Director, Revenue Requirements, Distribution - NH

Company: Eversource
Location: Manchester
Posted on: November 21, 2022

Job Description:

Role and Scope of Position: Lead the Company's distribution regulatory strategies to ensure full recovery and protect against loss for the operating companies located in 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.Essential Functions: -

• 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.Technical Knowledge/Skill/Education/Licenses/Certifications:Technical Knowledge/Skill: -
  • 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 quoEducation: -
    • Bachelor's in Accounting, Finance, Business Administration, related field or equivalent experience; Master's preferred - - - - - - - - - - - - - - - - - - - - -Experience:
      • Minimum of twelve (12) years related experience prior experience testifying before regulatory agencies preferredLicenses & Certifications: - -
        • CPA or industry-specific designation(s) desirable, but not required.Working Conditions:
          • Work is performed primarily in an office environment which requires sitting, standing and climbing stairs.
          • Must be available to work emergency storm assignment as required.
          • Must be available to travel between MA/CT/NH as necessary.Mental Aspects:
            • Work includes analyzing, consulting, designing, implementing, presenting, leading, and coordinating. - This role works in an environment that often requires the performance of multiple simultaneous activities, where deadlines need to be met and work is performed under pressure while involving significant business commitments and results.Leadership Behaviors/Competencies:Set and Communicate Direction and Priorities
              • Cascade and translate strategies into action plans.
              • Communicate goals and priorities (company, department, team); ensure line of sight
              • Drive accountability/monitor progress
              • Communicate, communicate, communicateBuild Trusting Relationships
                • Role model honesty and integrity in all communication and actions
                • Balance "getting results" with concern for individual needs
                • Have honest dialogue with employees; get to know them
                • Track commitments and follow-upManage and Develop People
                  • Create individual development plans with direct reports
                  • Set realistic performance objectives
                  • Give ongoing, honest feedback; coach for success
                  • Differentiate performance and provide rewards and recognitionFoster Teamwork and Cross-functional Collaboration
                    • Surface and address competing goals
                    • Encourage cooperation/remove obstacles between functions
                    • Conduct teambuilding/development processes
                    • Encourage collaboration
                    • Guide team in translating organizational goals into day-to-day workCreate a Diverse, Inclusive Workforce
                      • Involve employees/seek input in decision making, on continuous improvement ideas and change
                      • Diversify staff, where possible, in hiring/promotions
                      • Seek opportunities to utilize diverse suppliersLead Change
                        • Exhibit a "can-do" attitude to successfully develop and implement changes in strategy, priorities and work processes
                        • Respond positively to new demands or circumstances
                        • Act optimistically to influence others to embrace changeFocus on the Customer
                          • Ensure that we have processes in place to deliver on our customer promise and provide superior customer service
                          • Be a role model for the business on delivering superior customer serviceWorker Type:RegularNumber of Openings:1EEO StatementEversource Energy is an Equal Opportunity and Affirmative Action Employer. - All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.VEVRRA Federal ContractorVaccination Information: Eversource requires all new employees to be fully vaccinated for COVID-19 by their first day of employment. -If you have any concerns regarding compliance with this requirement, you will need to discuss your concerns with Eversource's HR department after you have been made a conditional offer of employment. Eversource does not require applicants to discuss vaccination status prior to receipt of a conditional offer of employment and complies with all applicable laws.Emergency Response:Responding to emergency situations to meet customers' needs is part of every employee's role. If employed, you will be given an Emergency Restoration assignment. -This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location. -

Keywords: Eversource, Manchester , Director, Revenue Requirements, Distribution - NH, Professions , Manchester, New Hampshire