Rates and Revenues Manager

Chesapeake Utilities Corporation; West Palm Beach (FL); Hybrid; USD 110,000 - 160,000; Full time

Benefits offered by this job

Annual bonus

Salary increases

401k match

Medical, dental and life insurance

Paid time off

Tuition reimbursement

Volunteer hours

Job summary

Chesapeake Utilities Corporation is seeking a Rates & Revenue Manager to lead rate design, revenue requirements modeling, and regulatory strategy. The role involves developing cost recovery mechanisms and presenting to regulators in a hybrid work setup across West Palm Beach, FL and Dover, DE.

The ideal candidate will have 7+ years in utility finance or regulatory roles, strong financial modeling and leadership skills to guide a regulatory analysis team.

Qualifications

• Bachelor degree in finance, accounting, economics, business or related field.
• 7+ years experience in utility finance, rate design or regulatory strategy.
• Regulatory rate making and revenue requirement proficiency.
• Understanding of regulatory processes from filing to approval.
• Strong financial modeling and data analysis skills.

Responsibilities

• Rate strategy design and implementing rate-making strategies.
• Revenue requirements modeling and cost-of-service studies.
• Prepare regulatory and revenue reports for senior management.
• Lead regulatory proceedings and develop testimony for PUCs.
• Forecast, budget and monitor rates with the accounting team.
• Oversee tariff programs development and filing.
• Collaborate with finance, legal, and operations; manage regulators and intervenors.
• Direct and develop regulatory analysis staff.

Skills

Regulatory rate making

Revenue management

Financial modeling

Data analysis

Forecasting

Leadership

Team management

Verbal communication

Written communication

Stakeholder management

Education

Bachelor of Science in finance, accounting, economics, business or related field

Tools

MS Excel

MS Word

PowerPoint

Job description

Rates & Revenue Manager

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?

• Competitive base salary
• 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.