Position Responsibilities (including but not limited to): Analyze key themes from a wide range of external and internal data sources, including economic / financial market movements, proposed rate-making strategies, rate plans and possible outcomes of rate case proceedings in order to identify how different scenarios may impact cost recovery and ROE analysis. Conduct analysis and work with business partners to translate objectives into well-defined requirements supporting input into regulatory strategy in order to support change and innovation within National Grid. Perform internal and external research on state/federal regulatory policies and filings in order to ensure compliance with regulatory standards. Prepare rate case costs of service and associated discovery responses, periodic regulatory earnings reports, periodic regulatory return calculations and any other ad hoc analysis as required in order to facilitate and support business decision making. Provide regulatory revenue requirements analysis where required in order to contribute to business development efforts and support value creation of the company. Monitor and review accounting and financial information, updating where necessary in order to identify any anomalies or discrepancies and ensure management has access to up to date and accurate information to support the development of regulatory strategies and preparation of regulatory filings. Build upon technical/professional skills within all areas of Regulation and Pricing in order to continually grow your personal contribution to the business. Develop relationships with internal and external stakeholders in order to obtain and share information that will benefit National Grid.
Additional Accountabilities operating as a (Senior Analyst) :
Senior Analyst are expected to deliver on the key accountabilities list above as well as those listed below. Develop and implement studies to support regulatory, tariff and pricing proposals in the context of general rate cases and comprehensive rate plan filings, tariff changes, and other regulatory proceedings to ensure National Grid can implement policies effectively and consistently. Proactively research, produce, monitor and analyze regulatory costs, policies or other information to enable analysis of key regulatory themes and trends and to support inquiries. Promote and implement procedural best practice in order to ensure all working practice (and where relevant, health and safety standards) are compliant with National Grid policies and regulatory requirements. Prepare, maintain and submit regulatory information such as compliance filing information and regulatory reports in order to ensure regulators and other stakeholders are kept up to date with relevant National Grid policies, processes and programs. Keep up to date with regulatory developments and identify regulatory precedents in order to ensure the optimization of best practice for National Grid. Develop and maintain tariff and pricing analytical systems, models and procedures in order to support design solutions and enhance time/consistency/safety/efficiency and operability for FERC entities. Develop and maintain effective relationships with key stakeholders in order to share best practice, provide technical advice and build bases of influence. Challenge existing ways of working and continuously seek ways to do things better in order to drive greater efficiencies within assigned area.
Additional Accountabilities operating as a Lead Analyst:
Lead Analyst are expected to deliver on the key accountabilities list above as well as those listed below. Produce written and oral testimony and analysis in support of regulatory filings as a company witness or in support of other company witnesses. Develop pricing and tariff process and policy specifications and criteria and options and evaluate those options to support senior management decision-making in the application of regulation and pricing, such as in general rate cases, FERC formula rates, comprehensive rate plan filings and tariff administration proceedings. Develop the criteria, framework and standards for the analytical studies to support regulatory, tariff and pricing proposals to ensure National Grid consider all options as consistently and efficiently as possible before designing and implementing any new policies. Research and analyze key themes from a wide range of data sources in order to identify how different regulatory scenarios may impact upon the business. Translate regulatory and tariff/pricing change objectives into clearly defined business cases and department annual plans in order to support achievement of any implementation objectives effectively. Contribute to the identification and formulation of strategic objectives given knowledge and expertise in Regulation and Pricing, in order to drive change and innovation within National Grid. Support the Jurisdictional requirements of National Grid as related to operations, operating income, and growth objectives as seen through a regulatory lens. Support the Regulatory Strategy team with innovative concepts as related to FERC and State Jurisdictions as well as any technical, financial, and strategic input necessary to advance the Energy Policies and Strategic Growth initiatives of NG USA. Support the leadership, motivation and development of a professional team of analysts to ensure results are delivered in line with expectations and business objectives. Keep regulators and other relevant parties up to date and informed on National Grid regulatory programs in order to ensure they are managed appropriately and in line with regulatory requirements. Develop and utilize peer group network in order to absorb and apply technical/professional best practice within regulatory area, including regulatory developments and precedents. Qualifications Knowledge & Experience Requirements: A Bachelor's degree in accounting, economics, finance, engineering, or related field and up to 2 years of related experience preferred, or equivalent work experience. Knowledge and experience of regulation and unit costing tools and techniques and a sound understanding of financial analysis tools and techniques. Knowledge of National Grid's business operations, company policies and practices. Knowledge of relevant industry practice and legislation. Proficient in relevant software e.g. Microsoft Office products (Excel, Word, PowerPoint) and National Grid ERP with knowledge of data management. Knowledge & Experience Requirements for Senior Analyst: Senior Analysts are expected to have the knowledge & experience listed below. A Bachelor's degree in accounting, economics, finance, engineering, or related field and up to 5 years of related experience, or equivalent work experience. An advanced degree/credits is preferred. In-depth experience of regulation and unit costing tools and techniques and a sound understanding of financial analysis tools and techniques. Knowledge of relevant industry practice and legislation. Knowledge of current trends within the industry and developments in legislation or regulation. In-depth knowledge of National Grid's business operations, company policies and practices. Expertise in relevant software e.g. Microsoft Office products (Excel, Word, Outlook) with knowledge of data management. Knowledge & Experience Requirements for Lead Analyst: Lead Analysts are expected to have the knowledge & experience listed below. A Bachelor's degree in accounting, economics, finance, engineering, or related field and up to 7 years of related experience, or equivalent work experience. An advanced degree/credits is preferred. Experience supporting training and development of other team members. Expert within their field. Extensive and significant knowledge of regulation and unit costing tools and techniques and financial analysis tools and techniques sufficient to lead programs or projects. Knowledge of relevant industry practice and legislation. Knowledge of current trends within the industry and developments in legislation or regulation. Extensive knowledge of National Grid's business operations, company policies and practices. Knowledge of division policies, processes and fields of work. Expertise in relevant software e.g. Microsoft Office products (Excel, Word, Outlook) with knowledge of data management. Knowledge of budgeting and operational planning. This position is one of National Grid’s career path roles which provide for promotional opportunities within and across salary bands as you develop and evolve in the position by gaining experience, expertise and acquiring and applying technical skills. National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer, committed to providing equal opportunity to employees and applicants for employment without regard to race, color, religion, creed, national origin, ancestry, alienage or citizenship status, gender, sexual orientation, gender identity or expression, age, physical and mental disability, marital status, veteran status, predisposing genetic characteristics, or any other factor protected from discrimination under municipal, state, or federal law. We encourage all interested, qualified persons to join the National Grid team. Job : Regulatory & Pricing Primary Location : NY-Brooklyn Organisation : Reg Accounting Schedule : Full-time Job Posting : Feb 17, 2017, 10:05:36 AM Unposting Date : Mar 31, 2017, 11:59:00 PM