Manager, Revenue Requirements And Cost Analysis

Requisition ID # 155454 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Revenue Requirements and Cost Recovery department is an integral part of PG&E’s Finance organization. We play a pivotal role in financial analysis, financial modeling, and Cost recovery. Our vision is to provide value-added financial insights and regulatory expertise to PG&E and our customers. Our team prepares forecasts, regulatory proposals, and testimony for timely recovery of approximately $20 billion in costs annually across multiple regulatory jurisdictions. We take pride in enabling informed decision making for our partners across PG&E through robust financial modeling and strategic analysis. Our team is also in the unique position to interface with CPUC and FERC staff, and other external stakeholders.

We are passionate about creating a team culture with rewarding work experiences. We build and maintain trusted relationships in an exciting and fast-paced environment.

Position Summary

The Manager, Revenue Requirements & Cost Analysis oversees the development of the Revenue Requirements and related cost recovery mechanisms for PG&E’s regulatory proceedings. The Manager maintains standards and guidelines for the submission of financial data from the functional areas for major rate cases with the California Public Utility Commission (CPUC) or Federal Energy Regulatory Commission (FERC), such as the General Rate Case, Electric Transmission Owner case, or incremental filings including the Wildfire Mitigation Cost Recovery application. The Manager leads a team to develop cost of service analysis, provide supporting review and guidance for various stages of the proceeding, perform financial scenarios, make recommendations to leadership team, support and prepare case witnesses, develop settlement proposals, as well as review, analyze and helps implement and monitor final rate case decisions.

The Manager may testify, or present at stakeholder workshops for key cost recovery proposals and issues. The Manager is responsible for driving continuous improvement in business processes supporting this function, as well as provides direction and leadership support through supervision and effective coaching.

The role is hybrid working from your remote office and in-person at the Oakland General Office 1-2x weekly or based on business needs.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed between the entry point and the middle of the range, the decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

A reasonable salary range is:​

Bay Area Minimum:       $129,000

Bay Area Maximum:      $207,000

Job Responsibilities

• Lead analysis and develop proposals for highly complex rulemaking or new policy design proceedings including reviewing testimony, work papers and exhibits; testifying at proceedings; leading workshops; reviewing and analyzing third party testimony, regulatory proposals, settlement agreements and decisions; leading development of strategies to rebut testimony, design of new proposals and performance of analyses for submittal in regulatory proceedings.
• Direct and oversee development of financial models and analytical tools for financial scenarios, reports, statistics, trends, and profiles. Establish tool validation Requirements and processes. Review conclusions and recommendations and present to Directors or Officers and external stakeholders. Review business case for changes and development of new methodologies or requirements.
• Guide development and documentation of processes, guidelines, standards, calculation models and analytics. Initiate and lead cross functional continuous improvement projects, to include partnering with peers and collaborating with stakeholder departments, and final review and approval of all recommendations, controls, process flows and implementation plans.
• Lead complex types of forecasting, cost recovery, and Revenue Requirements analysis, such as capital related cost recovery, tax, and depreciation. Understand the regulatory and financial impacts. Identify relationships and linkages to other regulatory decisions, review and approve results and conclusions and determine application of research to regulatory strategies.
• Develop cross functional trainings; coach team members; direct business priorities; ensure work products are accurate and timely; lead staff to accomplish results and drive performance; and determine long term strategies.
• Build and maintain productive relationships throughout the organization and with PG&E’s business functions.
• Direct review and interpretation of regulatory proposal, legislation, and other relevant materials to analyze potential ratemaking and financial impacts of complex issues. Lead presentation of recommendations and conclusions regarding case developments to Directors and Officers.
• Lead analyses of spending profiles and Cost categories to understand how various costs and trends impact current and future cost of service; review costs for consistency, timeliness, and compliance with regulatory requirements; validate and approve forecasts and analyses for assigned areas of responsibility; approve appropriate controls and develop additional analytical tools or processes.
• Lead continuous improvement initiatives, including standardization of regulatory reports for consistent and compelling cost presentation working closely with business partners and the Propel program (S4 Hana) project team.
• Lead department support for emerging regulatory, financial analyses and accounting needs associated with the Pacific Generation implementation.
• Drive attention and engagement around unique “ad hoc” regulatory cost recovery and ratemaking issues, anticipate problems and develop innovative solutions and/or analysis.
• Effectively communicate technical information to various audiences at all levels of the organization and via business communication channels including presentation materials to summarize key takeaways.
• Demonstrate strategic leadership using Lean Operating System, including use of operating reviews.

Leadership Qualities

Strategic Mindset

Seeing ahead to future possibilities and translating them into breakthrough strategies.

Operating effectively, even when things are not certain, or the way forward is not clear.

Demonstrates Safety Leadership

A safety champion in words and deeds with respect to both employee and public safety.

Maintaining an environment of open dialogue and free of retaliation.

Influences and Inspires

Using various communications that convey a clear understanding of the needs of different audiences.

Maneuvering comfortably through complex policies, processes, and people-related dynamics.

Optimizes Team Performance

Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.

Creating a climate where people are motivated to do their best to help the organization.

Values Diversity and Creates Inclusion

Recognizing the value that different perspectives and cultures bring to an organization.

Leads Ethically and in a Compliant Manner

Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety, and compliance.

Provides a High Level of Customer Service

Building strong customer relationships and delivering customer-centric solutions.

Qualifications

Minimum:

• Bachelor's degree in Business, Economics, Finance, Engineering or related discipline or equivalent related experience
• 8 years of related work experience
• 3 years of experience leading projects and/or a supervising team

Desired:

• Effective communication and strong analytical skills.
• Strong interpersonal and team collaboration skills to effectively manage issues and contacts at various levels.
• Experience with regulatory environment including the development and support of expert witness testimony and/or case management.

• Good understanding of overall utility revenue requirement, cost of service ratemaking, and California regulatory landscape including key regulators (CPUC and FERC).
• Understand regulatory recovery and financial costs and how financial data is used (e.g., CPUC decisions, GAAP financial statements).
• Able to present analysis and related financial data in a cohesive, understandable format to senior leadership and external stakeholders.
• Demonstrate understanding of technical concepts.
• Ability to write compelling testimony in support of a proposal.
• Advanced Excel, Word, and PowerPoint skills.
• Excellent research and issue resolution skills.
• Expert knowledge of SAP accounting modules.
• Depth and breadth of knowledge of the end-to-end regulatory process and environment.
• Skilled in cost allocation, rate policy development, rate theory, and regulatory accounting.