Rate Analyst

ElectriCities of North Carolina Inc.; Raleigh (NC); On-site; USD 60,000 - 80,000; Full time

Job summary

ElectriCities of North Carolina Inc. is seeking a Rate Analyst based in Raleigh, NC. This role is responsible for analyzing rates, providing guidance, and delivering excellent customer service to member cities concerning retail and wholesale rates. The ideal candidate will possess a Bachelor's degree in a relevant field, along with strong analytical and presentation skills. Applicants should have over 3 years of experience in rate development and financial analysis, along with advanced Excel skills. A hybrid work model may be offered.

Qualifications

• A Bachelor of Arts or Bachelor of Science degree in Economic, Finance, Math, Statistics, Engineering, or other analytic degree or equivalent experience.
• Excellent analytical, communication and presentation skills.
• 3+ years’ experience in retail or wholesale rate development and/or financial analysis.
• Advanced spreadsheet modeling and database experience.

Responsibilities

• Perform retail rate studies for member cities, identifying possible changes in rate levels.
• Maintain excel based models for power cost projections.
• Recommend retail rates consistent with wholesale rates and power supply programs.
• Assist in developing innovative rate programs for participants.
• Monitor applicable competitor rates and perform competitive rate comparisons.

Skills

Analytical skills

Communication skills

Presentation skills

Spreadsheet modeling

Initiative and self-motivation

Education

Bachelor of Arts or Bachelor of Science degree in Economic, Finance, Math, Statistics, Engineering, or other analytic degree

Tools

Excel

SAS programming

Job description

Overview

The Rate Analyst is responsible for rate analysis, guidance and providing excellent customer service to ElectriCities’ members concerning retail rates, wholesale cost and revenue analysis and projections, and assistance with members’ economic development rate analysis.

Responsibilities

• Under supervision of the Manager, Rates perform retail rate studies for member cities, including identifying possible changes in retail rate levels, billing structures and rate schedule documentation while considering fair and equitable cost responsibility among customer classes.
• Maintain excel based models for short-term and long-term wholesale power cost projections for power agency members.
• Assist in developing specific innovative rate programs for individual participants.
• Recommend retail rates to member cities that are consistent with NCMPA1 and NCEMPA wholesale rates and power supply programs while monitoring and striving for regionally competitive retail rates.
• Work to increase knowledge of current and future utility trends in renewable energy, electric vehicles including charger rates, and any other relevant rate related topics.
• Assist in the presentation of retail rate studies, innovative rate designs and special project results to member city/town boards and staff.
• Under supervision of the Manager, Rates create and present electric/rate training to member’s staff.
• Assist Settlements department as needed and fully train in all aspects of the retail billing process and systems.
• Assist with retail billing services including checking retail bills for accuracy, maintaining a current library of retail rates in electronic and paper form, and reviewing reports from the Retail Billing System (“RBS”).
• Protect confidentiality of load profile data, billing information and rate schedules due to the sensitive nature of the information and responsibilities to the cities that entrust that data to NCMPA1 and NCEMPA.
• Maintain knowledge and ability to perform all aspects of retail billing process and systems, and guide Retail Billing and Extranet enhancements that mirror changes to retail rates and customer needs.
• Monitor applicable competitor rates, and perform competitive rate comparisons as needed.
• Assist in preparing special projects, analysis, and complete data requests involving rate-related issues as needed.
• Assist Municipals with annual EIA Surveys.
• Provide input and support implementation of the annual business plan of the Operations Division.
• Foster an environment of teamwork with the ElectriCities departments and personnel to effectively coordinate the development of programs and services for ElectriCities members.
• Maintain a positive professional working relationship with the participants and their customers.
• Perform other related duties as assigned.

Qualifications

• A Bachelor of Arts or Bachelor of Science degree in Economic, Finance, Math, Statistics, Engineering, or other analytic degree or equivalent combination of experience and education.
• Excellent analytical, communication and presentation skills.
• 3+ years’ experience in retail or wholesale rate development and/or financial analysis.
• Advanced spreadsheet modeling and database experience.
• Advanced Excel is required, and SAS programing experience is preferred.
• Demonstrated willingness to accept responsibility, take initiative and be self-motivated while accepting general supervision.