Lead Utility Finance Specialist

Go VCE; Richmond (VA); Hybrid; USD 102,000 - 120,000; Full time

Job summary

State Corporation Commission in Virginia is seeking a Lead Utility Finance Specialist to join the Division of Utility Accounting & Finance. The role focuses on examining, researching, and analyzing large utility companies, with an emphasis on cost of capital and rate design for regulated utilities.

The position is hybrid, offering challenging regulatory work and opportunities to influence financial policy and outcomes for Virginians.

Responsibilities

• Provide cost of capital analysis and testimony in rate cases.
• Conduct thorough review and analysis of routine to complex utility company financing, affiliate, and transfer filings.
• Provide general research and support on cost of capital and other financial issues in rate cases.
• Lead overall development of staff policy.
• Monitor and stay abreast of financial market information and developments.
• Review utility finance schedules, send interrogatories, conduct financial research, and run cost of equity models.
• Present UAF staff's recommendation and justification in testimony.
• Provide oral testimony to support UAF staff's position under cross-examination.

Job description

Lead Utility Finance Specialist (Hybrid)

Starting Salary Range: $101,504 - $120,000

The State Corporation Commission (SCC or Commission) seeks a Lead Utility Finance Specialist to join our Division of Utility Accounting & Finance (UAF), which regulates public utilities that provide essential services such as energy and water to Virginians. The Division of UAF provides the Commission with accounting and financial information to use when deliberating utility cases involving rates and services. Utility ratemaking is the formal regulatory process by which public utilities set the prices they will charge consumers. The Lead Utility Finance Specialist positions work will involve responsibility for the examination, research, and analysis of large utility companies.

The job responsibilities of the Lead Utility Finance Specialist position will include the following:

• Provide cost of capital analysis and testimony in rate cases.
• Conduct a thorough review and analysis of routine to complex utility company financing, affiliate, and transfer applications filings.
• Provide general research and support on cost of capital, and other financial issues in addition to rate cases.
• Lead overall development of staff policy.
• Monitor and stay abreast of financial market information and developments.
• Review utility finance schedules, send interrogatories, conduct financial research, and run complex cost of equity models.
• Present UAF staff's recommendation and justification in a well-written testimony.
• Provide oral testimony to support UAF staff's position under cross-examination, as required.
• Support cost of capital calculations in rate adjustment clauses filings.
• Review case history and develop and send data requests needed to provide thorough analysis.
• Provide draft reports, action briefs and orders in a timely manner to meet any statutory deadlines.
• Prepare reports and recommendations for action.
• Perform related work as required.