PUCT, Financial Examiner (Financial Examiner III-V)

Public Utility Commission of Texas; Austin (TX); On-site; USD 75,000 - 108,000; Full time

Job summary

The Public Utility Commission of Texas seeks a Financial Examiner to perform routine to highly complex financial work in the Financial Analysis section of the Rate Regulation Division. You will review rate-change applications, analyze utility financial data, and prepare written recommendations with precise calculations.

Collaboration and independent judgment are expected in a regulatory environment. The role requires an undergraduate degree in finance, accounting, or business administration,

Qualifications

• Undergraduate degree in finance, accounting, or business administration.
• Experience in utility finance, regulatory accounting, or public accounting is described for higher levels.
• Preferred CRRA or CFA credentials are listed as desirable qualifications.

Responsibilities

• Review rate changes and other applications filed with the Commission.
• Analyze utility reports, contracts, and records for compliance with finance principles and rate of return.
• Prepare written recommendations with precise financial calculations and clear reasoning.

Education

undergraduate degree or higher in finance, accounting, or business administration

Job description

DIVISION RATE REGULATION DEPARTMENT/SECTION FINANCIAL ANALYSIS

About the Rate Regulation Division

The Rate Regulation division is the branch of the PUCT that is most involved in the agencys traditional regulatory rate-setting function. The Rate Regulation division consists of three sections: Accounting, Financial Analysis, and Tariff and Rate Analysis.

The Accounting section includes staff members with educational backgrounds primarily in accounting; these staff members evaluate the legitimacy and reasonableness of a utility companys expense levels. The allowable amounts must be reasonable and necessary to provide utility service to the public. Additionally, the recoverable expenses must be just and reasonable to consumers and the utility.

The Financial Analysis section includes staff members with educational backgrounds primarily in finance; these staff members develop estimates of an appropriate rate of return on the utility companys capital investment. The rate of return provides a reasonable opportunity for a utility to earn its authorized return but does not provide a guarantee that the rate of return will be achieved.

The Tariff and Rate Analysis section includes staff members with educational backgrounds primarily in economics and finance; these staff members develop the specific rates that a utility company charges its customers and address issues related to the proper allocation of a utilitys costs to different customer groups, such as residential, commercial, and industrial customers.

The Rate Regulation Division also leads and participates in various rulemaking proceedings and works on other projects involving rate-related issues for electric, water, and telephone utility companies.

Looking to take the next step in your career? Ready for a meaningful career in public service?The Public Utility Commission of Texas (PUCT) has an opportunity for a motivated professional to help advance the agencys mission and support critical work for the state of Texas.

Rate Regulation is seeking a Financial Examinerto performroutine to highly complex financial work in the Financial Analysis section of the Rate Regulation Division, including the review of rate change and other applications filed with the Commission. Work involves analyzing utility reports, accounting records, contracts, and other pertinent information for regulated and unregulated utilities subject to Commission oversight for compliance with principles of finance, state laws, and Commission regulations, and reasonableness of rates of return. Work involves preparing written recommendations with attention to mathematical accuracy of financial calculations, clarity, precision, and grammatical accuracy. Works under moderate to limited supervision with limited to considerable latitude for the use of initiative and independent judgment.

SALARY RANGE

Salary commensurate with qualifications.

Financial Examiner IIIFinancial Examiner IVFinancial Examiner V

Min

$75,000 ($6,250)$80,004 ($7,001)$90,252 ($7,521)

Max

$83,004 ($7,254)$90,000 ($7,500)$108,000 ($9,000)

The ideal candidate should possess the following minimum qualifications. Applicants must meet all the required minimum qualifications to be considered for this position.

Financial Examiner III

An undergraduate degree or higher from an accredited four-year college or university in finance, accounting, or business administration.

Financial Examiner IV

An undergraduate degree or higher from an accredited four-year college or university in finance, accounting, or business administration, plus two years of full-time experience in utility finance, utility accounting, regulatory accounting, or public accounting.

Financial Examiner V

An undergraduate degree or higher from an accredited four-year college or university in finance, accounting, or business administration; plus either (1) four years of full-time experience in utility finance, utility accounting, regulatory accounting, or public accounting and an active Certified Rate of Return Analyst (CRRA) designation from the Society of Utility and Regulatory Financial Analysts or a Chartered Financial Analyst (CFA) charterholder from the CFA Institute; or(2) six years of full-time experience in utility finance, utility accounting, regulatory accounting, or public accounting.

Preferred Qualifications

The ideal candidate will also possess one or more of the following preferred qualifications:

• CRRA certification or CFA charterholder.

• Experience in utility or regulatory finance or accounting, including electric, telecommunications, or water and wastewater utilities.

• Experience with rate regulation, cost of service analysis, or financial modeling in a regulatory environment.

• Experience preparing or supporting expert testimony, regulatory filings, or contested case proceedings.