Connecticut StateDepartment of Administrative Services

Utilities Principal Finance Specialist

Hybrid

Recruitment #220629-0272AR-001

Introduction



Are you looking to make a difference on a new and dynamic team? 
Are you passionate about clean energy and fighting climate change? 
If so, we have the opportunity for you! 

The State of Connecticut, Department of Energy and Environmental Protection (DEEP), Public Utilities Regulatory Authority (PURA) has an exciting position available for an energy professional to join our team as a Utilities Principal Finance Specialist. This position will work join the Utility Performance and Analysis unit within the Office of Technical and Regulatory Analysis located in New Britain, CT. 

About Us: 

The CT DEEP is charged with developing policies and programs to mitigate and adapt to the impacts of climate change, conserve, improve and protect Connecticut's natural resources and environment, and provide equitable access to broadband and affordable, clean and reliable energy to the people and businesses of the state. 

The agency is also committed to playing a positive role in rebuilding Connecticut's economy and creating jobs - and to fostering a sustainable, equitable and prosperous economic future.
Position Highlights: 

PURA has an opportunity for a Utilities Principal Finance Specialist in its dynamic new Utility Performance and Analysis (UPA) unit focused on innovative approaches to realizing Connecticut's public policy goals, including advancing the State's ambitious greenhouse gas emission targets modernizing utility regulation, and improving public utility performance. The Utilities Principal Finance Specialist will support the work of UPA in meeting these goals and in effectuating the agency's Equitable Modern Grid (EMG) initiative

Through the EMG initiative, PURA has already developed new programs such as the Energy Storage Solutions Program and the Electric Vehicle Charging Program, and is currently working to advance innovative approaches to deploy novel technologies, improve the integration and interconnection of distributed energy resources, provide opportunities for non-wires solutions to replace traditional poles and wires, and increase grid resilience and equitable outcomes for all ratepayers. 

The Utilities Principal Finance Specialist will also assist PURA in establishing a performance-based regulation (PBR) framework for the state's electric distribution utilities or companies (EDCs). The PBR proceeding is a comprehensive review of Connecticut's EDC regulatory approach with the potential to transform EDC incentives and business models to ensure alignment with the public interest and policy goals such as greenhouse gas emissions reduction and customer empowerment. 

Additionally, this position will aid with implementation of key portions of Public Act 20-5, known as the "Take Back Our Grid" Act, and Public Act No. 21-159, An Act Concerning Equitable Access to Broadband. Further, this position may also support PURA's future investigation(s) into the utilities' distribution planning practices and analysis. 

This position will be located at Ten Franklin Square, New Britain, CT. The incumbent will work 40 hours per week, Monday to Friday, between the hours of 8:00 AM - 5:00 PM. 
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! 
Learn more about how you can make an impact below! 
            

Selection Plan

Application Process:

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

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.

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

All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period. It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception. Requests should be made to DAS.SHRM@ct.gov.

Please ensure that your application is complete. You will be unable to make revisions once you officially submit your application to the state of Connecticut.

Selection Process:

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.

During the recruitment process, applicants may be required to submit additional documentation supporting their qualification(s) for this position. These documents may include: performance reviews, supervisory references, college transcripts, licensure, etc. at the discretion of the agency.

Contact Information:

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 performing the most complex tasks relating to utility economics and finance and for serving as a team leader for professional technical staff. Performs 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

Independently performs the most complex duties relating to a full range of utility economics and financial issues such as conducting rate of return analyses including specific costs of all components of capital; evaluates financial operations and financial viability of utility companies; oversees or performs analyses and evaluations of complex financial statements, studies and statistical exhibits; develops and conducts cross-examination of expert witnesses regarding complex financial, accounting and economic issues in rate cases and other proceedings; exercises independent judgment as to propriety of proposed issues of securities by utilities in light of current security markets and accepted utility capital structures; reviews past or prospective capital operations of utilities including financial aspects of construction projects; examines and audits books and records of utilities subject to regulation and recommends appropriate revisions and/or new financial accounting methods; develops evaluations concerning transfer of public utility assets, mergers, acquisitions and other divestitures; performs special studies including those regarding generic financial concerns, utility corporate, organizational and financial structure and conditions; designs and performs special financial analyses on an as needed basis; prepares and presents comprehensive reports and testimony on an array of financial matters; prepares interrogatories; serves as an expert finance witness in court and regulatory proceedings; directs development of computerized financial models; prepares and presents policy recommendations regarding utility economic and financial matters; develops and recommends final departmental orders on utility economics and finance matters; trains finance specialists and other professional or technical staff of lower grade; may assist in the preparation of briefs and draft decisions; performs related duties as required.

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; considerable knowledge of philosophies and practices concerned with corporate economics and finance in a regulated environment; considerable knowledge of financial aspects of company mergers and divestitures; considerable oral and written communication skills; considerable interpersonal skills; considerable ability to deal effectively with others under circumstances often adversarial; supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Eight (8) years of professional experience in business, finance or quantitative analysis.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

Two (2) years of the General Experience must have involved complex financial analysis.
Note: Complex financial analysis is interpreted as performing comprehensive, detailed and difficult financial studies resulting in reports and recommendations to management.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

1. College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) 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 (1) additional year of the General Experience.

PREFERRED QUALIFICATIONS

The preferred candidate will possess:
  • A bachelor's degree in political science, engineering, economics, finance, environmental studies, or a related field; 
  • An advanced degree in business administration, public policy, renewable energy, environmental studies, climate change, public utility regulation, finance, economics, or a related field; 
  • Work experience in utility regulation, energy policy, energy program management, management consulting, or a related field; 
  • Experience working on utility grid modernization initiatives, deployment of clean and renewable energy programs or climate change policy; 
  • Experience writing technical reports, white papers, position papers, policy papers or academic articles for a general audience that provide conclusions or recommendations supported by documented evidence; 
  • Experience conducting quantitative analysis using energy, financial, or other programmatic datasets, and synthesizing analysis; 
  • Experience managing projects simultaneously to achieve goals on time; 
  • Experience collaborating with colleagues across disciplines, building relationships; 
  • Experience with Microsoft Office 365 or similar cloud-based applications. 

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.







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