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Senior Regulatory Financial Analyst (Hybrid)

01/22/2024

Locations Manchester, New Hampshire

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Job Description

Senior Regulatory Financial Analyst (Hybrid)

01/22/2024

Locations: Manchester, New Hampshire

Our Team

We have a unique opportunity to join our growing Revenue Requirements team as a Senior Regulatory Financial Analyst. The regulatory and revenue requirements team works to ensure a fair financial balance among the interests of regulators, customers, and shareholders through various legal proceedings in the state of New Hampshire.


The role of a regulatory financial analyst is a non-traditional accounting/finance role where you will be working cross functionally to support regulatory filings submitted to the NH Public Utilities Commission (“PUC”). As a regulatory financial analyst, you will be responsible for reconciling revenues and expenses used in various cost tracking mechanisms. You will prepare schedules to be included in distribution regulatory filings for the Eversource electric operating company of New Hampshire. You will play a key role in driving regulatory strategy, supporting information requests and questions received from the NH PUC, NH Department of Energy (“DOE”) and other stakeholders, while supporting the expert witnesses testifying to each filing.


Our team is at the center of ensuring Eversource is compliant with the regulatory requirements in New Hampshire as a public utility company – we offer a great career growth within our team and company.


The role is based in Manchester, NH

Essential Functions

  • Responsible for compiling financial and accounting information related to revenue filings submitted with the state regulator, the NH PUC.

  • Supports the testimony of the expert witness (representing the Company) before the PUC on topics covering a multitude of regulatory issues, such as reconciling filings (or cost trackers) related to:

    • Distribution rate cases

    • Storm Cost Recovery

    • Energy Efficiency

    • Lost Base Revenue

    • Default Energy Service

    • Vegetation Management Program

    • Transmission Cost Adjustment Mechanism

    • Regulatory Reconciliation Adjustment Mechanism

    • Pole Plant Adjustment Mechanism

    • Stranded Cost Reconciliation

  • Communicates complex issues and results of financial analysis in terms that are accessible for relevant internal and external stakeholders (management, external counsel, PUC, DOE, OCA)

  • Prepares and owns work papers in support of company filings and information requests received from various internal and external stakeholders.

  • Docket management of regulatory proceedings to ensure deadlines are known and met

  • Contributes to streamlining or improving existing procedures and eliminating or replacing outdated processes.

  • Identifies and raises to manager any potential regulatory risks, impediments, and communicates progress against goals.

  • Maintains knowledge of current industry trends and industry-related legislation pertinent to the business area

  • Ability to work in an operating environment that requires both the understanding and the appropriate application of generally accepted accounting and economic principles and ratemaking/regulatory principles.

Technical Knowledge/Skills

  • The Senior Analyst must be comfortable interacting with third parties such as lawyers, consultants, and regulatory staff in multiple states, and peers within industry.

  • Ability to work in a fast-paced environment in order to meet regulatory deadlines.

  • Strong knowledge of basic accounting theory and financial principles

  • Strong knowledge of accounting practices and procedures

  • Strong analytical and problem-solving skills. Ability to assess situations and reach conclusions objectively.

  • Strong teaming skills, is eager to learn, contribute and collaborate to support the achievement regulatory compliance.

  • Strong time management and organization skills, ability to adapt quickly to changing environments, see your responsibilities through to their conclusion.

  • Microsoft Excel advanced skills required.  

Education

  • Bachelor’s Degree in in Accounting, Finance, Economics or closely-related discipline required

  • Advanced degree preferred

Experience

  • 5+ years business, finance, accounting, legal, or related experience for a Senior Analyst level

Preferred Experience, Not Required: 

  • Application of revenue requirements theory as well as the applicable regulations pertaining to Eversource cost tracking mechanisms.

  • Understanding of deferred accounting principles for public utilities

  • Understanding of the concepts related to rate base and operating income as they pertain to the Companies’ return on equity

  • Accounting research techniques

Working Condition

  • Must be available to work emergency restoration assignment as required.

Compensation and Benefits

Eversource offers a competitive total rewards program.  The annual salary range for this position starts at $100,530.00 to $111,700.00, plus incentive.  Salary is commensurate with your experience.  Check out the career site for an overview of our benefits.

#corpajd

Worker Type:

Regular

Number of Openings:

1

EEO Statement

Eversource Energy is an Equal Opportunity and Affirmative Action 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

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. 

Apply

Overview

Eversource is always looking for employees who share the values that help make us one of the leading energy companies in the country. Our Corporate areas work collaboratively and strategically with all areas of the business to set policy and drive strategic direction. We create value for our business areas by delivering consistent, quality, cost-effective services, and leading change to build a more engaged workplace and a performance culture. You'll have a variety of opportunities to further your career. We have a great working environment, excellent compensation and benefit programs, and opportunities for growth and development.

Learn more about careers in IT, Finance/Accounting, Legal, Human Resources and Corporate Relations.

About us

We are Eversource

At Eversource, our mission is to safely deliver reliable energy and superior customer service to our electric, natural gas and water customers across New England. We do this ethically, respectfully and honestly to meet the expectations of our customers, regulators and ourselves.

Men at work

Success Profile

What makes a successful Corporate member?

Check out the top traits we're looking for and see if you have the right mix.

  • Collaborative
  • Customer Focus
  • Team Player
  • Adaptable
  • Detail Oriented
  • Positive

Culture

Our goal is to remain the best energy company in the nation, and to be the first with carbon-neutral operations by 2030.

We will achieve this by valuing the diversity of employees who bring different perspectives to the table. We are committed to:

  • Creating an inclusive workplace where all employees, customers and stakeholders are respected and valued.
  • Leveraging the talent, unique perspectives, cultural and life experiences of every employee to ensure our continued success.
  • Attracting, developing and retaining a diverse workforce that can work together to meet the changing needs of the customers we serve while delivering reliable energy and superior customer service.

Over the past year, Eversource and employees contributed:
103 events with more than 23,000 hours and 4,900 employees—that's what Eversource volunteers accomplished in 2021 to help our communities across CT, NH, and MA. Whether it was collecting food for the holidays, passing out food in a local kitchen, or pulling trash out of the Connecticut River, we were there. Take a look at some highlights in this video.

Employee Quotes

Manius,
Staff Accountant

Meet Manius

“I joined Eversource in the hopes to grow and become more than what's expected. To challenge myself in an environment, work family oriented, and most importantly an accounting method that took me out of my comfort zone.”

Kara, Manager of Financial
Planning & Budgets

Meet Kara

“I joined Eversource 11 years ago as an intern in the Accounting division and then full time after graduating from Roger Williams University with a degree in Accounting.”

Melissa, Community
Relations Specialist

Meet Melissa

“I love that my job keeps me on the go and no day is ever the same. Every day I get to work closely with municipal leaders and make sure their needs are being met – leveraging those relationships to work towards a better tomorrow for every community we serve.”

Job Description

Senior Regulatory Financial Analyst (Hybrid)

01/22/2024

Locations: Manchester, New Hampshire

Our Team

We have a unique opportunity to join our growing Revenue Requirements team as a Senior Regulatory Financial Analyst. The regulatory and revenue requirements team works to ensure a fair financial balance among the interests of regulators, customers, and shareholders through various legal proceedings in the state of New Hampshire.


The role of a regulatory financial analyst is a non-traditional accounting/finance role where you will be working cross functionally to support regulatory filings submitted to the NH Public Utilities Commission (“PUC”). As a regulatory financial analyst, you will be responsible for reconciling revenues and expenses used in various cost tracking mechanisms. You will prepare schedules to be included in distribution regulatory filings for the Eversource electric operating company of New Hampshire. You will play a key role in driving regulatory strategy, supporting information requests and questions received from the NH PUC, NH Department of Energy (“DOE”) and other stakeholders, while supporting the expert witnesses testifying to each filing.


Our team is at the center of ensuring Eversource is compliant with the regulatory requirements in New Hampshire as a public utility company – we offer a great career growth within our team and company.


The role is based in Manchester, NH

Essential Functions

  • Responsible for compiling financial and accounting information related to revenue filings submitted with the state regulator, the NH PUC.

  • Supports the testimony of the expert witness (representing the Company) before the PUC on topics covering a multitude of regulatory issues, such as reconciling filings (or cost trackers) related to:

    • Distribution rate cases

    • Storm Cost Recovery

    • Energy Efficiency

    • Lost Base Revenue

    • Default Energy Service

    • Vegetation Management Program

    • Transmission Cost Adjustment Mechanism

    • Regulatory Reconciliation Adjustment Mechanism

    • Pole Plant Adjustment Mechanism

    • Stranded Cost Reconciliation

  • Communicates complex issues and results of financial analysis in terms that are accessible for relevant internal and external stakeholders (management, external counsel, PUC, DOE, OCA)

  • Prepares and owns work papers in support of company filings and information requests received from various internal and external stakeholders.

