Rates and Regulatory Strategy Manager

Duke Energy; United States; Hybrid; USD 120,000 - 150,000; Full time

Job summary

Duke Energy is seeking a Rates and Regulatory Strategy Manager to support regulatory activities for its North Carolina and South Carolina utilities. The role emphasizes regulatory accounting, financial analysis, and strategic leadership in a complex rate-making environment.

The ideal candidate will guide major work streams, collaborate across departments, and ensure timely filing of regulatory submissions. Hybrid work model with on-site requirements after onboarding is expected.

Qualifications

• Bachelor’s degree required in accounting/finance/business/math or related field.
• Eight (8) years minimum of related work experience beyond degree.
• MBA or CPA preferred for advanced roles.

Responsibilities

• Support PBR recovery mechanisms and MYRP governance, including monthly and annual reporting.
• Lead cross-functional teams in MYRP governance and regulatory activities.
• Provide regulatory guidance to internal teams and external regulators; assist in rate case work.
• Communicate complex regulatory concepts to management, regulators and customers.

Skills

Regulatory accounting

Finance analysis

Excel advanced

Regulatory strategy

Cross-functional leadership

Education

Bachelor’s degree in accounting, finance, business, mathematics or related field

MBA or CPA preferred

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Job Summary

The Rates and Regulatory Strategy Manager will play an integral role in supporting regulatory activities and initiatives for Duke Energy's regulated electric utilities in North Carolina and South Carolina. This position requires a strong understanding of regulated utility accounting and finance, coupled with a strategic approach to advancing business objectives within a complex regulatory environment. The successful applicant should be able to support and manage major work streams and work independently to keep processes on track to successful completion. They should be able to provide guidance to others (both internal and external to the group) and collaborate effectively with others within the Company. They will have a grasp on industry issues and emerging rules and proactively address how these issues may affect regulatory processes and adhere to proper ratemaking treatment. Developing good working relationships with internal and external customer groups is important. Must be proficient in conflict management and know how to listen attentively, as well as be able to communicate both orally and in written form proficiently. Must be able to present ideas and concepts clearly to broad groups.

Key Responsibilities

Support Performance Based Ratemaking ("PBR") recovery mechanisms such as Multi-Year Rate Plan ("MYRP"), Earnings Sharing Mechanism ("ESM"), decoupling, and performance incentive mechanisms. This includes supporting monthly processes to monitor MYRP execution, preparing and reviewing required quarterly and annual reports filed with the Commission as well as internal reports used to support various internal governance activities and meetings. Participate and help lead cross functional teams supporting the MYRP governance and reporting activities. Serve as a point of contact for operational teams for regulatory guidance related to MYRP and PBR recovery mechanisms. Prepare annual PBR reports and rider updates. This includes working with operations to obtain supporting workpapers, calculating revenue requirements and determining rate changes, preparing the filing, and supporting the discovery process related to the filings. Support general rate cases by engaging in activities such as strategizing, researching, performing calculations and analysis, providing data requests, reviewing and drafting testimony and exhibits. Effectively communicate regulatory and cost recovery concepts to both internal and external audiences, including internal management, external regulators, and customers. Support other riders, proforma calculations, or analysis, as needed, within the Carolinas Rates and Regulatory team.

Basic / Required Qualifications

• Bachelor’s degree in accounting, finance, business, mathematics or other related degree
• In addition to bachelor's degree, eight (8) years minimum of related work experience

Desired Qualifications

• Experience in utility and/or regulatory work.
• Familiarity with ratemaking concepts and principles (e.g. revenue requirement).
• Project management skills.
• Proficiency in Microsoft Excel, Word, and PowerPoint; including ability to develop and use complex spreadsheets using advanced techniques
• Excellent written and verbal communication skills.
• Proven analytical and problem-solving abilities.
• Keen attention to detail, with the ability to identify data irregularities and maintain a high level of accuracy.
• Ability to influence others and gain support for proposals and recommendations.
• Strong time management skills, with the capacity to meet deadlines and work independently with minimal supervision.
• Ability to foster effective working relationships.
• Background in finance, regulatory accounting, data analysis, or project management
• Advanced degree and/or professional certification (i.e., MBA, CPA).

Working Conditions

Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees must live within a reasonable commute to their designated Duke Energy facility, not greater than 50 miles one way. Employees are expected to report to their assigned Duke Energy facility as required and directed by their manager, on average 3 full workdays per regular workweek. Primarily a normal office environment with extensive use of a computer. Ability to work remotely two days per week. Minimal travel required. Overtime may be necessary to meet deadlines, particularly during regulatory proceedings (e.g. rate case).

Travel Requirements

5-15%

Relocation Assistance Provided

(as applicable)

No Represented/Union Position

No Represented/Union Position

No Visa Sponsored Position

No Visa Sponsored Position

This role requires the ability to work lawfully in the U.S. without employment-based immigration sponsorship, now or in the future.

Diversity & Inclusion

Read about our commitment to supporting a diverse and inclusive workforce.

Duke Energy values ideas that come from a diverse and inclusive workforce, and we're dedicated to providing a work environment where all people are valued, respected and able to reach their full potential. Duke Energy is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, childbirth or related medical conditions, including but not limited to lactation, religion, national origin, ancestry, ethnicity, citizenship, sexual orientation, gender identity, gender expression, age, marital status, physical or mental disability, genetic information, medical condition, military status, or protected veteran status. Duke Energy complies with all applicable state, federal and local laws, regulations and ordinances prohibiting discrimination.