Regulatory Affairs Manager

Black Hills Energy

• $116K — $192K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Engineering, Business, Accounting, Finance, or Economics, or equivalent experience
  • 5+ years in finance, accounting, regulatory, or related fields
  • Understanding of utility operations and regulatory processes
  • Strong analytical skills with knowledge of financial statements
  • Ability to develop project schedules and perform ROI calculations

Responsibilities

  • Lead regulatory and financial processes for assigned jurisdictions
  • Develop and maintain financial plans for variance analysis
  • Drive improvements in financial reporting, forecasting, and budgeting
  • Supervise regulatory filings for accuracy and timeliness
  • Testify before regulatory commissions as an expert
  • Research and analyze impacts of legislation on the company
  • Manage staffing and performance appraisals for the team

Benefits

  • Annual discretionary bonuses
  • 401(k) with 6% company match and up to 9% retirement contribution
  • Tuition reimbursement
  • Generous paid time off, including holidays and parental leave
  • Company-paid life and disability insurance
  • Critical illness and accident insurance
  • Pet insurance and employee assistance program
  • Comprehensive medical, dental, and vision insurance
Full Job Description
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Job DescriptionJob Specifications

Position Summary:

Lead all aspects of the regulatory and financial process for assigned jurisdictions. Handle the development of regulatory policies and initiatives supporting business strategies, including the development and filing of rate case applications. Lead the preparation, presentation, and reporting of information for internal decision-making and filings with the appropriate Commissions. Serve as a key financial and regulatory business partner to state leadership and functional areas across Black Hills Energy. Lead the development, analysis, and interpretation of financial forecasts, including budgets and strategic plans. Direct variance analyses against budget and prior years.

Pay Range: $116,500 - $192,400 (This posting includes the full pay range for this position. Pay is based on a number of factors and may vary depending on job-related knowledge, skills, experience, and internal equity.)

Reporting Relationship: Director of Regulatory

Location: Grimes, Iowa

Relocation Assistance: Relocation assistance is available based on individual circumstances! Details to be shared during the offer process.

Essential Functions:
• Develop and maintain financial plan which can be used as a basis for variance analysis against actuals.
• Evaluate accuracy of forecast vs. actual results and refine process to point that it serves as an instrument of financial control in the close process and guides support business decisions.
• Drive continuous improvement of financial analysis, reporting, forecasting, budgeting, and planning; Supervise regulatory filings to ensure accurate and timely completion.
• Lead and develop ability to analyze data and interpret underlying business drivers of monthly operating results.
• Perform due diligence procedures primarily related to accounting and financial reporting systems; provide information and support SEC and Regulatory filings.
• Establish and maintain effective internal controls; Support efforts to respond to customer service issues to the commissions.
• Exercise management authority concerning staffing, development, performance appraisals, promotions, salary recommendations and terminations in accordance with the company policies and laws.
• Manage, create and implement regulatory filings for assigned jurisdiction(s), including rate case applications; Lead development and regulatory policies and initiatives that support the Company.
• Maintain full understanding of regulatory outcomes and requirements; Monitor, review and analyze federal and state regulatory requirements and industry issues for gas operations and keep department leadership and operations apprised of findings.
• Testify before regulatory commissions as an expert in support of filings; partner with operations to strategize, prepare, and analyze strategic plan, budget, forecasts, and reports.
• Research and communicate interpretation of legislation, rates, rules, and terms and conditions of service; analyze impacts of proposed legislation and regulations that impact the Company.

What Is Required:
• Bachelor's Degree relevant field, such as Engineering, Business, Accounting, Finance or Economics or equivalent combination of education and experience
• 5 or more years Finance, accounting, regulatory or a related field

What Is Desired:
• Understanding of utility operations and regulatory/ratemaking processes and their accuracy within forecasts; Knowledge of accounting and financial concepts including internal controls.
• Strong problem solving and analytical skills, with in-depth knowledge of financial statements and how they drive business.
• Understanding of utility regulatory process and rate analysis for gas and electric utility service as well as the impact of regulatory outcomes to business success including the rate making model.
• Ability to develop and maintain project schedules. In-depth knowledge of return on investment calculations and cost of capital calculations.
• Knowledge of basic negotiations, advocacy and conflict management; Strong quantitative and analytical skills, and the ability to perform detailed analysis.
• Outstanding interpersonal, verbal, written, and presentation skills; Ability to work in a team environment, with minimal direction.
• Strong enterprise leadership skills, as this position requires the individual to delegate, supervise, and review assignments, as well as mentor staff to higher levels of performance.
• Ability to build consensus and effectively engage with and influence internal and external decision-makers.
• Ability to understand and exercise excellent judgment in complex interrelated business issues.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.

Enjoy our Comprehensive Benefits Package! Annual discretionary bonuses, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, generous paid time off benefits, including paid holidays and parental leave, company paid life insurance and disability benefits (short and long term), critical illness, accident & group hospital insurance, pet insurance, an employee assistance program and well-being benefits, and competitive medical, dental and vision insurance.

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