Professional Career Opportunities - Job Title Details
Utility Financial Analyst Trainee 1, G-14
Accounting, Auditing, Economics and Finance
Utility Financial Analysts perform a variety of financial analysis activities (such as examining overall financial condition, financing mechanisms, review of financial statements, risk, capital structure, cost of debt, cost of equity, diversification, and relative business positions) related to public utility regulation. Employees evaluate all of the financial components involved in utility petitions, rate case filings, forecasting, and special projects, and then make recommendations based on their findings. These positions are located in the Department of Public Service.
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.
Who has this title?
You must meet the requirements below to qualify for this title.
Bachelor's or higher degree with 18 credit hours in finance, economics, and/or accounting. At least nine (9) of these credit hours MUST be in finance.
Most employees will be appointed to the Trainee 1 job title.
Appointments to this job title require a two-year traineeship that starts at the Trainee 1, G-14, and advances, after one year of acceptable performance, to Trainee 2, G-16. After one year of acceptable performance as a Trainee 2, employees advance to the full performance, G-18, job title described above. No further Civil Service examination is required for advancement from Trainee 1 to Trainee 2, or from Trainee 2 to the full performance job title. For additional appointment information, see the Appointments tab in the PCO Overview.
Advanced Placement Appointments - For most trainee titles, employees may be able to be appointed directly to the Trainee 2 level or to the full performance title if they meet certain qualifications. This is known as advanced placement and is at the discretion of the hiring agency. View the qualifications for advanced placement, at: https://www.cs.ny.gov/pco/advanced.placement.MQ.pdf.
Appointment to the Full-level title - This job title is also filled at the Full-level (G-18). See the Select Job Title information for Senior Utility Financial Analyst to review the additional qualifications for the full performance level title.
To apply for the examination for this PCO Select Job Title you must apply for the PCO examination by February 22, 2017, fill out and submit the PCO Questionnaire by April 5, 2017, and take the PCO written test in April of 2017. The application for and information about the PCO examination is at: https://www.cs.ny.gov/pco/.