Regulatory Finance Analyst

Department Overview

The Revenue Requirements and Cost Recovery department is an integral part of PG&E’s Finance organization. We play a pivotal role in financial analysis, financial modeling, and cost recovery. Our vision is to provide value-added financial insights and regulatory expertise to PG&E and our customers. Our team prepares forecasts, regulatory proposals, and testimony for timely recovery of approximately $20 billion in costs annually across multiple regulatory jurisdictions. We take pride in enabling informed decision making for our partners across PG&E through robust financial modeling and strategic analysis. Our team is also in a unique position to interface with CPUC and FERC staff, and other external stakeholders.

We are enthusiastic about creating a team culture with rewarding work experiences. We build and maintain trusted relationships in an exciting and demanding environment.

Position Summary

The Regulatory Finance Analyst will work in our Regulatory Finance and Cost Recovery group. You will assist in the development of critical analysis, validate forecast assumptions and recorded expenses, contribute to cost recovery proposals, and participate in process improvement initiatives. You should possess general analytical skills, be meticulous and have excellent oral and written communication skills, including the ability to present information in a clear and persuasive manner.

The role is hybrid working from your remote office and in-person at the Oakland General Office 1-2x per week or based on business needs to company requirements.

Job Responsibilities

• Assist in developing financial analytics and recommendations related to expense forecast and cost recovery for regulatory proceedings by collaborating with PG&E functional areas.

• Analyze spending profiles and cost categories to understand how various costs and trends impact financial results and future cost of service.

• Review and analyze third party testimony, regulatory proposals, pleadings, agreements, and decisions; participate in development of strategies to rebut testimony, help design of new proposals and performance of analyses for submittal in regulatory proceedings.
• Acts as a witness assistant including writing sections of testimony; developing work papers and exhibits; preparing technical content of less complex data responses; reviewing, analyzing, and summarizing third party testimony, regulatory proposals, pleadings, agreements, and decisions; and assisting in developing or revising proposals and analyses for submittal in regulatory proceedings.
• Assist in analysis to support critical workstreams including settlement negotiations, workshops, and external requests.
• Participate in the creation of financial control files and regulatory adjustments that support regulatory filings and revenue requirement calculations.
• Assist in the implementation, analysis, and development of the General Rate Case expense regulatory values in accordance with the CPUC decisions.
• Provide analytical support to key regulatory compliance filings.
• Participate in the development of effective presentation materials for leadership to make decisions or bring awareness to key issues. 

• Assists with the development and documentation of processes, guidelines, standards, and models. Participate in continuous improvement projects that include partnering with peers on process efficiencies and controls.
• Conducts research to provide historical context regarding regulatory issues or assists in providing such context for complex regulatory issues.
• Establishes cross-organizational relationships and assists in identifying interrelations and linkages of revenue requirements to previous/related regulatory decisions.

Qualifications 

Minimum:

• BS/BA degree in Business, Economics, Accounting, Engineering or related discipline or equivalent work experience
• One year of related work experience
• Proficient Excel, Word, and PowerPoint skills.
• Basic knowledge of case management procedures and processes

Desired:

• Basic understanding of PG&E’s business model to perform cost of service forecasting and analysis for rate case filings and management decision support.

• Basic knowledge of GAAP, SEC, and FERC requirements

• Basic understanding of Utility ratemaking
• Proficient verbal and written communication skills
• Proficient presentation skills to effectively convey key messages to audiences and public forums