Public Utilities Regulatory Analyst I

Description of Work

*Salary Grade: NC18*

Recruitment Range: $61,545 - $90,000

Are you looking to find meaningful work and positively impact the lives of the residents of North Carolina?  If your answer is yes, then we want you to join our team at the North Carolina Utilities Commission and make a difference.
  
The NC Department of Commerce, Utilities Commission is looking for a Public Utilities Regulatory Analyst I. This position is assigned to the Accounting section of the Operations Division within the Utilities Commission. 
 

The work of the Public Utilities Regulatory Analyst I position focuses on, in general, cost recovery by the utilities and service quality of the utilities. In general, the Commission works to understand the costs that utilities incur to provide service to customers and to establish just and reasonable rates that the utilities may charge customers in order to recover those costs. This position is involved in the following types of proceedings before the Commission: general rate cases; annual expense or commodity cost recovery proceedings; rule-makings; and requests for special accounting orders and other types of proceedings.

This position functions, in effect, as a technical expert for the Commission. This position will be involved in matters involving utilities regulated by the Commission, including under supervision, work on complex accounting matters. This position is responsible for analyzing financial data, audit reports, and other accounting information related to the regulated public utilities and, under supervision, making written and oral recommendations to the Commission regarding rate base adjustments, revenue requirements, rate design, appropriate accounting treatment of capital/expense items, compliance with regulatory conditions, utility tax treatment, affiliate contracts, and other accounting/financial matters. This position also researches, analyzes, and evaluates complex technical accounting and financial issues coming before the Commission for decision. The work requires the ability to read and review both testimony and workpapers of parties appearing before the Commission, to write clearly and effectively, and to communicate technical information clearly and concisely to technical and lay audiences, both orally and in writing.

The regulation of public utilities is a highly dynamic and complex field that involves law, accounting, public policy, economics, and finance and impacts the lives of all North Carolinians.  This position provides an excellent opportunity for a motivated individual who is ready to engage with other service-oriented professionals and contribute to the work of the Commission.

This is a full-time position (40 hours per week) with State Benefits, including health insurance, as well as retirement.  

Incentives of NC State Employment We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include: 

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by Aetna
• Supplemental Benefits including Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:https://oshr.nc.gov/state-employee-resources/benefits 

Note to Current State Employees
The salary grade for this position is NC18. State employees are encouraged to apply for positions of interest even if the salary grade is the same as, or lower than, their current position. If selected for this position, a new salary will be recalculated taking into consideration the quantity of relevant education and experience, funding availability, and internal equity. Based upon those factors, a pay increase MAY result.

Knowledge, Skills and Abilities / Competencies

QUALIFIED APPLICANTS MUST SUBMIT AN APPLICATION THAT CLEARLY REFLECTS WORK EXPERIENCE THAT DEMONSTRATES THE FOLLOWING: 

 

*If there are no qualified candidates remaining in the applicant pool who meet the minimum Education and Experience or Knowledge, Skills and Abilities required for the position, the agency may consider for this position, a trainee who does not meet the minimum requirements. Salary for a trainee may be set at a lower level than the classification salary range and recruitment range that is listed in the posting with the salary being adjusted up accordingly when the trainee has obtained the necessary additional education and experience to fully meet the minimum qualifications as outlined in the classification specification.*

This position requires a highly motivated and diligent individual with high degrees of initiative, integrity, and attention to detail who can function efficiently and effectively individually and as a member of a team.

The individual in this position must also possess the following specific knowledge, skills, and abilities:

• Working knowledge of Generally Accepted Accounting Principles (GAAP).
• Demonstrated knowledge of or the ability to acquire knowledge of investor-owned utility’s accounting practices and related regulatory accounting rules and regulations, including Uniform System of Account.
• Experience analyzing financial statements and/audit reports.
• Ability to research, analyze, and evaluate accounting issues and/or policy issues related to public utilities.

The ability to defend analyses, opinions, and recommendations relating to the variety of complex issues that routinely come before the Commission in the context of adversarial proceedings.

Strong writing, communication, time management and organizational skills.

Minimum Education and Experience Requirements

APPLICANTS MUST MEET THE EDUCATIONAL REQUIREMENT AND ALL KSA IN ORDER TO QUALIFY FOR THIS POSITION.  
  
Some state job postings say you can qualify by an “equivalent combination of education and experience”. If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience OR a combination of both. See oshr.nc.gov/experience-guide for details.

Bachelor's degree in accounting, banking, finance, business administration, public administration, economics, or related discipline from an accredited institution and one year of directly related experience; or an equivalent combination of education and experience.