While you cannot predict every question, reviewing common themes will help you build a mental library of adaptable answers. The questions below reflect the patterns frequently seen by candidates interviewing for this role at Dominion Energy. Use them to practice structuring your thoughts, particularly your approach to variance and hypotheticals.

Financial Statements & Variance Analysis

These questions test your technical competence and your ability to perform the core duties of the role accurately.

• Walk me through the three financial statements and explain how they are connected.
• How would you structure an in-depth variance analysis for a business unit that missed its quarterly budget by 10%?
• Explain the difference between capitalizing and expensing an asset. How does each impact the income statement?
• If you notice a significant discrepancy in a financial report right before a presentation to a director, what steps do you take?
• Can you describe a complex financial model you built from scratch? What were the key inputs and outputs?

Situational & Behavioral

These questions evaluate your cultural fit, your resilience, and your ability to work within a team environment.

• Tell me about a time you had to push back on a stakeholder who provided you with unrealistic financial assumptions.
• Describe a situation where you had to quickly learn a new process or system to meet a tight deadline.
• Walk me through a time you made a mistake in your analysis. How did you catch it, and how did you rectify it?
• How do you handle working with a team member who is unresponsive when you need their data to complete your reports?
• Tell me about a time you identified an inefficiency in a financial process and successfully implemented an improvement.

Industry & Current Events

These questions gauge your interest in Dominion Energy and your awareness of the macroeconomic factors impacting the business.

• What current events have you been following that could impact the energy and utility sector?
• Why do you want to work for Dominion Energy?
• How do you think the push for renewable energy impacts the financial planning of a traditional utility company?
• Explain a recent business or economic news story and how it might affect our supply chain or capital costs.

Deep Dive into Evaluation Areas

To succeed in your interviews, you must master the specific technical and behavioral areas that Dominion Energy prioritizes. The panel will probe deeply into your practical experience and your theoretical understanding of corporate finance.

Variance Analysis and Reporting

Variance analysis is arguably the most critical technical skill tested in this interview process. You must be able to explain not just what the variance is, but why it occurred and what the business should do about it. Interviewers, particularly business group directors, will conduct in-depth assessments of your ability to compare actual financial outcomes to budgets and forecasts. Strong performance means demonstrating a structured approach to root-cause analysis and showing how you would communicate these findings to operational leaders.

Be ready to go over:

• Budget vs. Actuals: Explaining the mechanics of identifying discrepancies.
• Root Cause Identification: Linking financial variances to operational drivers (e.g., weather events, supply chain delays, maintenance outages).
• Forecasting Adjustments: How to update rolling forecasts based on recent variance trends.
• Advanced concepts: Capital expenditure (CapEx) vs. Operational expenditure (OpEx) variance in large-scale utility projects.

Example questions or scenarios:

• "Walk me through a time you identified a significant negative variance. How did you investigate it, and how did you present your findings to management?"
• "Here is a short assessment showing budgeted versus actual expenses for a business unit. Identify the three most concerning variances and explain your hypothesis for why they occurred."
• "How would you handle a situation where an operational leader disagrees with your variance report?"

Financial Statements and Core Accounting

A deep understanding of the three core financial statements is non-negotiable. Dominion Energy expects its analysts to understand how operational decisions flow through the income statement, balance sheet, and cash flow statement. You will be evaluated on your ability to connect these statements and understand the nuances of corporate accounting, particularly as it relates to asset-heavy industries.

Be ready to go over:

• Statement Linkage: How a single transaction impacts all three financial statements.
• Depreciation and Amortization: Crucial for a company with massive physical infrastructure.
• Capitalization Rules: Understanding when costs should be capitalized versus expensed.

Example questions or scenarios:

• "Walk me through the three financial statements and explain how they link together."
• "If Dominion Energy purchases a new piece of equipment for a power plant, walk me through the impact on the financial statements from the day of purchase to year one of depreciation."
• "How does issuing new debt to fund a renewable energy project impact our cash flow and balance sheet?"

Situational and Hypothetical Problem Solving

Because the energy sector is highly dynamic, your interviewers will present hypothetical scenarios to test your critical thinking and adaptability. Strong candidates do not rush to an answer; instead, they ask clarifying questions, outline a logical framework, and demonstrate how they would collaborate with others to find a solution.

Be ready to go over:

• Ambiguity Management: Making reasonable financial assumptions when data is incomplete.
• Cross-Functional Collaboration: Working with engineers, plant managers, and regulatory experts.
• Prioritization: Managing competing deadlines during critical periods like month-end close.

Example questions or scenarios:

• "Imagine you are tasked with building a financial model for a new initiative, but the project manager has not provided you with all the necessary cost estimates. How do you proceed?"
• "Tell me about a time you had to explain a complex financial concept to a non-financial stakeholder."
• "If two different business units need urgent ad-hoc reporting by the end of the day, how do you prioritize your time?"

Industry Knowledge and Current Events

Dominion Energy does not operate in a vacuum; it is heavily influenced by regulatory policies, commodity prices, and the global push toward sustainability. Interviewers will expect you to have a pulse on current events affecting the utility sector. You do not need to be an energy policy expert, but you must show intellectual curiosity about the industry.

Be ready to go over:

• Energy Transition: The shift from coal to natural gas, nuclear, and renewables.
• Regulatory Environment: Basic understanding of how utilities are regulated and how rates are set.
• Macroeconomic Factors: How interest rates and inflation impact capital-intensive businesses.

Example questions or scenarios:

• "What current events or trends do you see having the biggest impact on the utility industry over the next five years?"
• "How do you think a rising interest rate environment affects a company like Dominion Energy?"
• "Why are you interested in the energy sector specifically?"