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 $40 to $42 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 specialized and highly complex financial and statistical modeling, sensitivities and scenario analysis as requested to support all aspects of the ratemaking process. Owns the calculation of the most complex revenue requirement and regulatory filings, allocation of revenue requirement to customer class, customer impacts and resulting rates for the most complex regulatory filings. Leads the end-to-end preparation and development of financial analysis needed to support compliance reporting requirements for multiple states and support state/operational business partners in the most complex rate and regulatory matters. Owns the completion of exhibits, work papers, and interrogatories in a timely and accurate fashion for rate case filings and alternative mechanism filings. Sponsors written and oral 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 regulatory issues. This is the 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.
Key Accountabilities
Prepares specialized and highly complex financial and statistical analyses, sensitivities and scenario analysis as requested to support all aspects of the ratemaking process for acquisitions.
Prepares all financial, statistical, and other analyses necessary to complete class cost of service and rate design studies for rate cases, including detailed customer impact studies for acquisitions.Prepares statistical and other quantitative analyses of acquisition customer usage data to forecast sales and revenues to support pro forma adjustments and forecast test year information regarding sales, customer counts, and revenues.
Prepares acquisition revenue requirement calculations, modifies based on Company policy direction, and Commission ordered changes. Able to complete the most complex revenue requirement calculations. Including building newly created revenue requirement models, resulting from policy initiatives, acquisitions, expansion to new states, and/or Commission orders.
Prepare analysis that supports acquisitions for 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.
Provide/Present recommendations and/or conclusions to Executive Management, ELT and other outside stakeholders based on the requested analyses.
Own the end-to-end preparation and development of the most complex pro forma adjustments that are relied upon to support acquisitions in base rate case requests and alternative regulatory mechanisms.
Prepare accurate rate case support schedules, testimony and exhibits for complex acquisition issues.
Prepares written and oral testimony and sponsors complex adjustments for acquisition related issues in rate filings.
Provides technical solutions and analysis on national issues.
Develops and delivers the most complex financial support that is relied upon by Company consultants in areas such as: acquisition, cost of service studies, return on equity, capital structure, depreciation studies, service company costs, Lead/Lag studies,
Prepares responses to interrogatories for schedules and exhibits they own and assists and mentors all levels of regulatory analysts in their development.
Key Abilities
Prepares complex acquisition filings that respond to requests from the Commission or comply with regulatory compliance requirements from previous Orders.
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.
Lead training initiatives as assigned for Regulatory Services teams and State Regulatory Leaders (eg: acquisitions, modelling, planning, and any other regulatory related areas)
Lead special projects or recurring work efforts as assigned and support the needs of the entire Regulatory Services organization (examples such as Board Presentations, Regulatory-wide presentations, etc.)
Knowledge/Skills
Economic and mathematical principles relating to utility ratemaking, class cost of service, and cost analysis
Fundamental accounting concepts and understanding of analytical concepts for financial analysis as well as US GAAP accounting practices
Data collection, research methodologies and statistical and cost analysis
Business report writing, preparation and delivery of presentations including oral and written testimony
Audit, review and analysis of business and financial records
Execution and analysis using company business technologies and computer simulation programs
Microsoft Office Suite (MS Word, PowerPoint, Excel) with particular advanced expertise in Microsoft Excel
Must have the ability to review most complex data and make appropriate decisions regarding public utility operations and to project future costs for controversial issues.
Experience/Education
Bachelor's degree in mathematics, statistics, economics, finance, accounting, business or a closely related field or an equivalent combination of education and experience.
MBA in Accounting or Finance or a Master's degree preferred.
Seasoned professional with a minimum of 15 years prior experience in the utility industry and/or shared service or multi-company corporation.
Working knowledge of SAP a plus.
Travel Requirements
Up to 20 %
Work Environment
Professional 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.
