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Revenue Requirements Analyst Sr.

PNM Resources

Location: Albuquerque, NM US
Position Type:
Rqd Education:
Rqd Experience: 2 - 5 years
Date Posted: January 3, 2023
Reference Code: 6087931
POSTING DEADLINE
This position is posted until filled.

DEPARTMENT
Department: Cost of Service

PREFERENCES
Preferred Experience
3 Years in Utility/Accounting related work

JOB DESCRIPTION
Revenue Requirements Analyst Sr.
Salary Grade: G06
Minimum Midpoint Maximum
$74,796 - $100,975 - $127,152

SUMMARY:

Under minimal supervision, prepares revenue requirements and class cost of service studies to examine changes in rates and charges to support the costs of operating electric operations, the analysis of changes in demand for services, and the preparation of long-range revenue and expenditure forecasts including review of capital plans and debt service requirements. Provides input to senior management for key strategy and policy decisions in regulatory environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Assists in the preparation of class cost of service/revenue requirements studies for the different jurisdictions of the company
  • Analyzes effects of government actions, regulations, and legislation and makes recommendations for dealing with changes
  • Acts as functional lead to coordinate different technical areas both internal and external to the company to gather information on projects and costs that affect revenue requirements
  • Prepares utility rate of return and other required financial metrics and ratios

COMPETENCIES:
  • Extensive knowledge of accounting principles (GAAP), and regulatory ratemaking, and financial statements
  • Extensive knowledge of cost analysis and cost accounting principles and their application to utility rate development
  • Ability to prepare, review and complete compliance filings (i.e. SEC, regulatory)
  • Knowledge of principles, concepts, and current practices used in the design of rates charged for different classes of customers
  • Ability to conduct economic, policy, and financial analysis
  • Ability to gather data and synthesize information in a cohesive manner, to analyze situations, and to recommend effective courses of action
  • Ability to handle multiple assignments with accuracy, to prioritize workload, meet deadlines, and to work independently
  • Ability to establish and maintain cooperative and positive working relationships with others

QUALIFICATIONS:

MINIMUM EDUCATION AND/OR EXPERIENCE:
  • Bachelor's degree from a four-year college or university in accounting with five to seven years related experience, or equivalent combination of education and/or experience related to the discipline
  • Master's degree is preferred.

CERTIFICATES, LICENSES, AND REGISTRATIONS:
  • Certified Public Accountant (CPA) designation is preferred.

COMMUNICATION SKILLS:
  • Excellent written and verbal skills
  • Ability to experience in writing reports, testimony, memos, and letters
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to effectively present information, articulate recommendations, and respond to questions from groups of managers, clients, customers, and the general public

ANALYSIS AND PROBLEM-SOLVING ABILITY:
  • Ability to solve complex practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
  • Ability to interpret a variety of instructions furnished in written, oral diagram, or schedule form
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

PHYSICAL DEMANDS:
  • While performing the duties of this job, the employee is regularly required to stand and sit up to 2/3 of the time and to talk and listen for long periods of time.
  • Manual dexterity is required.

WORK ENVIRONMENT:
  • Office environment.

DEGREES:
  • Bachelor's Degree
  • Master's Degree

LICENSES / CERTIFICATIONS:
  • Certified Public Accountant


EQUAL OPPORTUNITY STATEMENT
PNM Resources and affiliates are Equal Opportunity/Affirmative Action employers. Women, minorities, disabled individuals and veterans are encouraged to apply.
About this Employer

PNM Resources is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.0 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. PNM Resources is publicly traded on the New York Stock Exchange as PNM.

PNM Resources strives to create enduring value for customers, communities and shareholders built on a foundation of Environmental, Social and Governance Principles. At the core of our business we are focused on our Vision, our Purpose and our Values.