Rates and Revenues Manager

Chesapeake Utilities Corporation • Dover, DE

2d • Hybrid

About The Position

The Rates and Revenues Manager manages rate mechanisms and cost of service so the company can recover costs, set customer prices, and maintain regulatory compliance. The role oversees the development and implementation of cost recovery mechanisms and regulatory strategy initiatives, proposes solutions to key business issues, and provides oral and written testimony and support to federal and state regulatory agencies. The manager also oversees and develops team members under their direction.

The position develops rate-making strategies, determines revenue requirements, conducts cost-of-service studies, and prepares regulatory and revenue reports and forecasts. It leads the preparation of testimony, exhibits, and discovery responses for public utility commissions and other regulatory bodies; works with accounting on forecasting, budgeting, and monitoring rates and regulatory activities; oversees tariff programs; and collaborates with internal departments and external stakeholders. The role is hybrid remote within West Palm Beach, Florida, or Dover, Delaware.

Requirements

• Bachelor of Science in finance, accounting, economics, business, or a related field.
• Seven years of experience in utility finance, rate design, or regulatory strategy.
• Proficiency in regulatory rate-making and revenue requirements.
• Understanding of the regulatory process from filing through approval and implementation.
• Deep understanding of revenue management techniques, pricing strategies, forecasting, cost-of-service regulation, and federal and state regulatory processes.
• Strong organizational skills.
• Excellent verbal and written communication skills.
• Advanced proficiency in financial modeling and data analysis.
• Advanced proficiency in Microsoft Excel.
• Proficiency in Microsoft Word and PowerPoint.
• Ability to develop and maintain strong relationships.
• Leadership and team management abilities, including the capacity to motivate and guide a team to deliver results.
• Standard driver's license.

Responsibilities

• Develop and implement rate-making strategies, including general rate cases, formula rates, and infrastructure riders, aligned with company, regulatory, and customer needs.
• Determine revenue requirements to cover costs and earn a fair return, including conducting cost-of-service studies.
• Prepare and present regulatory and revenue reports and forecasts to senior management and stakeholders.
• Lead development of testimony, exhibits, and discovery responses for state public utility commissions or other regulatory bodies.
• Work with the accounting department to forecast, budget, and monitor rates and regulatory activities.
• Perform sensitivity analyses of revenues to load forecasting errors.
• Oversee development, filing, and maintenance of company tariff programs.
• Collaborate with finance, legal, and operations, and represent the utility with external stakeholders, including regulators and intervenors.
• Direct and develop staff specializing in regulatory analysis, rate design, and revenue modeling.
• Perform other responsibilities as assigned.

Benefits

• Competitive base salary.
• Career growth opportunities.
• Cooperative, supportive, and empowered team atmosphere.
• Annual bonus and salary increase opportunities.
• Monthly recognition events.
• Wellness initiatives and community events.
• Customizable benefits packages, with options including 401(k), medical, dental, and life insurance, tuition reimbursement, and compensated volunteer hours.
• Paid time off, holidays, and a separate bank of sick time.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager