Director, Distribution Revenue Requirements

Eversource Energy • Westwood, MA

100d • $188,880 - $209,870

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.

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.
• Interprets regulatory developments for key stakeholders across the enterprise.
• Develops strategies to optimize positive impacts and mitigate negative impacts of such developments.
• Provides 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.
• Ensures appropriate review and sign-offs take place for all testimony, data requests, comments and briefs.
• Monitors for alignment of Company position.
• Drives 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.
• Supports accounting and financial planning in the appropriate incorporation and reflection of the regulatory expenses and revenues.
• Collaborates effectively with several key business areas and directs 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.

Benefits

• Competitive total rewards program.
• Salary is commensurate with your experience.
• Eligible for a potential incentive.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees