senior advisor

2 months ago

Concord, New Hampshire, United States The NEW HAMPSHIRE PUBLIC UTILITIES COMMISSION Full time

The State of New Hampshire, Public Utilities Commission has a full-time vacancy for Senior Advisor (Financial Analyst). Full-Time | Hybrid Possible

Summary:

The Senior Advisor reports to the Chairman and advises the Commissioners on critical utility issues. The Senior Advisor is responsible for analyzing the impact of changes to utility rates on the welfare of the state's citizens and the financial health of the regulated utility. This analysis requires a deep understanding of utility financial structure and programs and the implications in the short, medium, and long-term. The reliability and cost effectiveness of water, gas, and electric utility service are critical PUC responsibilities.Strong analytical accounting, financial analysis, deductive reasoning, and problem-solving skills are required. The applicant must be a good team player and able to work independently.

Responsibilities:

Serve as one of the utility experts advising the Commission, which has jurisdiction over $3.3 billion in NH utility spending. In addition to the aforementioned responsibilities, specific day-to-day duties in this position include:

  • Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  • Supervise auditing of establishments and determine scope of investigation required.
  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
  • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
  • Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
  • Conducting the following types of analysis: Capital Investment, O&M expense, examining physical infrastructure assets, assets conditions, Cost and Cost-control, Asset-Based valuation, O&M recurrent expense schedule, and Ancillary loading factors.
  • Advising commission on utility financial matters.
  • Preparing financial documents, reports, or budgets.
  • Advising the Commission on technical matters, especially rate setting.
  • Preparing briefing material related to docketed and non-docketed matters.
  • Analyzing the impact of Commission orders on ratepayers, utility shareholders, and the general welfare of the state.
  • Researching and performing analysis of specific utility issues, regulatory reform, stability of utility systems, and long-term planning around the supply of electricity, gas, and water.
  • Staying abreast of the impact of policies, regulatory requirements, wholesale market trends, industry standards, technologies, demand response initiatives, energy efficiency programs, and other developments on customer energy use. Disclaimer Statement: The supplemental job description lists the essential functions of the position and is not intended to include every job duty and responsibility specific to the position. An employee may be required to perform other related duties not listed on the supplemental job description provided that such duties are characteristic of that classification. YOUR EXPERIENCE COUNTS - Under a recent change to the rules, an applicant's relevant experience now counts towards formal education degrees referenced below See Per Months of additional relevant experience = Associate's degree 36 Months of additional relevant experience = Bachelor's degree 54 Months of additional relevant experience = Master's degree Minimum Qualifications:

    Education: A bachelor's degree from a recognized college or university with a major in Finance, Accounting, Business, or Utility Economics.

    Experience: Four years of utility industry relevant technical or finance experience desired.

    License/Certification: A licensed certified public accountant (CPA) in New Hampshire. Certified Internal Auditor (CIA) or Certified Financial Analyst (CFA) is desired.

    Preferred Qualifications:

    A master's degree or PhD from a recognized college or university with a major in Finance, Accounting, Business, or Utility Economics.

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