City of Tacoma WA Rates and Financial Planning Manager in Tacoma, Washington

Position Description

Tacoma Power's Rates, Planning, and Analysis (RPA) team is looking for a Rates and Financial Planning Manager to lead and direct Tacoma Power's Rates and Financial Planning functions. You will manage an exceptional team of power analysts and utilities economists.

We are seeking a leader who is focused on employee success and professional development. This is a cornerstone of our RPA team culture.

Tacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma. We serve approximately 170,000 customers as one of the three operating divisions of Tacoma Public Utilities, alongside Tacoma Water and Tacoma Rail. As one of the most livable, walkable cities in the country, you'll find that Tacoma is a great fit for all interests with places to bike, run, hike, and explore, the perks of a big city, and the charm of a small town.

"Community Value First" is Tacoma Power's strategic principle. We consider our decisions and prioritize resources and programs based on the impact to our customers and community.

Tacoma Power's RPA team is led by Bill Berry. RPA focuses on serving the operational sections of Tacoma Power through performance measures, innovative practices, and tools. At all times, we're working to sustain Tacoma Power's financial strength by enabling integrated and informed decision-making.

As the Rates and Financial Planning Manager, you will oversee the cost of service and rate design recommendations for Tacoma Power's retail rates and pricing, producing system area loads and sales projections. You will also handle financial modeling and planning to ensure the long-range health of Tacoma Power. The position plays a leadership role in the financial activities of Tacoma Power, such as Tacoma Power's bond issuance, communication with credit rating agencies and financial firms, and financial reporting for senior management. You will oversee analytical support services to make recommendations on a variety of budget and financial issues, policies, goals and objectives.

Responsibilities:

  • Financial planning and modeling includes detailed input and scenario projection capability for all revenue and expense line items including retail revenue, wholesale sales revenues, telecom revenues, BPA expense, other purchased power, O&M;, personnel and capital spending;
  • Oversee structuring and issuance of Tacoma Power Bonds, including financial analysis, underwriter selection, development of the official statement and other financing documents, rating agency presentations and communications, as well as Board and Council presentations;
  • Manage, develop and evaluate Tacoma Power's rates and pricing strategies including coordinating the public rate case process. This effort also involves participation in public outreach efforts. Direct and coordinate requests for retail rate and pricing related analysis and information;
  • Direct and coordinate the efforts of professional economists and power analysts to ensure timely, high quality work products are produced from the Rates and Financial Planning Group for internal and external clients;
  • Oversee short and long range load forecast studies and produce system area loads and sales projections;
  • Coordinate and provide economic and financial analysis assistance for senior management and other internal and external clients on a varying array of electric utility topics;
  • Hire, supervise, evaluate and develop staff; maintain a supportive, positive, challenging and productive work environment.

THE COMMUNITY _Tacoma is a mid-sized urban port city that sits along the Puget Sound with a population of nearly 210,000. The third largest city in the state of Washington, it is a diverse, progressive international gateway to the Pacific Rim.

Propelled by significant development such as the University of Washington Tacoma, the Tacoma Link light rail system, the restored urban waterfront of the Thea Foss Waterway, the expansions of both the MultiCare and Franciscan health systems, and a significant influx of foreign direct investment in its downtown core, Tacoma has evolved considerably since the 1990s.

Tacoma boasts the state's highest density of art and history museums, and is home to a flourishing creative community of writers, artists, musicians, photographers, filmmakers, chefs, entrepreneurs, and small business owners who each add their unique flair to the city's vibrant commercial landscape. The iconic Tacoma Dome has endured as a high-demand venue for some of the largest names in the entertainment industry.

A magnet for families looking for affordable housing options in the Puget Sound area, Tacoma also draws those who prefer to live in a more urban downtown setting with competitively priced condos and apartments that feature panoramic mountain and water views.

Tacoma's natural beauty and proximity to the Puget Sound and Mount Rainier draws hikers, runners, bicyclists, and maritime enthusiasts to the area. Its lively social scene is infused with energy by thousands of students attending the University of Washington Tacoma, the University of Puget Sound, the Evergreen State College Tacoma campus, and Tacoma Community College, as well as a number of local trade and technical colleges. Its prime location – just 20 minutes south of the Seattle-Tacoma International Airport, 30 miles north of the state capital in Olympia, and within 10 miles of the U.S. Department of Defense's premier military installation on the West Coast – only adds to Tacoma's desirability. To see a few of the great things Tacoma has to offer, view this YouTube Video!_

City of Tacoma Recruitment One of the primary goals of the Equity and Empowerment Initiative is for the City of Tacoma workforce to reflect the community it serves. We actively work to eliminate racial and other disparities and welcome candidates with diverse backgrounds and/or multicultural skill sets and experiences. Our goal is for Tacoma to be an inclusive and equitable place to live, work, and play. Qualifications

  • 10+ years in financial analysis, ratemaking, and pricing for an electric utility;
  • 5+ years leading and directing the rates and financial planning activities of an electric utility;
  • 5+ years leading, directing and developing staff;
  • Bachelor's degree in business management, finance, statistical field or related field, Master's Degree preferred.

Selection Process & Supplemental Information

Interested individuals should apply online and attach a detailed resume and cover letter describing your responsibilities as it relates to the responsibilities of this position.

If you have any questions about this position please contact Rodney Croston at rcroston@cityoftacoma.org.

Salary: $162,905.59 - $208,811.20 Annually

Location: Tacoma, WA

Job Type: Non-Classified

Department: Power

Job Number: 0817-18A

Agency: City of Tacoma

Address: Human Resources Department 747 Market Street Tacoma, Washington, 98402-3764

Phone: 253-591-5400

Website: http://www.cityoftacoma.org