Note: Closing Date to apply:Jun 25, 2021, 11:59:00 PM
The Railroad Commission of Texas, recognized as a worldwide leader in the regulation of oil and gas, is seeking a Financial Analyst III to perform routine to complex financial analysis work to include reviews of rate change and other applications filed with the Commission. Work involves analyzing utility reports, testimony, accounting records, contracts, and other pertinent information for compliance with accounting standards, state laws and Commission regulations, and reasonableness of costs. Work under moderate to limited supervision with latitude for use of initiative and independent judgment. Occasional travel may be required. Work is performed under the general supervision of the Section Director – Market Oversight Section. This position will work in the Market Oversight Section, Gas Services Department within the Oversight and Safety Division.
Essential Job Duties
• Analyze various utility filings to determine compliance with Texas Utilities Code, Commission rules, and Commission policy. • Prepare written and/or oral expert testimony for use in contested utility rate proceedings. Work closely with attorneys and other professional staff throughout the various stages of contested cases. • Testify as a witness on behalf of Commission Staff in contested rate cases. • Participate in and lead rulemaking and other policymaking activities, in coordination with other divisions. • Conduct investigations of compliance by natural gas utilities, common carriers and propane distribution companies with Texas Utilities Code, Commission rules, and Commission policy. • Continue professional development to increase knowledge of utility ratemaking, including maintaining current knowledge of Texas laws and rules, and Federal Energy Regulatory Commission (FERC) accounting rules. • Mediate informal industry disputes. • Respond to inquiries from utilities, Commission staff, other government agencies, and the public regarding utility rate issues and competitive matters. • Prepare, in conjunction with other staff as necessary, reports as required by the legislature, Commission action, or as directed by supervisors.
This position may require some travel.
State Classification #: 1084
State Classification Title: FINANCIAL ANALYST III
Salary Group: B24
Military Occupational Specialty Codes (MOS): Army – 36, 36A Navy – No military equivalent Air Force – 6FOX1, 6F, 65, 65FX, 65WX Marine Corps – 34, 3408, 8844 Coast Guard – 020, 31, F&S, FIN10
• Graduation from an accredited four-year college or university with major coursework in Accounting, Business Administration, Finance, Economics, or a related field. • Two years or more experience in utility accounting, finance, public accounting, or directly related work experience.
• Experience and education may substitute for one another on a year for year basis.
• Strong interpersonal and communication skills with the ability to work effectively within a diverse group. • Licensed Certified Public Accountant (CPA), Certified Financial Analyst (CFA), Certified Rate of Return Analyst (CRRA), or actively pursuing certification. • Prior work experience with a utility, utility representative, or utility regulatory commission. • Experience analyzing transactions between regulated utilities and their affiliates. • Understanding of and experience dealing with utility ratemaking principles and the ability to evaluate a utility’s cost of service, including revenue, expenses, rate base, cost of capital, cost allocation, and rate design.
Knowledge, Skills, and Abilities
• Proficiency with Microsoft Office applications, particularly Microsoft Excel. • Knowledge of the FERC Uniform System of Accounts, Texas Utilities Code, and applicable Texas Administrative Code. • Ability to effectively plan and organize several tasks, write concise persuasive testimony, and defend positions through oral testimony. • Ability to work independently and exercise sound judgment when dealing with complex and controversial issues. • Ability to coordinate projects within the division and with other divisions. • Must demonstrate excellent communication, writing and organizational skills. • Ability to maintain working relationships with internal/external stakeholders and be open to peer review from supervisors on work performance standards. • Ability to respond to high pressure situations and meet changing demands and timelines. • Ability to learn new regulations and standards to ensure compliance.
• This position may require additional work hours including evenings, weekends, and/or holidays to meet critical deadlines.
Remarks: There is one available position. Official transcripts, DD214 or DD1300, copies of license/certifications, or other minimum requirement validations will be requested at the time of the job offer.
THE RAILROAD COMMISSION OF TEXAS ONLY ACCEPTS ONLINE APPLICATIONS FOR THIS POSTING.
Due to the high volume of applications we do not accept telephone calls. Only candidates selected for interview will be contacted. Notifications to applicants are sent electronically to the email address you provide.
The Railroad Commission of Texas is an Equal Opportunity Employer and does not discriminate on the basis of race, color, national origin, sex, religion, age or disability in employment or in the provision of services. The Railroad Commission of Texas is a tobacco-free workplace.
Internal Number: 00015138
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