Public Utilities Analyst V - Cost of Capital
Job no: 530229
Position type: Full-time
Location: REMOTE OPTIONS, PHOENIX
Division/Equivalent: STATE OF AZ
School/Unit: RESIDENTIAL UTILITY CONSUMER OFFICE
Department/Office: UOUOA-UO-RESIDENTIAL UTLTY CNSMR OFC
Categories: Accounting/Auditing, Business and Financial Administration, Research, Telecommunications/Utilities
ARIZONA RESIDENTIAL UTILITY CONSUMER OFFICEThe Arizona Residential Utility Consumer Office ("RUCO") was established by the Arizona Legislature in 1983 to represent the interests of residential utility ratepayers in rate-related proceedings involving public service corporations before the Arizona Corporation Commission ("ACC" or "Commission"). |
Public Utilities Analyst V - Cost of Capital
*The position will have a 4 day in office, 1 day a week telecommute option*
Job Location: |
1110 West Washington Street Suite 220
Phoenix, Arizona 85007
Posting Details: |
Annual Salary: $80,000
Grade: 24
This position will remain open until filled
Job Summary: |
RUCO was established in 1983 to represent the interests of residential utility ratepayers in rate-related proceedings involving public service corporations before the ACC.
This position prepares an analysis of various components of the case in electric, gas, water, wastewater and telecommunications cases.
Job Duties: |
• Perform audits to verify the accuracy of financial information submitted in the various cases, and Issue data requests to the utility company to clarify information contained in company filings
• Review, analyze and develop RUCO's positions regarding the weighted average cost of capital (WACC), and Draft and support testimony to support RUCO's recommended debt and equity component of the WACC
• Using capital models such as the Capital Asset Pricing Model (CAPM), Discounted Cash Flow Model (DCF), and/or other relevant models, develop the equity component of the WACC
• Participate in working groups to develop proceedings or policy recommendations to the Director, Deputy Director, attorneys and the Public Utilities Manager
• Review develop and prepare recommendations in regulated utility rate increase filings, financial filings and other ACC filings
• Present expert testimony at ACC hearings
• Other duties as related to the position
Knowledge, Skills & Abilities (KSAs): |
Knowledge:
• Knowledge of generally accepted accounting procedures and practices; expertise in financial modeling and analysis
• Basic concepts of public utility regulation and ratemaking
• Advance financial theory as it relates to cost of capital
• Knowledge of utility operations and procedures
Skills:
• Effective and clear presentation skills to be able to speak before and explain issues to a variety of audiences
• Interpretative, evaluative and/or constructive thinking within broadly defined policies and objectives
• Problem solving various situations requiring analytical
• Intermediate to advanced skills in Excel
• Familiarity with google docs
Ability:
• Ability to explain and support RUCO's recommendations clearly in written testimony and verbally at a hearing
• Work with and participate in stakeholder working groups to achieve common goals
• To review and analyze company data independently
• Work with others
Selective Preference(s): |
• Certified Rate of Return Analyst (CRRA)
Pre-Employment Requirements: |
• Employees who drive on state business are subject to driver license record checks, required to maintain acceptable driving records and complete any required driver training (see Arizona Administrative Code R2-10-207.11)
• Requires possession of and ability to retain a current, valid state-issued driver license appropriate to the assignment
If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.
Benefits: |
The State of Arizona offers a comprehensive benefits package to include:
• Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance
• Life insurance and long-term disability insurance
• Vacation plus 10 paid holidays per year
• Health and dental insurance
• Retirement plan
• Sick leave
Learn more about the Paid Parental Leave pilot program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page
Retirement: |
• Positions in this classification participate in the Arizona State Retirement System (ASRS)
• Note that enrollment eligibility will become effective after 27 weeks of employment
Contact Us: |
• If you have any questions, please feel free to contact Shawn McConnell at staffing@azdoa.gov for assistance
Advertised: US Mountain Standard Time
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