Regulatory Analyst I or II
Directly supports leadership in all aspects of the regulatory reporting process for assigned jurisdiction(s). Prepares and assists in presenting information for filings with the appropriate Commissions and/or regulatory body and internal decision making. Partner with Operating Companies, finance, accounting and regulatory in policy development and coordinating their joint efforts to develop consistent policy positions.
Supports projects, analysis and research that support regulatory reports and compliance filings for Natural Gas and Electric Utility Companies across Black Hills Corporation. Prepares and files monthly and quarterly informational reports with various state and federal regulatory agencies.
SALARY RANGE: $53,050 – $94,200 (Determined by the knowledge, skills and abilities of the applicant.)
REPORTING RELATIONSHIP: Manager Regulatory & Finance, Revenue Requirements
LOCATION: Rapid City, South Dakota
- To learn more about our locations, please visit the locations page on our career website.
- Relocation assistance is available for this position! Package is based on distance/complexity of the move, and individual circumstances. Contents of our relocation program are subject to change and may vary based on position.
ESSENTIAL JOB FUNCTIONS:
- Support all company efforts to ensure that the utilities within assigned jurisdiction(s) report accurate financial and operating information and receive adequate and timely recovery of its costs.
- Use analytical skills to develop a solid understanding of various ratemaking policies and concepts, including revenue requirements, cost allocation, cost of service, rate of return, regulatory accounting and the time value of money.
- Assist in supporting the ongoing relationship between the Company’s assigned jurisdiction(s) and the Public Utility Commission(s) of the assigned jurisdiction(s), Federal Energy Regulatory Commission, US Energy Information Administration, etc. by providing timely, accurate reports that help establish regulatory rapport with the Staff and other members of the external regulatory community.
- Present analytical conclusions (orally and in writing) to management, and other constituents in an organized, concise and timely fashion.
- Monitor, review and analyze federal and state regulatory requirements and industry issues for electric and gas operations and keep department leadership apprised of findings.
- Monitor filing due dates and plan resources to meet all deadlines accurately and on time.
- Support business-specific research, analyze data, interpret results and make recommendations that align with Company policies and initiatives.
- Participate in the development of regulatory policies and initiatives that support business strategies, which support the Company’s long-term regulatory goals, and support the financial health of the Company.
- Research and communicate the proper interpretation of rates, rules, and terms and conditions of service to company personnel through written and verbal communications.
- Support customer service with the implementation of tariff changes and/or new tariffs. Establish and maintain a test protocol to verify changes.
- Obtain, analyze and interpret Company financial and statistical data to be used in regulatory reports, filings and studies.
- Develop and maintain written documentation of procedures for completing regulatory reports including management review.
- Monitor filing due dates and plan resources to meet all deadlines accurately and on time.
- Prepare annual performance plan consistent with job expectations.
- Support complex data analysis to inform decision making, design and file financial models for concurrent cost recovery riders and adjustments clauses.
- Participate in various internal and external stakeholder groups in order to develop and implement the Company’s strategic action plans.
- Provide financial reporting and analysis that serve as foundation for the development of rate strategies and rate design.
- Assist in the development of communication plans to inform customers of changes in services and rates.
- Support utility efforts to respond to customer complaints to the commissions.
- Keep supervisor informed of project work status.
- Prepare testimony drafts that explain complex financial concepts to non-financial professionals.
- Maintain professional working relationships with all employees, regulators, commission staff, business associates, consultants and customers.
- Analyst I: One to three years of accounting or finance related experience preferred.
- Analyst II: Three to five (3-5) years of accounting or finance related experience.
- Relevant experience to the utility regulatory processes preferred.
- Bachelor’s degree in a relevant field, such as Business, Accounting or Finance, Engineering or equivalent experience required.
- Master’s degree in a relevant field such as Business, Accounting or Finance, or equivalent preferred.
- Understanding of the utility regulatory process and rate analysis for both gas and electric utility service
- Familiarity with Cost of Service studies, development of adjustment clauses or equivalent experience a plus.
- In-depth knowledge of accounting and financial concepts.
- Strong interpersonal skills. Effective collaboration skills and excellent oral and written communication skills.
- Excellent user capabilities with MS Office software (proficiency in Word, Excel, Outlook and PowerPoint. Experience working with database and collaborative software tools (Workiva, FileNet, Sharepoint, etc.)
- Strong quantitative and analytical skills, and the ability to perform complex analysis.
- Ability to prioritize and organize work; demonstrated ability in developing and maintaining project schedules.
- Ability to manage multiple tasks/projects in a fluid work environment; accurately perform required tasks and meet deadlines while paying close attention to detail.
- Ability to demonstrate initiative and to work independently as well as with a team.
- Ability to interpret, analyze and enhance rate tariffs and schedules.
MENTAL/PHYSICAL REQUIREMENTS AND WORKING CONDITIONS:
The mental and physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Mental Requirements: Ability to understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Ability to apply common sense in performing job functions, usually within a set of rules or guidelines.
While performing the duties of this job, the employee is continuously (67% or more) required to: use fingers and hands, communicate, and have close visual acuity. Employee is frequently (34-66%) required to: ascend/descend stairs, position self to access lower items, and move about the office. The employee may occasionally (less than 33%) be required to: climb, balance, stoop, kneel, crouch, crawl, push, pull and reach. Employee must be able to operate routine office equipment including computers and similar equipment. Must be able to routinely perform this work for an average of 6-8 hours per day and occasional extended hours as necessary. Must be capable of regular, reliable, and timely attendance.
Specific lifting abilities required by this job include: Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or continuously to lift, carry, push, pull or sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
Work environment: Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise level. Must be capable of occasional travel (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities.
This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the collective bargaining unit agreement will apply.
About our Company: We are a customer focused, growth-oriented utility company that is devoted to our communities. We have a mission to improve life with energy and a vision to be the energy partner of choice. Our diverse culture sparks unique perspectives, opening doors to new ideas and possibilities. Based in Rapid City, South Dakota, we have over 2900 employees and serve 1.2 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).
Enjoy our Comprehensive Benefits Package: annual incentive program, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, military leave differential pay, paid holidays and annual floating holidays, company paid short term and long term disability, paid maternity and paternity benefits, health and wellness program, and competitive medical, dental and vision insurance.
Candidates must successfully pass a pre-employment drug screen and background check.
Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.
EOE, Including disability/vets.
Learn more here
Job posted: 2020-06-05