Eversource

Director, Revenue Requirements, Massachusetts (hybrid schedule)

Eversource$194K — $216K *
Energy & Utilities
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's in Accounting, Finance, Business Administration or related field; Master's preferred.
  • 12+ years of related experience, preferably with regulatory agency testimony.
  • Strong knowledge of finance, accounting, and utility regulation; familiarity with revenue requirements and rate making theory.
  • Excellent verbal and written communication skills; aptitude for drawing sound business conclusions.
  • Strategic thinker with a focus on innovation and the big picture.

Responsibilities

  • Direct the development of financial data for regulatory filings in Massachusetts.
  • Determine revenue requirements to ensure just rates of return for shareholders.
  • Coordinate and approve all testimonies and briefs regarding filings.
  • Testify before Massachusetts regulatory bodies on relevant financial matters.
  • Oversee financial impacts of regulatory developments and interpret them for internal stakeholders.

Benefits

  • Hybrid work policy promoting work-life balance with a minimum of three days in-office work.
  • Opportunities for professional development and staff monitoring.
  • Potential for emergency assignments during adverse conditions.
Full Job Description

Role and Scope of Position:
Lead the Company’s distribution regulatory strategies to ensure full recovery and protect against loss for the operating companies located in Massachusetts. Develop a strategic approach that ensures a fair financial balance among the interests of regulators, customers and shareholders. Responsible for state regulatory activity affecting the financial requirements of the Massachusetts companies. Direct and lead a team dedicated to distribution and other retail rate recovery mechanisms.

HYBRID WORK POLICY

Eversource supports work-life balance by offering hybrid schedules for certain roles. Eligibility is based on job responsibilities, operational needs, nature of work and team dynamics. Current guidelines require employees to workat least three days in the office, includingTuesdays and Wednesdays, with the third day set by the employee and supervisor based on department needs. These guidelines apply to roles approved for remote work and are subject to change,based on managerial discretion and work performance. All applicants must be able to workup to five days in the office if needed (for example: emergencies, training, or other business needs) or should the policy change.

Essential Functions:

  • Directs the development of financial and accounting data required for Massachusetts regulatory tracker filings, base rate cases and associated filings.
  • Determines a level of revenue requirements that supports just and reasonable rates 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 Massachusetts regulatory body 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 Massachusetts 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 Massachusetts 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, financial analyses and other ad hoc analyses.
  • Leads Company teams working with Massachusetts agencies and government bodies to achieve settlement agreements and legislation regarding Eversource rate proposals.
  • Effectively develops and monitors staff.

Technical Knowledge/Skill/Education/Licenses/Certifications:

Technical Knowledge/Skill:

  • 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

Education:

Bachelors in Accounting, Finance, Business Administration, related field or equivalent experience; Masters preferred

Experience:

Minimum of twelve (12) years related experience prior experience testifying before regulatory agencies preferred

Licenses & Certifications:

CPA or industry-specific designation(s) desirable, but not required.

Working Conditions: Work is performed primarily in an office environment which requires sitting, standing and climbing stairs. Must be available to work emergency storm assignment as required. Must be available to travel between MA/CT/NH as necessary.

Mental Aspects: Work includes analyzing, consulting, designing, implementing, presenting, leading, and coordinating. This role works in an environment that often requires the performance of multiple simultaneous activities, where deadlines need to be met and work is performed under pressure while involving significant business commitments and results.

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#LI-ES3

Competencies:

Build trusting relationships

Manage and develop people

Foster teamwork and cross-functional collaboration

Lead change

Communicate strategic vision

Create an engaged workforce

Focus on the customer

Take ownership & accountability

Compensation and Benefits:

Eversource offers a competitive total rewards program.Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is:

$194,550.00-$216,170.00

Worker Type:

Regular

Number of Openings:

1

Emergency Response:

Responding to emergency situations to meet customers needs is part of every employees 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.


About Eversource

Eversource transmits and delivers electricity and natural gas for more than 3.6 million electric and natural gas customers. Before its rebranding, the company operated six main subsidiaries: Connecticut Light and Power (CL&P), Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO), Yankee Gas Services Company (Yankee Gas), NSTAR Electric, and NSTAR Gas. NSTAR itself was the product of corporate mergers and included the former Boston Edison Company, Cambridge Electric Light Company, Commonwealth Electric Company, Commonwealth Gas, and Cambridge Gas Company. All now currently operate under the Eversource name. Eversource remains Connecticut's largest electric utility, serving more than 1.2 million residential, municipal, commercial and industrial customers in approximately 149 cities and towns. It also serves approximately 229,000 natural gas customers in 73 cities and towns. Eversource is also New Hampshire's largest electric utility, serving more than 500,000 homes and businesses in 211 cities and towns throughout the state. Eversource Energy is a publicly-traded, Fortune 500 energy company headquartered in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service, and water service to approximately 4 million[6] customers in Connecticut, Massachusetts, and New Hampshire.

Eversource Careers

Joining Eversource means becoming part of a dedicated team committed to safety, reliability, and innovation in energy. As a leading energy provider in the Northeast, Eversource offers unparalleled job opportunities, fostering a culture of leadership and growth in the industry.

Work You’ll Do

At Eversource, every position contributes to the company's mission of delivering reliable energy and superior customer service. Our team enjoys a dynamic work environment where professional growth and development are encouraged. With a variety of career paths available, Eversource is a place where your ambition drives your career forward, and where leadership and diversity training ensure you reach your potential.

Innovate and Lead

Eversource is at the forefront of the energy sector’s transformation, integrating innovative technologies and sustainable practices that benefit not only our customers but also our communities. By joining our team, you will collaborate with skilled professionals dedicated to pioneering solutions for a sustainable future.

Career Development

Eversource is committed to the professional development of its employees. Whether through leadership programs, skills training, or networking opportunities, we provide the tools needed for career advancement and personal growth. Our robust internship programs offer a gateway to full-time employment, giving hands-on experience and exposure to real-world challenges.

Be Part of Our Team

Our team at Eversource is driven by a shared commitment to excellence and teamwork. We value diversity and strive to create an inclusive environment where all team members can thrive. The benefits at Eversource go beyond the standard employment package; they empower our employees’ well-being and long-term financial security.

Explore Job Opportunities

Whether you’re starting your career or looking to make a significant impact in the energy sector, Eversource has a position for you. From engineering to customer service, our job opportunities span a wide range of skills and expertise. Ready to start your journey with us? Explore open positions, prepare your resume, and apply through our hiring portal.

Stay Connected

Stay informed about new openings and company news by joining our career network. Tailor your job alerts to match your career preferences and get insider tips that can help you during the interview process. At Eversource, your next big opportunity is just around the corner.

Join Eversource Today

Discover the career you’ve always wanted. Visit our Jobs and Careers page to search for current openings, read about our company culture, and learn how Eversource supports your professional growth and leadership development. Let’s energize the future together!

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Learn more about Eversource
Size
9,227 employees
Market Cap
$29.2 billion
Industry
Net Income
$1.2 billion
Founded
1927
5 Year Trend
+5.4%
Revenue
$8.9 billion
NASDAQ

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