Director of Finance & Economics

State of Vermont•Calais, VT

3d•Hybrid

About The Position

The Vermont Department of Public Service (PSD) is seeking a Director of Finance & Economics to lead critical financial and economic analyses in support of the Department's mission to represent the public interest in utility matters. This position reports to the Commissioner and directly supervises two financial assistants. The Director of Finance & Economics evaluates the financial strengths and weaknesses of regulated utilities and provides expert analysis and testimony before the Vermont Public Utility Commission. The work involves complex financial and economic assessments related to cost of service, rate base, cost of equity, rate of return, and rate design, ultimately determining whether proposed utility rates are just and reasonable under traditional and alternative ratemaking standards. This is a highly visible leadership role that directly impacts Vermont's energy and utility landscape.

Requirements

Bachelor's degree or higher in finance, accounting, economics, or related field.
Five (5) or more years of experience in finance and/or economics in a regulated operating environment.
One (1) or more years of supervisory experience.
Deep knowledge of utility cost-of-service principles, financial accounting principles, cost accounting, depreciation, and cost study methodologies.
Strong understanding of micro and macroeconomic principles and their application in utility regulation.
Ability to master intricate policy and procedural issues related to rate setting, cost allocation, rate design, market restructuring, and state and federal regulatory frameworks.
Excellent communication skills.
Strong collaboration skills.

Nice To Haves

Graduate work in accounting, economics, business administration, or electrical engineering.
FERC, FCC and anti-trust experience is desirable.
CMA, CFA, CFM or CPA certifications.

Responsibilities

Lead critical financial and economic analyses in support of the Department's mission to represent the public interest in utility matters.
Evaluate the financial strengths and weaknesses of regulated utilities.
Provide expert analysis and testimony before the Vermont Public Utility Commission.
Conduct complex financial and economic assessments related to cost of service, rate base, cost of equity, rate of return, and rate design.
Determine whether proposed utility rates are just and reasonable under traditional and alternative ratemaking standards.
Conduct audits.
Manage consultants.
Provide clear, data-driven recommendations.
Present complex technical information clearly and persuasively.
Collaborate effectively with utility representatives, government officials, and the public.