Rates & Regulatory Analyst

Posted Date: Jul 8, 2024

Location: Sacramento, CA, US, 95814

Company: American Water Works Company Inc

Requisition ID:  106234 

 

Share Our Purpose.  Be Yourself.  Feel Valued. 

 

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career.  Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

 

We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role!  Click here for more information on our inclusion, diversity, and equity journey.

 

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.


As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.


American Water has been recognized on the 2023 Bloomberg Gender-Equality Indexfor the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.

For more information, visit amwater.com and join American Water on LinkedInFacebookTwitter and Instagram.

 

 

 

Pay Information

Base Salary Range: $60,000.00-$110,000.00

 

The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity. 

 

In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more! 

 

American Water is also proud to offer employees learning opportunities and work experiences to grow professionally! 

Primary Role

Support the end to end preparation and development of the financial analysis and the compliance reporting requirements to support
state/operational business partners in all rate and regulatory matters. Support and own the completion of exhibits, work papers,
interrogatories, and writing testimony to sponsor in a timely and accurate fashion. Prepare regulatory reports, financial information and operational data necessary for filing complete and timely rate applications and reports to state regulatory commissions. 

Key Accountabilities

  • Prepare revenue related analysis that supports operational/state business partners in the filing of base rate cases and alternative regulatory mechanisms (DSIC, RAC, trackers, etc). Ensure the financial support is complete, accurate and timely prepared meeting all filing deadlines.
  • Support the end to end preparation and development of revenue related pro forma adjustments that are relied upon to support base rate case requests and alternative regulatory mechanisms.
  • Support the accurate preparation of revenue related rate case support schedules, testimony and exhibits for increasingly more complex issues. Be prepared to develop written testimony (written and oral) and sponsor more complex adjustments in rate filings.
  • Lead RA team in development of knowledge and skills related to rate case revenue issues.
  • Act as rate case revenue SME for RA team members with rate case issues.
  • Manage RA deliverables to meet rate case time lines.
  • Prepares responses to interrogatories for schedules and exhibits they own.
  • Prepares financial support that is relied upon by Company consultants in areas such as: cost of service studies, rate design, revenue forecasts, customer forecasts, usage and sales forecasts, etc.
  • Assist with preparation of regulatory compliance filings, responses to ad hoc requests from regulators, compliance requirements from public utility commission orders as they apply to revenue related matters.
  • Analyze utility applications, reports, financial records, and cost studies.
  • Maintains and supports the use of SharePoint to drive efficiencies and develop best practices. 
  • Measures and assesses activities to drive continuous process improvements. 
     

Knowledge/Skills

Detailed knowledge of:

  • Economic principles relating to utility rates and cost analysis.
  • Fundamental accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accounting practices.
  • Data collection, research, statistical and cost analysis.
  • Business report writing, preparation and delivery of presentations.
  • Audit, review and analyze business and financial records.
  • Execution and analysis using company business technologies.
  • Microsoft Office Suite (MS Word, PowerPoint, Excel) with particular expertise in Microsoft Excel.
  • Must have the ability to review data and make appropriate decisions regarding public utility operations and to project future revenues, sales, usage, and customer trends. 
     

Experience/Education

  • Minimum seven years of pertinent technical experience. 
  • Utility industry experience a plus.
  • Working knowledge of SAP a plus. 
  • Bachelor's degree in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience.
  • MBA in Accounting or Finance preferred. 
     

Work Environment

  • Standard office environment.

Travel Requirements

  • Up to 20%

Other

This position is increasing the level of responsibility within the job family where employees are assigned responsibility for performing complex work solving a wider range of standard and nonstandard problems and to continue to build their skills in gathering and analyzing data concerning public utilities, and in reviewing utility applications. In this role they work under minimal if any supervision and independently handle presentations at meetings, preparing exhibits and testimony, and may be called upon to provide testimony in routine cases for increasingly complex issues, or to research a portion of a case and testify to the findings. 
 

Competencies

Champions safety
Customer obsessed
Cultivates innovation
Nimble learning
Drives Results
Collaborates

 

 

Join American Water...We Keep Life Flowing

 

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.


Nearest Major Market: Sacramento