Senior Regulatory Revenue Requirements Analyst

Requisition ID # 147886 

Job Category: Accounting / Finance 

Job Level: Individual Contributor

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

Our mission is to develop regulatory forecasts and lead insightful analyses to drive constructive financial outcomes totaling $20 billion in costs annually. We strive to create rewarding work experiences by being a thought leader and a dynamic business partner.

The Revenue Requirements and Cost Analysis team plays a critical role in PG&E’s regulatory and financial proceedings for timely recovery of operating expenses and capital investments. We are responsible for revenue requirement forecasts, developing financial modeling and calculations, preparing analytics, insights, and recommendations that enable informed decision making by PG&E senior management. It is a dynamic and exciting environment driven by internal strategy, regulatory requirements, cost of service analysis and impacts on our customers. Our team is in the unique position of interfacing with PG&E’s functional areas, the CPUC and FERC staff, and external parties. We invest in our team’s success through rewarding work experience.

Position Summary

We are seeking a highly motivated, capable Senior Regulatory Analyst to work in our Expense Recovery group. This is an excellent opportunity to highlight your analytical skills, work in a cross-functional environment on matters that reach the entire enterprise, and build knowledge on utility specific regulatory requirements.

You will demonstrate strong analytical skills, work with a detail-oriented eye, and take initiative. In this role, you will leverage excellent written and verbal communication skills including the ability to present information in a clear and persuasive manner. In this role, you will be expected to develop critical analysis skills, validate forecast assumptions and recorded expenses, contribute to cost recovery proposals, and participate in process improvement initiatives.

The role is hybrid working primarily from your remote home office and the Oakland General Office 2x monthly, but subject to change dependent upon business needs. There are occasional visits to the San Ramon Valley Conference Center as well.

PG&E is providing the hourly rate range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual hourly rate paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

The hourly rate for this position ranges from $45.67 to $68.75.

Job Responsibilities

• Develop financial analytics and recommendations related to expense forecast and recovery for regulatory proceedings by collaborating with PG&E functional areas.
• Analyze spending profiles and cost categories to understand how various costs and trends impact financial results and future cost of service.
• Review and analyze third party testimony, regulatory proposals, pleadings, agreements, and decisions; participate in development of strategies to rebut testimony, help design of new proposals and performance of analyses for submittal in regulatory proceedings.
• Serve as witness, witness assistant or subject matter expert for moderately complex cost recovery issues, including developing compelling testimony, workpapers, and discovery responses.
• Produce impactful analysis to support critical workstreams including settlement negotiations, workshops, and external requests.
• Create and own financial control files and regulatory adjustments that support regulatory filings and revenue requirement calculations.
• Implement, analyze, and develop the General Rate Case expense regulatory values in accordance with the CPUC decisions.
• Provide analytical support to key regulatory compliance filings.
• Develop and provide training to business partners.
• Develop effective presentation materials for leadership to make decisions or bring awareness to key issues.
• Develop and document processes, guidelines, standards, and models. Drive continuous improvement projects that include partnering with peers on process efficiencies and controls.         

Qualifications

Minimum:

• BS/BA degree in Business, Economics, Accounting, Engineering or related discipline or equivalent related experience
• 4 years of related experience

Desired:

• Strong knowledge of GAAP, SEC, and FERC requirements
• MS / MBA degree in Business, Finance, Economics, or related discipline or equivalent related experience
• Strong Excel, Word, and PowerPoint skills
• Understanding of PG&E’s business model to perform cost of service forecasting and analysis for rate case filings and management decision support
• Knowledge of the case management procedures and process
• Understanding of Utility ratemaking
• Strong verbal and written communication skills
• Excellent presentation skills to effectively convey key messages to audiences and public forums