Rates & Regulatory Strategy Manager

Build an exciting, rewarding career with us - help us make a difference for millions of people every day. Consider joining the Duke Energy team, where you'll find a friendly work environment, opportunities for growth and development, recognition for your work, and competitive pay and benefits.

This Rates & Regulatory Strategy Manager will focus on preparation of the five-year forecast for DEC NC and DEC SC rate case revenues, related expenses, and earnings for each planning scenario that the financial planning and analysis group prepares (including the 5x7, 6x6, 8x4 and 12x0). The position works closely with FP&A to model all regulatory inputs to the financial plan. The position includes detailed financial analysis and modeling.

Other activities may include:

• Support for rate case filings

• Regulatory filings, compliance activities

• Regulatory strategy analysis, reporting, and support

• Leading and resolving strategic company and jurisdictional initiatives

The successful applicant should be able to support major work streams and work independently to keep processes on track to successful completion. They should be able to provide guidance to others (both internal and external to the group) and collaborate effectively with other groups within the Company. They will have a grasp on industry issues and emerging rules and proactively address how these issues may affect regulatory processes, adhering to proper ratemaking treatment and forecasting assumptions. Developing good working relationships with internal and external customer groups is important. Must be proficient in conflict management and will know how to listen attentively, as well as be able to communicate both orally and in written form proficiently. Must be able to present ideas and concepts clearly to broad groups.

The Carolinas Rates & Regulatory group is within the North Carolina State President's organization and provides regulatory services for Duke Energy's regulated electric utilities in North Carolina and South Carolina.

• Provide regulatory input and support for major financial forecasting scenarios for DEC NC and DEC SC

• Actively participate in forecast and analysis activities to accomplish appropriate inputs to the short- and long-term financial plans of Duke Energy Carolinas.

• Support ad hoc requests for various alternative scenarios used in evaluating the best financial outcomes for the company

• Prepare DEC SC annual deferral report

• Prepare analysis of potential rate case outcome and compare to financial plans

• Effectively communicate complex regulatory and cost recovery concepts to internal stakeholders

• Participate on cross functional teams to provide regulatory expertise to enable development and successful implementation of business initiatives with appropriate cost recovery mechanisms.

• Managing relationships with financial planning and analysis, accounting, functional contacts, and other rates team members to resolve questions, issues, and challenges experienced in the forecasting process.

Activities include:

• research and strategy development - identify potential regulatory issues/hurdles and propose solutions/strategies to overcome barriers; understand industry issues and emerging issues that may affect ratemaking.

• data gathering and computations - prepare and review proposed revenue requirements based on historical actual costs and appropriate pro forma adjustments; compute impact of financial assumptions and provide appropriate inputs to FP&A for inclusion in the financial plan.

• provide analysis and support to the rate case team as needed

• Bachelor's degree in Business, Accounting, Mathematics, Finance or other related degree

• In addition to bachelor's degree, eight (8) years minimum of related work experience

• Previous experience working in the utility industry

• Familiarity with ratemaking, revenue requirement, and rate design principles

• Ability to grasp big picture and reach appropriate conclusions from detailed analysis

• Attention to detail and commitment to high level of accuracy

• Ability to communicate complex concepts clearly and concisely in both written and verbal communications

• Proficiency in using Excel: ability to develop and use complex spreadsheets using advanced techniques

• Good time management skills: ability to manage a project and meet deadlines with little supervision

• Ability to work effectively under pressure

• Ability to deal with ambiguity

• Background in finance, regulatory accounting, data analysis or engineering preferred; advanced degree or certification (i.e., MBA or CPA)

• M-F

• Hybrid mobility classification - work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable commute to listed locations.

• Extended hours may be required at times to meet forecast deadlines

• Occasional travel may be required

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