mission that matters. We don't just offer a job; we provide fulfilling careers where safety and well-being are paramount. Join our team and experience first-hand our commitment to your success. We offer competitive pay and benefits to recognize your hard work and dedication.
If you're talented, energetic and ready for a career with a future, we want you on our team. We are powered by a diverse and inclusive workforce fueled by the pride in what we do. If you're driven by the passion to change lives, this is the place for you.
Job Summary
This position is accountable for supporting the Treasury & Risk Management Group at WEC Energy Group and subsidiaries, including We Energies, Wisconsin Public Service and various other companies within WEC Energy Group.
Job Responsibilities
Responsibilities include :
- Credit Evaluations - examine the financial statements and ratings of about 100 counterparties we engage in transactions with in the natural gas market and energy market, including very large customers as part of a proposed electric rate tariff in Wisconsin
- Monitor Collateral track the details of guarantees and letters of credit from counterparties for terms and expiration dates to keep them up to date
- Financing Support the long-term debt and equity financing process by preparing offering documents including derivative contracts, pro forma financial statements and responding to investor diligence
- Compliance Perform compliance related work activities to ensure compliance with long-term debt portfolio and equity issuances for WEC and subsidiaries and respond to investor inquiries. Includes coordinating and executing various required financing agreements and documents, tracking and reporting on derivative contracts, bank conference calls, due diligence meetings, and preparation of board resolutions, PSCW applications, and SEC filings
- Reporting prepare debt and equity-related reporting for SEC filings, regulatory and internal management
- Accounting ensure appropriate accounting related to WEC debt portfolio along with equity issuances and oversee our daily cash reconciliation activity between the bank and accounting system including serving as a backup to the analyst that performs the daily activity
- Other
Respond to data requests from internal and external stakeholders (investors, regulators, auditors, etc.)
Incumbents will conduct increasingly complex assignments depending on levelThe senior levels will provide work direction to teammates and assist in the prioritization of their work load, provide training to departmental staff and clients, and will proactively take the lead role in improving processes, technologies and business solutions.Minimum Qualifications
Qualifications include :
Bachelor's Degree required in Finance, Accounting, Economics or a closely related fieldAbility to maintain, run and analyze reports from various ERP systems and reporting toolsExperience with SAP, SAP BW and SAP BusinessObjects AnalysisUnderstand aspects of accounting theory and financial statement classificationDocument advanced processes and procedures in ways easily understood and followed by othersIndependent, mature and professional worker and analytical thinker with an ability to conduct research, data analysis and resolve increasingly complex problemsStrong presence with the ability to interact with Finance LeadershipCompile and present various financial reports to manager and director level managementUnderstand specific aspects of accounting theory and financial statement classification related to assigned areas of responsibilityDemonstrate ability to understand and execute moderately complex financial controlsPreferred Qualifications
Preferred qualifications include :
Bachelor's degree in Accounting, Economics or Finance2-5+ years of relevant experienceStrong attention to detail and the ability to manage competing priorities among several stakeholdersExperience using SAPExperience using BloombergCTP, CFA or CPA preferredExperience with credit evaluations and collateral monitoringThe pay range reflects the minimum and maximum for the position at the time of posting and may be modified in the future. The starting salary / pay within the pay range will be based on several factors, as applicable, but not limited to, relevant education, qualifications, certifications, experience, skills, geographic location, shift, travel requirements, collective bargaining agreements, and business and organizational needs. At WEC Energy Group, it is not typical for an individual to be hired at or near the top of the range for their role.