Sr Manager Rates at American Water Works Service Company Inc in Camden, New Jersey

Job Description:

Founded in 1886, American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Camden, NJ, the company employs over 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 46 states.  To learn more about American Water and additional career opportunities, visit www.amwater.com.

Primary Role

• Responsible for leading rates and regulatory activities for Vriginia and Maryland and may assist with other northeast states while participating in regional activities.


• Shapes, drives and influences the rate case process within the state(s).


• Supports regulatory initiatives in the form of required testimony, exhibits and interrogatories consistent with individual rate case requirements.


• Ensures compliance with US GAAP and regulatory and Company policies.


• Plans, efficiently project manages and executes general rate cases, rate mechanism compliance filings and all other rate and regulatory filings, as required by law, regulation or commission order and consistent with the business plan for the state or division.


• Coordinates rate and regulatory activities with finance, engineering and legal functions and provides clear technical guidance on rate and regulatory matters to communications, external and government affairs, and customer advocacy functions.


• Ensures the accuracy of communications material related to rate and regulatory matters.


• Plays a lead role in business planning and business development (identification, evaluation, pricing, bidding and bid award), as required by the division or state, as well as post-acquisition integration.


• Ensures that rate case and mechanism timing and results, including the requested and actual capital structure and return on equity (among other things) are consistent with the business plan.


• Establishes and maintains good working relationships with key public utility commission and consumer advocate staff and other key stakeholders (e.g. municipal, customer and environmental) on a regular basis.


• Leads or co-leads strategic aspects of general rate cases, acquisitions, legislation, regulation and other utility policy matters and provides expert technical and policy advice and recommendations to the rates director and/or senior leadership team in the division or state.

Key Accountabilities

• Ensures on-going compliance to maintain the Company’s good standing:


• Identifies, documents and completes rate related regulatory requirements and liaises with other functions (operations, HR, etc.) to advise on other regulatory requirements.


• Meets targets developed by the State and/or Division President and/or Director of Rates & Regulations for critical items not specified as a regulatory requirement.


• Ensures timely and accurate filings on all regular or routing matters, e.g., DSIC, annual AIF, Tariff Updates, etc.


• Ensures compliance with US GAAP in accordance with the local rate making process.


• Provides Rates and Regulations leadership within the specified state and/or multiple states:


• Works with the Director of Rates and/or State President/GM to coordinate rate case strategy and execution within the state(s).


• Provides advice and expertise on a pro-active basis to executives, senior managers and employees.


• Represents the Director of Rates & Regulations and/or State President internally as well as to external regulators and industry stakeholders throughout the state(s).


• Develops and maintains a recognized presence with state regulators, advocates, legislators, municipal officials and other key stakeholders.


• Assists in the formulation of corporate policies and procedures and compliance with such policies and procedures.


• Provides advice and assistance in planning and reporting progress on all regulatory matters including regulatory revenue forecasting. 


• Maximizes value for the operating company(ies):


• Project manages selected rate cases and other regulatory filings.


• Ensures that each case is thoroughly and completely prepared.


• Prepares and reviews rate case support schedules, testimony and exhibits.


• Prepares and reviews response to interrogatories.


• Provides expert testimony (written and oral) on items of particular complexity or sensitivity.


• Collaborates with external consultants and in-house counsel to ensure efficient prosecution of general rate cases.


• Prepares filings for other key strategic issues supporting the ongoing development of the business.


• Coordinates with engineering to efficiently plan capital additions. 


• Ensures on-going compliance to maintain the Company’s good standing:

Continued

• Identifies, documents and completes rate related regulatory requirements and liaises with other functions (operations, HR, etc.) to advise on other regulatory requirements.


• Meets targets developed by the State and/or Division President and/or Director of Rates & Regulations for critical items not specified as a regulatory requirement.


• Ensures timely and accurate filings on all regular or routing matters, e.g., DSIC, annual AIF, Tariff Updates, etc.


• Ensures compliance with US GAAP in accordance with the local rate making process. 


• Assists in developing a top notch rates team.


• Supports and develops team members and provides flexible support to colleagues in the division or state, in other divisions or states, as well as the Rate and Regulatory Services team.


• Provides assistance in building and maintaining the Rates


• Knowledge community and in developing best practices.


• Contributes to effective communication by listening and providing constructive feedback, supporting the creation of an open and honest work environment, and cascading and sharing knowledge and information relevant to other members of the team and colleagues across the business.


• Ensures continued staff development as complete rates professional including case preparation, testimony and external relations.


• Provides formal and informal advice, guidance and training to other functions as needed to increase rate and regulatory acumen throughout the business, and to advance the division or state business objectives. 


• Drives on-going improvements.


• Records process performance using established measures.


• Regularly reviews, measures and assesses activities to drive continuous process improvements and related goals.


• Provides tools and practices to optimize total process efficiency and effectiveness in accordance with corporate objectives.


• Implements Best Practices. 

Knowledge/Skills

• Comprehensive and advanced knowledge of US GAAP, International


• Accounting Standards, SOX and other regulatory (SEC, state utility regulatory bodies, etc.) requirements and practices.


• Detailed understanding of the regulatory environment in the division or state and detailed knowledge of the utility regulations and tariffs in effect in the division or state.


• Demonstrated working knowledge of the national utility regulatory issues affecting the enterprise, and a detailed understanding of how the national utility regulatory issues are handled in the division or state.


• Demonstrated experience in managing and coaching direct reports and establishing career development plans by identifying development goals, milestones and measures.


• Excellent business understanding and personal credibility with business managers.


• Comprehensive knowledge of analysis techniques to apply to new and unusual activities.


• Advanced knowledge of corporate and utility accounting and reporting.


• Implementation and management of Process Improvement and Best Practices Programs.


• Development and management of on-going regulated and non-regulated compliance programs.


• Assistance in the formulation of corporate policies and procedures and compliance with such policies and procedures.


• Broad functional knowledge with advanced knowledge of financial and accounting systems and software, frameworks and functionality such as:


• Microsoft Office products, spreadsheet software, JD Edwards, SAP, Orcom,


• Hyperion or other ERP systems.


• Utility industry experience a plus.


• Understanding of state specific political and economic factors.


• Seasoned experience in rate case testimony.


• Highly experienced in working with stakeholders, including PSC, consumer advocate, legislative, municipal, and others, preparing written testimony and delivering oral testimony on complex and controversial issues.


• Experience covers multiple rate cases with amounts above $10 Million.

Experience/Education

• 10 years prior accounting related job experience required, including experience with full cycle accounting processes.


• 7 to 8 years prior experience in the utility industry and/or a shared service or multi-company corporation.


• Demonstrated experience in identifying process improvement opportunities and engaging in implementing improvements.


• Demonstrated experience in analyzing customer needs through soliciting, evaluating and acting upon customer feedback.


• Demonstrated experience in managing and coaching direct reports and establishing career development plans by identifying development goals, milestones and measures.


• Will have taken the lead role in a number of rate cases.


• Bachelor’s Degree in Accounting or Finance or related field. Other degrees considered with directly relevant experience.


• MBA in Accounting or Finance Helpful.


• CPA, CMA or other technical license preferred.

Travel Requirements

20%

Other

• State revenues (in single state and/or group of two smaller states) in excess of $75M or a highly complex operating environment as denoted by:


• District specific rates and filings covering 5 or more geographically diverse districts


• Need to negotiate and strategize with multiple parties: internal - legal, regional/division and corporate management; and external - commission staff and lawyers.


• Strong ability to collaborate with others internally and externally.


• Ability to effectively communicate and negotiate with and influence public utility and consumer advocate staff and other key stakeholders.


• Provide effective expert witness testimony in rate cases and other regulatory proceedings. Ability to work calmly and effectively under extreme pressure and deadlines.

Competencies

Champions safety

Customer obsessed

Cultivates innovation

Nimble learning

Drives Results

Collaborates

Join American Water...We Keep Life Flowing™

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because he or she is an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

 

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