WGL - Senior Manager, Revenue Requirements

AltaGas; Springfield (VA); On-site; USD 149,000 - 215,000; Full time

Job summary

AltaGas Senior Manager, Revenue Requirements will oversee regulatory accounting for the Company's US utilities, guiding ratemaking and cost of service decisions. You will lead a regulatory accounting team and advise leadership on financial implications of accounting choices and regulatory strategy.

The role requires extensive experience in accounting, regulatory processes, and testimony support, with a focus on tax, depreciation, and pension implications and strong collaboration with senior

Qualifications

• Bachelor's degree in accounting, finance, business, economics or related field is required.
• 10+ years of relevant experience in accounting, financial reporting or regulatory accounting.
• 5+ years of supervisory or team leadership experience.
• CPA preferred; Master’s degree is a plus.

Responsibilities

• Provide leadership and mentorship to regulatory accounting staff and leads.
• Review per book accounting data to develop proper ratemaking and cost of service.
• Advise on tax, depreciation, pension, and other complex accounting issues.
• Participate in witnesses and testimony preparation and defense.
• Coordinate regulatory filings, data requests, and responses under tight deadlines.
• Support rate case strategy, financial impacts, and cost recovery decisions.

Skills

US GAAP knowledge

Regulatory accounting

FERC accounting

PeopleSoft

Regulatory strategy

Stakeholder communication

Testimony support

Financial analysis

Leadership

Education

Bachelor's Degree in Accounting/Finance/Business/Economics

Master's Degree preferred

Tools

PeopleSoft

Microsoft Office

Job description

The Senior Manager, Revenue Requirements - US Utilities manages the Company's regulatory accounting and cost of service functions for AltaGas' US utilities, providing oversight of complex accounting, ratemaking, and regulatory matters that directly impact regulatory reporting, rate cases outcomes, and cost recovery. This role manages a team of regulatory accounting professionals, serves as a key advisor to leadership on regulatory strategy and financial implications of accounting decisions, and ensures compliance with regulatory requirements and commission policies. The position plays a critical role in managing rate cases and other regulatory proceedings and filings through cost of service development, testimony and witness support, regulatory advocacy, risk assessment, and the evaluation of emerging accounting and regulatory issues affecting the Company's US regulated business.

Primary Duties

• Provides leadership, direction, and mentorship to the direct and indirect reports across the work of a Manager/Lead and Senior/Staff Regulatory Accountants, including hiring, evaluating, training, performance management and goal setting, compensating, motivating, and coaching, and developing goals and procedures to ensure the achievement of goals.
• Accountable for team performance, resource allocation, and execution of departmental priorities.
• Reviews and analyzes per book accounting data to develop proper ratemaking treatment for determining regulated per book and proforma cost of service and provides strategic guidance on the regulatory and business impacts of those determinations.
• Meets regularly and provides strategic direction with the Company's financial personnel on accounting matters impacting the regulated cost of service, with particular attention to tax, depreciation, pension, post-retirement benefit, non-recurring expense, and other complex accounting issues.
• Proactively identifies, reviews, and applies in-depth understanding of new and changing accounting matters before regulatory agencies through review of regulatory rulings in the Company's four jurisdictions and other jurisdictions.
• Influences discussions and meetings within and outside the Company establishing and advocating alternative accounting proposals to ensure financial success in the regulatory environment.
• Ensures Company's accounting procedures and adjustments used in developing its regulated cost of service are in compliance with Commission rules, regulations, and orders, and consistent with FERC accounting requirements.
• Assesses the business impact of regulatory and accounting changes. Recommends implementation strategies as appropriate.
• Manages various types of special projects and studies pertaining to accounting and other issues impacting the Company's regulated business, including the resolution of complex, cross-functional, and multi-dimensional regulatory and financial issues..
• With respect to witnesses and testimony:
  • Participates in presentation and selection of witnesses within and outside the Company in consultation with Regulatory Accounting senior leadership, SVP-Regulatory Affairs, VP -Finance Utilities and Controller (SEMCO).
  • Assists in preparation and review of Company and intervenor testimony, exhibits, data requests, and legal documents.
  • Assists in the development of cross-examination required for Commission Staff and intervenor witnesses.
  • Provides expert witness testimony subject to cross examination by other parties in proceedings, as requested.
  • Assists in preparing Company witnesses for cross-examination.
  • Coordinates activities surrounding Commission and other party interrogatories including, assigning tasks, researching issues, preparing responses and defending responses in regulatory proceedings. Manages this work in large quantities and with very short deadlines.
• With respect to rate cases and other docketed regulatory proceedings:
  • Assists with preparing and reviewing briefs and other pleadings in proceedings before Commissions, as requested.
  • Provides strategic guidance to Regulatory Accounting senior leadership, SVP-Regulatory Affairs, VP-Finance Utilities, and Controller (SEMCO) in the management of rate cases and other docketed regulatory proceedings, including recommendations regarding rate strategy, financial impacts, risk assessment, and cost recovery.

