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Financial Analyst

Company: American Water
Location: Charleston
Posted on: June 1, 2024

Job Description:

Share Our Purpose. Be Yourself. Feel Valued.

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

We are Beautifully Different . We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing - by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water's 6,500 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.

American Water has been recognized on the 2023 Bloomberg Gender-Equality Indexfor the fifth consecutive year, ranked 18th on Barron's 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency's WaterSense - Excellence Award, among additional state, local and national recognitions.

For more information, visit and join American Water on LinkedIn , Facebook , Twitter and Instagram .

West Virginia American Water is seeking a Financial Analyst to join our team in Charleston, WV. If you are a financial professional who has experience tracking budgets, analyzing data, and managing projections using technical tools, we want to hear from you! The Financial Analyst role will be responsible for working with budgets for our large capital projects. Our ideal candidate will have experience in the utility and/or construction space.

Primary Role

Responsible for all financial aspects of all Capital Construction Program Management (CPM) and associated governance for the respective Operating Unit(s) related to policies, controls, and reporting of construction related activity. Assist in the strategic enhancement of the Operating Unit's capital project program to meet key business drivers. Serves as a company wide resource for financial aspects of the Company's construction program.

Key Accountabilities

  • Responsible for the initiation and preparation of the 5-Year Capital Business Plan and monthly construction spend reforecasts within SAP and Invizion software in conjunction with the engineering lead.
  • Analyzes and assures that all financial information is sound including updates with actuals, preparing monthly journal entries correcting all aspects of capital accounting, material reports for both operations and engineering upon request, verification of engineering OH calculation, calculation of AFUDC, and reflection of in service dates for depreciation forecasting. (30%)
  • Functions of the lead role for monthly Functional Sign Off (FSO) and CPM meetings.
  • Responsible for development of agenda and minutes for approval of projects, preparation and validation of monthly SOX Controls, and overall review of the capital program budget. (15%)
  • Design and develop training programs for project managers specific to the financial aspects and use of SAP and PowerPlant related to engineering / capital projects and software upgrades.
  • Provides input and testing for potential enhancements and modifications to SAP and PowerPlant. Serves in the lead role for training and other company-wide capital budget initiatives. (20%)
  • Perform all monthly, quarterly, yearly, and ad hoc capital budget reporting using SAP, PowerPlant and other tools for both internal purposes and external purposes where applicable (State President, Corporate, SOX, Legal, Public Service Commission, etc.).
  • Develops State and / or District specific reports as needed. Provide support to all company rate filings in relation to general rate filings, DSIC filings, and data requests.
  • Prepare yearly DSIC construction spend reconciliation for PSC. (15%)
  • Serve as primary liaison between Engineering/Capital and Accounting, Finance, Rates, Tax, and Utility Plant Accounting on all CPM topics.
  • Ensures all capital financial data and costs are accurately provided to the Finance Representative.
  • Prepares all adjustments to actual for developer main extensions and fire service projects.
  • Responsible for calculating main extension refunds and record keeping of expired main extension agreements. (15%)
  • Provide support on Enterprise Solution projects and initiatives related to Capital Project Management including, but not limited to, the development of policies and practices, and selection and implementation of software tools. (5%)


    • Excellent Microsoft Office skills (Word, Excel, PowerPoint).
    • Knowledge of PowerPlant.
    • Outlook experience.
    • Knowledge of Invizion (budgeting software).
    • Knowledge of water and / or wastewater engineering and / or operations.
    • Strong SAP knowledge.


      • Bachelor's degree required in business, accounting, finance, or engineering
      • Five (5) years of relative work experience, post bachelors.

        Travel Requirements

        • 5-10% within respective operating unit(s).
        • Occasional travel outside of respective operating unit(s).


          • Full-time
          • Monday-Friday, day shift


            • Champions safety
            • Customer obsessed
            • Cultivates innovation
            • Nimble learning
            • Drives Results
            • Collaborates

              Join American Water... We Keep Life Flowing ---

              American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

              Nearest Major Market: Charleston West Virginia

Keywords: American Water, Charleston , Financial Analyst, Accounting, Auditing , Charleston, West Virginia

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