Location: Belleville,IL, USA
Requisition ID: 107154
Share Our Purpose. Be Yourself. Feel Valued.
People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.
We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water's 6,500 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron's 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency's WaterSense Excellence Award, among additional state, local and national recognitions.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.
Primary Role
Support the end-to-end preparation and development of the financial analysis and the compliance reporting requirements to support state/operational business partners in all rate and regulatory matters. Support the completion of exhibits, work papers, interrogatories, and writing testimony to sponsor in a timely and accurate fashion. Assists with technical solutions and analysis on national issues. Prepare regulatory reports, financial information and operational data necessary for filing complete and timely rate applications and reports to state regulatory commissions.
Key Accountabilities
* Assist in the end-to-end preparation and implementation of acquisition proceedings, including rate calculations, rate impact analysis, escalation of potential issues as necessary.
* Serve as first level resource for various department or functional issues which may be related to customer service, billing, tariff administration, operational excellence regulatory compliance, etc. Answer routine rate and regulatory inquiries and assist in recognizing and troubleshooting larger problems.
* Lead tariff update efforts related to regulatory filings, ensuring regular maintenance and accuracy of rate related tariff pages.
* Communicate updated tariffs to the appropriate functional areas (i.e., tariff administration, CSO, business development, communications, operations, etc.) and verify correct rates are input into the customer billing system.
* Prepare analysis that supports operational/state business partners in the filing of base rate cases and alternative regulatory mechanisms (DSIC, RAC, trackers, etc.). Ensure the financial support is complete, accurate and timely prepared meeting all filing deadlines.
* Support the end-to-end preparation and development of the pro forma adjustments that are relied upon to support base rate case requests and alternative regulatory mechanisms.
* Support the accurate preparation of rate case support schedules, testimony and exhibits for increasingly more complex issues. Prepares written testimony (written and oral) and sponsors more complex adjustments in rate filings.
* Assists with technical solutions and analysis on national issues.
* Prepares responses to interrogatories for schedules and exhibits they own.
* Prepares financial support that is relied upon by Company consultants in areas such as: cost of service studies, return on equity, capital structure, depreciation studies, service company costs, Lead/Lag studies, etc.
* Prepares routine regulatory compliance filings, responses to ad hoc requests from regulators, compliance requirements from public utility commission orders.
* Analyze utility applications, reports, financial records, and cost studies.
* Provides research and comparative analyses of public utility issues, rate analysis, trends and best practices.
* Maintains and supports the use of SharePoint to drive efficiencies and develop best practices.
* Measures and assesses activities to drive continuous process improvements.
Knowledge/Skills
Detailed knowledge of:
* Economic principles relating to utility rates and cost analysis
* Fundamental accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accounting practices
* Data collection, research, statistical and cost analysis
* Business report writing, preparation and delivery of presentations
* Audit, review and analyze business and financial records
* Execution and analysis using company business technologies
* Microsoft Office Suite (MS Word, PowerPoint, Excel) with particular expertise in Microsoft Excel
* Must have the ability to review data and make appropriate decisions regarding public utility operations and to project future costs.
Experience/Education
* Five to seven years of pertinent technical experience. Utility industry experience a plus.
* Working knowledge of SAP a plus.
* Bachelor's degree in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience.
* MBA in Accounting or Finance preferred.
Certifications & Licenses
CPA, CMA or other technical license a plus.
Work Environment
Standard office environment.
Travel Requirements
Up to 20%.
Other
This position is increasing the level of responsibility within the job family where employees are assigned responsibility for performing complex work solving a wider range of standard and nonstandard problems and to continue to build their skills in gathering and analyzing data concerning public utilities, and in reviewing utility applications. In this role they work under minimal if any supervision and independently handle presentations at meetings, preparing exhibits and testimony, and may be called upon to provide testimony in routine cases for increasingly complex issues, or to research a portion of a case and testify to the findings.
Competencies
Champions safety
Customer obsessed
Cultivates innovation
Nimble learning
Drives Results
Collaborates
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 they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.