Sr Rate Analyst at PEPCO

Newark, Delaware, United States -

Full Time

Start Date

Immediate

Expiry Date

19 May, 26

Salary

0.0

Posted On

18 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Modeling, Cost-of-Service Studies, Revenue Requirement Determination, Regulatory Filings, Rate Design, Financial Analysis, Accounting Expertise, Critical Thinking, Analytical Skills, Attention To Detail, Written Testimony Preparation, Tariff Review, Data Request Response, Spreadsheet Proficiency, Database Proficiency, Oral Communication

Industry

Construction

Description

Who We Are 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. Primary Duties PRIMARY DUTIES AND ACCOUNTABILITIES 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. (25%) 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. (20%) 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. (15%) Performs strategic research and develops recommendations on a wide range of topics related to distribution utility regulation (10%). 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. (10%) Prepares and reviews responses to data requests in distribution regulatory proceedings and required reports to regulatory bodies. (10%) Assists other areas in the Company in developing procedures and communications related to new tariffs and revisions to existing tariffs. (10%). Job Scope JOB SCOPE Direct supervisory responsibilities are minimal but include the provision of guidance and indirect oversight to colleagues related to the preparation and distribution of cost-of-service studies (financial modeling) and related analyses. In addition, supervisory responsibilities may occasionally include project leadership roles. Work leadership is necessary to provide peers guidance in the preparation and development of related financial modeling/analyses, in the related review and evaluation, and in providing counsel to others in interpreting and incorporating new changes. Work leadership is also provided through provision of quality assurance and quality control in review of peer's work. Requests for information or analyses are usually performed independently and are subject to review. Contact with other business units and outside parties requires comprehensive written and oral communications, initiative, judgment and appropriate course of action. Tact, persuasiveness, and perseverance must be utilized. This role works closely with various finance, accounting, and regulatory teams and additionally includes collaboration with tax, operations, government & external affairs, and other groups throughout the Company. Participation as the department representative on various cross-functional Company projects. Work is somewhat diversified in nature but consists primarily of financial analysis using accounting data. Decision making authority is related to the completion of projects and assignments. Initiative and judgment are required in determining appropriate courses of action. Work involves the use of computer word processing at an average proficiency level and the use of spreadsheet, and database applications at an advanced proficiency level. The job scope requires significant use of Microsoft Excel, Word, and Powerpoint (listed in order of use). Work involves utilizing Company enterprise resource systems to retrieve reports and analyze financial, accounting, and other quantitative data for use in financial modeling or in providing information. Minimum Qualifications MINIMUM QUALIFICATIONS 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 Preferred Qualifications PREFERRED QUALIFICATIONS 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. 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.

Responsibilities

This role involves obtaining and compiling internal data to prepare distribution cost-of-service studies and financial modeling for rate determination, as well as preparing information for regulatory proceedings and drafting written testimony.