Summit Utilities, Inc. · 1 month ago
Director of Regulatory Finance & Rates
Texas, United States
Full-time
Onsite
Director/Executive
10+ years expSummit Utilities, Inc. is a growing natural gas utility providing safe and reliable service across multiple states. The Director of Regulatory Finance & Rates will lead the development and execution of regulatory financial strategies, ensuring compliance and effective cost recovery while serving as a liaison with regulatory bodies.
Natural Resources
Responsibilities
Lead all rate making activities for assigned jurisdictions to include general rate cases, formula rate proceedings, infrastructure riders, cost of gas filings, and other filings
Serve as a lead witness or support witness in regulatory proceedings; provide oral and written testimony; prepare and/or review testimony, exhibits, discovery responses, and settlement analyses. Provide strategic guidance on regulatory policies, emerging laws, and industry trends impacting cost recovery and utility financial performance
Develop regulatory recovery strategies, processes and procedures to effectively and efficiently manage large projects (general rate cases) maximize investment returns, balance customer impacts and ensure compliance with rules and regulations
Lead and develop a team of regulatory analysts by establishing processes, training, and tools that improve modeling accuracy, regulatory compliance, and analytical efficiency
Promote a culture of integrity, transparency, and continuous improvement
Qualification
Required
Minimum of ten (10) or more years of finance, accounting, regulatory or a related field
Bachelor's degree in a relevant field, such as Engineering, Business, Accounting, Finance or Economics
Utility Ratemaking experience required
Must have the ability to develop relationships and build credibility quickly
Deep understanding of cost-of-service regulation, rate design, capital recovery mechanisms, depreciation, and utility accounting (FERC/GAAP)
In depth knowledge of state regulation and rate making principles
Strong analytical and financial modeling skills (e.g., Excel, SQL, BI tools)
Excellent written and verbal communication, including ability to simplify complex regulatory concepts
Ability to manage multiple deadlines in a highly regulated environment
Strong stakeholder management and negotiation skills
High attention to detail, strong organizational skills and meticulous analytical capability
Business partner mentality with ability to educate basic financial concepts to stakeholders
Proven ability to communicate complex financial concepts and data in an understandable manner, in written and oral presentation formats, to all levels of management and staff
Preferred
Experience with SAP and or Oracle a plus
CPA or CIA a plus
Company
Summit Utilities, Inc.
Summit Utilities owns and operates several natural gas distribution.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Kurt Adams
Chief Executive Officer & President
Scott Sanders
Executive Vice President and Chief Financial Officer
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