Sr Rates Analyst (Revenue Requirements)

Consumers Energy; Jackson (MI); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation packages

Medical, Dental and Vision

401k with company match

Paid parental leave

Up to 13 paid Holidays

Paid time off

Educational Assistance Program

Job summary

Consumers Energy, headquartered in Michigan, seeks a Senior Rate Analyst to lead complex rate analyses for gas and electric operations. You will develop, maintain, and analyze regulatory filings and support testimony for rate cases with strong collaboration across Finance, Accounting, Treasury, and Operations.

The role requires independent work, attention to detail, and the ability to manage multiple regulatory deadlines while delivering timely regulatory strategies and recommendations.

Qualifications

• Bachelor's degree with 4+ years of rate analysis experience.
• Associate's degree with 6+ years in rate analysis.
• High school diploma with 8+ years in rate analysis.
• Ability to summarize legal documents clearly.
• Strong accounting and finance principles.

Responsibilities

• Monitor public utility commissions for regulatory changes.
• Update rate case exhibits and assist in preparing testimony.
• Lead internal communications related to tariff changes.
• Perform complex electric marginal and embedded cost-of-service studies.
• Collaborate with IT to prepare policy and tariff documentation.
• Track docket numbers, ROE, capital structure, rate base, and customer rate changes.
• Develop technical and cost analyses to support rate approvals.
• Perform other duties as assigned.

Skills

Regulatory analysis

Financial modeling

Rate design

Excel / MS Office

Attention to detail

Effective communication

Education

Bachelor's Degree in Finance/Accounting/Related Field

Associate's Degree in Finance/Accounting/Related Field

High School Diploma/GED

Job description

Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. Consumers Energy knows job number one is to keep the lights on for customers. We are committed to delivering reliable, clean, and affordable energy to our customers 24/7.

This position is not eligible for immigration sponsorship, e.g., H-1B, TN, etc. Please do not apply if you will need immigration sponsorship for a work visa now or in the future, including sponsorship for H-1B, TN, etc., now or in the future. We are unable to hire individuals with CPT, OPT, or STEM OPT for this position as the position is not eligible for participation in the H-1B lottery program and is not eligible for current or future immigration sponsorship for a work visa.

Location

This is a hybrid (virtual/onsite) position with required onsite days on Monday, Tuesday and Thursday assigned to One Energy Plaza located in Jackson, MI. The selected candidate must be within a commutable distance or willing to relocate (relocation package is available for those that qualify).

General Summary of Job Responsibilities

The Senior Rate Analyst is responsible for leading, monitoring, reviewing, and evaluating utility service rates and charges. This role includes conducting complex cost-of-service analyses and performing related rate assessments. The position is also responsible for developing, maintaining, and analyzing utility rate filings for both gas and electric operations. The incumbent reviews complex filings submitted to public utility commissions, including proposed changes to rate base, cost recovery mechanisms, and customer service rates.

The Revenue Requirements Senior Rate Analyst is primarily responsible for the development, analysis, and support of regulatory filings, revenue requirement studies, ratemaking proposals, and related regulatory strategies for the Company's regulated utility operations. The ideal candidate possesses strong accounting and financial analysis skills, exceptional attention to detail, and the ability to effectively manage competing priorities while meeting critical regulatory deadlines.

At the Senior Rate Analyst level, this position operates with a high degree of independence and accountability, providing strategic ratemaking recommendations and serving as a subject matter expert across the organization. The role collaborates closely with Finance, Accounting, Treasury, Operations, Legal, and other internal stakeholders to support regulatory proceedings and ensure the Company's regulated utilities receive timely and appropriate recovery of prudently incurred costs.

Essential Duties and Responsibilities

• Monitor public utility commissions for changes in regulatory policies and procedures that may impact the filing of utility rate cases and determine appropriate actions in response.
• Update complex rate case exhibits and assist in preparing testimony for the Cost of Service Study and Rate Design.
• Lead internal communications related to proposed tariff changes.
• Perform complex electric marginal and embedded costofservice studies, including required special studies.
• Partner with other departments, including IT, to prepare for policy and tariff changes by drafting RFS documentation and procedure manuals.
• Capture key metrics on complex utility rate filings, including tracking docket numbers, authorized return on equity, capital structure, requested and approved rate base, and changes in expected customer rates.
• Lead the development of technical and cost analyses required to support and obtain regulatory approval for electric rates and other tariff provisions.
• Perform other duties as assigned or as necessary.

Knowledge/Skills/Abilities

• Ability to summarize legal documents effectively.
• Strong analytical and problemsolving skills.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Knowledge of accounting and finance principles.
• Strong verbal and written communication skills.

Education/Experience

• Bachelor's Degree in Finance, Accounting, Political Science, Law, Engineering, or a related field, and four (4) or more years of experience in complex rate analysis activities
• Associate's Degree in Finance, Accounting, Political Science, Law, Engineering, or a related field, and six (6) or more years of experience in complex rate analysis activities
• High School Diploma/GED and eight (8) or more years of experience in complex rate analysis activities.

Why should you join our team?

At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.

What we offer:

• Competitive compensation packages
• Medical, Dental and Vision
• 401k with company match
• Paid parental leave
• Up to 13 paid Holidays
• Paid time off
• Educational Assistance Program

Diversity, Equity & Inclusion:

We, at CMS Energy, value Diversity, Equity, & Inclusion. It is part of our DNA. We treat our employees with respect, we treat each other fairly and we value the opinions of others. We are passionate about building and nurturing an environment where everyone feels included. We don't discriminate. We seek to learn about each other and better understand our unique differences. Our uniqueness makes us authentic. We create safe spaces where everyone can be who they truly are. We invite difficult conversations and uncomfortable topics. We value diverse perspectives; this is what makes us great together. We harbor an inclusive environment where employees feel empowered to share their backgrounds, experiences, and ideas. Our Employee Resource Groups, Women in Energy (WE), Minority Advisory Panel (MAP), Pride Alliance of Consumers Energy (PACE), GENERGY (Different Generations), capable (Different Abilities), Interfaith, People Planet Partners, and Veterans Advisory Panel (VAP) are key enablers to living the values of our company culture: Caring, Empowered, Deliberate, Agility, and Ownership.

All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, age, sexual orientation, gender identity or national origin.