Director, Distribution Revenue Requirements (hybrid)

Eversource Energy•Westwood, MA

25d•Hybrid

About The Position

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. HYBRID WORK POLICY Eversource supports work-life balance by offering hybrid schedules for certain roles. Eligibility is based on job responsibilities, operational needs, nature of work and team dynamics. Current guidelines require employees to work at least three days in the office, including Tuesdays and Wednesdays, with the third day set by the employee and supervisor based on department needs. These guidelines apply to roles approved for remote work and are subject to change,  based on managerial discretion and work performance. All applicants must be able to work up to five days in the office if needed (for example: emergencies, training, or other business needs) or should the policy change.

Requirements

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
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

Nice To Haves

CPA or industry-specific designation(s) desirable, but not required.

Responsibilities

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.
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.