Mgr Revenue Requirements (Regulatory Accounting Manager)

$115,200 - $172,800/Yr

Exelon - Washington, DC

Full-time - Mid Level

Washington, DC

10,001+ employees

Utilities

About the position

Exelon is at the forefront of the energy transformation, and we are seeking a dedicated professional to join our team. This position plays a crucial role in the company's ability to generate the revenue necessary for the successful development and implementation of strategic initiatives, which directly impacts shareholder returns, cash levels, and earnings. The individual in this role will be responsible for the development, execution, and support of strategic policies, regularly communicating with Exelon's key senior management and external stakeholders, including state and federal governmental agencies. The primary responsibilities include managing Revenue Requirement functions and special projects, which encompass retail or wholesale regulatory filings and the strategic review of alternative cost recovery regulatory mechanisms. This role is integral to the planning, development, recommendation, and support of strategic policies and positions for distribution, transmission, supply, or surcharge rate revenue requests. The position may also involve testifying on behalf of the company in litigated regulatory proceedings. The successful candidate will collaborate with internal and external stakeholders to define innovative regulatory infrastructures and alternative regulatory approaches that align with the company's strategic objectives. In addition, the role requires applying critical analytical skills and possessing a comprehensive understanding of regulatory, ratemaking, accounting, financial, and legal concepts unique to the utility industry. This ensures adherence to regulatory filing requirements for distribution, transmission, supply, or surcharge rate proceedings, including the preparation of testimony. The individual will also manage compliance-related matters and lead the design and implementation of process improvements aimed at enhancing the efficiency and quality of regulatory filings. The position may require extended hours and travel, as well as providing coverage during storms or other energy delivery emergencies.

Responsibilities

• Manage certain regulatory filings and specific segments of larger regulatory proceedings, such as distribution base rate cases.
• Plan, coordinate, and manage the implementation of aspects of the filings to facilitate timely cost recovery through regulated revenue generation.
• Provide guidance and recommendations to management and other departments in the development of filings and responses to related information requests.
• Evaluate, plan, analyze, and support the strategic and tactical aspects of the Company's regulated revenue requests in litigated proceedings and settlement efforts.
• Manage activities of staff regarding revenue requirement activities, including leading, coaching, and developing staff.
• Act as an expert witness before state and/or federal governmental agencies and provide expert testimony on regulatory issues.
• Ensure compliance with regulatory filing requirements of revenue and cost data for rate-related matters.
• Analyze and communicate accounting and financial planning impacts due to regulatory commission rate case decisions and rulemakings.
• Participate on corporate committees and external organizations to develop improvements to regulatory and ratemaking infrastructure.
• Develop responses to discovery related to the multi-year plan, including data requests related to project list updates and annual informational filings.

Requirements

• Bachelor's degree in a quantitative field such as Accounting, Finance, or Economics.
• 7-10 years of relevant experience in Regulatory, Accounting, Finance, and Strategic Planning.
• Excellent written and oral communication skills for representing the Company and testifying before regulatory agencies.
• Highly effective personal skills to interface with internal departments and regulatory commission staff.
• Excellent financial, analytical, technical, and strategic skills to manage activities related to financial policies and outcomes.
• Knowledge of regulatory processes for developing and prosecuting rate case and other cost recovery filings.
• Knowledge of revenue requirement and regulatory cost of service concepts.
• Broad understanding of Exelon/energy delivery strategy and business practices.
• Demonstration of high-level competencies in accountability, collaboration, continuous learning, and high performance in ambiguous situations.
• In lieu of a degree, 9-12 years of relevant experience.

Nice-to-haves

• Advanced degree in Accounting, Finance, Business, or Economics.
• CPA certification.
• Experience interacting with senior management on regulatory, accounting, financial, or strategic planning issues.
• 3-5 years of supervisory experience.

Benefits

• Annual salary range: $115,200-$172,800 based on skills and experience.
• Annual bonus and incentive pay up to 20%.
• 401(k) match and annual company contribution.
• Medical, Dental, and Vision Insurance.
• Life and disability insurance.
• Generous paid time off, including vacation, floating and fixed holidays, and sick time.
• Maternity leave and paid bonding/primary caregiver leave for birth or adoption.
• Long Term Incentive Plan for eligible positions.
• Wellbeing programs such as tuition reimbursement, adoption assistance, and fitness reimbursement.
• Referral bonus program.