Director of Budget

The Director, Budget assists in fulfilling LIPAs purpose of clean, reliable, and affordable electric service for our customers on Long Island and the Rockaways through the development of the LIPA Consolidated Budget and Financial Plan as well as monitoring of actual spending compared to the budget. The position plays a pivotal role in managing financial operations and ensuring fiscal responsibility. This leadership position is responsible for overseeing all aspects of budgeting, financial planning, and analysis to support LIPAs strategic goals and efficient operations. Fostering a collaborative and productive work environment, the Director, Budget will lead a budget team providing guidance, mentorship, and training. This position is responsible for participating in the development of: LIPAs strategic plan, aligning financial goals with the strategy; Communicating budgetary goals, financial performance, and strategic priorities to internal and external stakeholders; Engaging with investors, regulatory bodies, and community groups as needed. Essential Job Functions include: Oversees development of LIPAs consolidated budget process which includes the Service Providers operating and capital budget (and separately the annual budget for UDSA) and monitors impact to revenue requirement monitoring the necessity of a rate case. Leads development of comprehensive budgets that include operating expenses, capital expenditures, and revenue projections. Creates and manages the budgeting timeline and process. Works with Service Provider to ensure a thorough understanding of the budget funding levels, including an understanding of the operational work plans, regulatory, and contractual elements that support the funding levels. Oversees the development of financial models and forecasting tools to project long-term revenues, expenses, and capital requirements Collaborates with senior management to establish annual and long-term budgetary goals and objectives and ensures departmental budgets align with the overall organizational goals and strategic plan. Monitors budget performance throughout the fiscal year, identifying variances and implementing corrective actions as needed. Leads the review of budget requests and modifications and preparation for approval. Acts as a liaison between LIPA and Service Provider for budget and financial analyses and monitors spending versus budget to identify risks and opportunities leading to the variance analysis for the Finance and Audit Committee. Supports LIPA teams to set a financial plan for capital projects and monitor progress of work to spending levels. Collaborates with regulatory and legal teams to navigate rate approvals and compliance. Prepares and presents financial reports to senior management, the Board of Trustees, and regulatory agencies. Ensures accurate and timely financial reporting in compliance with accounting standards and regulatory requirements. Identifies financial risks and develops strategies to mitigate them. Supports risk management programs. Bachelors Degree in Accounting, Finance, Business Administration, Public Administration, Economics or a related field Ten (10) years of related experience to successfully perform the job duties and responsibilities Seven (7) years of Supervisory/Management experience Strong financial analysis and acumen, organizational, and creative thinking skills, and ability to be flexible and self-motivated Demonstrated leadership skills Able to communicate effectively verbally and in writing as appropriate for the needs of the audience Strong problem-solving skills Able to utilize financial software and systems for budgeting, financial analysis, and reporting Skilled in networking and building effective working relationship with colleagues, service providers, Preferred Qualifications Masters Degree - MPA, or MBA Utility finance or similar industry experience with a focus on budgeting and related operational analysis.