Rates and Revenues Manager

Chesapeake-Utilities-Corporation; West Palm Beach (FL); Hybrid; USD 120,000 - 190,000; Full time

Benefits offered by this job

Annual bonus

Wellness initiatives

401k retirement plan

Medical/dental/life insurance

Paid time off

Job summary

Chesapeake Utilities Corporation is seeking a seasoned Regulatory Finance leader to manage rate mechanisms, cost of service, and regulatory strategy. You will develop and implement cost recovery mechanisms, prepare testimony, and oversee regulatory filings and tariff programs.

The role requires 7+ years in utility finance with strong modeling and communication skills, and leadership experience guiding a regulatory analytics team. Hybrid work is available in West Palm Beach, FL or Dover, DE.

Qualifications

• Bachelor's degree in finance, accounting, economics, business or related field.
• 7+ years of experience in utility finance, rate design or regulatory strategy.
• Regulatory rate making and revenue requirement proficiency.
• Understanding of regulatory process from filing through approval and implementation.
• Advanced proficiency in MS Excel.
• Excellent verbal and written communication skills.

Responsibilities

• Develop and implement rate-making strategies (general rate cases, formula rates, infrastructure riders).
• Model revenue requirements and conduct cost-of-service studies.
• Prepare regulatory reports and forecasts for senior management.
• Lead testimony, exhibits, and discovery responses for state PUCs or regulators.
• Forecast, budget, and monitor rates with finance; perform sensitivity analyses.
• Oversee tariff program development, filing, and maintenance.
• Collaborate with finance, legal, and operations; represent the utility with regulators and intervenors.
• Direct and develop regulatory analysis and revenue modeling staff.

Skills

Regulatory rate making

Revenue modeling

Financial analysis

MS Excel

Written communication

Leadership

Education

Bachelor's degree in finance, accounting, economics or related field

Job description

Location: Hybrid remote within West Palm Beach, FL or Dover, DE

What makes us great:

At the heart of our Company is a dedication to delivering energy that drives progress. We put people first, work to keep them safe and build trusting relationships.

Your role in our success:

This position is responsible for managing rate mechanisms and cost of service through which the company
recovers costs, sets customer prices, and ensures regulatory compliance. This role will oversee developing and implementing cost recovery mechanisms and regulatory strategy initiatives. Responsibilities also include proposing solutions to key business issues, when necessary, and making oral and written testimony and support to federal and state regulatory agencies. This position will oversee and develop team members under his/her direction.

What you'll be working on:

• Rate Strategy Design: Develop and implement rate-making strategies (general rate cases, formula rates,
  infrastructure riders) that align with the company, regulatory and customer needs.
• Revenue Requirements Modeling: Determine the necessary revenue needed to cover costs and earn a
  fair return, including conducting cost-of-service studies.
• Reporting: Prepare and present comprehensive regulatory and revenue reports and forecasts to senior
  management and stakeholders.
• Regulatory Proceedings: Lead the development of testimony, exhibits, and discovery responses for state
  public utility commissions (PUCs) or other regulatory bodies.
• Financial Forecasting & Analysis: Work with accounting department to forecast, budget, and monitor
  rates and regulatory activities; perform sensitivity analyses of revenues to load forecasting errors.
• Tariff Administration: Oversee the development, filing, and maintenance of company tariff programs.
• Stakeholder Management: Collaborate with internal departments (finance, legal, operations) and
  represent the utility with external stakeholders, including regulators and intervenors.
• Team Leadership: Direct and develop staff specialized in regulatory analysis, rate design and revenue
  modeling.
• Other responsibilities as assigned

Who you are:

• Bachelor of Science in finance, accounting, economics, business or other related field
• Seven (7) years of experience in utility finance, rate design or regulatory strategy
• Regulatory rate making and revenue requirement proficiency
• Understanding of regulatory process from filing through approval and implementation
• Deep understanding of revenue management techniques, pricing strategies, forecasting, cost-of-service
  regulation, and federal/state-specific regulatory processes
• High organization skills
• Deep understanding of revenue management techniques, pricing strategies, forecasting, cost-of-service regulation, and federal/state-specific regulatory processes
• Excellent verbal and written communication skills
• Advanced proficiency in financial modeling and data analysis
• Advanced proficiency in MS Excel
• Proficiency in MS Word, and PowerPoint
• Ability to develop and maintain strong relationships
• Leadership and team management abilities with the capacity to motivate and guide a team to deliver results
• Standard driver’s license

What’s in it for you?

• Fantastic opportunities for career growth
• Cooperative, supportive and empowered team atmosphere
• Annual bonus and salary increase opportunities
• Monthly recognition events
• Endless wellness initiatives and community events
• Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!
• Paid time off, holidays and a separate bank of sick time

Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability that need assistance applying for a position may email [e-mail]

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.