Rates Analyst

California Water Service; San Jose (CA); On-site; USD 83,000 - 154,000; Full time

Job summary

California Water Service in San Jose or Sacramento, CA is seeking a Rates Analyst to support the business case for water rates by reviewing expenses, capital budgets, water sales, revenues, and regulatory policies, enabling high-quality, reliable water service.

You will prepare and edit GRC responses, coordinate filings, and work with district staff and regulators to explain financial models and forecast revenue requirements for regulated districts.

Qualifications

• Bachelor's degree in accounting/finance/business-related field or equivalent experience.
• Two years regulatory or financial analyst experience, preferably in the water/utility industry.
• Proficient in Microsoft Office applications.
• Valid California Driver license.

Responsibilities

• Gathers information for the General Rate Case (GRC) across departments.
• Demonstrates need for operational expenses with quantitative support.
• Communicates adopted policies to districts to ensure alignment in financials and operations.
• Explains complex financial models to commission staff clearly and concisely.
• Determines data sources and presentation methods for the GRC.
• Analyzes data and reconciles discrepancies in data trends.
• Develops revenue requirement forecasts for all regulated ratemaking districts.
• Prepares and edits the GRC responses for Commission staff and intervenor data requests.

Skills

Microsoft Office

Education

Bachelor's degree in Accounting, Finance, Business, Political Science, Computer Science, Economics, Engineering or related field

Tools

Microsoft Office

Job description

The Rates Analyst is responsible for supporting the business case for water rates by reviewing and analyzing expenses, capital budgets, water sales, revenues, and regulatory agency policies (such as those of public utilities commissions) necessary for the Company to provide high-quality, reliable water service to its customers. Depending on skills and qualifications, this position can be located in San Jose or Sacramento, CA.

California Water Service

Job Description

The Rates Analyst is responsible for supporting the business case for water rates by reviewing and analyzing expenses, capital budgets, water sales, revenues, and regulatory agency policies (such as those of public utilities commissions) necessary for the Company to provide high-quality, reliable water service to its customers. Depending on skills and qualifications, this position can be located in San Jose or Sacramento, CA.

Essential Functions

• Communicates with departments and districts to gather information for the General Rate Case (GRC)
• Collaborates with districts and departments in the Company to demonstrate a need for necessary operational expenses and provides quantifiable support
• Communicates adopted policies to districts and departments to ensure implementation in the financials and operations
• Partners closely with commission staff to explain complex financial models in a clear and concise manner
• Determines what type of data is required, from what sources, and how to present it in the GRC
• Analyze data and reconciles discrepancies in data trends
• Flows data through complex financial models to develop a revenue requirement forecast for all regulated ratemaking districts
• Reviews district, department, and consultant testimony for completeness and accuracy
• Drafts clear and convincing testimonies to explain historical spending trends, as well as support future expense projections
• Prepares and edits the GRC responses for Commission staff and intervenor data requests
• Prepares offset filings including advice letters and supporting work papers for submission to commissions; analyzes results and makes recommendations
• Coordinates all regulatory compliance filings
• Participates in and supports the Company's Continuous Improvement programs and projects
• Performs work on-site in assigned office location
• Performs other similar duties as assigned

Minimum Qualifications

• Bachelor's degree in Accounting, Finance, Business, Political Science, Computer Science, Economics, Engineering or related field and/or equivalent relevant experience
• Two years of increasingly responsible experience working as a regulatory or financial analyst, preferably in the water or utility industry
• Proficient in the use of Microsoft Office applications
• Valid California Driver license

Required Knowledge, Skills, And Abilities

• Knowledge of CPUC regulations, the rate case process, regulatory modeling, and compliance requirements is desired
• Knowledge of Company policies, procedures, and business practices is desired
• Knowledge and understanding of the water industry and how a water utility is operated and maintained is desired
• Knowledge and ability to use Microsoft Office applications to create presentations, spreadsheets, and word documents
• Knowledge of basic finance and accounting principle and procedures
• Knowledge and understanding of utility accounting and financial concepts is desired
• Ability to use appropriate discretion when dealing with confidential or proprietary information
• Ability to work effectively with all levels of employees and middle management
• Ability to communicate effectively; both verbally and in writing with agencies, consultant, contractors, customers, employees, and vendors
• Ability to use logical and creative thought processes to develop solutions according to written specifications and/or verbal instructions
• Demonstrated organizational and time management skills
• Demonstrated commitment to providing outstanding customer service
• Detail-oriented and experienced in analyzing and improving processes
• Good problem-solving and troubleshooting skills

Salary Range

San Jose, CA $82,900 - $153,800 (DOE)

Sacramento, CA $74,600 - $138,400 (DOE)

Deadline to submit resume is Wednesday, September 30, 2026

The Equal Opportunity Policy of the Company is based upon the philosophy that all people should be treated fairly and with dignity. California Water Service, Hawaii Water Service, New Mexico Water Service, Texas Water Service, and Washington Water Service do not discriminate against any applicant or employee because of race, color, religion, sex, national origin, or any other protected class. The Company makes all employment decisions in a non-discriminatory manner. EOE, VET, DISABILITIES.