Utilities Analyst 2

West Virginia; Charleston (WV); On-site; USD 58,000 - 92,000; Full time

Job summary

The Public Service Commission of West Virginia seeks a Utilities Analyst to support regulatory oversight of utilities, reviewing rate cases, tariffs, and financial statements, and preparing analyses and audit reports.

Requires a four-year degree in business, accounting, finance, economics or math; Master’s or CPA substitution may apply. Salary range and exemptions specified by WV code; position posted as Utilities Analyst 1.

Qualifications

• Formal education in business/accounting/finance/economics/mathematics.
• Experience in utility accounting/auditing or financial analysis recommended.

Responsibilities

• Review rate cases, tariffs, and utility filings.
• Analyze financial statements and capitalization, cash flow, and pro forma income statements.
• Conduct desk or field audits of financial records and internal controls.
• Prepare clear audit or analysis reports for PSC decisions.
• Provide recommendations on revenue requirements and rate schedules.
• Assist attorneys with accounting aspects of cases and adjustments.

Skills

Regulatory analysis

Financial analysis

Audit reporting

Written communication

Education

Bachelor's degree in business administration, accounting, finance, economics, or mathematics

Master's degree or CPA substitution

Job description

This position is full-performance, and under general supervision, performs 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.

***This position is also posted as Utilities Analyst 1 classification in reference PSC2600038. Only one position will be filled in accordance with the qualifications and experience requirements for the classification used to fill the position.

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

Training:

Graduation from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics.

Substitution:

Experience as described below may substitute for the required training on a year-for-year basis.

Experience:

Two years of full-time or equivalent part-time paid employment in utility accounting, utility auditing, or financial and economic analysis with a public utility, regulatory agency or private accounting firm; or three years of full-time or equivalent part-time paid employment in other areas of accounting or auditing.

Substitution:

A Master's Degree in accounting, business administration, finance, economics, or mathematics or approval as a Certified Public Accountant may be substituted for the required experience.

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 $58,353 to $92,158 for this classification.