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SalaryUtility Specialist 2
(240002TD)Utilities Specialist 2
Rates & Analysis Department
Accounting & Finance Division
Hourly Rate: $33.63
About Us:
Our mission is to assure all residential and business consumers access to adequate, safe and reliable utility services at fair prices, while facilitating an environment that provides competitive choices.
About The Rates & Analysis Department:
The Rates and Analysis Department participates in federal and state programs and investigations regarding energy policy, delivery and reliability; monitors and advises on utility conformance with prudent corporate oversight practices and procedures; monitors energy efficiency and portfolio compliance requirements; processes utility rate change requests and performs technical investigations. The department is comprised of accounting and finance, grid modernization and retail markets, and regulatory utility services divisions.
What You'll Do:
In this position as a Utilities Specialist 2 (US2)in the Rates & Analysis, Accounting & Finance division, you will primarily serve as a cost of capital expert with responsibility to calculate and recommend cost of equity estimates as part of a rate of return study in rate case proceedings. In addition, this position will also have responsibility to review financing applications seeking PUCO authorization to issue both short- and long-term securities; applications relating to mergers and acquisitions; calculate comparable earnings thresholds in significantly excessive earnings test reviews; and other financial analysis as assigned.
Report in location: 180 E. Broad St., Columbus, Ohio 43215, Franklin County.
Our organization currently follows a hybrid work structure where employees can work remotely or from the office as needed and based on operational need. This is subject to change with limited notice. A teleworking agreement must be approved by management
What’s in it for you:
At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website! Our benefits package includes:
Medical Coverage
- Quality, affordable, and competitive medical benefits are offered through the available Ohio Med plans.
Dental, Vision and Basic Life Insurance
- Dental, vision, and basic life insurance premiums are free after completed eligibility period. Length of eligibility period is dependent on union representation.
Time Away From Work and Work/Life Balance
- Paid time off, including vacation, personal, and sick leave
- 11 paid holidays per year
- Childbirth/Adoption leave
Employee Development Funds
- The State of Ohio offers a variety of educational and professional development funding that varies based on whether you are a union-exempt employee or a union-represented employee.
Ohio Public Employees Retirement System
- OPERS is the retirement system for State of Ohio employees. The employee contributes 10% of their salary towards their retirement. The employer contributes an amount equal to 14% of the employee’s salary. Visit the OPERS website for more information.
Deferred Compensation
- The Ohio Deferred Compensation program is a 457(b) voluntary retirement savings plan. Visit the Ohio Deferred Compensation website for more information.
Completion of graduate core program or 3 yrs. exp. in one or more of following academic fields; accounting, code enforcement, finance, business administration, public administration, utility &/or transportation code of enforcement, geology, management, law, economics, mathematics or engineering; 3 yrs. exp. in utility or transportation regulatory experience involving combination of following: PUCO operations, programs & policies affecting regulation of utility or transportation companies, state & federal laws, regulations & procedures governing utility or transportation company operations, competitive programs & alternative regulations, rate &/or tariff structure, financing & securities or economics applied to utility or transportation companies, utility or transportation regulatory processing & case hearing proceedings, cost recovery & cost adjustment methods & procedures, enforcement of customer service standards, statistical, mathematical or analytical methods used in formulating & solving problems or in decision making, developing & conducting research studies, customer preference surveys &/or investigations of enforcement, scientific, technical or legal nature involving issues of utility or transportation regulation or alternative regulation or competitive markets.
- Or 24 mos. exp. as Utility Specialist 1, 66951.
- Or equivalent of Minimum Class Qualifications for Employment noted above.
Job Skills: Utilities
Technical Skills: Accounting & Finance
Professional Skills: Attention to Detail, Analyzation, Interpreting Data
Ohio is a Disability Inclusion State and strives to be a Model Employer of Individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.
The State of Ohio is a drug-free Workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note, this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39), and as outlined in the posting.
Knowledge of agency policies & procedures, state & federal laws, rules & regulations governing utility or transportation regulation & evolution to competitive utility markets & services, designated field within utility industry (e.g., electric, biomass, environmental compliance, natural gas distribution, telephone, telecommunications, water, wastewater, chilled water, natural gas, gas or steam, intrastate & interstate pipeline companies, transportation/household goods & marketers/suppliers of energy services); uniform system of accounts, generally accepted accounting principles, financial & operational accounting standards, rate & tariff structures, codes of conduct, minimum utility reliability & safety standards, consumer protections, financing & securities or economics as applied to utility or transportation regulation &/or gas cost recovery or fuel cost adjustment methods & procedures; utility rate setting process & regulatory &/or alternative regulation proceedings; procedures & methods for collection, reporting of & dissemination of information to utility case proceedings; management & operating practices of utility companies in designated field; utility industry restructuring; federal activities & proceedings; multiple disciplines (e.g., engineering, economics, finance, mathematics or accounting & computer science) affecting utility regulation or competitive utility markets within designated field; investigation & enforcement techniques; computer & database software; forecasting future demands or quantity or quality of service needed; enforcement of code of conduct; enforcement of minimum utility customer service standards & quality of service standards; enforcement of commission policies; dispute resolution techniques; competitive market monitoring; designing, conducting & evaluating customer surveys. Skill in operation of personal computer. Ability to use statistical & analytical methods & develop complex models; communicate technical data to persons outside of designated field; analyze research & reconcile conflicting issues; analyze & develop new methods; prepare complex reports; train utility auditors & utility rate analysts in newly developed methods; represent agency as specific utility expert in meetings, hearings &/or conferences.
Unusual working conditions. May require overnight travel.
Applications must clearly indicate how the applicant meets the minimum qualifications for the position. All answers to the supplemental questions must be supported by information provided in the work experience &/or education sections on your civil service application. Please do not use “see resume” as a substitution for the completed application; assumptions will not be made. If you have attached supporting documents in the past, you must make them relevant on your current application. This is done in step 7 “Additional Attachments.” If you don’t demonstrate how, you meet minimum qualifications in the supplemental questions, your application may be disqualified from consideration.
*****Written &/or oral assessments will be administered in person as part of the selection process at our Columbus, Ohio central headquarter office.*****
For Bargaining unit positions, the provisions of the Ohio Civil Service Employees Association contract apply.
The final candidate for this position will be required to undergo a criminal background check. Criminal convictions do not necessarily preclude an applicant from consideration for this position. An individual assessment of an applicant's prior criminal convictions will be made before excluding an applicant from consideration.
