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American Water · 1 day ago

Senior Manager Rates & Regulatory

Lexington, KY

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

American Water is responsible for leading rates and regulatory activities across multiple states. The Senior Manager will shape and influence the rate case process, ensure compliance with regulatory standards, and coordinate with various functions to support rate and regulatory initiatives.

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Comp. & Benefits

Responsibilities

Responsible for leading rates and regulatory activities for a specific state and/or group of states while participating in regional activities

Shapes, drives and influences the rate case process within the state(s)

Supports regulatory initiatives in the form of required testimony, exhibits and interrogatories consistent with individual rate case requirements

Ensures compliance with US GAAP and regulatory and Company policies

Plans, efficiently project manages and executes general rate cases, rate mechanism compliance filings and all other rate and regulatory filings, as required by law, regulation or commission order and consistent with the business plan for the state or division

Coordinates rate and regulatory activities with finance, engineering and legal functions and provides clear technical guidance on rate and regulatory matters to communications, external and government affairs, and customer advocacy functions

Ensures the accuracy of communications material related to rate and regulatory matters

Plays a lead role in business planning and business development (identification, evaluation, pricing, bidding and bid award), as required by the division or state, as well as post-acquisition integration

Ensures that rate case and mechanism timing and results, including the requested and actual capital structure and return on equity (among other things) are consistent with the business plan

Establishes and maintains good working relationships with key public utility commission and consumer advocate staff and other key stakeholders (e.g. municipal, customer and environmental) on a regular basis

Leads or co-leads strategic aspects of general rate cases, acquisitions, legislation, regulation and other utility policy matters and provides expert technical and policy advice and recommendations to the rates director and/or senior leadership team in the division or state

Identifies, documents and completes rate related regulatory requirements and liaises with other functions (operations, HR, etc.) to advise on other regulatory requirements

Meets targets developed by the State and/or Division President and/or Director of Rates & Regulations for critical items not specified as a regulatory requirement

Ensures timely and accurate filings on all regular or routing matters, e.g., DSIC, annual AIF, Tariff Updates, etc

Works with the Director of Rates and/or State President/GM to coordinate rate case strategy and execution within the state(s)

Provides advice and expertise on a pro-active basis to executives, senior managers and employees

Represents the Director of Rates & Regulations and/or State President internally as well as to external regulators and industry stakeholders throughout the state(s)

Develops and maintains a recognized presence with state regulators, advocates, legislators, municipal officials and other key stakeholders

Assists in the formulation of corporate policies and procedures and compliance with such policies and procedures

Provides advice and assistance in planning and reporting progress on all regulatory matters including regulatory revenue forecasting

Project manages selected rate cases and other regulatory filings

Ensures that each case is thoroughly and completely prepared

Prepares and reviews rate case support schedules, testimony and exhibits

Prepares and reviews response to interrogatories

Provides expert testimony (written and oral) on items of particular complexity or sensitivity

Collaborates with external consultants and in-house counsel to ensure efficient prosecution of general rate cases

Prepares filings for other key strategic issues supporting the on-going development of the business

Coordinates with engineering to efficiently plan capital additions

Supports and develops team members and provides flexible support to colleagues in the division or state, in other divisions or states, as well as the Rate and Regulatory Services team

Provides assistance in building and maintaining the Rates Knowledge community and in developing best practices

Contributes to effective communication by listening and providing constructive feedback, supporting the creation of an open and honest work environment, and cascading and sharing knowledge and information relevant to other members of the team and colleagues across the business

Ensures continued staff development as complete rates professional including case preparation, testimony and external relations

Provides formal and informal advice, guidance and training to other functions as needed to increase rate and regulatory acumen throughout the business, and to advance the division or state business objectives

Records process performance using established measures

Regularly reviews, measures and assesses activities to drive continuous process improvements and related goals

Provides tools and practices to optimize total process efficiency and effectiveness in accordance with corporate objectives

Implements Best Practices

Qualification

US GAAPRegulatory complianceRate case managementFinancial analysisUtility industry experienceStakeholder engagementProcess improvementExpert testimonyProject managementTeam leadershipCommunication skills

Required

Bachelor's Degree in Accounting or Finance or related field. Other degrees considered with directly relevant experience

10 years prior accounting related job experience required, including experience with full cycle accounting processes

7 to 8 years prior experience in the utility industry and/or a shared service or multi-company corporation

5+ years supervisory experience or equivalent required

Demonstrated experience in identifying process improvement opportunities and engaging in implementing improvements

Demonstrated experience in analyzing customer needs through soliciting, evaluating and acting upon customer feedback

Demonstrated experience in managing and coaching direct reports and establishing career development plans by identifying development goals, milestones and measures

Will have taken the lead role in a number of rate cases

Comprehensive and advanced knowledge of US GAAP, International Accounting Standards, SOX and other regulatory (SEC, state utility regulatory bodies, etc.) requirements and practices

Detailed understanding of the regulatory environment in the division or state and detailed knowledge of the utility regulations and tariffs in effect in the division or state

Demonstrated working knowledge of the national utility regulatory issues affecting the enterprise, and a detailed understanding of how the national utility regulatory issues are handled in the division or state

Excellent business understanding and personal credibility with business managers

Comprehensive knowledge of analysis techniques to apply to new and unusual activities

Advanced knowledge of corporate and utility accounting and reporting. Implementation and management of Process Improvement and Best Practices Programs

Development and management of on-going regulated and non-regulated compliance programs

Assistance in the formulation of corporate policies and procedures and compliance with such policies and procedures

Broad functional knowledge with advanced knowledge of financial and accounting systems and software, frameworks and functionality such as: Microsoft Office products, spreadsheet software, JD Edwards, SAP, Orcom, Hyperion or other ERP systems

Utility industry experience a plus

Understanding of state specific political and economic factors

Seasoned experience in rate case testimony

Highly experienced in working with stakeholders, including PSC, consumer advocate, legislative, municipal, and others, preparing written testimony and delivering oral testimony on complex and controversial issues

Experience covers multiple rate cases with amounts above $10 Million