Connecticut StateDepartment of Administrative Services

Utilities Finance Specialist

Recruitment #211217-6720AR-001

Introduction



Do you have the desire to make a difference on a new and dynamic team? 
If so, we have the opportunity for you! 

The State of Connecticut, Department of Energy & Environmental Protection (DEEP) is currently seeking a business/finance professional to join our team as a Utilities Finance Specialist within the new Utility Performance and Analysis Unit located in New Britain, CT. 

About Us: 

At CT DEEP, we are dedicated to conserving, improving, and protecting our natural resources and the environment; and increasing the availability of cheaper, cleaner and more reliable energy. 

The Public Utilities Regulatory Authority (PURA) is statutorily charged with regulating the rates and services of Connecticut's investor owned electric, natural gas, water and telecommunication companies and is the franchising authority for the state's cable television companies. Ensuring affordable and reliable service from these sectors is critical to maintaining public health and safety and a thriving economy in the state of Connecticut. 

PURA is statutorily charged with regulating many aspects of Connecticut's utility sector, including but not limited to: 
  • Ensuring the prudence of electric system modernization, natural gas system expansion and water system infrastructure investments; 
  • Reviewing mergers and acquisitions in all the above regulated sectors; 
  • Conducting periodic utility rate cases; 
  • Overseeing service quality, safety and investment for the state's telecommunication infrastructure; 
  • Implementing federal requirements for natural gas pipeline safety. 
Position Highlights: 

The Finance Specialist will assist on the cross-disciplinary work assigned to the new unit, including establishing a performance-based regulation (PBR) framework for the state's electric distribution companies, developing a framework for testing and scaling novel technology and customer solutions, establishing an integrated distribution planning process to ensure alignment between utility planning and public policies, and conducting annual reviews of the electric utilities public policy related expenses. 

This position will also assist with discrete, quantitative analysis and studies as required by the Connecticut General Assembly and as requested by PURA management. Such studies may include, but are not limited to, the research questions contemplated in Docket No. 17-12-03RE10, PURA Investigation into Distribution System Planning of the Electric Distribution Companies - Building Blocks of Resource Adequacy and Clean Electric Supply. 

The incumbent will also be a part of the team responsible for implementation of key portions of Public Act No. 21-159, An Act Concerning Equitable Access to Broadband, with the objective of ensuring the timely and equitable expansion of broadband access across the state. 

What we can offer you: 

State of Connecticut employees participate in a competitive benefits plan that includes: 
  • Excellent health and dental coverage; 
  • A generous retirement plan; 
  • Paid time off; 
  • A healthy work - life balance! 
Watch below to learn how you can make an impact
            

Selection Plan

In order to comply with Public Act 21-69, the State of Connecticut is no longer asking for resumes during the initial application process.

All State employees shall follow the guidelines as listed in Executive Orders 13F (3a) and 13G (3a) .

In order to be considered for this job opening, you must meet the minimum qualifications as listed on the job opening. You must specify your qualifications on your application. The minimum experience and training requirements must be met by the close date, unless otherwise specified.

Please ensure that your application is complete and displays your qualifications. You will be unable to make revisions once it is submitted. 

The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.

This posting may require completion of additional referral questions (RQs) which will be sent to you via email after the closing date. The email notification will include an expiration date by which you must submit (Finish) your responses. Please regularly check your email for notifications. Please check your SPAM and/or Junk folders, as emails could end up there in error.

Should you have any questions pertaining to this recruitment, please contact Tyler Cashman at Tyler.Cashman@ct.gov.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Energy and Environmental Protection or Office of Consumer Counsel this class is accountable for independently performing a full range of tasks in the planning and conducting of financial and economic analyses and studies, analyses of cost of capital, and recommending rates of return on investments.

EXAMPLES OF DUTIES

Performs a full range of duties relating to utility finance including analyses of cost of capital and rates of return on rate base and equity; reviews cost of money testimony and exhibits presented in rate applications; prepares and conducts cross-examination of expert witnesses in areas of capital structure, cost of capital and financing; analyzes financial operations and financial viability of utility companies including capital investments, budgeting, cash flow and or cash management and asset management; analyzes applications and justifications for issuance of stock, bonds, notes and other evidence of indebtedness; collects, analyzes, evaluates and summarizes economic and financial data regarding transfer of public utility assets, mergers, acquisitions and divestitures; prepares comprehensive reports and testimony making specific recommendations on an array of issues related to utility conditions, utility corporate financial structure and conditions; performs special studies on generic financial concerns being considered by Department of Energy and Environmental Protection; performs financial impact studies of and reviews utility proposals for future construction; serves as an expert finance witness before Department of Energy and Environmental Protection, other regulatory bodies, or courts; assists in preparation of Department of Energy and Environmental Protection orders; develops specifications for computerized financial models; prepares policy recommendations regarding utility financing matters for management; may draft interrogatories; may assist in the preparation of briefs and draft decisions; may train lower level employees; performs related duties as

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of principles and practices of finance especially as related to operation and capitalization of public utilities; considerable knowledge of public utilities performance in stock and bond markets and impacts of those markets on utilities; considerable knowledge of public utility corporate financial structure; considerable knowledge of rate of return and cost of capital analyses including computer applications; knowledge of financial aspects of company mergers and divestitures; considerable interpersonal skills; considerable oral and written communication skills; some supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Seven (7) years of professional experience in business, finance or quantitative analysis.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

1. College training may be substituted for the General Experience on the basis of fifteen (l5) semester hours equalling one-half (l/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
2. A Master's degree in finance, economics, accounting, business, mathematics, computer science or other closely related field may be substituted for one (l) additional year of the General Experience

PREFERRED QUALIFICATIONS

The preferred candidate will possess:
  • 1 year of professional experience with financial work in energy policy or utility regulation; 
  • Experience with grid modernization, clean and renewable energy, energy affordability, broadband/telecommunications, electric reliability and resilience, climate change policies and/or performance-based regulation; 
  • Experience and proficiency in data and other analysis; 
  • Experience in report or similar writing; 
  • Experience in project management and working on multiple projects simultaneously while working independently;
  • Experience in Microsoft Office 365 applications, including SharePoint and Teams. 

SPECIAL REQUIREMENTS

1. Incumbents in this class may be required to travel.
2. Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.



Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet.




The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.