Director - Revenue Requirements

Iberdrola • $149K — $185K *
Portland, ME 04103In-Person
Energy & Utilities
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Economics, Finance, Business, Accounting, or related fields with 10+ years of relevant experience.
  • High-level analytical and financial accounting skills.
  • Exceptional critical thinking abilities to assess regulatory strategies.
  • Excellent decision-making, project management, and communication skills.
  • Proficient in MS Office Suite (Word, Excel, PowerPoint).

Responsibilities

  • Provide strategic guidance and formulate regulatory strategies to enhance regulatory earnings.
  • Prepare and defend annual transmission revenue requirement filings for ISO-NE operations.
  • Record monthly journal entries for transmission revenue requirements and analyze financial impacts for senior management.
  • Oversee the accurate billing for transmission services and communicate key developments to senior management.
  • Train and supervise employees in procedures related to transmission revenue requirements analysis and presentation.
  • Respond to FERC orders and support necessary filings for transmission cost recovery.

Benefits

  • Opportunities for professional development and training.
  • Collaborative work environment with diverse teams.
  • Exposure to high-level financial strategies and regulatory compliance processes.
  • Comprehensive understanding of the regulatory environment impacting transmission operations.
Full Job Description
Job Summary:

Responsible for management and development of analyses and business processes related to transmission revenue requirements, including FERC filings, journal entries, and transmission billing. In addition, this position requires the holder to formulate and assess various regulatory strategies that maintain or improve regulatory earnings that are consistent with existing State and federal regulatory policies and accounting principles. This position is critical to the financial health of the Corporation.

Key Responsibilities:
  • Provides strategic guidance and formulates regulatory strategies to positively impact regulatory earnings.
  • Prepares and defend annual transmission revenue requirement filings for Avangrid's transmission operations in ISO-NE. Populates settled formula rate template, responds to discovery requests, and assists in the resolution of challenges to said calculations. Liaises with internal and external stakeholders as needed regarding said filing.
  • Prepares and records monthly journal entries related to transmission revenue requirements. Provides Senior Management assessments, analyses and recommendations regarding current and future financial impacts related to transmission revenue requirements.
  • Oversee the transmission billing function for UI and CMP. Responsible for the timely and accurate production of customer bills, executing applicable agreements with new customers, and appraising Senior Management of key developments.
  • Provides functional supervision and training for employees throughout many operating areas at the Company in the analyses, preparation, presentation and litigation of the transmission Revenue Requirement.
  • Responsible for various other duties relevant to transmission revenue requirements, including responding to ad hoc FERC orders, supporting FERC filings necessary to facilitate recovery of transmission costs, submitting timely and accurate compliance filings, and providing budget guidance.


Required Qualifications:

Skills/Abilities:
  • Excellent decision making, project management, interpersonal and communications skills.
  • High-level analytical skills and organizational skills.
  • High-level financial accounting skills.
  • Exceptional ability for critical thinking.
  • Proficiency in MS Office Suite (Word, Excel, PowerPoint).


Education/Experience:
  • Bachelor's degree in Economics, Finance, Business, Accounting or other related fields of study and at least 10 years of related work experience required. An equivalent combination of education and experience may be considered.
  • Comprehensive understanding of the regulatory environment.


Preferred Qualifications:
  • Knowledge of OpCo business processes (preferred for internal).
  • Background in FERC ratemaking.


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Company:
AVANGRID SERVICE COMPANY

Mobility Information

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country.

About Iberdrola

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Joining Iberdrola presents a prime opportunity to be part of a global team of professionals dedicated to powering a sustainable future. As a leader in renewable energy, Iberdrola is at the forefront of driving innovation and growth in the energy sector.

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Employees at Iberdrola enjoy a comprehensive benefits package that supports their health, well-being, and financial security. The company's commitment to employee welfare is reflected in its competitive benefits offering, which complements its inclusive and supportive work environment.

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Iberdrola is committed to creating a workplace where diversity is celebrated and inclusion is the norm. The company's global team thrives on collaboration and respect, making it an ideal environment for professional networking and team building.

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Iberdrola is continuously searching for curious, creative, and solution-driven team players. Explore open positions that match your skills and interests on the Iberdrola Jobs portal. Each position offers the chance to make a significant impact in a leading company known for its commitment to innovation and sustainability.

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Learn more about Iberdrola
Size
39,569 employees
Industry
Energy & Utilities
NASDAQ
IBDRY
* Ladders Estimates

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