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PSC DIRECTOR OF FINANCIAL ANALYSIS
The Public Service Commission (PSC) Director of Financial Analysis is responsible for overseeing capital recovery and cost of capital for all utilities-electric, gas, water and telephone for the Public Service Commission. This position is governed by state and federal laws and agency policy.
Class Code:
N043N
Job Grade:
GS14
Special Job Requirements:
None
Typical Functions:
Establishes, implements, and evaluates agency goals, objectives, policies, procedures, and short and long range plans. Serves as project manager on cross-sectional, multi-disciplinary teams. Provides training and direction to Financial Analysis Section experts regarding utility cost of capital, nuclear decommissioning, and capital recovery concepts and principles; analysis of mergers, acquisitions and financings; analyzes and interpretation of accounting, financial and economic information; identification and analysis of potential regulatory issues; evaluation of the relative merits of alternative courses of action; coordination of issue development within cross-sectional teams; development of written testimony, exhibits and reports; and the development of valid research and supporting documentation. Identifies policy implications and provides strategic and conceptual ratemaking perspective on major issues. Performs administrative duties by drafting or reviewing drafts of legislation and policy, preparing reports, and responding to requests for administrative information from state agencies. Responds to requests for information from the media, government officials, utilities, and the public. Supervises subordinates including interviewing, hiring, training, evaluating performance, and terminating personnel. Performs other duties as assigned.
Knowledge, Abilities, and Skills:
Knowledge of accounting, financial, statistical and economic principles, models, techniques and practices. Knowledge of theory and basis for utility regulation and ratemaking. Knowledge of cost of capital and capital recovery concepts and principles. Knowledge of laws, rules, regulations, and commission precedent related to utility industries. Knowledge of emerging accounting, financial, economic, technological, legislative, judicial and regulatory issues and trends affecting electric, gas, water and telephone utility industries. Knowledge of operations of electric, gas, water, and telephone utilities. Knowledge of research, analysis and investigatory techniques. Knowledge of supervisory practices and procedures. Ability to interpret and apply rules, laws, and policies affecting public utilities to specific situations. Ability to plan and coordinate work within the Financial Analysis Section and meet the objectives of cross-sectional, multi-disciplinary teams. Ability to provide leadership in setting agency goals and objectives. Ability to research policy issues and trends affecting public utilities, analyze their impact on utility rates and regulations, and propose new/revised policy.
Minimum Qualifications:
The formal education equivalent of a bachelor’s degree in accounting; plus five years of experience in analyzing utility industry accounting, financial, economic and operational information, including three years in a supervisory capacity. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Required Certificates:
None
Exempt:
E
