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Regulatory Financial Analyst
Non-Union Position
Rates/Regulatory 1; Portland, Oregon (US-OR)
Hybrid schedule available for Oregon & Washington residents.
Regular FT
Posting # 4851
About Us:
At NW Natural, we offer more than rewarding career opportunities and a vibrant, inclusive work culture. We invite you to join us in providing safe and reliable utility services and renewable energy to better the lives of the communities we serve. Our vision is to be the leader in service excellence, innovation and environmental stewardship for our customers, while building on our strengths as a trusted energy provider and environmental leader for our industry.
In addition to environmental stewardship, We’re also deeply committed to Diversity, Equity and Inclusion at NW Natural. Our DEI Council started 21 years ago, and today we continue to foster a culture where all employees can experience a sense of belonging, shared purpose and possibility.
The Role:
Develops regulatory reports capturing financial data and accounting details regarding rates and financial performance of the regulated operations of the company. Prepares purchased gas adjustment and technical rate adjustment filings. Analyzes data relevant to customer rates and costs for management review. Prepares rate and tariff filings for regulatory approval as needed. Acts as liaison between rates department and regulatory accounting functions within the Company. Responds to inquiries regarding rates, impacts of Company costs on customers, and a variety of technical issues related to regulation. Position requires self-motivation, hard work ethic and ability to learn regulatory accounting concepts.
Day to Day:
- Develops and maintains models and supporting analyses needed for regulatory accounting reports.
- Prepares Purchased Gas Adjustment filings, annual Results of Operations reports, and technical rate adjustment filings by updating financial spreadsheets and models.
- Ability to learn regulatory accounting and its impact on the Company by interpreting commission orders and working with the Accounting department to ensure regulatory compliance.
- Gain expertise on accounting processes for new or existing regulatory programs and mechanisms and serving as a resource to internal and external audit staff regarding any changes in regulatory accounting (including any related Sarbanes Oxley requirements).
- Provides review and guidance of certain accounting entries, and regulatory expertise relating to those entries.
- Reviews some regulatory accounting journal entries and analyzes the performance of regulatory mechanisms.
- Prepares and assembles various data, calculations, and charts needed for management review and decision making.
- Prepares financial portions of general rate case applications and prepares and reviews responses to discovery questions from Company regulators.
- Conducts research on various utility regulation topics and industry developments.
- Contributes to a team environment responsible for managing the Company’s relationship with and requirements of Public Utility Commission of Oregon, Washington Utilities and Transportation Commission and the Federal Energy Regulatory Commission.
- Builds and manages relationships with outside regulators, consumer advocacy groups and other intervening parties.
- Performs other duties as assigned by Manager.
- Ability to work a flexible schedule to accommodate peak periods.
- Supports Company’s commitment to a culture of safe work practices.
Come on your first day with:
- Bachelor’s degree and a minimum 2 years of related accounting or finance experience.
- Discipline or coursework and experience in accounting, finance, economics, or similar field required.
- Proven ability to quickly develop technical and economic characteristics of energy business.
- Engaging verbal communication skills and ability to interact with employees at all levels with tact and confidentiality.
- Compelling written communication skills including the preparation of documents, reports, and presentations for varied audiences.
- Skill in organizing multiple tasks and managing time effectively to meet deadlines and balance priorities.
- Must be comfortable with a team approach to large, complex projects.
- Proven ability to gain trust quickly and to maintain confidentiality and credibility with co-workers at all levels within the organization.
- Effective organizational skills with attention to detail.
- Self-motivated and able to work independently to accomplish personal responsibilities.
- Advanced computer skills including high level of proficiency with Excel spreadsheet and Word applications.
- Must have ability to work a flexible schedule to accommodate peak periods.
Further qualifications required for level 3:
- Experience in a regulated business environment with at least 5 years of experience in an accounting or finance related field.
- Advanced degree and/or CPA.
- Knowledge of technical and economic characteristics of energy business.
- Familiarity with economic regulation of public utilities, energy industry terminology, and utility tariffs and rate structures preferred.
- Proven ability to facilitate and coordinate projects.
- Experience managing complex projects across disciplines.
What we offer:
Health & Wellness –
- Rich health insurance benefits with competitive employer contribution
- Free access to an online wellness resources platform
Work Life Balance -
- Up to 23 Vacation Days
- 80 Hours of Sick Time
- 10 paid holidays and 3 floating holidays
- Flexible work arrangements
- 3 weeks paid parental leave
- Green Team / Diversity, Equity & Inclusion Council / Safety Team / Women’s Network and many other Employee Resource Groups
- 1500 sq foot exercise facility and secure bike room
Financial -
- Meaningful annual incentive bonus opportunity in addition to base salary
- Competitive 401K company contribution and match
- 15% discount on NW Natural stock through Employee Stock Purchase Program
- Up to $5250 a year in tuition reimbursement
- Wellness incentive program
Discounts -
- 20% off natural gas service
- Up to 30% discount at NW Natural Appliance Center
- TriMet Pass for all HQ employees
- Generous discounts with Verizon & AT&T Wireless
Base salary range: $70,700.00 - $97,000.00 (Level 2) or $93,100.00 - $132,650.00 (Level 3) per year, depending on qualifications
Annual Target Incentive: Level 2, 7.5% target
Level 3, 9.5% target
Targets are calculated using eligible earnings during plan year participation. Payout, if earned, is based on company and individual performance for each plan year and may range from 0% – 200% of target. Targets are subject to change in subsequent plan years. Must be employed by September 30 in order to receive any prorated payout.
Application Process: To be considered for this position, submit a complete electronic application including cover letter and resume via our website.
https://www.nwnatural.com/about-us/the-company/careers
Deadline: 8/6/2024
Disclosure: We are a drug free workplace and we comply with Federal Drug Free Workplace Act and Department of Transportation regulations.
All applications must be submitted through NW Natural’s Electronic Application System. Resumes submitted via email, fax or mail will not be accepted in lieu of an electronic application.
NW Natural is proud to be an equal opportunity employer. We welcome and embrace our candidates’ diversity and take affirmative action to employ and advance individuals without discrimination on the basis of race, color, sex, gender identity or expression, sexual orientation, religion, age, physical or mental disability, veteran status, pregnancy (including childbirth or related medical conditions), national origin, marital status, genetic information, and all other legally protected characteristics. We forbid discrimination and harassment in the workplace based on any protected status or characteristic. A criminal history is not an automatic bar to employment with NW Natural. Instead, we make individualized assessments regarding qualifications and backgrounds. NW Natural is also committed to providing reasonable accommodations for individuals with disabilities, individuals with sincerely held religious beliefs, and disabled veterans in our job application procedures. If you need assistance or an accommodation as part of the application process, please contact us at employment@nwnatural.com or (971) 979-6341.
NW Natural does not accept unsolicited submissions or assistance from search firms for posted positions. Resumes submitted by search firms working under a valid and current written contract with NW Natural valid written Statement of Work in place for this position from NW Natural HR/Employment will be deemed the sole property of NW Natural. No fee will be paid in the event the candidate is hired by NW Natural as a result of the referral or through other means.
Nearest Major Market: Portland Oregon