Regulatory And Finance Analyst I Or II - Revenue Requirements

Job Specifications

Support the manager in all aspects of the regulatory and financial process for assigned jurisdiction or function to achieve success for the customer and company. Support and assist in the preparation, presentation, and reporting of information for internal decision-making and filings with the appropriate Commissions and/or regulatory body. Support and assist in the development of regulatory policies and initiatives that support business strategies, including the development and filing of rate case applications Support projects, analysis and research that support regulatory reports and compliance filings.

SALARY RANGE: (Determined by the knowledge, skills and abilities of the applicant.)

Level I: $58,900 – $88,400

Level II: $69,800 - $ 104,800

REPORTING RELATIONSHIP: Manager, Regulatory and Finance

LOCATION: Our Corporate Headquarters in Rapid City, South Dakota

• You’ll find this is the ideal community to live, work and do business in. With hiking trails, the Black Hills, Mount Rushmore and Badlands National Park in your backyard, there are endless opportunities to enjoy nature. 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.
• Obtain, analyze, and interpret Company financial and statistical data to be used in regulatory reports, filings, and studies.
• 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.
• 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.
• Present analytical conclusions (orally and in writing) to management, and other constituents in an organized, concise and timely fashion.
• 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.
• 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.
• Perform financial and operational calculation regarding metrics based on key business drivers that provide necessary insight to assist management’s business decision making as directed.
• Interpret the regulatory directives contained within PUC decisions and rulings; provide advice and guidance regarding compliance with regulatory laws, rules and requirements as directed.
• Support state regulatory process by interpreting financial data and information including 5-year planning on rate case strategies.

ADDITIONAL RESPONSIBILITIES:

• Support business-specific research, analyze data, interpret results, and make recommendations that align with Company policies and initiatives.
• Assist in the development of models for the evaluation of new business alternatives that incorporate analysis of the key variables.
• Prepare annual performance plan consistent with job expectations.
• Assist in developing and maintaining logical and flexible financial models that produce a full set of financial statements utilizing existing tools and software in an efficient manner.
• Support complex data analysis to inform decision making, design and file financial models for concurrent cost recovery riders and adjustments clauses.

QUALIFICATIONS:

Level I

• No experience required. Training provided.
• Bachelor’s degree in Engineering, Business, Accounting, Finance, Economics or relevant field or an equivalent combination of education and experience required.

Level II

• Minimum of (3) three years’ experience in regulatory, finance or accounting required.
• Bachelor’s degree in Engineering, Business, Accounting, Finance, Economics or relevant field or an equivalent combination of education and experience required.

KNOWLEDGE/SKILLS/ABILITIES:

• In-depth knowledge of accounting and financial concepts
• Understanding of the utility regulatory process and rate analysis for both gas and electric utility service preferred.
• Familiarity with cost-of-service studies, development of adjustment clauses, or equivalent a plus.
• Advanced Excel modeling skills.
• Ability to interpret, analyze and enhance complex written documents.
• Strong problem solving and analytical skills.
• Good understanding of financial statements and how they drive the business.
• Strong quantitative and analytical skills, and the ability to perform complex analysis.
• Self-motivated with excellent organizational skills and the ability to handle multiple projects effectively in a dynamic, fast-paced environment while meeting deadlines.
• Strong documentation skills.
• Excellent verbal and written communication skills.
• Ability to work effectively in a team environment.
• Ability to maintain strict confidentiality of business information.
• Ability to recommend conclusions with minimal supervision.
• Recommend and implement process and technology improvements.

MENTAL/PHYSICAL DESCRIPTIONS AND WORKING CONDITIONS:

The mental and physical descriptions are representative of the activities an employee in an office job performs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mental description: Understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Apply common sense in performing job functions, usually within a set of rules or guidelines.

While performing the duties of this job, the employee continuously accesses, inputs, and retrieves electronic information and communicates regarding the information. Employee frequently moves about the office space. 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 moving about is only occasionally and all other sedentary criteria are met.

Work environment: Routinely perform work indoors in climate-controlled shared work area with moderate noise level. No travel is required for this position.

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 (based on percentage of eligible earnings), 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 Corporation does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

Black Hills Corporation is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran.