In addition to supervising, scheduling and coordinating the work of the Finance Section, the UFA 4 conducts detailed technical analysis of utility and pipeline rate filings of the highest complexity, including financial audits of revenue requirement, cost of service, and rate design studies, as well as related testimony and proposed tariff revisions. This position verifies the mathematical accuracy and reasonableness of proposed rates by applying appropriate auditing techniques and generally accepted ratemaking principles, determining the elements of revenue requirements, including verification and normalization of operating expenses, rate base, allowance for taxes, and establishing the appropriate return on rate base or application of the times interest earned ratio (TIER).
The UFA 4 prepares highly detailed, well-supported recommendations to the Commission for presentation both in writing and orally, in public and adjudicatory settings. This position uses database applications to perform research, and spreadsheet/word processing applications to develop and review calculations and prepare written reports. The UFA 4 works with utility representatives and other Commission staff to ensure proposed rates are accurate and aligned with applicable authority, the Commissioners are well-informed, and Commission rulings are executed within statutory timelines..
Any combination of education and/or experience that provides the applicant with competencies in
Accounting: Knowledge of traditional accounting practices including accrual, obligations, and costs methods.
Decisiveness: Makes well-informed, effective, and timely decisions, even when data are limited or solutions produce unpleasant consequences; perceives the impact and implications of decisions.
Planning and Evaluating: Organizes work, sets priorities, and determines resource requirements; determines short- or long-term goals and strategies to achieve them; coordinates with other organizations or parts of the organization to accomplish goals; monitors progress and evaluates outcomes.
Political Savvy: Identifies the internal and external politics that impact the work of the organization. Perceives organizational and political reality and acts accordingly.
Technical Credibility: Understands and appropriately applies principles, procedures, requirements, regulations, and policies related to specialized expertise.
Equivalent to those typically gained by:
Any combination of preparatory post-secondary education and/or progressively responsible professional level experience in accounting, finance, business administration, public administration, or a closely related field/industry.
