Sr Rate Analyst Newark, DE

Job Description
ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans Transitioning Military National Guard and Reserve Members Military Spouses Wounded Warriors and their Caregivers. If you have the required skill set education requirements and experience please click the submit button and follow the next steps.
Unless specifically stated otherwise this role is On-Site at the location detailed in the job post.


Exelon is leading the energy transformation and were calling all problem solvers innovators community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger healthier and more resilient.

Were powered by purpose-driven people like you who believe in being inclusive and creative and value safety innovation integrity and community service. We are a Fortune 200 company 19000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE) Baltimore Gas and Electric (BGE) Commonwealth Edison (ComEd) Delmarva Power & Light (DPL) PECO Energy Company (PECO) and Potomac Electric Power Company (Pepco).

In our relentless pursuit of excellence we elevate diverse voices fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work we provide competitive compensation incentives excellent benefits and the opportunity to build a rewarding career.

Are you in
Primary Purpose

PRIMARY PURPOSE OF POSITION

Obtains and compiles necessary internal data/information and assists in the preparation of distribution cost-of-service studies (financial modeling) for Delmarva Power a utility subsidiary of Exelon Corporation. Performs and reviews analyses related to distribution cost-of-service and the determination of the revenue requirement including the evaluation of impacts on the Company and its customers. Prepares information used in distribution rate related regulatory proceedings reports filed with regulatory bodies and external communications related to retail rate proposals including the preparation of distribution base rate cases and capital tracker filings to request rate recovery of investment from the state regulatory agency (Delaware Public Service Commission). Prepares written testimony in support of the related financial modeling for Company witnesses in distribution regulatory proceedings primarily in support of the revenue requirement and distribution cost-of-service.


Primary Duties

PRIMARY DUTIES AND ACCOUNTABILITIES

Prepares and assists with the preparation of regulatory filings (financial modeling) requesting distribution rate recovery for Delmarva Power. Prepares and submits informational filings containing financial and accounting data pursuant to formulae and related provisions in approved rules and regulations and the associated work papers supporting these determinations. (25%)
Collaborates in the development and preparation of distribution cost of service (financial modeling) studies. Performs specialized analyses within such studies for others use utilizing analytical and critical thinking skills. (20%)
Provides quality assurance and recommendations in the review/referencing of a wide variety of analyses and information produced by the department using critical thinking analytical skills accounting/financial expertise and attention to detail. (15%)
Performs strategic research and develops recommendations on a wide range of topics related to distribution utility regulation (10%).
Reviews new tariffs and revisions to existing tariffs for retail electric services including drafting tariff language. Responds to inquiries regarding the design and application of rates for the provision of retail electric services to organizations within the Company. (10%)
Prepares and reviews responses to data requests in distribution regulatory proceedings and required reports to regulatory bodies. (10%)
Assists other areas in the Company in developing procedures and communications related to new tariffs and revisions to existing tariffs. (10%).



JOB SCOPE

Direct supervisory responsibilities are minimal but include the provision of guidance and indirect oversight to colleagues related to the preparation and distribution of cost-of-service studies (financial modeling) and related addition supervisory responsibilities may occasionally include project leadership roles. Work leadership is necessary to provide peers guidance in the preparation and development of related financial modeling/analyses in the related review and evaluation and in providing counsel to others in interpreting and incorporating new changes. Work leadership is also provided through provision of quality assurance and quality control in review of peers work.
Requests for information or analyses are usually performed independently and are subject to review.
Contact with other business units and outside parties requires comprehensive written and oral communications initiative judgment and appropriate course of action. Tact persuasiveness and perseverance must be utilized.
This role works closely with various finance accounting and regulatory teams and additionally includes collaboration with tax operations government & external affairs and other groups throughout the Company.
Participation as the department representative on various cross-functional Company projects.
Work is somewhat diversified in nature but consists primarily of financial analysis using accounting data. Decision making authority is related to the completion of projects and assignments. Initiative and judgment are required in determining appropriate courses of action.
Work involves the use of computer word processing at an average proficiency level and the use of spreadsheet and database applications at an advanced proficiency level. The job scope requires significant use of Microsoft Excel Word and Powerpoint (listed in order of use).
Work involves utilizing Company enterprise resource systems to retrieve reports and analyze financial accounting and other quantitative data for use in financial modeling or in providing information.

Additional Qualifications/Responsibilities
Minimum Qualifications

MINIMUM QUALIFICATIONS
BA or BS degree and 4-8 years relevant experience with a minimum of 2-4 years in Company areas relating to finance regulatory activities or retail rate application OR in lieu of bachelors degree 6-9 years of relevant experience is required.
Proficiency in word processing spreadsheet and presentation programs
Strong analytical and detail orientation skills on a diverse range of subject matter
Strong written and oral communication skills
Ability to work independently and in team settings with minimal supervision

Preferred Qualifications

PREFERRED QUALIFICATIONS

Undergraduate and/or graduate degree in accounting finance business or related subjects.
CPA Holder or CPA candidate.
Experience in Utility Regulation (Revenue Requirements Rate Design) or Utility Accounting preferred.
Strong critical thinking and problem-solving abilities.
Exhibits strong initiative and a curious disposition.

Benefits


Annual salary will vary based on a candidates skills qualifications experience and other factors: $86400.00/Yr. $118800.00/Yr.
Annual Bonus for eligible positions: 15%
401(k) match and annual company contribution
Medical dental and vision insurance
Life and disability insurance
Generous paid time off options including vacation sick time floating and fixed holidays maternity leave and bonding/primary caregiver leave or parental leave
Employee Assistance Program and resources for mental and emotional support
Wellbeing programs such as tuition reimbursement adoption and surrogacy assistance and fitness reimbursement
Referral bonus program
And much more