Public Regulatory Analyst I

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

Benefits offered by this job

Health insurance

State retirement plans

Paid holidays and vacation

Job summary

The North Carolina Department of Commerce’s Public Staff in the Utilities Commission seeks a Public Utilities Regulatory Analyst I to perform complex accounting/analyst work on cases involving regulated utilities. The role focuses on examining financial records, writing testimony, and presenting financial analyses to support regulatory decisions.

Qualifications include a bachelor’s degree in accounting or related field and at least one year of related experience; GAAP knowledge and strong

Qualifications

• Demonstrated knowledge of GAAP, investor-owned utility accounting, or regulatory accounting/financial matters including USoA.
• Experience in auditing and examining accounting and financial records and reports of companies.
• Strong written and oral communication skills to convey regulatory accounting/financial matters.
• Ability to establish cooperative relationships with staff, regulators, utility reps, and officials.

Responsibilities

• Investigate and audit financial transactions, accounting practices, and rate filings.
• Write testimony, affidavits, and other documents with supporting schedules.
• Compile, monitor, audit, and examine financial information for accuracy and regulatory compliance.
• Present summaries/testimony to management, stakeholders, and Commissions.
• Prepare and present financial analyses and cost studies.

Skills

GAAP knowledge

Auditing

Regulatory accounting

Written and oral communication

Interpersonal relationships

Education

Bachelor's degree in accounting/finance/business/public administration/economics

Tools

None

Job description

Agency

Dept of Commerce

Division

Utilities-Public Staff

Job Classification Title

Public Utilities Regulatory Analyst I (NS)

Position Number

60081097

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 complex work activities of the Public Staff Energy Division on cases and projects involving utilities regulated by the North Carolina Utilities Commission.

The position specializes in accounting/analyst work examining financial records of utility companies with complex financial structures and accounting systems.

Responsibilities include:

• Investigating and auditing financial transactions, accounting practices, and rate adjustment filings.
• Writing testimony, affidavits, and other documents and preparing supporting schedules regarding adjustments, revenue requirements, appropriate accounting treatment of capital/expense items, establishment and compliance with regulatory conditions, utility tax treatment, affiliate contracts, and other accounting/financial matters.
• Compiling, monitoring, auditing, and examining financial and/or program information sources for accuracy, integrity, and conformance to rules and regulations.
• Presenting written or oral summaries/testimony/policy positions to internal management, stakeholders, and Commission(s).
• Preparing and presenting financial analysis and reports; and conducting cost accounting/financial studies.

The position provides an excellent opportunity for motivated individuals who are ready to engage with other service-oriented professionals and contribute.

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

• 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

This is a Repost - Current candidates are still being considered and do not need to reapply

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, or regulatory accounting/financial matters, including the Uniform System of Accounts (USoA).
• Experience in auditing and examining accounting and financial records and reports of companies (e.g. plant in service, depreciation, taxes, operations and maintenance expenses, and administrative and general expenses, ROI, general ledger, etc.).
• Good written and oral communication skills to effectively communicate complex regulatory accounting/financial matters to targeted audience(s).
• Ability to establish and maintain cooperative and effective relationships with fellow employees, regulators, utility representatives, other state and federal officials, and utility customers.

Education and Experience Requirements

APPLICANTS MUST MEET THE EDUCATIONAL AND EXPERIENCE REQUIREMENT IN ORDER TO QUALIFY FOR THIS POSITION.

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the OSHR Guide for details.

Bachelor’s degree in accounting, banking, finance, business administration, public administration, economics, or related discipline from an accredited institution and one year of directly related experience;

Or;

An equivalent combination of education and experience.

Supplemental and Contact Information

About the Public Staff

The Public Staff is an independent agency created in 1977 to review, investigate, and make appropriate recommendations to the North Carolina Utilities Commission with respect to the reasonableness of rates charged and adequacy of service provided by any public utility and with respect to the consistency with the public policy of assuring an energy supply adequate to protect the public health and safety. The Public Staff shall intervene on behalf of the using and consuming public in all Commission proceedings affecting rates or service.

The Public Staff will also:

• Petition the Commission to initiate proceedings when in the public interest.
• Intervene in all certificate applications and assist the Commission in analysis.
• Make recommendations to the Commission with respect to standards, regulations, or practices.
• Investigate formal and informal complaints affecting the using and consuming public.
• Intervene in all proceedings for franchise transfers, mergers, and consolidations of public utilities.
• Review, investigate, and recommend action to the Commission regarding affiliate contracts.

About the Department of Commerce

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.

Commerce is an Equal Opportunity Employer who embraces an Employment First philosophy which consists of complying with all federal laws, state laws, and Executive Orders. Commerce does not provide employment visa sponsorship. Applicants must be legally authorized to work in the United States at the time of hire and throughout employment.

NC Department of Commerce uses the Merit-Based Recruitment and Selection Plan to fill positions subject to the State Human Resources Act with the most qualified individuals.

The Minimum Education and Experience (E&E) is REQUIRED to qualify for this position. All work history and education (including accurate dates of employment/attendance) must be documented on the application. Transcripts may be attached to supplement education and work experience may include internships, volunteerism, and full and part-time work.

Supplemental Questions are also a required part of the application: answers must reference education or work experience listed on the application.

Resumes may be attached as a supplement to the application but are not a substitution for a complete application.

We are committed to reviewing requests for reasonable accommodation at any time during the hiring process and throughout employment. Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax by the vacancy closing date.

Applicants seeking Veteran's Preference must attach a DD-214 Form (Certificate of Release or Discharge from Active Duty) to their applications.

Applicants seeking National Guard Preference must attach a NGB 23A (RPAS) if they are a current member of the NC National Guard in good standing. If a former member of the NC National Guard who served for at least 6 years and was discharged under honorable conditions, they must attach either a DD256 or NGB 22.

Our Agency uses the OSHR Recruiting and Posting of Vacancies Policy to fill positions subject to the State Human Resources Act with the most qualified individuals. All applicants must complete and submit a state application for employment.

PLEASE NOTE It is critical to our screening and salary determination process that applications contain comprehensive information. Please make sure you complete the application in full. Information should be provided in the appropriate areas to include all work experience, the beginning and ending dates of jobs worked, education with the graduation date, and certificates/licenses.

Any information omitted from the application cannot be considered in screening for qualifying credit. Hiring salary will be based on relevant qualifications, internal equity, and budgetary considerations pertinent to the advertised position.

***INCLUDE ALL RELEVANT EDUCATION AND WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***

Attached or incorporated resumes (including Text resumes on the application form)

WILL NOT be accepted in lieu of completing this application and WILL NOT be used for screening for qualifying credit. SeeResume or SeeAttachment within the fillable application sections WILLNOT be accepted and will not be considered an incomplete application and will not be processed.

Answers to Supplemental Questions must refer to education or work experience listed on this application to receive credit. Degrees must be received from appropriately accredited institutions. To receive credit for your work history and credentials, you must list the information on the application form. For additional information about applications and processes with the state of NC, please visit: How Do I Get the Job.

Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. If applicants earned college credit hours but did not complete a degree program, they must attach an unofficial transcript to each application to receive credit for this education.

Recruiter

Maxine Anderson

[e-mail]