Principal Regulatory Analyst
American Water

Requisition ID: 107308

Share Our Purpose. Be Yourself. Feel Valued.

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

We are Beautifully Different. We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water's 6,500 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.

American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron's 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency's WaterSense® Excellence Award, among additional state, local and national recognitions.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.

Primary Role

Leads the end to end preparation and development of financial analysis and the compliance reporting requirements for multiple states to support state/operational business partners in the most complex rate and regulatory matters. Owns the completion of exhibits, work papers, interrogatories in a timely and accurate fashion for rate case filings and alternative mechanism filings. Sponsors written testimony for regulatory filings. Leads the preparation of regulatory reports, financial information and operational data necessary for filings with state regulatory commissions. Also provides the most complex technical solutions and analysis on national issues. Owns the calculation of the revenue requirement for the most complex regulatory filings.

Key Accountabilities

• Prepare analysis that supports operational/state business partners in the filing of base rate cases and alternative regulatory mechanisms (DSIC, RAC, trackers, etc). Ensure the financial support is complete, accurate and timely prepared meeting all filing deadlines.

• Own the end to end preparation and development of the most complex pro forma adjustments that are relied upon to support base rate case requests and alternative regulatory mechanisms.

• Prepare accurate rate case support schedules, testimony and exhibits for complex issues.

• Prepares written testimony (written and oral) and sponsors complex adjustments in rate filings.

• Provides technical solutions and analysis on national issues.

• Prepares responses to interrogatories for schedules and exhibits they own and assists and mentors regulatory analysts in their development.

• Prepares the revenue requirement calculation. Able to complete the most complex revenue requirement calculations.

• Develops and delivers the most complex financial support that is relied upon by Company consultants in areas such as: cost of service studies, return on equity, capital structure, depreciation studies, service company costs, Lead/Lag studies, etc.

• Prepares complex filings that respond to requests from the Commission or comply with regulatory compliance requirements from previous Orders.

• Analyze complex utility applications, reports, financial records, and cost studies.

• Provides research and comparative analyses of most complex public utility issues, trends and best practices.

• Ensures regulatory filings are appropriately filed on the regulatory SharePoint site.

• Identifies and leads activities to drive continuous process improvements.

• May be responsible for the supervision of staff, could include hiring of the staff, goal/objective setting, performance management and career development planning.

Experience/Education

• Bachelor's degree in economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience.
• MBA in Accounting or Finance preferred. CPA, CMA or other technical license a plus.
• 7-10 years of experience in regulatory finance or accounting, with a focus on utility industries.
• Working knowledge of SAP a plus.

Travel Requirements

• Up to 20%

Other

• This is the internal expert level of the job family that is restricted on the basis of business needs.
• This level has complete latitude for independent judgment in a regular changing work environment.
• Regularly mentors and leads less experienced colleagues.
• This includes project management, facilitating meetings, preparing exhibits and testimony, and regularly serving as an expert witness.

Work Environment:

• Standard office environment

Competencies

Champions safety

Collaborates

Cultivates innovation

Customer obsessed

Drives Results

Nimble learning

Join American Water...We Keep Life Flowing™

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

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