Director, Rate and Revenue

Position Summary

The Director, Rate & Revenue position is responsible for managing the rate mechanisms and cost of service through which the company recovers costs, sets customer prices, and ensures regulatory compliance. This role will oversee developing and implementing cost recovery mechanisms and regulatory strategy initiatives. Responsibilities also include proposing solutions to key business issues, when necessary, and making oral and written testimony and support to federal and state regulatory agencies. This position will oversee and develop team members under his/her direction.

Responsibilities

• Develop and implement rate-making strategies (general rate cases, formula rates, infrastructure riders) that align with the company, regulatory and customer needs.
• Determine the necessary revenue needed to cover costs and earn a fair return, including conducting cost-of-service studies.
• Prepare and present comprehensive regulatory and revenue reports and forecasts to senior management and stakeholders.
• Lead the development of testimony, exhibits, and discovery responses for state public utility commissions (PUCs) or other regulatory bodies.
• Forecast, budget, and monitor rates and regulatory activities; perform sensitivity analyses of revenues to load forecasting errors.
• Oversee the development, filing, and maintenance of company tariff programs.
• Collaborate with internal departments (finance, legal, operations) and represent the utility with external stakeholders, including regulators and intervenors.
• Direct and develop staff specialized in regulatory analysis, rate design and revenue modeling.

Requirements

• Deep understanding of revenue management techniques, pricing strategies, forecasting, cost-of-service regulation, FERC operations, and state-specific regulatory/legislative processes.

Qualifications

• Bachelor of Science in finance, accounting, economics, business or other related field
• Ten (10) years of experience in utility finance, rate design or regulatory strategy with a minimum of five (5) years in a leadership role

Skills

• Expert proficiency in financial modeling and data analysis
• Advanced skills in MS Excel, proficiency in MS Word, and PowerPoint
• Excellent verbal and written communication skills
• Ability to develop and maintain strong relationships
• Excellent leadership and team management abilities with the capacity to motivate and guide a team to deliver results
• Regular Driver’s License

Benefits

• Flexible work arrangement
• Competitive base salary
• Fantastic opportunities for career growth
• Cooperative, supportive and empowered team atmosphere
• Annual bonus and salary increase opportunities
• Monthly recognition events
• Endless wellness initiatives and community events
• Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!
• Paid time off, holidays and a separate bank of sick time!