Financial Analyst

The Public Service Commission of the District of Columbia (Commission), a leading utility regulatory agency, is looking for a talented Financial Analyst with utility experience, who can make a professional difference in the Nation’s Capital. As a Financial Analyst, you will be involved in a challenging variety of utility regulatory projects, including: ongoing financial analysis and monitoring efforts for $3B+ of electric and gas utility infrastructure upgrades, rate cases, management audits, utility merger case activities, electric and gas distribution strategic initiatives and long-term planning reviews.

This position is in the Office of Finance and Accounting within the Office of Technical and Regulatory Analysis (OTRA) of the Commission. The Commission regulates the utilities and competitive companies that provide natural gas, electricity, and telecommunications services to District of Columbia ratepayers. The mission of the Commission is to serve the public interest by ensuring that financially healthy electric, natural gas and local telecommunications companies provide safe, reliable and quality utility services at reasonable rates for District of Columbia residential, business and government customers. OTRA advises the Commissioners on accounting, economic, engineering, and financial issues in formal cases that are before the Commission.

The Commission offers a competitive salary range, a generous travel stipend for public transportation, as well as an attractive benefits package. The Commission’s benefits package encompasses a flexible menu of comprehensive benefits, including health, dental, vision, life, and disability insurance options, as well as a strong set of portable retirement benefit and savings options. The Commission also offers attractive vacation and sick leave time, as well as paid holidays—consistent with District government provisions.

The Commission also seeks to optimize work-life balance through an attractive set of work schedule options, including Flex time schedules, Teleworking options, and Alternative Work Schedules. As an organization dedicated to professional development and learning, the Commission encourages staff to participate in regulatory and industry association activities, as well as educational and professional training. Tuition reimbursement may also be available. The ideal candidate is outgoing and is able to participate in the evolving work of the office.

Duties And Responsibilities

The Financial Analyst is responsible for providing authoritative advice to the Chief of Finance and Accounting and the Commission on a full range of financial issues associated with the regulatory oversight of utility companies. Completes individual financial analysis and research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation. Reviews, analyzes and summarizes pertinent documents filed in formal proceedings, including testimony, briefs, Commission orders, motions, notices, and reports. Examines and analyzes the capital structures, rates of return, credit ratings and other financial data contained in applications for rate adjustments submitted to the Commission by public utilities and others to determine if these applications are reasonable and conform to the Commission's rules of practice and procedure. Performs credit rating analysis and assesses operating and financial risks faced by telecommunications, electric and gas companies. Reviews and analyzes the utilities' revenue and cost data to determine whether they appropriately reflect the operations of the companies in the District of Columbia. Participates in preparing advisory memoranda, including rate case and investigative orders involving complex financial issues.

Continuously monitors economic and financial industry trends and conditions and the implications on the utility companies, other market participants, and ratepayers. Alerts the Commission to events in the financial marketplace which may have an effect on the credit ratings of the securities of the utilities and other market participants that are regulated by the Commission. Monitors activities of federal legislators, federal regulatory agencies, and state commissions on financial matters and issues in the utility industries. Answers inquiries from other Commissions, agencies, industry participants and analysts relating to utility and competitive market companies and the financial conditions of these companies. Provides detailed explanations and descriptions of the financial methods employed by the Commission to a variety of audiences.

Qualifications And Education

Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.

or

Specialized Experience: Specialized experience is experience which is directly related to the position and has equipped the individual with the knowledge, skills, and abilities to successfully perform the duties of the position. To be creditable, at least one (1) year of specialized experience must have been equivalent to at least the next lower grade level in the normal line of progression.

Experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of (1) corporate finance and any specialized fields of finance required such as public finance, securities, international finance, money and securities markets, investments, and banking, and (2) the financial and management structure, operations, and practices of corporate and other organizations.

Licenses and Certifications

None

Chartered Financial Analyst (“CFA”), Certified Public Accountant (“CPA”), Chartered Accountant, Certified Management Accountant (“CMA”) or other related certifications are PREFERRED.

Working Conditions/Environment

The work is performed in an office setting.

Other Significant Facts

Tour of Duty: 9:30 a.m. to 5:30 p.m. Monday - Friday

Promotion Potential: No known promotion potential

Collective Bargaining Unit: This position is in the collective bargaining unit represented by AFSCME, District Council 20, and you may be required to pay union dues through payroll deduction.

Position Designation: This position does not have a suitability designation.

Applicants claiming “Residency Preference” will be required to maintain residency in the District of Columbia for a minimum of seven (7) years. Failure to do so may result in forfeiture of employment.

If the position you are applying for is in the Excepted Service, Executive Service, Senior Executive Attorney Service, positions in the Legal Service of the Council for the District of Columbia, and new employees hired or new re-hires in the Career, Management Supervisory, or Educational Service with a starting annual salary of $150,000 or more, you must establish residency in the District of Columbia within one hundred eighty (180) days of the effective date of the appointment and continue to maintain residency within the District of Columbia throughout the duration of the appointment.

EEO Statement: The District of Columbia Government is an Equal Opportunity Employer. All qualified candidates will receive consideration without regard to race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family responsibilities, matriculation, physical handicap, or political affiliation.