Senior Regulatory Accountant

National Rural Utilities Cooperative Finance Corporations • Dulles, VA

112d • Hybrid

About The Position

Join a member-driven leader in a fast-paced, challenging and collaborative environment with the shared mission of supporting America's network of rural electric cooperatives. Since its formation in 1969, National Rural Utilities Cooperative Finance Corporation, or CFC, located in Dulles, Virginia, has provided capital and industry-leading financial products to more than 1,000 not-for-profit, consumer-controlled utility systems across the United States. Our exceptional team delivers the 'CFC Difference' that encompasses our values of service, integrity and excellence in all our interactions. CFC has a need for a Senior Regulatory Accountant to join the Utility Pricing, Policy & Analytics team. This is a hybrid position requiring onsite work at our headquarters office in Sterling, VA, as well as optional remote workdays. The Senior Regulatory Accountant provides electric utility rate-making, policy, and regulatory advisory consulting services to CFC member systems with particular attention to federal and state regulatory and accounting expertise.

Requirements

• Bachelor's degree in accounting, and CPA required.
• Minimum of 8 years of varied and progressive accounting experience, either for an accounting firm with audit experience with public utilities or cooperative utilities, or a regulated electric/gas utility company as a member of its financial management team.
• Strong understanding of GAAP and ability to research technical accounting issues.
• Strong understanding of issues associated with section 404 of the Sarbanes-Oxley Act of 2002 related to controls over financial reporting.
• Strong analytical skills.
• Broad knowledge of G/L, plant accounting and billing systems and internal accounting controls.
• Strong knowledge of relevant utility FASB statements and emerging FASB utility related accounting issues.
• Expert knowledge of the regulatory process, testimonial requirements and procedures for state commissions and FERC.
• Ability to testify before federal and/or state regulatory commissions.
• Proven customer service skills, with significant aptitude in verbal and written communication.
• Proven ability to take initiative and to efficiently manage a project from start to completion.
• Expert ability to create and deliver executive presentations.
• Expert ability to think systemically and complete multiple tasks simultaneously with a significant attention to detail.
• Ability to work independently as well as in a team setting.
• Demonstrated strong writing skills.
• MS Office Suite (Excel, Word, Power Point)
• Ability to use standard office equipment.

Responsibilities

• Assist and provide guidance to electric cooperative management and board-of-directors on contemporary retail rate strategies and options.
• Provide CFC members with regulatory consulting services at the federal and state level.
• Conduct revenue requirement and cost of service studies consistent with industry accepted best practices and regulatory bodies.
• Develop traditional electric distribution rates, as well as specialty rates to include residential demand, EV, time-of-use, interruptible, and demand side management for CFC member cooperatives.
• Analyze and assess industry trends, events and federal and state regulatory activities to determine the impact on CFC and its members.
• Prepare competent expert testimony to advocate for the members' and/or CFC's positions.
• Significant familiarity with the electricity industry landscape including state and federal regulations, business models, financial fundamentals, and rate development.
• Develop and present educational programs on technical issues to effectively and clearly transfer knowledge and skills to diverse constituents.
• Provide support to other aspects of as required, including but not limited to: Determination of revenue requirements, cost of service analysis, rate design, and cooperative taxation issues associated with revenue requirements, and patronage capital issues.
• Consult with members regarding compliance with federal regulatory and accounting issues, as well as federal, state and local filing and reporting requirements.
• Develop complex financial models, including but not limited to financial planning models.
• Testify before federal/state commissions and legislative bodies regarding regulatory accounting, GAAP, emerging issues, and cooperative tax issues.
• Perform research on regulatory, accounting and disclosure rules, write reports and provide updates of products and services to CFC and its members.
• Evaluate emerging regulatory and accounting issues facing cooperative utilities.
• Author technical papers, educational manuals, and/or supplements on various financial industry topics.

Benefits

• Hybrid work options
• Annual incentive opportunities
• Employer-paid pension plan
• 401(k)
• Medical, dental and vision insurance
• Generous leave policy
• Onsite gym

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Religious, Grantmaking, Civic, Professional, and Similar Organizations
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees