POSTING DEADLINE
This position is posted until filled.
DEPARTMENT
Department: Strategic market and Product Management
JOB DESCRIPTION
Sr Pricing Analyst
Salary Grade: G06
Minimum Midpoint Maximum
$82,463 - $111,325 - $140,187
SUMMARY:
Under minimal supervision, applies a thorough knowledge and understanding of ratemaking economics, business, and regulatory practices to support market strategies, segment business plans, and company regulatory strategies. Develops pricing strategies and philosophies as well as complex pricing and costing models necessary to implement strategies. Provides complex, specialized, technical, and analytical support to the case management and technical rate services functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Establishes regulatory filing objectives and coordinates the efforts of a task group to successfully meet the established objectives, including market segment plans
Develops and prepares economic and cost of service schedules and tariffs to meet company revenue needs and comply with regulatory requirements
Researches and analyzes company records, financial data and operating statistics used for and regulatory reports, rate increase filings and tariff structures
Compiles and maintains rate, revenue load and customer data to assess the effectiveness of current tariff schedules and rules: develop proposals to change organization's existing rates and rules
Researches and evaluates options, industry standards and trends
Submits expert testimony, when required, regarding rate design, pricing, unbundling and other analysis to support market and regulatory strategies
Works with the New Mexico Public Service Commission and Federal Energy Regulatory Commission Staffs, attorneys, and personnel in all areas of the Company to accomplish regulatory objectives
Prepares, reviews, and coordinates testimony, exhibits, and related studies included in the case filing, including interrogatory responses to ensure accuracy, consistency, and clarity
Assists in the development of expert testimony, when required, regarding rate design, pricing, unbundling and other analyses to support market and regulatory strategies
Develops, implements, maintains, and utilizes department regulatory compliance system
Communicates regulatory compliance filing requirements to appropriate areas of the Company and gains cooperation from those areas to meet the requirements
Coordinates the production of complex financial and technical data and interprets the results for management
Uses knowledge of finance, accounting, economics, business, and regulatory principles to evaluate issues and develop policy proposals and strategies
Prepares and reviews marginal and embedded cost analyses, pricing of bundled and unbundled services, demand-side management cost-effectiveness studies and regulatory strategy and case development
Identifies problems and issues, analyzes them, and develops solutions or Company actions to address them
COMPETENCIES:
Strong knowledge of integrated resources planning, demand side management strategies, incentive rate design, and cost-effectiveness testimony.
Strong knowledge of the marketing discipline
Strong understanding of regulatory procedures, pricing theory, regulated ratemaking techniques, and negotiating skills
In-depth knowledge of electric utility and gas industry process, organization, financial structure and economic requirements
Strong working knowledge of accounting, economics and business finance
In-depth knowledge of the filing requirements and appropriate procedures for both the New Mexico and Federal jurisdictions
Strong Leadership skills and the ability to accomplish goals through the actions of a team
Ability to identify potential regulatory issues or problems and form sound recommendations
Ability to coordinate the efforts of a task force
Strong knowledge of tariffs and rules and regulations
QUALIFICATIONS
MINIMUM EDUCATION AND/OR EXPERIENCE:
Bachelor's degree from four-year college or university in accounting, finance, economics, statistics, or related fields with six to seven years related experience, or equivalent combination of education and/or experience related to the discipline.
Master's degree in business is preferred.
COMMUNICATION SKILLS:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, complex correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
Ability to respond effectively to highly sensitive inquiries or complaints
Ability to effectively give persuasive speeches and presentations on controversial or complex topics to various audiences
Ability to speak clearly and persuasively in positive or negative situations
MATHEMATICAL SKILLS:
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
COMPUTER SKILLS:
Ability to develop and/or maintain pricing/rate design computer models
In-depth knowledge and experience using personal computers and selected software ( electronic spreadsheets, word processing)
Solid working knowledge of database management and analysis systems
ANALYSIS AND PROBLEM-SOLVING ABILITY:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
PHYSICAL DEMANDS:
While performing the duties of this job, the employee is regularly required to walk and/or stand up to 1/3 of the time and sit up to 2/3 of the time. Manual dexterity required, good vision, and the ability to talk and listen. The employee must occasionally lift and/or move up to 10 pounds.
WORK ENVIRONMENT:
Office environment.
JOB DESCRIPTION
Pricing Analyst I
Salary Grade: G07
Minimum Midpoint Maximum
$73,060 - $96,804 - $120,548
SUMMARY:
Under general supervision, applies the knowledge and understanding of ratemaking economics, business, and regulatory practices to support market strategies, segment business plans, and company regulatory strategies. Develops pricing strategies and philosophies as well as complex pricing and costing models necessary to implement strategies. Provides specialized, technical and analytical support to the case management and technical rate services functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Develops and prepares economic and cost of service schedules and tariffs to meet company revenue needs and comply with regulatory requirements.
Prepares such portions of filings as testimony, cost of service data, rate design analysis, and compliance requirements
Prepares, reviews and coordinates testimony, exhibits, and related studies included in the case filing
Researches and analyzes company records, financial data and operating statistics used for and regulatory reports, rate increase filings and tariff structures
Compiles and maintains rate, revenue load and customer data to assess the effectiveness of current tariff schedules and rules: develop proposals to change organization's existing rates and rules
Prepares marginal and embedded cost analyses, pricing of bundled and unbundled services, demand-side management cost-effectiveness studies, and regulatory strategy and case development
Utilizes knowledge of accounting, economics, business, and the regulatory environment in preparation of a wide variety of assignments
Effectively communicates with the New Mexico Public Service Commission and Federal Energy Regulatory Commission, staffs, attorneys, consultants and Company personnel, including top management
Provides input to models and forecasts used for corporate planning
Prepares and reviews testimony and interrogatory responses to ensure accuracy, consistency, and clarity
Researches and evaluates options, industry standards and trends
COMPETENCIES:
Knowledge of integrated resources planning, demand side management strategies, incentive rate design, and cost-effectiveness testimony
Knowledge of the marketing discipline
Thorough understanding of regulatory procedures, pricing theory, regulated ratemaking techniques and negotiating skills
Knowledge of electric and gas utility industry process, organization, financial structure and economic requirements
Strong working knowledge of accounting, economics, and business finance
In-depth knowledge of the filing requirements and appropriate procedures for both the New Mexico and Federal jurisdictions
Leadership skills and the ability to accomplish goals through the actions of a team
Ability to coordinate the efforts of a task force
Knowledge of tariffs and rules and regulations
Ability to assist in compiling financial data
QUALIFICATIONS
MINIMUM EDUCATION AND/OR EXPERIENCE:
Bachelor's degree from four-year college or university in accounting, finance, economics, engineering, statistics, or related fields with five to six years of related experience, or equivalent combination of education and/or experience related to the discipline.
COMMUNICATION SKILLS:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, and procedure manuals
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
MATHEMATICAL SKILLS:
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
COMPUTER SKILLS:
Ability to develop and/or maintain pricing/rate design computer models
Good understanding of personal computers and selected software (electronic spreadsheets, word processing)
Solid working knowledge of database management and analysis systems
ANALYSIS AND PROBLEM-SOLVING ABILITY:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
PHYSICAL DEMANDS:
While performing the duties of this job, the employee is regularly required to walk and/or stand up to 1/3 of the time and sit up to 2/3 of the time. Manual dexterity required, good vision, and the ability to talk and listen. The employee must occasionally lift and/or move up to 10 pounds.
WORK ENVIRONMENT:
Office environment.
