Utilities Analyst 2

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

Job summary

State of West Virginia is seeking a Regulatory Analyst to support the Public Service Commission's oversight of utilities. The role involves reviewing rate cases, tariffs, and regulatory filings; researching financial data; and assisting in enforcement of utility laws and PSC orders.

Strong analytical and reporting skills are required. Experience in accounting or auditing within public utilities or regulatory settings is preferred, with opportunities to advance to more complex assignments as you

Qualifications

• Graduation from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics.
• Experience substitution allowed: master’s degree or CPA may substitute for required experience.
• Two years of relevant utility accounting, auditing, or financial/economic analysis experience; or three years in other accounting/auditing.

Responsibilities

• Review rate cases, tariffs, complaints, and regulatory filings for compliance with statutes, rules, and PSC orders.
• Analyze financial statements, capitalization ratios, cash flow, and revenue requirements of utilities.
• Prepare reports and memos; assist attorneys in accounting aspects of cases and adjustments.

Education

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

Master's Degree in accounting, business administration, finance, economics, or mathematics

Job description

Nature of Work

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.

Minimum Qualifications

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.

Other Information

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.

State employment offers a variety of benefits. Click HERE to visit the Division of Personnel's Benefits Page.

The minimum qualifications for this job title are: 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. Job duty descriptions of all experience MUST be included in the Work History section of your online application or be clearly stated on your attached resume in order for them to be considered as qualifying experience toward the minimum qualifications. Please include details of daily job duties on your online application or resume. How do you qualify for this job title?

• I have a Bachelor's degree from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics AND 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.
• I have a Bachelor's degree from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics AND three years of full-time or equivalent part-time paid employment in other areas of accounting or auditing.
• I have an Associate's degree from an accredited college or university with a major in business administration, accounting, finance, economics, or mathematics AND four 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.
• I have an Associate's degree from an accredited college or university with a major in business administration, accounting, finance, economics, or mathematics AND 5 years of full-time or equivalent part-time paid employment in other areas of accounting or auditing.
• I have a Bachelor's degree from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics AND a Master's degree in accounting, business administration, finance, economics, or mathematics.
• I have a Bachelor's degree from an accredited four-year college or university with a major in business administration, accounting, finance, economics, or mathematics AND a current CPA license.
• I have at least 6 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.
• I have at least 7 years of full-time or equivalent part-time paid employment in other areas of accounting or auditing.
• I do not qualify in one of the above mentioned ways (please do not apply).

AFFIRMATION

I certify under penalty of law and disqualification that all statements are true and complete. I authorize the State of West Virginia and any agent acting on its behalf to conduct an inquiry into any job-related information contained in this application. I release the State of West Virginia and any agent acting on its behalf from any and all liability by reason of the request for such information. I further authorize and request each former employer, educational institution, or organization (including law enforcement agencies) to provide all information that may be sought in connection with this application. WE DO NOT ACCEPT THE FOLLOWING DOCUMENTATION: Unofficial transcripts High school diplomas or transcripts Birth certificates Social Security Cards Driver’s Licenses Passports These documents will be removed from your profile if submitted.

• I consent to the above statement.
• Required Question