Qualifications

EDUCATION

Bachelor's Degree in Accounting, Finance, Business, Economics or related field

WORK EXPERIENCE

10+ years of relevant experience required such as general accounting, financial reporting, or internal/external audit

7+ Years in accounting, financial reporting or regulatory accounting required

5+ years of supervisory or team leadership experience

Experience preparing financial reports and/or similar analysis

LICENSES AND CERTIFICATIONS

CPA Preferred

PREFERRED QUALIFICATIONS

Master's Degree preferred

Utility experience

Utility ratemaking experience

SKILLS AND ABILITIES

• Demonstrated understanding of financial and accounting principles including US GAAP (required) and FERC Uniform System of Accounts (preferred).
• Demonstrated understanding of PeopleSoft or similar accounting systems.
• Ability to understand the potential application of new and existing technology to solve business problems and enhance service to customers.
• Original and innovative thinking required in developing and proposing new and/or different accounting treatments for cost of service items.
• Demonstrated knowledge of rate making accounting theory and the overall regulatory process (strongly preferred).
• Demonstrated ability and/or experience working with senior management, Commission staffs and other stakeholders to present and defend new and sometimes complex accounting positions taken in the determination of the Company's regulated cost of service (strongly preferred).
• Demonstrated ability to establish rapport and effective working relationships with business partners, supervisors, subordinates, and peers across AltaGas' US utilities.
• Demonstrated ability to present ideas logically and concisely to diverse audiences at all organizational levels as well as with external audiences in connection with regulatory proceedings, both verbally and in writing.
• Proven ability to use computer software and applications, including Microsoft Office, to share, retrieve, research and present business information.
• Demonstrated ability to successfully influence/persuade to achieve desired business outcomes.

We offer a competitive salary range of $149,200 to $215,425 per year, commensurate with experience, education, and skills. In addition, we provide a comprehensive benefits package including health insurance, retirement plans, and paid time off.

The Company values diversity in its workforce and encourages United States military veterans and service members who meet the qualifications to apply

Why work at AltaGas?

AltaGasis a North American energy infrastructure company with a focus on owning and operating assets that provides affordable energy to our customers. AltaGas assets include Washington Gas/WGL, SEMCO, and Petrogas. Our talented team, nearly3,000strong, leverages the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions - from the well sites of upstream producers to the doorsteps of homes and businesses to new markets around the world.

We deliver affordable natural gas to approximately1.7 million customers' homes and businesses through regulated natural gas distribution utilities acrossfour jurisdictions in the United States and two regulated natural gas storage utilities in the United States. Learn more about our team, vision, and strategy.

To learn more about our mission: https://youtu.be/k1mrKDdsYW8?si=y1k3NOyHxgf4emdL

For Canadian hires

AltaGas hires personnel on the basis of job-related qualifications. All qualified applicants will receive consideration without regard to a person's ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, record of offences, marital status, family status or disability or any other characteristic protected by applicable law.

For U.S. hires

WGL/SEMCO/AltaGas offers a total rewards package that includes competitive pay, incentive bonus plans, holiday pay, 401K matching and a wide array of benefits. These benefits including medical, dental and vision coverage are designed to help you and your family stay healthy. We also have paid time off (PTO) to balance the demands of your work and personal life. Available benefits vary depending on the specifics of the role.

U.S. affiliates of AltaGas are committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, ethnicity, religion, gender, age, national origin, marital status, sexual orientation, gender identity, family responsibilities, matriculation, physical or mental disabilities, political affiliation, genetic information, status as a protected veteran or any other characteristic protected by federal, state, or local law.