Financial Analyst

WBS, a subsidiary of WEC Energy Group, is seeking a Financial Analyst in our Milwaukee, Wisconsin location. The Financial Analyst is part of a job family and experience will be the determining factor in level offered.

Job Summary

This position is accountable for supporting the Treasury and Insurance groups at WEC Energy Group and subsidiaries, including We Energies, Wisconsin Public Service and various other companies within WEC Energy Group.
 

Job Responsibilities

• Support the procurement, renewal, and record keeping of all corporate insurance. 
• Support the information collection and submittal process for insurance renewals.
• Support the corporate claims process in coordination with Legal, HR and Accounting.  
• Assist with managing the insurance budget and providing accurate current estimates and tracking deviations. 
• Support the review, processing and tracking of insurance policies.
• Financing – support the long-term debt financing process by preparing offering documents, pro forma financial statements and responding to investor diligence.
• Accounting – ensure appropriate accounting related to WEC debt portfolio and reconcile daily cash activity between the bank and accounting system.
• 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.
• Monitor Collateral – track the details of guarantees and letters of credit from counterparties for terms and expiration dates to keep them current.
• Prepare annual RFP’s - work with Gas Purchasing to assign available credit amounts to the various counterparties who sell natural gas to our 8 utilities relating to the long term winter contracts.

 

Other

• Respond to data requests from internal and external stakeholders (insurers, regulators, auditors, etc.)
• Prepare monthly cash account reconciliations
• Work with customer service to reconcile customer payments to the customer service system
• Incumbents will conduct increasingly complex assignments depending on level. 
• The 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

• Bachelor’s degree in Business Administration, Information Systems, Computer Science, Engineering, or related discipline is required
• Strong analysis, decision making and problem solving skills
• Excellent interpersonal and communication skills (both written and verbal)
• Excellent organizational skills with the ability to balance multiple tasks under time constraints
• Ability to work as part of a team and interact effectively internally or virtually with others
• Proficient in standard office software (MS Excel, Visio, Word)
• Associate position is entry level - some relevant experience is preferred.

Preferred Qualifications

• Bachelor’s degree in Accounting, Economics or Finance
• 3+ years of relevant experience
• Strong attention to detail and the ability to manage competing priorities among several stakeholders
• Experience using SAP
• Experience using Bloomberg
• CTP, CFA or CPA preferred
• Experience with issuing public and private debt

End Date: 01/29/2024 

 

We reserve the right to modify the application deadline or discontinue accepting applications for any position if deemed necessary.

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WEC Energy Group and its subsidiaries are Equal Opportunity / Affirmative Action employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other protected class.

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