Sr Rate Analyst

PEPCO•Newark, DE

About The Position

We're powering a cleaner, brighter future. Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient. We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career. Are you in? Primary Purpose PRIMARY PURPOSE OF POSITION Obtains and compiles necessary internal data/information and assists in the preparation of distribution cost-of-service studies (financial modeling) for Delmarva Power, a utility subsidiary of Exelon Corporation. Performs and reviews analyses related to distribution cost-of-service and the determination of the revenue requirement, including the evaluation of impacts on the Company and its customers. Prepares information used in distribution rate related regulatory proceedings, reports filed with regulatory bodies, and external communications related to retail rate proposals, including the preparation of distribution base rate cases and capital tracker filings to request rate recovery of investment from the state regulatory agency (Delaware Public Service Commission). Prepares written testimony in support of the related financial modeling for Company witnesses in distribution regulatory proceedings, primarily in support of the revenue requirement and distribution cost-of-service.

Requirements

BA or BS degree and 4-8 years relevant experience, with a minimum of 2-4 years in Company areas relating to finance, regulatory activities, or retail rate application, OR in lieu of bachelor's degree, 6-9 years of relevant experience is required.
Proficiency in word processing, spreadsheet, and presentation programs
Strong analytical and detail orientation skills on a diverse range of subject matter
Strong written and oral communication skills
Ability to work independently and in team settings with minimal supervision

Nice To Haves

Undergraduate and/or graduate degree in accounting, finance, business, or related subjects.
CPA Holder or CPA candidate.
Experience in Utility Regulation (Revenue Requirements, Rate Design) or Utility Accounting preferred.
Strong critical thinking and problem-solving abilities.
Exhibits strong initiative and a curious disposition.

Responsibilities

Prepares and assists with the preparation of regulatory filings (financial modeling) requesting distribution rate recovery for Delmarva Power. Prepares and submits informational filings containing financial and accounting data pursuant to formulae and related provisions in approved rules and regulations and the associated work papers supporting these determinations.
Collaborates in the development and preparation of distribution cost of service (financial modeling) studies. Performs specialized analyses within such studies for other's use utilizing analytical and critical thinking skills.
Provides quality assurance and recommendations in the review/referencing of a wide variety of analyses and information produced by the department using critical thinking, analytical skills, accounting/financial expertise, and attention to detail.
Performs strategic research and develops recommendations on a wide range of topics related to distribution utility regulation.
Reviews new tariffs and revisions to existing tariffs for retail electric services, including drafting tariff language. Responds to inquiries regarding the design and application of rates for the provision of retail electric services to organizations within the Company.
Prepares and reviews responses to data requests in distribution regulatory proceedings and required reports to regulatory bodies.
Assists other areas in the Company in developing procedures and communications related to new tariffs and revisions to existing tariffs.

Benefits

Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $86,400.00/Yr. – $118,800.00/Yr.
Annual Bonus for eligible positions: 15%
401(k) match and annual company contribution
Medical, dental and vision insurance
Life and disability insurance
Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
Employee Assistance Program and resources for mental and emotional support
Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
Referral bonus program
And much more
Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.