Public Regulatory Analyst I

Adult Correction; North Carolina; On-site; USD 64,000 - 88,000; Full time

Benefits offered by this job

12 Annual Holidays

Health Insurance

State Retirement (TSERS)

Job summary

North Carolina Department of Commerce is seeking a Public Utilities Regulatory Analyst I (NS) to support the Public Staff of the Utilities Commission. The role focuses on auditing financial and regulatory filings of utilities, preparing analyses, and presenting findings to the Commission.

The position requires testifying on cases and contributing to rate design and accounting treatment discussions. It is a full-time, benefits-eligible role with opportunities for professional growth within the

Qualifications

• Knowledge of GAAP and regulatory accounting, incl. Uniform System of Accounts and FERC COA.
• Experience auditing and examining accounting/financial records of public utilities.

Responsibilities

• Investigate and audit financial transactions and rate filings of regulated utilities.
• Prepare complex financial analyses and reports for the Utilities Commission.
• Provide written and oral recommendations, including testimony and schedules.
• Assist with rate base adjustments and regulatory accounting treatments.

Skills

GAAP knowledge

Regulatory accounting

Auditing

Testimony experience

Job description

Agency

Dept of Commerce

Division

Utilities-Public Staff

Job Classification Title

Public Utilities Regulatory Analyst I (NS)

Position Number

60081047

Grade

NC18

About Us

The North Carolina Department of Commerce is the state's lead agency for economic, community and workforce development. The department works with local, regional, national and international organizations to fulfill its mission to improve the economic well-being and quality of life for all North Carolinians.

The Department connects businesses with the site locations, workforce and infrastructure they need to succeed in one of the nation's top states for business. We also connect local communities with the grants and funding they need to attract new business and ensure future prosperity.

Description of Work

Are you looking to find meaningful work and positively impact the lives of the residents of North Carolina? If your answer is yes, then we want you to join our team at the Public Staff of the Utilities Commission and make a difference.

The Department of Commerce, Division of Public Staff in Utilities Commission, is looking for an Public Utilities Regulatory Analyst I.

The primary purpose of this position is to perform work activities of the Public Staff Water, Sewer and Telecom Division on cases and projects involving utilities regulated by the North Carolina Utilities Commission.

This position is responsible for investigating and auditing the financial transactions, accounting practices, and rate adjustment filings of regulated public utilities; compiling, monitoring, auditing, and examining financial and/or program information sources for accuracy, integrity, and conformance to rules and regulations, preparing complex financial analysis and reports.

This position is responsible for written and oral recommendations to the Utilities Commission, including testimony, affidavits, reports, comments, and other documents as well as supporting schedules for the written communications regarding rate base adjustments, revenue requirements, rate design, appropriate accounting treatment of capital/expense items, establishment and compliance with regulatory conditions, utility tax treatment, affiliate contracts, and other accounting/financial findings.

An assessment will be administered

This position DOES require testifying before the Utilities Commission regarding all work performed on a given case.

This position DOES NOT involve traditional accounting duties such as recording agency financial transactions, managing agency fiscal programs, or agency budgeting.

This is a full-time position (40 hours per week) with State Benefits, including health insurance, as well as retirement.

Incentives of NC State Employment

We value our employees and offer a wide variety of competitive and family-friendly.

Benefits to include:

• 12 Annual Paid Holidays and monthly accrual of vacation and sick leave.
• North Carolina State Health Plan administered by Aetna.
• Supplemental Benefits including Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental, and Vision.
• NC State Retirement (TSERS), 401(k), and 457 savings plans.
• WeSave Employee Discounts.
• Eligibility for the Public Service Loan Forgiveness Program.

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:

https://oshr.nc.gov/state-employee-resources/benefits

Note to Current State Employees

The salary grade for this position is NC18. State employees are encouraged to apply for positions of interest even if the salary grade is the same as, or lower than, their current position. If selected for this position, a new salary will be recalculated taking into consideration the quantity of relevant education and experience, funding availability, and internal equity. Based upon those factors, a pay increase MAY result.

Knowledge Skills and Abilities/Management Preferences

Recruitment Range: $63,927 - $87,899

Important: This posting closes at 11:59:59 PM the night BEFORE the End Date above

Management Preferences - Optional: These skills are not required but managers may choose to interview/select applicants who demonstrate Management Preferences.

Knowledge, Skills and Abilities / Competencies

Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP), investor-owned utility accounting practices and regulatory accounting matters, including the Uniform System of Accounts and FERC Chart of Accounts.

Experience in auditing and examining accounting and financial records and reports of public utilities (e.g. plant in service, depreciation, taxes, operation and maintenance expenses, administrative and general expenses, ROI, general ledger, etc.) and identifying and researching and reviewing policy, procedures, and regulations for resolution.

Experience identifying changing requirements and aberrations regarding account structures/reports, and/or account