Utilities Analyst 1

State of West Virginia; West Virginia; On-site; USD 55,000 - 87,000; Full time

Job summary

State of West Virginia seeks an entry-level professional to support the Public Service Commission’s oversight of utilities. You will review rate cases and regulatory filings, analyze financial data, and contribute to audits and reports.

Strong judgment, attention to detail, and regulatory interpretation are essential. The role involves preparing concise analyses, recommending revenue requirements, and assisting attorneys and staff with accounting aspects of cases.

Qualifications

• Bachelor’s degree in business administration or related field required.
• Ability to interpret laws, rules, and PSC regulations with accuracy.
• Experience with financial statement analysis and regulatory research preferred.

Responsibilities

• Review rate cases, tariffs, complaints, and regulatory filings for compliance.
• Analyze utilities’ financial condition including capitalization, cash flow, and pro forma statements.
• Conduct desk or field audits of utility financial books and records.
• Prepare reports and provide recommendations on revenue requirements and rates.
• Assist in drafting audit reports and present findings to the Commission.
• Maintain regulatory records and communicate findings clearly to stakeholders.

Skills

Analytical ability

Regulatory knowledge

Research skills

Report writing

Education

Bachelor’s degree in business administration or related field

Job description

Under close supervision, performs entry-level professional, analytical, and regulatory work in support of the Public Service Commission's oversight of utilities operating within West Virginia. Work involves reviewing rate cases, complaints, tariffs, and other regulatory documents to ensure compliance with applicable statutes, rules, and Commission orders. Employees conduct research, analyze operational and financial data, investigate complaints, maintain regulatory records, and assist in the administration and enforcement of utility laws and regulations. Work requires the exercise of sound judgment, attention to detail, and the ability to interpret regulatory requirements. Assignments increase in complexity as experience is gained. Review utility formal case filings and utility financial statements; analyze the financial condition of utilities including such areas as capitalization ratios, cash flow, financing needs and plans and pro forma income statements; perform a field or desk audit of the utilities financial books and records; review and report on internal controls, compliance with accounting principles, compliance with the system of accounts and compliance with PSC rules and prior orders; conduct analysis of the management efficiency; write all or part of an audit report presenting an analysis of the utilities financial condition and/or financial issues to be considered by the Commission; make recommendation regarding the overall revenue requirements for a utility; make recommendations on the proper rate schedule(s) to recover recommended revenue requirements; performs desk or memorandum reviews of utility rate change requests not requiring a field audit; assist staff attorneys in becoming familiar with the accounting aspects of the case audit, on any adjustments made to the financial records of the utility and on the financial condition of the utility. Must have the ability to Interpret and apply laws, rules, regulations, and policies; Gather, analyze, and evaluate information and formulate recommendations; Prepare clear, concise, and accurate reports and correspondence; Communicate effectively orally and in writing; Establish and maintain effective working relationships with coworkers, industry representatives, government officials, and the public; Organize work effectively and meet established deadlines; Learn Commission statutes, regulations, and procedures governing motor carriers. Perform other related duties as required.

***See the special salary range for the Public Service Commission below.***

Training:

Bachelor’s degree from an accredited college or university with a major in business administration, accounting, finance, economics, or mathematics.

OR

Substitution:

Full-time or equivalent part-time paid professional experience in utility financial analysis, accounting or auditing may substitute for the required training at a rate of one (1) year of experience for every thirty (30) semester hours of training.

NOTE:

At the appointing agency’s discretion, competitive applicants may receive probationary appointment pending official verification of the qualifying training. The qualifying training must be verified before the employee may be certified permanent.

PSC salary exemption per West Virginia Code §24-1-1

Special salary range for the Public Service Commission:

The Public Service Commission has established a salary range of $55,477 to $87,470 for this classification.