Utility Financial Analyst 4 (PCN 086005)

Utility Financial Analyst 4 Position

The Regulatory Commission of Alaska is recruiting for a Utility Financial Analyst 4 position located in Anchorage!

What you will be doing :

In addition to supervising, scheduling and coordinating the work of the Finance Section, the UFA 4 conducts detailed technical analysis of utility and pipeline rate filings of the highest complexity, including financial audits of revenue requirement, cost of service, and rate design studies, as well as related testimony and proposed tariff revisions. This position verifies the mathematical accuracy and reasonableness of proposed rates by applying appropriate auditing techniques and generally accepted ratemaking principles, determining the elements of revenue requirements, including verification and normalization of operating expenses, rate base, allowance for taxes, and establishing the appropriate return on rate base or application of the times interest earned ratio (TIER).

The UFA 4 prepares highly detailed, well-supported recommendations to the Commission for presentation both in writing and orally, in public and adjudicatory settings. This position uses database applications to perform research, and spreadsheet / word processing applications to develop and review calculations and prepare written reports. The UFA 4 works with utility representatives and other Commission staff to ensure proposed rates are accurate and aligned with applicable authority, the Commissioners are well-informed, and Commission rulings are executed within statutory timelines.

Our organization, mission, and culture :

The Commission is charged with ensuring safe, efficient, and reliable utility and pipeline services are provided to Alaskans at just and reasonable rates. The availability of utility services, and the rates, rules, terms and conditions of those services are governed by statute and regulation and enforced by the Commission. Five full-time commissioners are appointed by the Governor and confirmed by the Alaska State Legislature, overseeing a team of analysts, administrative law judges, consumer protection officers and support staff. The Commission regulates a broad range of utility services including electric, natural gas, natural gas storage, steam heat, pipeline, refuse, sewer, telecommunications, and water services, overseeing regulated entities through certification, regulation of rates and services, tariff review, dispute resolution, and consumer protection services. The Commission also calculates amounts for the power cost equalization (PCE) program and serves as an information resource for the executive and legislative branches of government.

Benefits of joining our team :

The Commission offers a competitive employment package including excellent benefits and flexible leave, a hybrid working environment, opportunities for professional growth and development, and the potential for advancement. As a member of the Advisory Section, the UFA 3 is part of a cohesive team of analysts specializing in finance, engineering, tariffs, and common carrier matters, working together to achieve a common goal for the benefit of Alaskans.

Collaboration is key to the success of the agency, including our reliable and consistent support staff. The new UFA 3 will receive hands-on internal training, coaching and support throughout the process, as well as opportunities for outside specialized training at both the state and national levels.

The working conditions you can expect :

The Commission is located in the heart of beautiful downtown Anchorage. The daily work environment is busy and productive with varying timelines to be managed. The UFA 3 works directly with utility representatives and other staff to ensure timely processing of rate filings. Staff presents recommendations and fields questions from Commissioners during confidential adjudications, public tariff action meetings or other public meetings. Most of the work is performed using spreadsheet, word processing, email and case management software.

We are interested in candidates who possess some or all of the following position specific competencies :

• Supervisory : Demonstrated experience supervising, scheduling and coordinating the work of others including providing training, overseeing and reviewing work product, monitoring progress and evaluating performance, and serving as liaison between upper management and staff.
• Industry : Demonstrated experience with utility / pipeline carrier rate filings, including revenue requirement, cost of service, and rate design studies, as well as related testimony and proposed tariff revisions; working knowledge of utility / pipeline carrier regulation and issues and the operating practices of the utility industry; ability to understand, interpret, and apply Alaska regulatory statutes and regulations.
• Mathematical : Demonstrated experience with utility / pipeline carrier rate development using generally accepted ratemaking principles, determining the elements of revenue requirements, including verification and normalization of operating expenses, rate base, allowance for taxes, and establishing the appropriate return on rate base or application of the times interest earned ratio (TIER).
• Financial Analysis : Knowledge of the principles, methods, and techniques of financial analysis and auditing, forecasting, and modeling to interpret quantitative and qualitative data; includes data modeling, earned value management, and evaluating key financial indicators, trends, and historical data.
• Writing : Demonstrated ability to use correct English grammar, punctuation, and spelling to produce written information, which may include technical material, for different audiences; ability to write clearly, concisely, and effectively develop conclusions and provide recommendations.
• Presentation : Demonstrated experience preparing complex technical reports and delivering oral presentations, making recommendations and fielding questions.

Minimum Qualifications :

Any combination of education and / or experience that provides the applicant with competencies in :

Special Note : "Competencies" means a combination of interrelated knowledge, skills, abilities, and behaviors that enable a person to act effectively in a job or situation. "Typically gained by" means the prevalent, usual method of gaining the competencies expected for entry into the job. "Training" and "education" in this guidance are synonyms for the process of acquiring knowledge and skills through instruction. It includes instruction through formal and informal methods (such as classroom, on-line, self-study, and on-the-job), from accredited and unaccredited sources, and long-duration (such as a post-secondary degree) and short-duration (such as a seminar) programs. "Professional experience" means work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the power or right to decide or act according to one's own judgment. "Progressively responsible" means indicating growth and / or advancement in complexity, difficulty, or level of responsibility.

Additional Required Information :

At time of application, applicants are required to submit :

At time of interview, applicants are required to submit :

If post-secondary education is required to meet the minimum qualifications, you must fill in the Education section of the application. If you have not obtained a degree, please indicate the number of units completed. Copies of transcripts are required to verify educational credentials if used to meet the minimum qualifications for a position. Transcripts can be attached at the time of application or provided at the time of interview.

If using work experience not already documented in your application, also provide the employer name, your job title, dates of employment, and whether full-or part-time. Applications will be reviewed to determine if the responses are supported and minimum qualifications are clearly met. If they are not, the applicant may not advance to the interview and selection phase of the recruitment.

This recruitment may be used for more than one (1) vacancy. The applicant pool acquired during this recruitment may be used for future vacancies for up to ninety (90) days after this recruitment closes. Interested applicants are encouraged to apply to each recruitment notice to ensure consideration for all vacancies.

Notice :

Questions regarding the application process can be directed to the Workplace Alaska hotline at 800-587-0430 (toll free) or (907) 465- 4095. If you choose to be contacted by email, please ensure your email address is correct on your application and that the spam filter will permit email from the 'governmentjobs.com' domains. For information on allowing emails from the 'governmentjobs.com' domains, visit the Lost Password Help page