Hybrid Director, Distribution Revenue Requirements

Posted 4 weeks ago

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About the role

  • Lead the Company’s distribution regulatory strategies to ensure full recovery and protect against loss for the operating companies located in Massachusetts, Connecticut, and/or New Hampshire.
  • Develop a strategic approach that ensures a fair financial balance among the interests of regulators, customers and shareholders.
  • Responsible for all state regulatory activity affecting the financial requirements of the companies.
  • Direct and lead a team dedicated to distribution and other retail rate recovery mechanisms.
  • Directs the development of financial and accounting data required for all state regulatory "tracker" filings, base rate cases and associated filings.
  • Determines a level of revenue requirements that supports a reasonable rate of return for shareholders.
  • Coordinates, reviews and approves all testimony, data requests, comments and briefs relating to such filings to ensure alignment on key strategic priorities.
  • Effectively testify before state regulatory bodies on tracker filings, rate cases and other financial or policy matters.
  • Interfaces directly, and acts independently as Company liaison with other utilities, regulators, interveners, customers and internal/external counsel in a regulatory and financial capacity.
  • Oversees the financial and strategic impacts of regulatory developments, trends and new precedents.
  • Interpret regulatory developments for key stakeholders across the enterprise.
  • Develop strategies to optimize positive impacts and impact negative impacts of such developments.
  • Provide sound guidance and oversight on technical ratemaking concepts and strategic regulatory filings.
  • Manages the regulatory process including assigning, tracking, controlling, and documentation management for state filings.
  • Ensure appropriate review and sign-offs take place for all testimony, data requests, comments and briefs.
  • Monitor for alignment of Company position.
  • Drive key internal stakeholders toward alignment and consensus as applicable.
  • Plays a key role in consensus building among groups and recommending escalated approaches to Senior Management when appropriate.
  • Support accounting and financial planning in the appropriate incorporation and reflection of the regulatory expenses and revenues.
  • Collaborates effectively with several key business areas and direct a variety of distribution rate related activities, including customer rate impacts, earnings analyses and other ad hoc analyses.
  • Leads Company teams working with state agencies and government bodies to achieve settlement agreements and legislation regarding Eversource rate proposals.
  • Effectively develops and monitors staff.

Requirements

  • Bachelor’s in Accounting, Finance, Business Administration, related field or equivalent experience; Master’s preferred
  • Minimum of twelve (12) years related experience prior experience testifying before regulatory agencies preferred
  • Strong knowledge of finance, accounting and utility regulation.
  • Experience in regulatory financial concepts such as revenue requirements and rate making theory is highly desirable
  • Must have the aptitude to draw sound business conclusions, act decisively and drive business results.
  • Ability to effectively direct multiple and competing priorities and demonstrate excellent written and verbal communication skills is required.
  • Strategic mindset; demonstrated ability to consistently see the big picture and provide effective direction.
  • Focus on innovation; continually and consistently challenge the status quo.

Benefits

  • Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs.

Job title

Director, Distribution Revenue Requirements

Job type

Experience level

Lead

Salary

$188,880 - $209,870 per year

Degree requirement

Bachelor's Degree

Location requirements

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