Sr Regulatory Specialist

Company: Atlantic City Electric
Location: Washington
Posted on: November 11, 2024

Job Description:

Who We AreWe're powering a cleaner, brighter future.Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.Are you in?Primary PurposePRIMARY PURPOSE OF POSITIONRegulatory Policy

• Act to provide data and analytical support for specific segments of regulatory filings and/or audits. The Revenue Policy function is to plan, coordinate, recommend and support revenue requirement strategies for timely development of filings, along with responding to informational and audit requests from internal and external parties.
• Assist with research and analysis of accounting, tax and financial issues associated with regulatory matters. Effectively communicate the analysis to appropriate management.
• Apply critical analytical skills in the preparation of regulatory data filing requirements for rate case (distribution and transmission) proceedings. Assist in the drafting of witness testimony and prepare responses to discovery (data) requests of regulators and external parties.
• Monitor regulatory hearings, proceedings and meetings (of PEPCO and other utilities). Prepare and analyze impacts of potential outcomes as requested.Regulatory Compliance
• Under the direction of the Regulatory Compliance Manager, act as a conduit for regulatory compliance matters including but not limited to all records management matters to/from PEPCO and Exelon, track and report ongoing commitments, and support other regulatory compliance policies and procedures. Provide day to day analytical and tactical support for PEPCO Records and Information Management program and Commitments tracking program. Sustain adherence to the company's records and information management program by providing hands-on support to all PEPCO departments. Sustain and respond to Commitments tracking inquiries and maintenance. Enforce document control policies and deliver training in records and information management procedures, commitments tracking and reporting, and other regulatory compliance matters as needed.
• Additionally, act as a subject matter liaison concerning a variety of other compliance areas facing the organization. Monitor and coordinate activities to manage compliance performance including regular status of compliance activities. Make recommendations for improvements and implement approved change to support Regulatory Compliance. Provide analytical and operational support to the Regulatory Policy & Strategy business unit including support for specific segments of the regulatory compliance initiatives.Position may be required to work extended hours, including 24 x 7 coverage during storms or other emergencies.Primary DutiesPRIMARY DUTIES AND ACCOUNTABILITIES

• Accountability Regulatory Policy
• Administer the company's records and information management and commitments tracking initiatives to ensure the company adheres to internal and external requirements. Provide guidance and support to the business on best practices for tracking, storage, retention, retrieval and destruction of physical records and documents consistent with corporate policy, state and federal regulatory requirements, and other agency guidelines. Support best practices in commitment tracking reporting, documentation and maintenance and records and information management. Provide support for compliance to any data privacy and data sharing policy and/or program (75%)
• Assist with data analysis for specific segments of regulatory filings and/or audits. Prepare analysis for strategic options to facilitate timely cost recovery through the generation of regulated revenue. Provide data and supporting analyses in the development of rate filings, including responses to information requests. (35%)
• Assist with accounting, tax, financial, economic and other quantitative and qualitative analyses of regulatory matters. Responsibilities include research, analysis, monitoring and the preparation of appropriate written and oral reports for management (25%)
• Provide data and support for the preparation of written testimony, regulatory audits and post-filing implementation requirement activities. (20%)
• Support and monitor regulatory hearings, proceedings and meetings. Assist in the analyses of accounting and financial impacts on the company of potential outcomes. Assist with preparation of appropriate reports to management identifying issues and suggesting appropriate actions to address issues raised by commission decisions and rule making. Regulatory Compliance (20%)
• Provide support to the other functions within Regulatory Compliance. Provide support to the Regulatory Policy & Strategy business unit as emerging projects and issues arise. (100%)Job ScopeJOB SCOPE
  • Regulatory Policy
  • This position has a direct impact on the utility's ability to successfully implement its regulatory strategy for revenue generation, cost recovery and earnings protection.
  • The position has significant internal interrelationships. Key internal relationships include regulatory, finance, accounting, treasury, and legal, as well as other operational and support groups within ComEd and Exelon Business Services Company. The position requires an ability to work effectively in cross-functional teams to provide support for various company initiatives. In addition, the individual is regularly called upon to provide data and analyses to company personnel with regards to complex regulatory issues.
  • The position requires that it be a trusted and reliable conduit of information to, and feedback from, the regulatory areas that impact the Company. In doing so, the position may interface with regulatory staff and external consultants requiring cooperation, tact, diplomacy and excellent judgment to further the company's credibility, image and business objectives.
  • Work is complex in nature and involves both technical and creative skills and an attention to detail, in order to quickly assimilate and implement new regulatory concepts under tight time constraints. At certain points in time, the position requires extended hours to prepare regulatory filings.
  • Generally, operates with minimal supervision.
  • Regulatory Compliance
  • This position has a direct impact on the utility's ability to successfully implement its regulatory compliance strategy.
  • The position will interact with virtually every department within ComEd. It will also work regularly with the Office of Corporate Governance within Exelon Business Services Company. The position requires an ability to work effectively in cross-functional teams to provide support for various compliance initiatives.
  • The position requires that it be a trusted and reliable conduit of information to, and feedback from, the compliance areas that impact the Company. In doing so, the position may interface with regulatory staff and external consultants requiring cooperation, tact, diplomacy and excellent judgment to further the company's credibility, image and business objectives.Minimum QualificationsMINIMUM QUALIFICATIONS
    • BS or BA in a quantitative field such as Business, Economics, Finance, Accounting or Engineering with 4 years of experience, OR in lieu of bachelor's degree, 6-9 years of related business experience.
    • Five or more years electric and/or gas utility experience, primarily in the regulatory, rates, accounting, financial, or strategic planning areas.Preferred QualificationsPREFERRED QUALIFICATIONS
      • Advanced degree in Accounting, Finance, Business, Economics; CPA
      • Seven or more years of utility experience with five or more years' experience with regulatory filings.Benefits
        • Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: USD $80,800.00/Yr. - USD $121,200.00/Yr.
        • Annual Bonus for eligible positions: 15%
        • 401(k) match and annual company contribution
        • Medical, Dental and Vision Insurance
        • Life and disability insurance
        • Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave (based on position)
        • Long Term Incentive Plan for eligible positions
        • Wellbeing programs such as tuition reimbursement, adoption assistance and fitness reimbursement
        • Referral bonus program
        • And much more
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Keywords: Atlantic City Electric, Washington DC , Sr Regulatory Specialist, Accounting, Auditing , Washington, DC