  • Docket management of regulatory proceedings to ensure deadlines are known and met

  • Contributes to streamlining or improving existing procedures and eliminating or replacing outdated processes.

  • Identifies and raises to manager any potential regulatory risks, impediments, and communicates progress against goals.

  • Maintains knowledge of current industry trends and industry-related legislation pertinent to the business area

  • Ability to work in an operating environment that requires both the understanding and the appropriate application of generally accepted accounting and economic principles and ratemaking/regulatory principles.

Technical Knowledge/Skills

  • The Senior Analyst must be comfortable interacting with third parties such as lawyers, consultants, and regulatory staff in multiple states, and peers within industry.

  • Ability to work in a fast-paced environment in order to meet regulatory deadlines.

  • Strong knowledge of basic accounting theory and financial principles

  • Strong knowledge of accounting practices and procedures

  • Strong analytical and problem-solving skills. Ability to assess situations and reach conclusions objectively.

  • Strong teaming skills, is eager to learn, contribute and collaborate to support the achievement regulatory compliance.

  • Strong time management and organization skills, ability to adapt quickly to changing environments, see your responsibilities through to their conclusion.

  • Microsoft Excel advanced skills required.  

Education

  • Bachelor’s Degree in in Accounting, Finance, Economics or closely-related discipline required

  • Advanced degree preferred

Experience

  • 5+ years business, finance, accounting, legal, or related experience for a Senior Analyst level

Preferred Experience, Not Required: 

  • Application of revenue requirements theory as well as the applicable regulations pertaining to Eversource cost tracking mechanisms.

  • Understanding of deferred accounting principles for public utilities

  • Understanding of the concepts related to rate base and operating income as they pertain to the Companies’ return on equity

  • Accounting research techniques

Working Condition

  • Must be available to work emergency restoration assignment as required.

Compensation and Benefits

Eversource offers a competitive total rewards program.  The annual salary range for this position starts at $100,530.00 to $111,700.00, plus incentive.  Salary is commensurate with your experience.  Check out the career site for an overview of our benefits.

#corpajd

Worker Type:

Regular

Number of Openings:

1

EEO Statement

Eversource Energy is an Equal Opportunity and Affirmative Action 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

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. 

Apply

Benefits

Eversource employees are committed to providing reliable energy and superior customer service—and that's why we are committed to providing our employees with a highly competitive total rewards package. In addition to wages and salaries, the benefit programs Eversource offers its employees and family members are a significant part of the total rewards.

Healthcare, Wellness & Disability Protection for you and your Family

  • Comprehensive Medical, Prescription, Dental, and Vision Plans, choose the coverage that is right for you and your family
  • High deductible health plan option, with generous health savings account (HSA), employer contribution, ($500 individual; $1,000 employee +1 or more)
  • Company-paid employee life and accident insurance and options to purchase additional coverage for you and your family
  • An award-winning Wellness Program provides up to $200 annually for employees and spouses to adopt and maintain healthy lifestyles
  • Health and Dependent care reimbursement accounts
  • Sick Time, Short-Term & Long-Term Disability Plans

Work/Life Balance Benefit Programs

  • Employee Assistance Program (EAP)
  • Multi-faceted Behavioral Health Program
  • Care@Work Program (child/elder care), membership/stipend for emergency services
  • Adoption Assistance (eligible employees)
  • Tuition Reimbursement, Student Loan Refinancing & Student Debt Counselling
  • Voluntary benefits platform to access discounted home & auto, identity protection and pet insurance
  • Charity donation gift matching
  • Volunteer hours at local charities with rewards to our Wellness Program
  • Generous time off
  • Business Resource Groups for social connection and career development

Retirement Benefits for a Secure Future

  • 401k: Up to 100% Employer Match on first 3% of employee's contributions
  • K-Vantage: Additional Employer Contribution to the 401k based on age and years of service (2.5% to 6.5%)
  • Med-Vantage HRA: Age 40+, receive annual $1,000 contribution to an HRA for post-employment qualified medical expenses

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