Professional Career Opportunities - Job Title Details
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Title Information
Utility Financial Analyst Trainee 1, G-14
Occupation Group
Accounting, Auditing and Finance
Salary Information
Starting Salary
$49,202
Career Ladder Information
| Title | Grade | Hiring Rate/yr | Job Rate/yr |
|---|---|---|---|
| Utility Financial Analyst Tr 1 | 14 | $52,198 | $66,634 |
| Utility Financial Analyst Tr 2 | 16 | $58,247 | $74,135 |
| Senr Utility Financial Analyst | 18 | $65,001 | $82,656 |
| Assoc Utility Financial Analyst | 23 | $84,156 | $106,454 |
| Prin Utility Financial Analyst | 27 | $103,784 | $127,830 |
All salary grades for trainees titles are non-statutory (NS) equated to the salary grade identified. These grade equations apply to the starting salaries in their respective salary schedule for the traineeship levels.
Job Description
Utility Financial Analysts analyze the financial condition, cost of capital, financing mechanisms and overall risk profile of utilities. You would analyze the financial relationship with its holding company parent, along with an analysis of the parent company's degree of diversification, and competitive position. Assignments typically involve rate cases, financing proposals, and mergers and corporate restructurings; testifying at public hearings and making presentations
Trainees will receive a combination of structured training, on-the-job training, and/or practical job performance to gain the knowledge and experience necessary to function at the full performance level.
Agencies with this Title
Minimum Qualifications
You must meet the requirements below to qualify for this title.
A bachelor's or higher degree including or supplemented by 9 semester credit hours in finance with an additional 9 semester credit hours in finance, economics, and/or accounting.
Advanced Placement
If chosen, you may, at the agency's discretion, be appointed to a higher level. You must inform the agency of any additional qualifications at your interview.
View Additional Qualifications
For Trainee 2 you must also have:
Either 1. one year of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital; OR
2. A master's or higher degree with at least 18 credit hours in finance, economics, and/or accounting. At least nine (9) of these credit hours MUST be in finance.
For Full Performance Level you must also have:
Either 1. A bachelor's degree including or supplemented by 9 semester credit hours in finance and an additional 9 semester credit hours in finance, economics, and/or accounting; AND two years of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital; OR
2. A master's or higher degree including or supplemented by 9 semester credit hours in finance and an additional 9 semester credit hours in finance, economics, and/or accounting; AND one year of professional experience that includes: analyzing financial/investment practices, assessing financial condition and cost structure, analyzing new securities issues, assessing financial and business risk, and the measurement of the cost of capital.
How to Apply
The November 2022 PCO Examination is closed, applications are no longer being accepted