State of Montana Utility Rate Analyst in Helena, Montana
APPLICATION DEADLINE: OPEN UNTIL FILLED, INITIAL SCREENING WILL BEGIN 12/11/2020
A Utility Rate Analyst in Department of Public Service Regulation provides the Public Service Commission analysis and advice regarding accounting, financial, technical, operational, and policy issues related to the regulation of public utilities. Some work-related travel is required. This Rate Analyst position is currently housed in the Department’s Revenue Requirements Bureau. Typical duties for this Rate Analyst position include: analyzing and evaluating utility rate applications and other regulatory filings and issues from financial, accounting, and business perspectives to determine the reasonableness of revenue requests, capital structures, rates of return, rate changes, and other proposals; developing data requests and cross-examination of utility and intervener witnesses for rate hearings; auditing utility financial records and information; preparing documents that summarize testimony and issues that may be examined during public hearings; analyzing record evidence, formulating conclusions on ratemaking and policy issues, and presenting the conclusions in writing and verbally at Commission business meetings and work sessions; preparing reports to support analysis; preparing accounting orders; assisting in the preparation of Commission orders or notices; assessing the regulatory impacts of draft legislation; at direction of the Commission, representing the Commission in outside proceedings of interest to the Commission.
APPLICATION AND SELECTION PROCESS
Selection procedures to be used in evaluating applicant’s qualifications may include, but are not limited to: an evaluation of the application; an evaluation of education, training and experience; an evaluation of answers to supplemental questions; a structured oral interview; and reference checks.
All applicants must submit two writing samples that demonstrate the applicant’s ability to address a technical subject or issue and effectively communicate information about it, preferably including the applicant’s analysis and conclusions.
All applicants must submit answers to supplemental questions.
All applicants selected for interviews will be required to submit a certified college transcript prior to the interview.
All applicants must submit a cover letter and resume.
All applicants must include the names and telephone numbers of three work-related references.
A core function of the Montana Public Service Commission is to determine revenue requirements for regulated public utilities. Conceptually, a utility’s revenue requirement first provides for the recovery of costs incurred by the utility to provide its regulated services. Secondly, the revenue requirement must provide a fair return on the utility capital investments that are dedicated to public service and funded by investors.
What primary cost categories make up a regulated utility’s revenue requirement? Please provide a brief description of each cost category.
What standards and criteria do regulatory commissions such as the Montana Public Service Commission apply to the costs listed in response to Question 1 before including them in a utility’s revenue requirement?
LATE OR INCOMPLETE APPLICATIONS WILL BE REJECTED
A Bachelor’s Degree in Accounting is preferred and applicants that have also achieved a Certified Public Accountant (“CPA”) designation will be given preference over other applicants without the CPA designation, and the salary offer for a CPA will be adjusted upwards appropriately. Degrees in other areas such as Mathematics, Finance, Business Administration, Economics, or a related field will also be considered. A minimum of 1-2 years of job-related work experience is desired, although an advanced degree or work towards an advanced degree in one of the acceptable degree areas may be allowed to substitute for job-related work experience.
The successful applicant should have considerable knowledge of utility accounting and ratemaking theory and law, statistics, spreadsheet applications, current utility industry events, federal regulatory policies, and PSC rules and policies. The ability to provide verbal and written presentations of complex topics to non-expert audiences is essential. The Utility Rate Analyst must organize workloads in such a manner that assignments are completed on time with minimal supervision. Skill in cooperating and coordinating with other staff on work teams is necessary.
Title: Utility Rate Analyst
Requisition ID: 20142633