Manager Revenue Requirements

Job Description

Description

Be a part of something powerful at America's premier energy provider!

At Exelon, we are united by our values and shared vision for a cleaner and brighter future. We encourage curiosity, value diverse perspectives and we never stop looking for ways to be, work and do better. We know the future is in our hands. That's why we're looking for people like you, who have the power to make a difference.

As the nation's largest utility company, we serve more than 10 million customers through six fully regulated transmission and distribution utilities; 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). All 18,000 of us are committed to delivering safe, reliable and affordable energy to our customers, strengthening our communities, supporting a clean energy future and reducing our impact on the changing climate.

Our people are the heart and soul of our business. Whether it's powering lives, supporting communities or collaborating with colleagues, an Exelon employee is talented, compassionate, forward-thinking and inspired. We are empowered to evolve and advance our careers in an open and inclusive environment. We pride ourselves on being the kind of place where people want to come and stay. We know that investing in our employees' futures strengthens ours, which is why we offer competitive compensation, incentives and health and retirement benefits.

PRIMARY PURPOSE OF POSITION

Develop and manage Revenue Requirement functions and special projects, including retail or wholesale regulatory filings and the strategic review of alternative cost recovery regulatory mechanisms. This function assists in the planning, development, recommendation and support of the strategic policies and positions for distribution, transmission, supply or surcharge rate revenue requests internally before Exelon key senior management and externally before state or federal governmental agencies, as appropriate. This function may include the responsibility for testifying on the Company's behalf as a witness in litigated regulatory proceedings. Develop and implement the Company's strategic regulatory options beyond the traditional revenue requirements. Collaborate with internal and external stakeholders to define creative regulatory infrastructures and alternative regulatory approaches that further the Company's positions on matters encompassing strategy, policy and operations. Apply critical analytical skills as well as possessing an in-depth working knowledge of regulatory, ratemaking, accounting, financial and legal concepts unique to the utility industry, to ensure adherence to regulatory filing requirements for distribution, transmission, supply or surcharge rate proceedings, including the preparation of testimony. Manage compliance-related matters related to distribution, transmission, supply or surcharge revenue requirements. Position may be required to work extended hours, including travel, as well as provide 24 X 7 coverage during storms or other energy delivery emergencies.

PRIMARY DUTIES AND ACCOUNTABILITIES

• Manage certain regulatory filings and specific segments of larger regulatory proceedings (e.g. distribution base rate cases). Plan, coordinate and manage the implementation of aspects of the filings so as to facilitate timely cost recovery through the generation of regulated revenue. This duty includes the provision of guidance and recommendation to appropriate management and other departments in the development of filings and positions on, and responses to, related information requests. Manage related activities of the regulatory and cross-functional staff as assigned. (25%)
• Evaluate, plan, analyze and support the strategic and tactical aspects of the Company's regulated distribution, transmission, supply or surcharge revenue requests in litigated proceedings as well as settlement efforts. (20%)
• Manage activities of staff regarding distribution, transmission, supply or surcharge revenue requirement activities, including leading, coaching and developing staff. (20%)
• Act as an expert witness before state and/or federal governmental agencies, as appropriate, and in litigated proceedings. Provide expert testimony and/or coordinate the preparation of testimony by other witnesses on behalf of the Company on regulatory issues. (15%)
• Ensure Company's compliance with regulatory filing requirements of revenue and cost data for rate-related matters through continuous application of in-depth working knowledge of regulatory, ratemaking, accounting, financial and legal concepts and standards unique to the utility industry. (10%)
• Analyze, interpret and communicate accounting and financial planning impacts due to regulatory commission rate case decisions and rulemakings regarding distribution, transmission, supply and surcharge revenue, ratemaking and cost recovery matters. (5%)
• Participate on corporate committees and external organizations to develop improvements to regulatory and ratemaking infrastructure, comment on rulemakings and develop alternatives to existing regulatory requirements consistent with Exelon strategic and business objectives. (5%)

JOB SCOPE

• This position has a direct impact on the success of Exelon's regulatory strategy.
• Day to day supervisory responsibilities are direct, administrative, or functional in nature, and will typically involve the management of direct reports.
• This position acts as Regulatory Department's revenue requirement expert for retail and/or wholesale electric services as well as related strategy, reporting and policy issues.
• Work involves communicating with and influencing internal and external contacts, including contacts with senior management, numerous internal departments, customers, and regulatory organizations, which require satisfactory disposition, ability to adjust, skillfulness in selecting appropriate courses of action, and diplomacy. Cooperation, tact, excellent judgment, and persuasiveness are essential to assure a positive impact on the Company's image and/or business.
• Work is diversified and complex in nature. Work involves the understanding and application of overall Company policies and guidelines and a wide range of practices and procedures. The position generally operates with a certain degree of latitude for independent decision-making.
• Responsible for oversight of team that assists in the planning, development and filing of distribution revenue requests for Pepco in the District of Columbia or Maryland.  Filings that the team participates in include the company’s multi-year rate plan applications, cost recovery proposals for pilot projects and strategic initiatives, and on-going compliance filings that support those matters.  Position provides broad exposure to internal and external stakeholders including senior management, departments across the company including strategy, legal, finance, accounting and operations, as week as external regulatory organizations.

Qualifications

• Bachelor's degree in quantitative field, such as Accounting, Finance or Economics
• Eight or more years of relevant experience in areas such as Regulatory, Accounting, Finance and Strategic Planning
• Excellent written and oral communication skills that are essential to represent the Company internally and externally and to testify on behalf of the Company before regulatory agencies
• Highly effective personal skills to interface with other internal departments as well as across Exelon's business units as well as state/federal commission staff and intervenors.
• Excellent financial, analytical, technical and strategic skills to direct and manage activities related to the evaluation of financial policies, positions and outcomes
• Knowledge of the regulatory processes for developing and prosecuting rate case and other cost recovery filings in the respective service territories
• Knowledge of revenue requirement and regulatory cost of service concepts
• Possession of a broad understanding of Exelon/energy delivery strategy and business practices
• Demonstration of high-level competencies in 1) accountability, 2) collaboration, 3) continuous learning and 4) high performance in ambiguous situations.

• Advanced degree in Accounting, Finance, Business or Economics
• CPA
• Experience interacting with senior management on regulatory, accounting, financial or strategic planning issues