Senior Associate/Regulatory and Financial Modeling Manager (Energy practice)

$115,000 - $220,000/Yr

Charles River Associates - Boston, MA

Full-time - Mid Level

Remote - Boston, MA

Professional, Scientific, and Technical Services

About the position

Charles River Associates (CRA) is seeking a Senior Associate/Regulatory and Financial Modeling Manager to join its Energy practice. This role is pivotal in providing consulting services to a diverse range of clients, including electric and gas utilities, investors, and clean energy technology leaders. The Senior Associate will be responsible for managing teams in regulatory-focused client engagements, which encompass general and limited-issue rate cases, regulatory strategy development, and regulatory due diligence for transactions. The position requires a strong understanding of utility ratemaking and the regulatory process, as well as the ability to conduct research and utilize software to analyze and deliver data-driven insights. In this role, you will act as a principal custodian of the Energy practice's ratemaking models and serve as a subject matter expert on ratemaking issues and regulatory strategy. You will perform a variety of quantitative consulting tasks, including developing forecast scenarios, evaluating regulatory outcomes, and assessing the value of regulated entities based on their future financial performance. Additionally, you will support the development of industry-leading models through research, programming, and model vetting, particularly in areas like transaction support and cost of service. The Senior Associate will also be responsible for developing presentations and reports to effectively communicate findings to clients, ensuring that complex matters are shared concisely and accurately. You will oversee junior staff in the production of reports and analyses, providing mentorship and guidance to foster their professional growth. This position offers a unique opportunity to work in a collegial environment, where you will be exposed to leading minds in the field and have access to extensive professional development resources.

Responsibilities

• Manage Energy practice teams in regulatory-focused client engagements, including general and limited-issue rate cases, development of regulatory strategy, and regulatory due diligence for transactions.
• Act as a principal custodian of some of the Energy practice's ratemaking models.
• Serve as a subject matter expert for clients on ratemaking issues and regulatory strategy.
• Perform a broad range of quantitative consulting tasks such as developing forecast scenarios and assumptions, evaluating regulatory and rate outcomes, and assessing the value of regulated entities based on future financial performance.
• Support the development of industry leading models through research and analysis, programming, and model vetting in areas like transaction support and cost of service.
• Develop presentations and reports to concisely, comprehensively, and accurately share findings with clients on complex matters.
• Effectively communicate and present information and results to senior- and mid-level staff of clients.
• Oversee junior staff in the production of reports, presentations, and market analyses.

Requirements

• Bachelor's in Economics, Finance, Engineering, or Accounting; Master's degree preferred.
• 5+ years of professional experience in an electric and/or natural gas regulatory specialty, including revenue requirements, cost of service, and/or rate design.
• 2+ years of professional experience directly managing or leading the work of others.
• Experience developing, working with, and interpreting complex regulatory and financial models.
• Knowledge of the FERC Uniform System of Accounts.
• Excellent presentation skills and writing ability.
• Strong problem solving abilities and resourcefulness.
• Ability to work well in a team environment and willingness to provide mentorship and supervision to junior staff members.
• Experience as an expert witness in regulatory proceedings before state public service commissions and/or FERC is a strong plus.
• Previous project and client management experience is a strong plus.

Nice-to-haves

• Experience in the energy sector beyond regulatory matters.
• Familiarity with economic analysis related to energy markets.
• Advanced programming skills in relevant software for modeling.

Benefits

• Comprehensive total rewards program including a superior benefits package.
• Wellness programming to support physical, mental, emotional, and financial well-being.
• In-house immigration support for foreign nationals and international business travelers.
• 100 hours of training annually through formal and informal programs.
• Career mentoring and performance coaching from an assigned senior colleague.