Director, Distribution Revenue Requirements (hybrid) at Eversource Energy

Westwood, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Oct, 26

Salary

216170.0

Posted On

05 Jul, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Finance, Accounting, Utility Regulation, Revenue Requirements, Rate Making Theory, Strategic Planning, Regulatory Filings, Public Testimony, Stakeholder Management, Financial Analysis, Consensus Building, Leadership, Written Communication, Verbal Communication, Innovation, Project Management

Industry

Utilities

Description

Eversource will not offer immigration-related sponsorship for this position (e.g., H-1B, O-1, J-1, TN, E-3, etc.). Applicants requiring visa sponsorship to start employment with Eversource will not be considered. Role and Scope of 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. HYBRID WORK POLICY Eversource supports work-life balance by offering hybrid schedules for certain roles. Eligibility is based on job responsibilities, operational needs, nature of work and team dynamics. Current guidelines require employees to work at least three days in the office, including Tuesdays and Wednesdays, with the third day set by the employee and supervisor based on department needs. These guidelines apply to roles approved for remote work and are subject to change, based on managerial discretion and work performance. All applicants must be able to work up to five days in the office if needed (for example: emergencies, training, or other business needs) or should the policy change. Essential Functions: 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. Interpret regulatory developments for key stakeholders across the enterprise. Develop strategies to optimize positive impacts and impact negative impacts of such developments. Provide 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. Ensure appropriate review and sign-offs take place for all testimony, data requests, comments and briefs. Monitor for alignment of Company position. Drive 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. Support accounting and financial planning in the appropriate incorporation and reflection of the regulatory expenses and revenues. Collaborates effectively with several key business areas and direct 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. Technical Knowledge/Skill/Education/Licenses/Certifications: Technical Knowledge/Skill: 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 Education: Bachelor’s in Accounting, Finance, Business Administration, related field or equivalent experience; Master’s preferred Experience: Minimum of twelve (12) years related experience prior experience testifying before regulatory agencies preferred Licenses & Certifications: CPA or industry-specific designation(s) desirable, but not required. Working Conditions: Work is performed primarily in an office environment which requires sitting, standing and climbing stairs. Must be available to work emergency storm assignment as required. Must be available to travel between MA/CT/NH as necessary. Mental Aspects: Work includes analyzing, consulting, designing, implementing, presenting, leading, and coordinating. This role works in an environment that often requires the performance of multiple simultaneous activities, where deadlines need to be met and work is performed under pressure while involving significant business commitments and results. #corpajd #LI-RL1 Competencies: Build trusting relationships Manage and develop people Foster teamwork and cross-functional collaboration Lead change Communicate strategic vision Create an engaged workforce Focus on the customer Take ownership & accountability Compensation and Benefits: Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is: $194,550.00-$216,170.00 Worker Type: Regular Number of Openings: 1 Emergency Response: Responding to emergency situations to meet customers’ needs is part of every employee’s role. If employed, you will be given an Emergency Restoration assignment. This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location. EEO Statement: Eversource Energy is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status. VEVRRA Federal Contractor Who we are: Eversource Energy (NYSE:ES), a Fortune 500 and Standard & Poor’s 500 energy company based in Connecticut, Massachusetts and New Hampshire, operates New England’s largest energy delivery system. Eversource is committed to safety, reliability, environmental leadership and stewardship, and expanding energy options for its 4.3 million electric and natural gas customers. We are a company dedicated to our customers, communities and employees. We know that our success depends on the best efforts of our engaged team-talented and dedicated individuals who take pride in their work, know and exhibit the value of teamwork and collaboration, and support each other in working safely every day.

Responsibilities

Lead distribution regulatory strategies to ensure full financial recovery and protect against loss for operating companies in MA, CT, and NH. Direct a team dedicated to retail rate recovery mechanisms and testify before state regulatory bodies on financial and policy matters.