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American Water Manager Rates and Regulatory State Support in Davenport, Iowa

Are you looking for a challenging new endeavor? Don't you want to join a Team that continuously makes a Difference? Wouldn't it be nice to have seemingly limitless growth potential in your career?

If you have Rates experience in a Utility, and answered Yes to these important questions, then look no further! American Water has exciting things on the horizon and we're looking for YOU. Apply today for immediate consideration!

Visit americanwaterbenefits.com for a full view of the tremendous offerings we provide our employees!

Primary Role

Accountable for developing, implementing and coordinating state rate and regulatory strategy for a specific state and/or group of states. Shapes, drives and influences the rate case process within the state(s). Supports regulatory initiatives in the form of required testimony, exhibits and interrogatories consistent with individual rate case requirements. Leads or co-leads (plans, efficiently project manages and executes) general rate cases, rate mechanism compliance filings, acquisition proceedings and other utility rate and regulatory filings, as required by law, regulation or commission order and consistent with the business plan for the state(s). Provides key expert witness testimony, exhibits, and responses to interrogatories as required in individual rate cases. Coordinates rate and regulatory activities, Ensures the accuracy of communications material related to rate and regulatory matters. Plays a lead role in business planning and ensures that rate case and mechanism timing and results. Collaborates with finance and accounting to ensure compliance with US GAAP and all regulatory and SOX. Shapes, drives and influences rate case strategy for the state operations team. Coordinates and leads state regulatory strategy in alignment and under the direction of the State President or general manager. Provides rate and regulatory advice and expertise on a pro-active basis to executives, senior managers and employees. Represents the state(s) in regulatory matters internally as well as before external regulators, legal bodies, legislators, and industry groups.Develops and maintains a recognized presence in the state and with regulators, staff and interveners. Assists in the formulation of corporate policies and procedures and compliance with such policies and procedures. As requested, assist in the financial modeling efforts to ensure regulatory strategies or approaches are properly reflected to assist with state business decision making. Ensures that each case is thoroughly and completely prepared. Prepares and reviews rate case support schedules, testimony and exhibits. Prepares and reviews response to interrogatories. Provides expert testimony (written and oral) on items of particular complexity or sensitivity. Manage and execute rate case settlements, public hearings and evidentiary hearings. Works with State President to achieve goals and business plan objectives. Develops and drives alternative rate mechanisms to be implemented within the state. Ensures timely and accurate filings on all regular or routing matters, e.g., DSIC, annual AIF, Tariff Updates, etc.

Key Accountabilities

  • Ensures compliance with US GAAP in accordance with the local rate making process.

  • Efficiently plan capital additions and operational changes consistent with the regulatory filings and the business plan.

  • Works with rate support to ensure new rates are incorporated in company software and appropriately monitored for bill accuracy.

  • Reconciles the Companies actual Return on Equity with that allowed in most recent rate case proceeding and provides recommendations to achieve authorized return.

  • Monitors the balance sheet to mitigate the impact of shareholder investments that are not receiving a return in the regulatory process and assists in Company strategy to minimize regulatory lag.

  • Project manages selected state rate cases and other regulatory filings with resources assigned from the rates support function:

  • Prepares limited schedules and reviews rate case support schedules, testimony and exhibits developed by rates support area.

  • Individually prepares certain interrogatory responses and reviews response to interrogatories prepared by rate support area for accuracy.

  • Contributes to effective communication by listening and providing constructive feedback, supporting the creation of an open and honest work environment, and cascading and sharing knowledge and information relevant to assigned rate support members.

Knowledge/Skills

  • Comprehensive and advanced knowledge of US GAAP, International

  • Accounting Standards, SOX and other regulatory (SEC, state utility regulatory bodies, etc.) requirements and practices.

  • Demonstrated experience in managing and coaching direct reports and establishing career development plans by identifying development goals, milestones and measures.

  • Excellent business understanding and personal credibility with business managers.

  • Comprehensive knowledge of analysis techniques to apply to new and unusual activities.

  • Advanced knowledge of corporate and utility accounting and reporting.

  • Implementation and management of Process Improvement and Best Practices Programs.

  • Development and management of on-going regulated and non-regulated compliance programs.

  • Assistance in the formulation of corporate policies and procedures and compliance with such policies and procedures.

Continued

  • Broad functional knowledge with advanced knowledge of financial and accounting systems and software, frameworks and functionality such as:

  • Microsoft Office products, spreadsheet software, SAP, Orcom, Hyperion or other ERP systems.

  • Utility industry as well as operational experience a plus.

  • Understanding of state specific political and economic factors. Seasoned experience in rate case testimony. Experienced in working with stakeholders, including PSC, consumer advocate, legislative, municipal and others, preparing written testimony and delivering oral testimony on complex and controversial issues.

Education/Experience

  • Bachelor’s Degree in Accounting or Finance or related field. Other technical fields such as engineering acceptable.

  • MBA or Masters in Accounting or Finance helpful

  • 5 to 8 years prior accounting related job experience required, including experience with full cycle accounting processes.

  • Engineering experience in operation roles could serve as a substitute.

  • 5 to 8 years prior experience in the utility industry and/or a shared service or multi-company corporation.

  • 5+ years supervisory experience or equivalent required.

  • Demonstrated experience in identifying process improvement opportunities and engaging in implementing improvements.

  • Demonstrated experience in analyzing customer needs through soliciting, evaluating and acting upon customer feedback.

  • Demonstrated experience in managing and coaching direct reports and establishing career development plans by identifying development goals, milestones and measures.

  • 5+ years regulatory experience and will have taken a lead role in a number of rate cases.

  • CPA, CMA, or other technical license preferred

Travel Requirements

20-40%

Competencies

Champions safety

Collaborates

Cultivates innovation

Customer obsessed

Drives Results

Nimble learning

  • Join American Water...We Keep Life Flowing*™

  • American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants* based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because he or she is an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

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