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About the role
- Director of Distribution Revenue Requirements leading financial recovery regulatory strategies at Eversource Energy. Collaborating with teams and regulatory bodies in Massachusetts, Connecticut, and New Hampshire.
Responsibilities
- 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.
- 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.
Requirements
- Bachelor’s in Accounting, Finance, Business Administration, related field or equivalent experience; Master’s preferred
- Minimum of twelve (12) years related experience prior experience testifying before regulatory agencies preferred
- 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.
Benefits
- Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs.
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