Austin Energy Energy Analyst (Revenue Requirement) in Austin, Texas
Posting Title Energy Analyst (Revenue Requirement)
Job Requisition Number AE503451
Position Number 113420
Job Type Full-Time
Division Name Finance
Graduation with a Bachelor’s degree from an accredited college or university in a field related to Accounting, Business, Finance, Mathematics, Engineering, or Economics, plus three (3) years of experience in utility, regulatory accounting, or rate and regulatory processes.
Graduation with a Master’s degree from an accredited college or university in Accounting or Business Administration may substitute for one (1) year of experience.
Licenses and Certifications Required:
Notes to Applicants
This position is for an electric-industry revenue requirement analyst who will, in support of rate changes, develop Austin Energy’s wholesale and retail revenue requirements, acquiring plant and expense information from Austin Energy’s books, records, and accounting systems, re-organizing the information from municipal accounting codes into the FERC’s uniform system of accounts. As needed, the analyst will implement adjustments to the cost study’s test-year information, including known and measurables, normalizations and annualizations. The analyst will master dependencies within the model of the cost study so that the attendant impacts of changes to the model can be accounted for accurately. The analyst will also learn and work with Austin Energy’s version of Utilities International’s electronic cost of service model, including updates to logic, filters, datasets, and reports.
For rate cases, the analyst will investigate common practice in accounting treatments and methodologies, ensure the revenue requirement is reasonable and conforms to accounting standards, work to become Austin Energy’s subject matter expert on revenue requirement issues, and analyze the regulatory actions of the City Council and the State of Texas for effects on revenue requirements. Outside base rates, the analyst will support rate initiatives representing cutting-edge industry trends such as vehicle electrification and distributed energy resources.
Please note that Austin Energy may close the job posting at any time after 7 days from the date of the initial advertisement. Once the job posting has closed, applications cannot be changed.
Monday – Friday (8:00 a.m. – 5:00 p.m.)
(Flexible schedule options available, may change due to departmental needs)
Job Close Date 01/04/2024
Type of Posting External
Department Austin Energy
Grant Funded or Pooled Position Not Applicable
Location 4815 Mueller Blvd, Austin Texas 78723
Experience with GAAP , FERC , and cost accounting.
Experience acquiring data from multiple different accounting systems.
Experience developing cost studies for a utility.
Experience with automated cost-of-service software systems and specifically with Utilities International’s system (UI Planner).
Experience performing in-depth analysis to seek primary or root causes.
Duties, Functions and Responsibilities
Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.
Plans, develops, and presents rate filings for regulated and unregulated energy services.
Models the impact of current or proposed rate strategies on the electric utility’s financial viability including its revenues, cost structure, net margin, liquidity, and debt/equity position.
Conducts financial and economic analysis. Analyzes and monitors sales and revenue data on a monthly basis for each jurisdiction and customer class.
Develops models for revenue requirement and cost of service studies, recovery mechanisms, and rate design.
Develops forecasts including sales, billing determinants, and revenues using statistical and end-use modeling techniques.
Prepares and provides information on market trends, fundamental economic factors, and regulatory filings.
Develops regulatory policies, objectives, and strategies on pricing and cost of service subject matter.
Oversees and develops testimony, exhibits, and tariff changes filed with City Council and State regulatory commissions; provides analytical support; and negotiates and influences outcomes. Presents written and oral testimony as an expert witness in rate proceedings.
Represents the department in supporting initiatives and filings with regulators, key community and customer groups, and other departments. Responds to requests for information (RFIs), appeals, and public cases before the State regulatory authority and City Council.
Provides modeling and other analytical support to develop resource management strategies.
Prepares reports, testimony, and business presentations on the load forecast, highlighting the various drivers such as economic factors, weather, and energy efficiency programs.
Coordinates with metering operations on deployment of sampled customers and collection
Responsibilities- Supervision and/or Leadership Exercised:
May provide leadership, work assignments, evaluation, training, and guidance to others.
Knowledge, Skills and Abilities
Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
Knowledge of regulatory processes at the State, Federal, and Local level.
Knowledge of transmission revenue requirements, rate design, and rate filing requirements.
Knowledge of potential financial, capital budgeting, and operational impacts of transition to retail access for electric services.
Knowledge of municipal utility finance and accounting.
Knowledge of competitive business practices and analysis.
Knowledge of economic analysis and modeling principles, concepts, and techniques.
Knowledge of power system modeling, statistical modeling concepts, and techniques.
Knowledge of utility economics, as well as utility commission rules and regulations.
Skill in analyzing and monitoring sales and revenue data.
Skill in effective oral and/or written communication.
Skill in resolving problems or situations requiring the exercise of good judgement.
Skill in researching, generating, and analyzing financial and statistical reports.
Skill in using computers and related software applications.
Skill in performing quantitative analysis.
Ability to understand and implement performance-based measurements.
Ability to work independently.
Ability to testify in regulatory proceedings.
Ability to work with all organizational levels to influence actions and negotiate outcomes.
Criminal Background Investigation This position has been approved for a Criminal Background Investigation.
The City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.
The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual’s AIDS , AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.
Required fields are indicated with an asterisk (*).
- The minimum qualifications for the Energy Analyst position are: Graduation with a Bachelor's degree from an accredited college or university in a field related to Accounting, Business, Finance, Mathematics, Engineering, or Economics, plus three (3) years of experience in utility, regulatory accounting, or rate and regulatory processes. Graduation with a Master's degree from an accredited college or university in Accounting or Business Administration may substitute for one (1) year of experience. Do you meet these minimum qualifications?
- Explain your experience with GAAP, FERC, and Cost Accounting.
(Open Ended Question)
- Describe your experience with acquiring data from multpile different accounting systems. Also, list the accounting systems you have used to acquire data.
(Open Ended Question)
- Describe your experience with developing cost studies for a utility.
(Open Ended Question)
- Describe your experience with Utilities International, or similar automated cost-of-service software package(s).
(Open Ended Question)
- Do you have experience performing in-depth analysis to seek primary or root causes and if so, please explain.
(Open Ended Question)
- Due to the responsibilities, this position requires a financial Criminal Background Investigation (CBI). By selecting the following, you are acknowledging that you understand if you are selected as a top candidate for this position, you will need a successful Financial CBI to be hired.
I acknowledge and understand this position requires a Financial Criminal Background Investigation.
Optional & Required Documents
Contact City of Austin Employment Services
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