The role of a regulatory financial analyst is a non-traditional accounting/finance role where you will be working cross functionally to support regulatory filings submitted to the state regulators: New Hampshire Public Utilities Commission ("NH PUC") or the Massachusetts Department of Public Utilities ("MA DPU"). As a regulatory financial analyst, you will be responsible for reconciling revenues and expenses used in various cost tracking mechanisms. You will prepare schedules to be included in distribution regulatory filings for the Eversource electric and gas operating companies of New Hampshire or Massachusetts. You will play a key role in driving regulatory strategy, supporting information requests and questions received from the state utility commissions, consumer advocates and other stakeholders, while supporting the expert witnesses testifying to each filing.
Our Team:
We have a unique opportunity to grow our Revenue Requirements team. The regulatory and revenue requirements team works to ensure a fair financial balance among the interests of regulators, customers, and shareholders through various legal proceedings in the state of New Hampshire and Massachusetts.
Our team is at the center of ensuring Eversource is compliant with the regulatory requirements in Massachusetts as a public utility company - we offer a great career growth within our team and company.
The role is a hybrid role based in Manchester-NH, Westwood-MA, or Berlin-CT for three days a week and remotely for two days a week .
Essential Functions:
Responsible for compiling financial and accounting information related to revenue filings submitted with the state regulator.
Supports the testimony of the expert witness (representing the Company) before the state regulator on topics covering a multitude of regulatory issues, such as reconciling filings (or cost trackers) related to:
Distribution rate cases
Basic/Default Energy Service and Generation Transition Charges
Storm Cost Recovery
Low Income Arrearage Forgiveness and Residential Assistance Programs
Energy Efficiency
Vegetation Management
Solar/Battery/Energy Storage Programs
Electric Sector Grid Modernization Plans
Advanced Metering Infrastructure Programs
Electric Vehicle Infrastructure Programs
Geothermal Programs
Supply Cost of Gas Adjustments
Gas System Enhancement Programs
Eversource annual budget and business plan forecasts for the above-mentioned programs
Communicates complex issues and results of financial analysis in terms that are accessible for relevant internal and external stakeholders (management, external counsel, state regulator, consumer advocate etc.)
Prepares and owns work papers in support of company filings and information requests received from various internal and external stakeholders.
Docket management of regulatory proceedings to ensure deadlines are known and met
Contributes to streamlining or improving existing procedures and eliminating or replacing outdated processes
Identifies and raises to manager any potential regulatory risks, impediments, and communicates progress against goals
Maintains knowledge of current industry trends and industry-related legislation pertinent to the business area
Ability to work in an operating environment that requires both the understanding and the appropriate application of generally accepted accounting and economic principles and ratemaking/regulatory principles
Qualifications:
Technical Knowledge/Skills:
The Analyst must be comfortable interacting with third parties such as lawyers, consultants, and regulatory staff in multiple states, and peers within industry
Ability to work in a fast-paced environment in order to meet regulatory deadlines
Strong knowledge of basic accounting theory and financial principles
Strong knowledge of accounting practices and procedures
Strong analytical and problem-solving skills. Ability to assess situations and reach conclusions objectively
Strong teaming skills, is eager to learn, contribute and collaborate to support the achievement regulatory compliance
Strong time management and organization skills, ability to adapt quickly to changing environments, see your responsibilities through to their conclusion
Microsoft Excel advanced skills required
Education:
Bachelor's degree in accounting, Finance, Economics or closely related discipline required.
Experience:
Positions available for both entry-level and experienced analysts.
Five (5) plus years of business, finance, accounting, legal, or related experience for an Analyst level.
Preferred Experience, Not Required:
Application of revenue requirements theory as well as the applicable regulations pertaining to Eversource cost tracking mechanisms.
Understanding of deferred accounting principles for public utilities
Understanding of the concepts related to rate base and operating income as they pertain to the Companies' return on equity
Accounting research techniques
LI-JB1
Competencies:
Build trusting relationships
Manage and develop people
Foster teamwork and cross-functional collaboration
Lead change
Communicate strategic vision
Create an engaged workforce
Focus on the customer
Take ownership & accountability
Compensation and Benefits:
Eversource offers a competitive total rewards program.Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive.The annual salary range for this position is:
$106,440.00-$118,270.00
Worker Type:
Regular
Number of Openings:
1
Emergency Response:
Responding to emergency situations to meet customers' needs is part of every employee's role. If employed, you will be given an Emergency Restoration assignment. This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location.
EEO Statement :
Eversource Energy is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.
VEVRRA Federal Contractor
